Examples of Funding Effective Date in a sentence
The term "Funding Effective Date" means the date that coincides with the earliest Participation Date with respect to the Employer Plan.
The term "Old Plan Takeover Loan" means a loan which was established under the Employer Plan before the Funding Effective Date, which has been transferred to this Contract as an Active Loan, but which is not a Predecessor Contract Takeover Loan.
On the Funding Effective Date, and pursuant to the Commitment Letter, each Initial Lender, severally and not jointly, agrees to deposit its Agreed Commitment Amount, net of the Upfront Fee (as defined in the Fee Letter) by wire transfer of immediately available funds, in the account designated by the Escrow Agent and listed on Schedule 1 hereto (the “Escrow Account”).
The representations and warranties of the Borrowers and Guarantors contained in the Facility Documentation shall be true and correct in all material respects (except that such materiality qualifier shall not be applicable to any representations and warranties that are already qualified or modified by materiality in the text thereof) on the Funding Effective Date.
All accrued costs and expenses (including, without limitation, reasonable and documented legal fees and out-of-pocket expenses) and other compensation due and payable to the Administrative Agent, and the Initial Lenders and required by the Commitment Letter or the Fee Letter to be paid on the Funding Effective Date shall have been paid.