Examples of First Increase Effective Date in a sentence
On the First Increase Effective Date, Borrowers paid an upfront fee to each Lender then party to this Agreement in an amount equal to the Upfront Fee Percentage multiplied by the First Incremental Commitment of such Lender (the “First Incremental Facility Upfront Fee”).
As of the date hereof, the Closing Date, the First Increase Effective Date, the Second Increase Effective Date, the Third Amendment Effective Date, the Fourth Amendment Effective Date, and any date on which a Borrower delivers a Borrowing Notice, none of the Borrowers or their Affiliates is in possession of any Material Nonpublic Information with respect to an Issuer or the Shares of such Issuer that could have a material adverse effect on such Issuer or such Shares.
In addition, prior to the First Increase Effective Date, at the Borrower’s option, the Additional Lenders’ commitments in respect of the Increase may be reduced on a pro rata basis as among the Additional Lender based on the respective amount of the Increase to be provided by each Additional Lender.
On First Increase Effective Date, Borrowers shall pay an upfront fee to each Lender in an amount equal to the Upfront Fee Percentage multiplied by the First Incremental Commitment (the “First Incremental Facility Upfront Fee”).
For the avoidance of doubt, each Term Loan Repayment Amount with respect to any Term Loan Repayment Date occurring after the First Increase Effective Date shall be increased in accordance with Section 2.20(b) on the First Increase Effective Date to 1.25% of the aggregate principal amount of Initial Term Loans outstanding immediately following the funding of the First Increase Initial Term Loans.