Term B Funding Date definition

Term B Funding Date means the date on which the Term B Lenders make one or more Term B Loans hereunder.
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Term B Funding Date means the date on which the Term B Loan is funded by the Lenders pursuant to the terms of the Loan and Security Agreement;
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Term B Funding Date means the date on which the Term B Facility is funded pursuant to Section 2.14(e)(iii)(C), which in any event shall not be later than 90 days following the Closing Date.
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Examples of Term B Funding Date in a sentence

  • The Company shall issue a Certificate in respect of the Additional Term A Warrants, the Additional Term B Warrants or the Additional Term C Warrants (as applicable) within 5 Business Days of the Term A Funding Date, the Term B Funding Date or the Term C Funding Date, as applicable.

  • After the making of the New Term B Loans on the New Term B Funding Date, the commitments of the Lenders to make New Term B Loans shall be deemed to be zero.

  • No Default or Event of Default shall exist, or would result from such proposed Credit Extension or from the application of the proceeds thereof; provided that, with respect to a Request for Credit Extension for Term B Loans, the foregoing condition in this clause (b) shall be limited to no Default or Event of Default under Section 8.01(a), 8.01(g), 8.01(h) or 8.01(i) existing as of the Term B Funding Date.

  • The full principal amount of the Term B Loans shall be deemed to be outstanding on the Term B Funding Date and the Borrower shall be obligated to repay 100% of the principal amount of the Term B Loans as provided hereunder and all calculations of interest and fees calculated by reference to the principal amount thereof will be made on the basis of the full stated amount thereof.

  • Subject to the terms and conditions herein and therein, the Term B Loans will be funded on the Term B Funding Date pursuant to an Incremental Amendment in accordance with the provisions set forth in Section 2.14.

Related to Term B Funding Date

  • Delayed Draw Funding Date means the date occurring on or after the Effective Date upon which all of the conditions to funding the Delayed Draw Term Loan set forth in Section 6.02 are satisfied and the Delayed Draw Term Loan is funded.

  • Initial Funding Date means the Funding Date on which the first Loan is made pursuant to this Agreement, as specified in the Initial Borrower Funding Request.

  • Funding Date is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business Day.

  • Term B Maturity Date means January 31, 2025.

  • Term B-2 Loan means the Loan in the amount set forth in Section 2.01(a)(i).

  • Term B Loan Maturity Date means December 7, 2023.

  • Term C Loan is defined in Section 2.2(a)(iii) hereof.

  • Term Loan B Maturity Date means the earliest of (a) May 24, 2014, or (b) such earlier date upon which the Outstanding Amounts under the Term Loan Facility, including all accrued and unpaid interest, are required to be paid in full in accordance with the terms hereof.

  • Term B Loan is defined in Section 2.2(a)(ii) hereof.

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • Initial Borrowing Date means the date occurring on or after the Effective Date on which the initial Borrowing of Loans occurs.

  • Term A-2 Loan means an advance made by any Term A-2 Lender under the Term A-2 Facility.

  • Tranche B Term Loan Maturity Date means October 20, 2016.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Tranche C Term Loan as defined in Section 2.1.

  • Term Loan has the meaning specified in Section 2.01(b).

  • Refunding Date as defined in Section 2.7.

  • Incremental Term Loan Borrowing Date means, with respect to each Class of Incremental Term Loans, each date on which Incremental Term Loans of such Class are incurred pursuant to Section 2.01(b) and as otherwise specified in any amendment providing for Incremental Term Loans in accordance with Section 2.22.

  • Term B Facility means the Term B Loan Commitments and the Term B Loans made hereunder.

  • Term A Loan Maturity Date means July 18, 2024 or, if such date is not a Business Day, the immediately preceding Business Day.

  • Term B-1 Loan means a Loan made pursuant to Section 2.01(a).

  • Term B-1 Loans has the meaning specified in Section 2.01(a)(ii).

  • New Term Loan Maturity Date means the date on which a New Term Loan matures.

  • Closing Date Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Closing Date Term Loan Commitment. The aggregate amount of the Closing Date Term Loan Commitments as of the Closing Date is $820,000,000.

  • Tranche B Term Loan as defined in Section 2.1.

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).