Term Loan Borrowing Date definition

Term Loan Borrowing Date means the date during the Term Loan Availability Period when (i) the conditions specified in Section 4.01 and 4.04 are satisfied (or waived in accordance with Section 9.02) or (ii) if the Escrow Funding Election has been made by Capri Holdings, the conditions specified in Section 4.01 and 4.03 are satisfied (or waived in accordance with Section 9.02), and, in each case, the Borrowing of Term Loans under the Term Loan Facility occurs.

Term Loan Borrowing Date is defined in Section 2.1(b).

Term Loan Borrowing Date shall have the meaning given such term in Section 2.5.

Examples of Term Loan Borrowing Date in a sentence

• Notwithstanding the foregoing, if the applicable Additional Term Commitment in respect of any Incremental Term Loan Borrowing Date is not drawn on such Incremental Term Loan Borrowing Date, the undrawn amount shall automatically be cancelled.

• Each Lender’s Tranche B Term Loan Commitment shall terminate immediately and without further action on the Tranche B Term Loan Borrowing Date after giving effect to the funding of such Lender’s Tranche B Term Loan Commitment on such date.

• Subject to the terms and conditions set forth herein, certain Term Lenders made Initial Term Loans to the Borrower on the Initial Term Loan Borrowing Date.

• The consolidated Product Revenue of the Borrower and its Subsidiaries for the period of four (4) consecutive fiscal quarters ended on the last day of the fiscal quarter before the proposed Tranche B Term Loan Borrowing Date shall be not less than $47,000,000.

• In addition to any other mandatory commitment reductions pursuant to this Section 4.02, the Total Incremental Term Loan Commitment pursuant to an Incremental Term Loan Amendment (and the Incremental Term Loan Commitment of each Lender with such a Commitment) shall terminate in its entirety on the Incremental Term Loan Borrowing Date for such Total Incremental Term Loan Commitment after the funding of all relevant Incremental Term Loans on such date.

More Definitions of Term Loan Borrowing Date

Term Loan Borrowing Date means the date on which the Term Loans are made.

Term Loan Borrowing Date means the date during the Term Loan Availability Period when (i) the conditions specified in Section 4.01 and 4.04 are satisfied (or waived in accordance with Section 9.02) or (ii) if the Escrow Funding Election has been made by MK Holdings, the conditions specified in Section 4.01 and 4.03 are satisfied (or waived in accordance with Section 9.02), and, in each case, the Borrowing of Term Loans under the Term Loan Facility occurs.

Term Loan Borrowing Date as to any Term Loan made pursuant to Section 2.2(a), the Borrowing Date of such Term Loan.

Term Loan Borrowing Date means a date on which the Borrower has borrowed a Term Loan Advance as provided by Section 2.3.

Term Loan Borrowing Date means the Initial Borrowing Date and the Second Term Loan Borrowing Date.

Term Loan Borrowing Date means the date of any Borrowing under the Term Loan Facility.

Term Loan Borrowing Date means and include each of the Initial Term Loan Borrowing Date and such other date upon which a Borrowing of Term Loans occurs hereunder.