Examples of Reborrowing Loan in a sentence
It is expressly understood and agreed that, notwithstanding anything to the contrary in any Credit Document, all of the conditions for the making or repayment of Reborrowing Loans that are specified in this Agreement or any of the Credit Agreement, the 1996 Master Lease or the other Credit Documents must be satisfied before any 1996 Lender has any obligation to fund its respective share of the relevant Reborrowing Loan.
The proceeds of any Term Reborrowing Loan shall be used solely to pay Earnout Consideration due, owing and permitted to be paid by the Borrowers pursuant to Section 11.3(v) at the time that such Term Reborrowing Loan is made and for no other purpose.
Borrower may request a Reborrowing Loan hereunder in accordance with Section 3.15(b)(iv) of the Facilities Agreement.
Not later than 2:00 P.M. (New York time) on the proposed date of a Reborrowing Loan specified in the Reborrowing Request, subject to the satisfaction of the applicable conditions precedent set forth herein and in the Facilities Agreement, Lessor shall make the proceeds of each Reborrowing Loan available to the Lessee in immediately available funds equal to the principal amount of such Reborrowing Loan to be credited to the account of Lessee.
Each Reborrowing Request shall constitute a deemed representation and warranty by the Company that the conditions contained in each of the Credit Documents to the making of such a Reborrowing Loan have been satisfied.
The entire unpaid Reborrowing Loan shall be immediately due and payable in full in immediately available funds on the first to occur of the Maturity Date and the Reborrowing Availability Termination Date.
Each such notice shall be effective upon receipt by the Administrative Agent, shall be irrevocable, and shall specify the date (which in the case of a Term Reborrowing Loan shall be a Permitted TR Date and in all other cases must be a Business Day), amount and type of borrowing and, in the case of a LIBOR borrowing, the initial Interest Period therefor.