Examples of OTF in a sentence
Promptly following satisfaction of such conditions, the Administrative Agent shall notify the Lenders thereof and of the occurrence of the OTF II Merger Commitment Increase Effective Date by facsimile transmission or electronic messaging system.
Notwithstanding that the consummation of the OTF II Merger may be undertaken in discrete steps, the order of such events shall not result in any Default or Event of Default hereunder so long as the Borrower is otherwise in compliance with the terms of this Agreement and the other Loan Documents immediately after the consummation of the OTF II Merger and any Concurrent Transaction.
To the extent that the OTF II Merger has not occurred prior to the first anniversary of the Third Amendment Effective Date, as of the first anniversary of the Third Amendment Effective Date, this Section 2.08(f) shall have no further force and effect and each Lender with an aggregate Commitment of zero on Schedule I shall cease to be a party hereto as a Lender and shall have no further rights or obligations under this Agreement or any other Loan Document.
Upon the occurrence of the OTF II Merger Commitment Increase, the Administrative Agent shall record the related information in the Register and give prompt notice thereof to the Borrower.
For the avoidance of doubt, within thirty (30) days of the OTF II Merger Date (or such longer period as shall be reasonably agreed by the Administrative Agent), the Borrower and any subsidiary of OTF II becoming a Subsidiary of the Borrower substantially concurrently with the OTF II Merger shall have complied with the requirements of this Section 5.08(a) as if it were a new Subsidiary as of the OTF II Merger Date.