Examples of Term C Advance in a sentence
In accordance with Section 4.2 of the Credit Agreement, Borrowers hereby irrevocably request [an Advance] [a Term B Advance] [a Term C Advance] in the amount of $ to be made on , 20 (the “Borrowing Date”), which day is a Business Day.
On the Second Amendment Effective Date, each Revolving Term Lender shall be deemed to have converted a portion of the Revolving Term Loans held bysuch Revolving Term Lender to a Term C Advance hereunder in an amount equal to such Revolving Term Lender’s Term C Commitment Amount.
Each Term C Lender agrees to make a Term C Advance on the terms and conditions as set forth in Section 2.01 of the Second Lien Term Loan Agreement (as in effect on the date hereof); provided that from and after the making of such advance, such Term C Advance shall be deemed to be outstanding under this Agreement.
Such notice of borrowing shall be irrevocable and shall be deemed a representation by the Company that on the Effective Date and after giving effect to the Term C Advance the applicable conditions specified in Article 3 have been and will be satisfied.
Notwithstanding anything in the Loan Documents to the contrary, this Agreement hereby constitutes the Borrower's Notice of Term C Advance, and the date on which Term Loan C is made pursuant to this Agreement shall constitute the Term Loan C Funding Date.