Examples of Ninth Amendment Closing Date in a sentence
The Outstanding Balance of all Loan Assets (other than Warranty Loan Assets) transferred pursuant to Section 2.07(e) or substituted pursuant to Section 2.07(a) during the 12-month period immediately preceding the proposed date of sale does not exceed 20% (or, during any such period from and after the Ninth Amendment Closing Date, 25%) of the Maximum Facility Amount.
The Non-Usage Fee Rate (the “Non-Usage Fee Rate”) shall be, from and after the Ninth Amendment Closing Date, (x) 0.50% on any Unused Portion up to or equal to an amount equal to 25% of the Maximum Facility Amount and (y) 2.00% on any Unused Portion in excess of such amount equal to 25% of the Maximum Facility Amount.
The full amount of the 2024 Incremental Loans shall be drawn by the Borrower in a single drawing on the Ninth Amendment Closing Date and amounts paid or prepaid in respect of the 2024 Incremental Loans may not be reborrowed.
Subject to the fulfilment of the conditions precedent set out in section 3.1 above and with effect from the Ninth Amendment Closing Date, the Facility Agreement is hereby amended as expressly set out in this Ninth Amendment above.
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