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 Initial Effective Date Bridge Loan.
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Examples of Effective Date Loans in a sentence

  • Should the City receive only one (1) Tender on commodities/services that have a known multiple source potential, the right is reserved to recall or cancel the competition or to negotiate the prices/terms offered by the bidder.

  • The New RCF Credit Agreement, including all documentation related thereto, in form and substance reasonably acceptable to the Debtors, the New RCF Commitment Party, and the Required Consenting Lenders, shall have been executed and delivered, all conditions to the effectiveness thereof shall have been satisfied or waived in accordance with the terms thereof and the New RCF Effective Date Loans shall be funded contemporaneously with the satisfaction of the conditions to the Effective Date.

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  • 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 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.

  • 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 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.

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


More Definitions of Effective Date Loans

Effective Date Loans shall have the meaning provided in the recitals to this Agreement.
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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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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 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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Related to Effective Date Loans

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

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(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 shall have the meaning assigned to such term in Section 2.21(a).

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

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • 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 2.7(a).

  • 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).

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

  • Term B Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term B Commitments at such time and (b) thereafter, the aggregate principal amount of the Term B Loans of all Term B Lenders outstanding at such time.

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

  • U.S. Revolving Loans has the meaning set forth in Section 2.1(a).

  • 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.

  • 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.

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

  • Term B Loans means (a) the term loans made by the Lenders to the Borrower pursuant to Section 2.01(a), and (b) any Incremental Term Loans in the form of Term B Loans made by the Incremental Term Lenders to the Borrower pursuant to Section 2.01(c).

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.