Funding Direction Letter definition

Funding Direction Letter means that certain letter dated as of the Closing Date by Borrower to Agent pertaining to the disbursement of Loan proceeds to be made on the Closing Date.
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Funding Direction Letter means that certain Letter of Direction, dated on or prior to the Closing Date, by the Borrower to the Administrative Agent, pursuant to which the Borrower directs the Administrative Agent to distribute the net proceeds of the Closing Date Loans in accordance with the Funds Flow attached thereto.
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Funding Direction Letter means the written request for the Term Loan as identified in Section 3.1.2(o) hereof.
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Examples of Funding Direction Letter in a sentence

  • Until paid in full, and subject to Sections 2.5(c) and 2.11 hereof, each Loan Portion shall bear interest at an interest rate (an “Applicable Interest Rate”) which shall be a LIBOR Rate or the Base Rate as provided in this Loan Agreement, or, with respect to Initial Disbursement, the rate set forth in the Funding Direction Letter for the period commencing on the Closing Date and ending on but not including the date set forth in the Funding Direction Letter.

  • On the Closing Date, Lenders shall advance the Loan to Borrower severally in accordance with their respective Commitments, to be disbursed in accordance with the Funding Direction Letter.

  • On the Closing Date, Lenders shall advance the Initial Disbursement to Borrower severally in accordance with their respective Commitments, to be disbursed in accordance with the Funding Direction Letter.


More Definitions of Funding Direction Letter

Funding Direction Letter means that certain letter agreement regarding disbursement of the Loan executed by Borrower effective as of the date hereof.
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Related to Funding Direction Letter

  • Special Instruction Form means a standardized form prescribed by the Management Company to be duly filled by the investor to change his/her particulars and will be stated in this Offering Document.

  • Representation Letter Letters to, or agreements with, the Depository to effectuate a book entry system with respect to the Class A Certificates registered in the Register under the nominee name of the Depository.