Effective Date Loans definition

Effective Date Loans means each of the Pool Loans sold or purported to be sold by the applicable Originator to the Seller pursuant to the Sale Agreement on or prior to the Effective Date; provided that no Loan shall be deemed an Effective Date Loan to the extent such Loan has been amended or modified following the Effective Date, and as a result of such amendment or modification, a new Obligor Note has been executed and delivered by the applicable Obligor.
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Effective Date Loans shall have the meaning assigned to such term in Section 2.21(a).
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Effective Date Loans means, collectively, the Effective Date Revolving Loan and the Effective Date Bridge Loan.
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Examples of Effective Date Loans in a sentence

  • Simultaneously, the Borrower may draw, or be deemed to draw, in an amount up to the principal amount of the Effective Date Loans, upon the Revolving Commitments of all Lenders hereunder in accordance with their respective Applicable Percentages hereunder.

  • The Borrower shall prepay the Non-Exchanged Loans with a like amount of the gross proceeds of the Additional Restatement Effective Date Loans substantially concurrently with the receipt thereof.

  • The Borrowing of or conversion to Base Rate (other than Term B-3 Loans on the Amendment No. 7 Effective Date) Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof.

  • Following the Effective Date, Loans may be outstanding as either Base Rate Loans or Eurodollar Loans, as selected by the Borrower pursuant to Section 2.3 .

  • The Restatement Effective Date Loans shall be made by the Lenders in accordance with their respective Commitments under the Restated Credit Agreement.

  • The Borrowing of or conversion to Base Rate (other than Term B Loans on the Amendment No. 1 Effective Date) Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof.

  • The Borrower hereby authorizes the Administrative Agent to apply the proceeds of the Restatement Effective Date Loans to effect the Refinancing Effective Date Refinancing.

  • On the Effective Date, the Administrative Agent shall have received a certificate, dated the Effective Date and signed on behalf of the Borrower by the chairman of the board, the chief executive officer, the chief financial officer, the president or any vice president of the Borrower, certifying on behalf of the Borrower that all of the conditions in Section 6.01 have been (or will be concurrently with the funding of the Effective Date Loans on the Effective Date) satisfied on such date.

  • Furthermore, if the New RCF Credit Agreement is not entered into and/or the New RCF Effective Date Loans are not funded, each a condition precedent to the effectiveness of the Plan, or if the New RCF Commitment Letter is terminated or breached and the New RCF Commitment is terminated, events that could trigger a termination of the RSA, the Effective Date could be significantly delayed or may not occur and the Debtors may lose the support of the Voting Parties.

  • Following the Effective Date, Loans may be outstanding as either Base Rate Loans or Eurodollar Loans, as selected by the Borrower pursuant to Section 2.3. The Loans may not be reborrowed following the payment or prepayment thereof.


More Definitions of Effective Date Loans

Effective Date Loans means the Term Loans to be advanced to the Borrowers on the Amendment Effective Date, in the amount for each Borrower specified on Schedule 2.
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Effective Date Loans shall have the meaning provided in the recitals to this Agreement.
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Effective Date Loans means the Loans owed to the Remaining Lenders as at the Effective Date which are specified as Effective Date Loans and detailed in Schedule 2 (Effective Date Facilities, Commitments and Loans Outstanding) representing amounts owed to Transferring Lenders prior to the Effective Date which are transferred to the Remaining Lenders on the Effective Date pursuant to Clause 4 (Global Transfer, Retranching and Amendment).
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Effective Date Loans is defined in clause (b) of Section 2.1.1.
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Effective Date Loans contained in Section 1.01 of the Existing Agreement is hereby amended and restated in its entirety to read as follows:
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Effective Date Loans means the New Loans requested by the Borrower to be made on the Effective Date.
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Related to Effective Date Loans

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

  • Revolving Loans as defined in Section 2.4(a).

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • Existing Loans has the meaning specified in Section 2.19(a).

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • Tranche B Term Loans means the Loans made by Lenders to Company pursuant to subsection 2.1A(ii).

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

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Pending Revolving Loans means, at any time, the aggregate principal amount of all Revolving Loans requested in any Notice of Borrowing received by the Agent which have not yet been advanced.

  • Existing Revolving Loans has the meaning specified in Section 2.16(a).

  • Incremental Loan Commitments has the meaning assigned thereto in Section 5.13(a)(ii).

  • Borrowing Tranche means specified portions of Loans outstanding as follows: (i) any Loans to which a LIBOR Rate Option applies which become subject to the same Interest Rate Option under the same Loan Request by the Borrower and which have the same Interest Period shall constitute one Borrowing Tranche, and (ii) all Loans to which a Base Rate Option applies shall constitute one Borrowing Tranche.

  • Incremental Revolving Credit Loans shall have the meaning provided in Section 2.14(b).

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

  • 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.

  • Incremental Revolving Commitments has the meaning specified in Section 2.14(a).

  • Subsequent Borrowings has the meaning assigned to such term in Section 2.19.

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • Term B Facility means the Term B Loan Commitments and the Term B Loans made hereunder.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • U.S. Revolving Loans means the revolving loans made to the U.S. Borrowers pursuant to Section 2.1(a)(i), or any amendment to this Agreement entered into pursuant to Section 2.5, 2.6 or 2.7, each Agent Advance made to a U.S. Borrower and each U.S. Swingline Loan.

  • Canadian Prime Rate Loans means any Canadian Dollar Revolving Loan during the period which it bears interest at a rate determined by reference to the Canadian Prime Rate.

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

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

  • Total Facility B Commitments means the aggregate of the Facility B Commitments, being €30,000,000 at the date of this Agreement.