Incremental Loan Effective Date definition

Incremental Loan Effective Date as defined in Section 2.23.
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Incremental Loan Effective Date means the date, which shall be a Business Day, on or before the Maturity Date, but no earlier than thirty (30) days after any Incremental Notification Date, on which each of the Incremental Lenders make Incremental Loans to the Borrower pursuant to Section 2.5.
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Incremental Loan Effective Date has the meaning set forth in Section 2.20.
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Examples of Incremental Loan Effective Date in a sentence

  • As of the Incremental Loan Effective Date, upon satisfaction or, as applicable, waiver of the conditions set forth in this Section 2.01(c) and Section 5.03 and the making of the Incremental Loans, Administrative Agent shall record the information contained in the Incremental Loan Agreement in the Register and give prompt notice of the Incremental Loan Commitments to Borrowers and the Lenders (including each Incremental Loan Lender).

  • The Commitment of each Lender shall be permanently reduced by the amount of each Loan made by such Lender on the Closing Date, the Second Amendment Date or the Incremental Loan Effective Date, as applicable.

  • If the Incremental Loan Commitments are provided in accordance with this Section 2.01(d), Administrative Agent and Borrowers shall determine the Incremental Loan Effective Date, which date shall be at least 60 days after the Business Day on which Administrative Agent receives the request for the Incremental Loan Facility, and the final allocation of such increase.

  • Such new Note or Notes shall be in an aggregate principal amount equal to the aggregate principal amount of such Commitments, shall be dated as of the Incremental Loan Effective Date and shall otherwise be in substantially the form of the existing Notes.

  • Administrative Agent shall promptly notify Borrowers, the Lenders and the Incremental Loan Lenders of the final allocation of such increase and such Incremental Loan Effective Date.

  • On the Incremental Loan Effective Date (or such other date provided above for in the relevant agreement referred to above) for an Incremental Term Loan Commitment, each relevant Incremental Term Lender shall make an Incremental Term Loan to the Borrower in the amount of such Incremental Term Loan Commitment pursuant to this Section and otherwise in accordance with this Agreement.

  • The Incremental Lenders shall make the Incremental Loans to the Borrower on the Incremental Loan Effective Date in an amount equal to each such Incremental Lender’s commitment in respect of Incremental Loans as agreed upon pursuant to clause (b) above.

  • The Administrative Agent shall have received a favorable written legal opinion (addressed to the Administrative Agent and the Series B Incremental Lenders and dated the Series B Incremental Loan Effective Date) of Special Counsel, substantially in the form of Annex 2 (and the Administrative Agent hereby requests Special Counsel to deliver such opinion).

  • The Administrative Agent shall have received a favorable written legal opinion (addressed to the Administrative Agent and the Series A Incremental Lenders and dated the Series A Incremental Loan Effective Date) of Special Counsel, substantially in the form of Annex 3 (and the Administrative Agent hereby requests Special Counsel to deliver such opinion).

  • Unless previously terminated, the Series A-2 Incremental Commitments shall terminate after the borrowing of the Series A-2 Incremental Loans on the Series A-2 Incremental Loan Effective Date.


More Definitions of Incremental Loan Effective Date

Incremental Loan Effective Date means the date of the Incremental Loan Agreement as
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Related to Incremental Loan Effective Date

  • Commitment Increase Effective Date has the meaning set forth in Section 2.02(b).

  • Incremental Effective Date has the meaning specified in Section 2.15(c).

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Incremental Loan Commitments has the meaning assigned thereto in Section 5.13(a)(ii).

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • Replacement Revolving Facility Effective Date shall have the meaning assigned to such term in Section 2.21(l).

  • Incremental Term Loan Commitments has the meaning set forth in Section 2.24.

  • Incremental Term Commitments has the meaning set forth in Section 2.14(a).

  • Incremental Term A Loans has the meaning specified in Section 2.14(a).

  • Incremental Term Loan Maturity Date means the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Tranche B Term Loans means the Loans made by Lenders to Company pursuant to subsection 2.1A(ii).

  • Incremental Term Loan Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain term loans to one or more Borrowers.

  • Incremental Term Loan Amendment has the meaning assigned to such term in Section 2.20.

  • Closing Date Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Closing Date Term Loan Commitment. The aggregate amount of the Closing Date Term Loan Commitments as of the Closing Date is $820,000,000.

  • Tranche B Term Loan as defined in Section 2.1.

  • Term Loan Commitment Termination Date means with respect to the Tranche B Term Loans, the date which is the earlier to occur of (x) the date which is seven years after the Third Restatement Date and (y) the first date on which all undrawn Term Loan Commitments have been terminated or reduced to zero pursuant to the terms hereof.

  • Delayed Draw Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make Delayed Draw Term Loans to the Borrower in an aggregate principal amount equal to the amount set forth under the heading “Delayed Draw Term Commitment” opposite such Lender’s name on Schedule 2.01. The aggregate amount of the Lenders’ Delayed Draw Term Commitments as of the Fifth Amendment and Restatement Effective Date is $150,000,000.