Examples of Covance Closing Date in a sentence
Receipt by the Administrative Agent, the Joint Lead Arrangers and the Lenders of any fees required to be paid on or before the Covance Closing Date.
Notwithstanding anything to the contrary contained herein, in no event shall the existence of a Default or Event of Default (including at any time during the Availability Period) affect the obligations of each Lender to make Loans under Section 2.01 on the Covance Closing Date if the conditions set forth in Section 4.02, including for the avoidance of doubt Section 4.02(e), are satisfied.
Subject to the terms and conditions set forth herein, each Lender severally agrees to make a single Loan to the Borrower in Dollars in an amount specified by the Borrower in accordance with Section 2.02 and not to exceed its Commitment in a single drawing on the Covance Closing Date; provided that if for any reason the full amount of such Lender’s Commitment is not fully drawn on the Covance Closing Date, the undrawn portion thereof shall automatically be cancelled thereon.
Each Lender’s Commitment shall terminate immediately and without further action upon the earliest of (x) the Covance Closing Date after giving effect to the funding of such Lender’s Loans on such date, (y) the Outside Date and (z) the termination of the Covance Acquisition Agreement in accordance with its terms.
Within five (5) Business Days after the receipt, on or after the Covance Closing Date, of Net Cash Proceeds of any Prepayment Event, the Borrower shall prepay an aggregate principal amount of Loans equal to 100% of such Net Cash Proceeds.
The Borrower agrees to pay to the Administrative Agent, for the ratable benefit of the Lenders, a delayed commitment fee (the “Delayed Commitment Fee”) in an amount equal to 0.25% of the aggregate principal amount of the Loans outstanding on the date that is 30 days after the Covance Closing Date, due and payable in cash on such 30th day (or if such day is not a Business Day, the next Business Day).
Permit the Leverage Ratio on the last day of any period of four consecutive fiscal quarters, in each case taken as one accounting period, to be greater than (i) prior to the Covance Closing Date, 3.75 to 1.00 and (ii) from the Covance Closing Date, 4.75:1.00.
Subject to the terms and conditions set forth herein, each Lender severally agrees to make a single Loan to the Borrower in Dollars in an amount specified by the Borrower in accordance with Section 2.02 and not to exceed its Commitment in a single drawing on the Covance Closing Date; provided that if for any reason the full amount of such Xxxxxx’s Commitment is not fully drawn on the Covance Closing Date, the undrawn portion thereof shall automatically be cancelled thereon.
The obligation of each Lender to make a Loan in an amount equal to its Commitment hereunder on the Covance Closing Date is subject to the satisfaction or waiver (in accordance with Section 10.01) of the following conditions on or after the Effective Date, and no other conditions: (a) Effective Date.