Examples of Incremental Funding Date in a sentence
The obligation of the Escrow Agent to fund the Escrowed Amounts to the applicable Co-Borrower (or to the Person designated by such Co-Borrower to receive such Escrowed Amounts pursuant to Section 2.21) on the Aleris Incremental Funding Date shall be subject to, and to the satisfaction of, each of the conditions precedent set forth in Section 6 of the Aleris Increase Joinder Amendment and to compliance with the escrow terms set forth in Section 2.21.
On March 11th 2016, Grupa PEP – Farma Wiatrowa 4 Sp. z o.o. (“FW4”) executed an annex with Bank Ochrony Środowiska S.A. to shorten the term of the VAT financing facility as it no longer had to finance VAT from external financing sources.On March 17th 2016, Polenergia Biomasa Energetyczna Północ Sp. z o.o. (“POLBEPN”) fulfilled the conditions precedent and thus the overdraft facility agreement executed on September 24th 2015 became effective.
As of the Closing Date and each Incremental Funding Date, the Transferor Interest is not less than the Minimum Transferor Interest and the aggregate amount of Principal Receivables is not less than the Required Minimum Principal Balance.
The 2017 Rook Incremental Term B Loan Commitments shall automatically terminate upon the earlier of (x) the making of the applicable 2017 Rook Incremental Term B Loans thereunder on the 2017 Rook Incremental Funding Date and (y) September 1, 2017.
In connection with this Agreement as amended and restated on the Incremental Funding Date, Borrower has delivered to Lenders a completed certificate signed by Borrower entitled “Perfection Certificate” (the “Perfection Certificate”).