Subsequent Funding Dates definition

Subsequent Funding Dates means the date of funding of each Loan, if any, that occurs after the Closing Date.

Subsequent Funding Dates means any date or dates on which the Lenders fund the Obligations represented by the Notes, the last of such shall occur on or before November 30, 2018 or such later date mutually agreed upon between the Borrowers and the Lender.

Examples of Subsequent Funding Dates in a sentence

• Section 6.5 Effect of Failure to Satisfy Conditions Precedent to Land Interest Acquisition Dates and Subsequent Funding Dates.

• The remaining Loans to be funded on the Subsequent Funding Dates (if any) shall be used for any lawful Business purpose of any Credit Party, including general working capital purposes, in each case, to the extent consistent with the terms of the Credit Documents and Applicable Law.

• Additional Advances may be made on subsequent Business Days (each, a "Subsequent Funding Date", the Subsequent Funding Dates, together with the Initial Funding Date, the "Funding Dates," and, either the Initial Funding Date or a Subsequent Funding Date, a "Funding Date") to the extent the Lender has received prior notice thereof in accordance with the provisions of Section 1.3 hereof and the conditions set forth in Section 4 have been satisfied.

• Subject to the satisfaction of the conditions set forth in Article 3, the Lender shall pay the Purchase Price, in each case pursuant to a written letter of instruction from the Borrowers to the Lender, as follows: (a) on the Initial Funding Date, the Lender shall pay $5,000,000, and (b) on the Subsequent Funding Date(s), the Lender shall pay an aggregate amount equal to $27,000,000.

• Notwithstanding anything else contained in this Agreement, the obligation of the Lender to complete the payment of the remaining portion of the Purchase Price for the Notes, as specified in Section 2.2(b), on the Subsequent Funding Date(s) as contemplated by Article 2, is unconditional and irrevocable.

• The Holder and Borrowers acknowledge that on the Initial Funding Date (as defined in the Securities Purchase Agreement), the Holders have funded an aggregate amount equal to $5,000,000 in payment for the Notes, and that the remaining aggregate principal amount of the Notes, equal to $27,000,000, shall be funded by the Holders on the Subsequent Funding Date(s) (as defined in the Securities Purchase Agreement).