First Incremental Effective Date definition
Examples of First Incremental Effective Date in a sentence
On the First Incremental Effective Date (after giving effect to the funding of the Term B-1 Loans to be made on such date), the Term B-1 Loan Commitments of each Lender as of the First Incremental Effective Date will terminate.
On the First Incremental Effective Date (after giving effect to the funding of the Super-Priority Term B Loans to be made on such date), the Super-Priority Term B Loan Commitments of each Lender as of the First Incremental Effective Date will terminate.
Subject to the terms and conditions set forth herein, each Lender severally agrees to make a single loan (the “First Incremental Term Loan”) to the Borrower, in Dollars, on the First Incremental Effective Date in an amount not to exceed such ▇▇▇▇▇▇’s First Incremental Term Commitment.
Promptly, but in any event within two (2) Business Days after the First Incremental Effective Date, the Parent Borrower shall pay, or cause to be paid, the fees to the Australian Incremental Revolving Lender, as documented in a separate fee letter by and between the Parent Borrower and the Australian Incremental Revolving Lender.
It is understood that all new Revolving Loans made on the First Incremental Effective Date in accordance with the immediately preceding proviso shall be proportionately added to each then outstanding Borrowing, so the each Revolving Lender will have outstanding Revolving Loans comprising each Borrowing in an amount equal to its Revolving Facility Percentage thereof.