First Restatement Effective Date definition
Examples of First Restatement Effective Date in a sentence
Notwithstanding the foregoing, no Lender shall be entitled to receive a Note on the First Restatement Effective Date if on such date it has not returned to the Lead Borrower the original notes (unless such L▇▇▇▇▇ has made other arrangements reasonably satisfactory to the Lead Borrower), if any, issued to such Lender as a lender under the Existing Credit Agreement.
At any time after the First Restatement Effective Date, Holdings may elect to apply IFRS in lieu of GAAP and, upon any such election, references herein to GAAP shall thereafter be construed to mean IFRS; provided that any calculation or determination in this Agreement that requires the application of GAAP for periods that include fiscal quarters ended prior to Holding’s election to apply IFRS shall remain as previously calculated or determined in accordance with GAAP.
The Administrative Agent shall notify the Lead Borrower and the Lenders of the First Restatement Effective Date, and such notice shall be conclusive and binding.
Solely for purposes of this Section 2.16(h), “FATCA” shall include any amendments made to FATCA after the First Restatement Effective Date.
On the First Restatement Effective Date, each letter of credit listed on Schedule 2.5(l), to the extent outstanding, shall be automatically and without further action by the parties thereto (and without payment of any fees otherwise due upon the issuance of a Letter of Credit) deemed converted into Letters of Credit issued pursuant to this Section 2.5 and subject to the provisions hereof.