Facility Increase Date definition

Facility Increase Date has the meaning assigned to such term in Section 2.01(c).

Facility Increase Date has the meaning set forth in Section 2.1(a)(ii).

Facility Increase Date has the meaning specified in Section 2.1(b) (The Term Loans).

Examples of Facility Increase Date in a sentence

• The Administrative Agent shall notify the Lenders and the Company, on or before 1:00 p.m., New York City time, on the first Business Day following a Facility Increase Date of the effectiveness of a Facility Increase and shall record in the Register all applicable additional information in respect of such Facility Increase.

• Each Facility Increase shall become effective on a date agreed by the Company and the Administrative Agent (each a “Facility Increase Date”); provided, however, that the conditions precedent set forth in Section 3.4 (Conditions Precedent to Each Facility Increase) shall have been satisfied on or prior to each such Facility Increase Date.

• On any Facility Increase Date on which any Term Loan Commitments are made, subject to the satisfaction of the foregoing terms and conditions, each Term Lender shall become a Lender hereunder with respect to the Term Loans made pursuant thereto and shall fund the applicable Term Loans in accordance with the requirements of the applicable Term Loan Amendment.

• There shall have been paid to the Administrative Agent, for the account of the Administrative Agent, the Arrangers, any Lender (including any Person becoming a Lender as part of such Facility Increase on such Facility Increase Date) or any Issuer, as the case may be, all fees and expenses due and payable on or before the Facility Increase Date for such Facility Increase.

• The Administrative Agent shall record in the Register all applicable additional information in respect of such Facility Increase promptly upon its effectiveness and shall notify the Lenders and the Company, on or before 1:00 p.m. (New York City time) on the first Business Day following a Facility Increase Date, of the effectiveness of a Facility Increase.

• To the extent the Borrowers elect to increase the Total WC Revolver Commitment pursuant to Section 2.1(a)(ii) hereof during any Seasonal Overline Period, on each Facility Increase Date, the Borrowers shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage of the Total WC Revolver Commitment, an increase fee in the amount of $30,000.

• There shall have been paid to the Administrative Agent, for the account of the Administrative Agent, the Arranger, any Lender (including any Person becoming a Lender as part of such Facility Increase on such Facility Increase Date) or any L/C Issuer, as the case may be, all fees and expenses due and payable on or before the Facility Increase Date for such Facility Increase.

• As of the Facility Increase Date for such Facility Increase, such Facility Increase shall be made on the terms and conditions set forth in Section 2.1(b) (The Term Loans).

• There shall have been paid to the Administrative Agent, for the account of the Administrative Agent and the Lenders participating in such Facility Increase on such Facility Increase Date, as applicable, all fees and expenses (including reasonable fees and expenses of counsel) due and payable on or before the Facility Increase Date.

• There shall have been paid to the Administrative Agent, for the account of the Administrative Agent and the Lenders (including any Person becoming a Lender as part of such Facility Increase on such Facility Increase Date), as applicable, all fees and expenses (including attorney costs of the Administrative Agent) due and payable on or before the Facility Increase Date (including all such fees described in the Fee Letters).

More Definitions of Facility Increase Date

Facility Increase Date has the meaning assigned to such term in Section 2.01(c). “Fair Market Value” means, with respect to real or immovable property of any Person, the fair market value thereof as determined in the most recent appraisal received by the Administrative Agent in accordance with the terms hereof, which appraisal shall be performed in a manner reasonably acceptable to the Administrative Agent by an appraiser reasonably acceptable to the Administrative Agent. “FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof and any agreement entered into pursuant to Section 1471(b)(1) of the Code.. “Federal Funds Effective Rate” means, for any day, the weighted average (rounded upwards, if necessary, to the next 1/100 of 1%) of the rates on overnight Federal funds transactions with members of the Federal Reserve System on such date, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average (rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received by the Administrative Agent from three Federal funds brokers of recognized standing selected by it. “Fee Letter” means collectively (i) that certain fee letter between Administrative Borrower and the Administrative Agent dated as of September 20, 2014, and (ii) that certain fee letter between Borrower and the Administrative Agent dated as of May 10, 2013. “Financial Officer” means, with respect to any Person, the chief financial officer, principal accounting officer, treasurer or controller of such Person. “Fiscal Quarter” means a fiscal quarter of the Borrowers and their Subsidiaries ending on the last day of the calendar months of March, June, September and December of each calendar year.

Facility Increase Date shall have the meaning provided in Section 1.15(b).

Facility Increase Date means the date on which a Facility Increase Event occurs.

Facility Increase Date means any date that the Facility Amount is increased pursuant to Section 2.3(b).

Facility Increase Date has the meaning specified in Section 2.22(a).“Existing Overadvance” is defined in Section 2.11(d).