Effective Date Loan definition

Effective Date Loan means a Loan made by a Lender on the Effective Date, subject to the terms and conditions hereof.
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Effective Date Loan is defined in Section 2.2(a)(i).
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Effective Date Loan. Section 2.1(b).
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Examples of Effective Date Loan in a sentence

  • On the Effective Date, Loan Claims shall be Allowed in the aggregate principal amount of $642 million, plus any accrued but unpaid interest, fees, and other expenses arising under or in connection with the Prepetition Credit Agreement.

  • Parts and components for nuclear radiation detection and monitoring instruments, including parts for radioactivity detection, identification, and computation (RADIAC) equipment 2045205000c.

  • All obligations of the Seller relating to the Assigned Rights that arise under the Agreement on or after the Effective Date Loan of the Seller: Before the Effective Date: $ After giving effect to the assignment referred to herein: $ Loan of the Buyer: Before the Effective Date: $ After giving effect to the assignment referred to herein: $ For these purposes, the Buyer hereby informs you that the address for notices and account for payments in connection with the Agreement are as set forth below.

  • The First Amendment Effective Date Loan is a term loan and once borrowed, may not be re-borrowed.

  • Each Covered Loan will be listed on the Covered Loan Schedule, together with the applicable Coverage Effective Date, Loan Coverage Percentage, and certificate number for each Covered Loan, and any other information pertaining thereto exactly as such information was provided on the Set-up File.

  • The Second Amendment Effective Date Loan is a term loan and once borrowed, may not be re-borrowed.

  • As of the Second Amendment Effective Date, no event shall have occurred and be continuing or would immediately result from the consummation of the Second Amendment Effective Date Loan that would constitute an Event of Default or a Default.

  • Stipulation Regarding Value: As part of a global compromise of their disputes evidenced by the State Court Action and otherwise, unless otherwise agreed by all parties in a subsequent writing, the Debtors, Insiders, and CRH irrevocably stipulate and agree that upon Confirmation, as of the Effective Date (i) the value of the Property surrendered to CRH under the Plan, plus (ii) the amount of the Net Cash surrendered under the Plan, shall collectively be equal to the Effective Date Loan Amount.

  • The Loan made by each Lender shall, in addition to this Agreement, also be evidenced by a promissory note of the Borrower substantially in the form of Exhibit H (each, a “Note”), payable to the order of such Lender in a principal amount equal to the sum of the maximum principal amount of any Effective Date Loan and any Additional Loan made by such Lender and otherwise duly completed.

  • Subject to the terms and conditions of this First Amendment and the Amended Loan Agreement and relying upon the representations and warranties set forth in the Amended Loan Agreement and this First Amendment, Lion I agrees to make the First Amendment Effective Date Loan in a single draw to the Borrower on the First Amendment Effective Date in the amount of Three Million Five Hundred Thousand Dollars ($3,500,000).

Related to Effective Date Loan

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

  • Cov-Lite Loan A Collateral Obligation the Underlying Documents for which do not (i) contain any financial covenants or (ii) require the Obligor thereunder to comply with any Maintenance Covenant (regardless of whether compliance with one or more Incurrence Covenants is otherwise required by such Underlying Documents); provided that, notwithstanding the foregoing, a Collateral Obligation shall be deemed for all purposes (other than the S&P Recovery Rate for such Collateral Obligation) not to be a Cov-Lite Loan if the Underlying Documents for such Collateral Obligation contain a cross-default or cross acceleration provision to, or such Collateral Obligation is pari passu with, another loan, debt obligation or credit facility of the underlying Obligor that contains one or more Maintenance Covenants.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Closing Date Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Closing Date Term Loan Commitment. The aggregate amount of the Closing Date Term Loan Commitments as of the Closing Date is $820,000,000.

  • Tranche B Advance has the meaning specified in Section 2.01(b).

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.

  • Commitment Increase Effective Date has the meaning set forth in Section 2.02(b).

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • Funding Date is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business Day.

  • Incremental Revolving Loan has the meaning set forth in Section 2.14(b).

  • Revolving Loan means a Loan made pursuant to Section 2.01.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • CDOR Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the CDOR Rate.

  • Term Loan has the meaning specified in Section 2.01(b).

  • Domestic Rate Loan means any Advance that bears interest based upon the Alternate Base Rate.

  • Tranche A Borrowing Base means, at any time of calculation, an amount equal to:

  • Tranche B Term Loan as defined in Section 2.1.

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • Replacement Revolving Facility Effective Date shall have the meaning assigned to such term in Section 2.21(l).

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • Term B Borrowing means a borrowing consisting of simultaneous Term B Advances of the same Type made by the Term B Lenders.