Examples of Incremental Increase Effective Date in a sentence
The Administrative Agent shall promptly notify the Borrower and the Incremental Lenders of the final allocation of such Incremental Increase (limited in the case of the Incremental Lenders to their own respective allocations thereof) and the Incremental Increase Effective Date.
Agents shall promptly notify Borrower and the Incremental Lenders of the final allocation of the Incremental Increases and the Incremental Increase Effective Date.
On each Incremental Increase Effective Date, the Administrative Agent shall distribute to the Borrower and the Lenders (including each Additional Lender) a revised Schedule 1.1(a) that shall amend and restate and supersede and replace Schedule 1.1(a) to this Agreement as in effect immediately prior to such Incremental Increase Effective Date.
On the Incremental Increase Effective Date, each Assignee Lender shall pay to each Assignor Lender for its Assigned Interest an amount equal to 100% of the principal amount of outstanding Loans assigned by such Assignor Lender to such Assignee Lender pursuant to the preceding sentence.
On (a) the Closing Date, (b) the Incremental Increase Effective Date and (c) the date upon the consummation of any Permitted Disposition located in a Core State, in each case, the greater of (i) cost basis or (ii) appraised value of the Real Property deemed Collateral under the Loan Documents shall at all times (including with respect to the Incremental Increase on a pro forma basis) be equal to or greater than the Outstanding Amount.
The Incremental Increase Effective Date for the Incremental Increase shall be deemed to be the date on which all the conditions precedent in Section 4 are satisfied.
Any Mortgage Loan Lender may request a Mortgage Loan Note or a revised Mortgage Loan Note upon the funding of any Mortgage Loans on the Incremental Increase Effective Date in respect of a Mortgage Loan Increase.