Term B Funding Date definition

Term B Funding Date means the date on which the Term B Lenders make the Term B Loans.
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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 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.

  • 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.

  • 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.

  • 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.