Second Draw Date definition
Examples of Second Draw Date in a sentence
In addition, on the Second Draw Date, after giving effect to the second Borrowing, all Unused Commitments shall terminate.
As of the date of this Agreement and as of the Second Draw Date, the representations and warranties of Lender set forth in this Agreement shall be true and correct in all respects on and as of such date, in each case to the same extent as though made on and as of that date.
Each of the parties hereto agrees that neither the Security Agreement nor, prior to the amendment and restatement of the Security Agreement on the Second Draw Date, any other Collateral Document shall be amended, modified or otherwise supplemented, nor shall any waiver or consent to departure therefrom be effective unless such amendment, modification, supplement or consent is effected in accordance with the terms of Section 9.02 of the Security Agreement.
Such Borrowing shall occur on or prior to March 29, 2017 and after the Second Draw Date.
If such corresponding amount is not in fact made available to the Administrative Agent by such Lender, the Administrative Agent shall be entitled to recover such corresponding amount on demand from such Lender together with interest thereon, for each day from the Effective Date, Second Draw Date or Increased Amount Date, as applicable, until the date such amount is paid to the Administrative Agent, at the customary rate set by the Administrative Agent for the correction of errors among banks.