Examples of Outside Funding Date in a sentence
Accrued Ticking Fees shall be payable in arrears (i) on the last Business Day of each month, commencing on September 29, 2023, and (ii) on the earlier to occur of (i) the Funding Date and (ii) the Outside Funding Date.
In the event the Outside Funding Date is extended, the obligation to continue to pay a commitment fee on the unused portion of the Commitment shall be likewise extended.
In the event that Lessee desires to terminate its right to obtain Advances hereunder prior to the Outside Funding Date, Agent and Trustee agree to enter into an amendment to this Agreement and the other Transaction Documents as necessary to terminate the obligation of the Purchasers to advance the unused portion of the Commitment, and after such termination no further commitment fees shall be due.
Notwithstanding the foregoing, Lender shall not be released from the obligation to make Subsequent Advances hereunder, nor shall such obligation be reduced or diminished, prior to the Outside Funding Date.
Upon the Term Loan Outside Funding Date, any remaining undrawn Term B Loan Commitments shall be terminated automatically as provided in Section 2.1 above and no further Unused Term B Fees shall accrue after such date.