First Loan Modification Effective Date definition

First Loan Modification Effective Date is the date indicated on the signature page to the First Loan Modification Agreement.
First Loan Modification Effective Date is December , 2011.” 11 The Loan Agreement shall be amended by deleting the following definitions appearing in Section 13.1 thereof:
First Loan Modification Effective Date is February 27, 2017. 4 The Loan Agreement shall be amended by deleting he Compliance Certificate attached as Exhibit B thereto and inserting Exhibit A attached hereto in lieu thereof.

Examples of First Loan Modification Effective Date in a sentence

  • Borrower acknowledges and agrees that, as of the First Loan Modification Effective Date, prior to giving effect to the proceeds of the Term Loan 2011, the outstanding principal amount of the Term Loan is $2,527,777.68.

  • Borrower’s failure to timely fulfill and deliver the Conditions Subsequent to Bank or before the date that is seventy-five (75) days after the First Loan Modification Effective Date (or such later date as Bank shall determine, in its sole discretion), shall constitute an Event of Default under the Loan Agreement.

  • Bank shall make one (1) term loan (the “Term Loan 2014”) available to Borrower in an amount up to Six Million Fifty Thousand Dollars ($6,050,000) (the “Term Loan 2014 Amount”) on the First Loan Modification Effective Date, subject to the satisfaction of the terms and conditions of this Agreement.

  • Finally, our study contributes to both social identity and social information processing theories.

  • This Loan Modification Agreement is executed as a sealed instrument under the laws of the Commonwealth of Massachusetts as of the First Loan Modification Effective Date.


More Definitions of First Loan Modification Effective Date

First Loan Modification Effective Date is February 13, 2013.”
First Loan Modification Effective Date is defined in the preamble of the First Loan Modification Agreement.” 8 The Loan Agreement shall be amended by deleting the following definitions from Section 13.1 thereof, each in its entirety:
First Loan Modification Effective Date is July 25, 2014.
First Loan Modification Effective Date means June __, 2011.
First Loan Modification Effective Date is defined in the preamble to the First Loan Modification Agreement. “Indebtedness” is (a) indebtedness for borrowed money or the deferred price of property or services, such as reimbursement and other obligations for surety bonds and letters of credit, (b) obligations evidenced by notes, bonds, debentures or similar instruments (including, without limitation and without duplication, all seller notes and Subordinated Debt), (c) capital lease obligations, and (d) Contingent Obligations.
First Loan Modification Effective Date is December 22, 2016.
First Loan Modification Effective Date is defined in the preamble to the First Loan Modification Agreement. “Indebtedness” is (a) indebtedness for borrowed money or the deferred price of property or services, such as reimbursement and other obligations for surety bonds and letters of credit, (b) obligations evidenced by notes, bonds, debentures or similar instruments (including, without limitation and without duplication, all seller notes and Subordinated Debt), (c) capital lease obligations, and (d) Contingent Obligations. “Leverage Ratio” is, for any period of measurement, the sum of all of Borrower’s Indebtedness divided by Cash Basis EBITDA. “IP Agreement” is any Intellectual Property Security Agreement executed and delivered by any Borrower or any Guarantor to Bank, including, without limitation, each Intellectual Property Security Agreement executed and delivered by each US Borrower and each Guarantor on the Effective Date and each Intellectual Property Security Agreement executed and delivered by PEINC and PEUSA on the First Loan Modification Effective Date. “Loan Documents” are, collectively, this Agreement, each Debenture, each Share Charge, each Guaranty, each Security Agreement, the Perfection Certificate, each IP Agreement, any note, or notes or guaranties executed by Borrower or any Guarantor, and any other present or future agreement between Borrower any Guarantor and/or for the benefit of Bank in connection with this Agreement, all as amended, restated, or otherwise modified. “Performance Pricing Period” is, provided no Event of Default has occurred and is continuing, the period (i) commencing on the first (1st) day of the month following the Subject Month in which Borrower reports, for such Subject Month that Borrower has maintained its Senior Leverage Ratio in an amount at all times equal to or less than 2.00:1.00, as confirmed by Bank, in good faith (the “Performance Pricing Threshold”); and (ii) terminating on the earlier to occur of (A) the occurrence of a Default or an Event of Default; and (B) the first (1st) day of the month following the Subject Month in which Borrower fails to maintain the Performance Pricing Threshold, as determined by Bank, in its reasonable discretion. Upon the termination of a Performance Pricing Period, Borrower must maintain the Performance Pricing Threshold each consecutive day for a complete Subject Month, as determined by Bank, in good faith, prior to entering into a subsequent Performance Pricing Period. Borrower shall give Bank prior-written ...