Second Disbursement Date definition
Examples of Second Disbursement Date in a sentence
The Borrowing of Term Loans on the Second Disbursement Date shall be deemed to be a representation and warranty by the Borrower that each of such representations and warranties is, to the Actual Knowledge of the Borrower, after due inquiry, true and correct as of the date of such Borrowing.
The Borrower shall have entered into Lender Hedging Agreements satisfactory to the Administrative Agent, which agreements shall provide coverage in a notional amount equal to at least 75% of the Loans to be advanced on the Second Disbursement Date and for a duration of at least five (5) years from the Second Disbursement Date.
The Administrative Agent shall have received a favorable written opinion, addressed to the Administrative Agent, the Collateral Agent, the Issuing Bank and each Lender, dated the Second Disbursement Date and in customary form and substance satisfactory to the Administrative Agent with respect to each additional Loan Party who has become a Subsidiary subsequent to the Initial Disbursement Date and such matters as the Administrative Agent may reasonably request.
To the extent that the information in any such disclosure is deemed by the Administrative Agent in its reasonable judgment to be material, such information must be approved by the Required Lenders prior to the Second Disbursement Date.
The representations and warranties contained in Article 3 hereof shall be true on the Second Disbursement Date with the same effect as if made on and as of such date.
Maintain in good standing all licenses required by any Governmental Authority that may be necessary or required for the Company and its Subsidiaries to carry on their respective businesses, where the failure to maintain such licenses would have a Material Adverse Effect on the Company and its Subsidiaries taken as a whole (or, after the Second Disbursement Date, as to each LLC individually).