First Refinancing Amendment Effective Date definition

First Refinancing Amendment Effective Date has the meaning assigned thereto in the First Refinancing Amendment.

First Refinancing Amendment Effective Date means August 13, 2018.

First Refinancing Amendment Effective Date appearing in clause (1) thereof and inserting the text “Second Refinancing Amendment Effective Date” in lieu thereof.

Examples of First Refinancing Amendment Effective Date in a sentence

• The parties hereto acknowledge and agree that the amendment of the Credit Agreement pursuant to this Amendment and all other Loan Documents amended and/or executed and delivered in connection herewith shall not constitute a novation of the Credit Agreement and the other Loan Documents as in effect prior to the First Refinancing Amendment Effective Date.

• The Administrative Agent shall notify the Borrower, the Term B Lenders and the other Lenders of the First Refinancing Amendment Effective Date and such notice shall be conclusive and binding.

• The Borrower shall, on the First Refinancing Amendment Effective Date, pay to the Administrative Agent, for the accounts of the Persons that are Term Lenders immediately prior to the First Refinancing Amendment Effective Date, all interest and fees accrued to the First Refinancing Amendment Effective Date with respect to the Original Term Loans, whether or not such Original Term Loans are converted pursuant to Section 1.02(a) or (b) of this First Refinancing Amendment.

• The Administrative Agent shall notify the Borrowers, the Term B Lenders and the other Lenders of the First Refinancing Amendment Effective Date and such notice shall be conclusive and binding.

• The Term Loan B Administrative Agent shall notify the Borrowers, the New Term B Lenders and the other Lenders of the First Refinancing Amendment Effective Date and such notice shall be conclusive and binding.

• Each party hereto acknowledges and agrees that notwithstanding any such Conversion, each such Continuing Term B-1 Lender shall be entitled to receive payment on the First Refinancing Amendment Effective Date of the unpaid fees and interest accrued to such date, and any amounts payable pursuant to Section 2.05(a)(iii) and Section 3.05 of the Credit Agreement, with respect to all of its Original Term B Loans.

• The Administrative Agent shall notify the Borrower and the 2018 Other Term Lenders of the First Refinancing Amendment Effective Date, and such notice shall be conclusive and binding.

• Each party hereto acknowledges and agrees that notwithstanding any such Conversion, each such Continuing Term A-1 Lender shall be entitled to receive payment on the First Refinancing Amendment Effective Date of the unpaid fees and interest accrued to such date, and any amounts payable pursuant to Section 3.05 of the Credit Agreement, with respect to all of its Original Term A Loans.

• The Administrative Agent shall notify the Borrower, the Replacement Term Lenders and the other Lenders of the First Refinancing Amendment Effective Date and such notice shall be conclusive and binding.

• Overinvestment does not depend only on a possibly reduced reinvestment rate but also on the internally generated cash flow.A reduction in the systematic risk is effectively identified by Grullon and Michaely during the three year period following the repurchase.