Examples of Amendment No. 1 Effective Date in a sentence
Any proceeds of the Tranche B-1 Term Loans shall be applied on the Amendment No. 1 Effective Date to prepay Existing Term Loans of Non-Consenting Lenders and Post-Closing Option Lenders in full.
On or after the Amendment No. 1 Effective Date, this Amendment shall constitute a Loan Document.
Each Borrowing under this Section 2.1 shall be in an aggregate principal amount of at least (i) with respect to the Term Loan Commitments in effect on the Amendment No. 1 Effective Date, $20,000,000, and (ii) otherwise, $10,000,000, or an integral multiple of $500,000 in excess thereof and shall be made from the several Term Loan Banks ratably in proportion to their respective Term Loan Commitments.
On each Interest Payment Date, accrued interest shall be paid entirely in cash; provided that each interest payment made or to be made, as applicable, for the period from and including the Amendment No. 1 Effective Date to but excluding the date of the occurrence of the SPAC Transaction, may, at the option of the Issuer, be paid in kind by capitalizing and adding such accrued interest to the principal of the Notes.
On the Amendment No. 1 Effective Date, no Event of Default shall exist immediately after giving effect to this Amendment.