Refinancing Effective Date Clause Samples
The "Refinancing Effective Date" clause defines the specific date on which the terms and conditions of a refinancing arrangement become operative. In practice, this date marks when the new loan or credit facility replaces the existing debt, and all related obligations, payments, and covenants under the new agreement take effect. By clearly establishing this effective date, the clause ensures both parties are aligned on when the refinancing transition occurs, thereby preventing confusion or disputes regarding the commencement of new financial terms.
Refinancing Effective Date. The Administrative Agent shall notify the Borrower, the Term B Lenders and the other Lenders of the First Refinancing Amendment Effective Date and such notice shall be conclusive and binding. Notwithstanding the foregoing, the amendment effected hereby shall not become effective and the obligations of the Term B Lenders hereunder to make Term B Loans will automatically terminate, if each of the conditions set forth or referred to in Sections 1.02(e) and 1.04 hereof has not been satisfied at or prior to 5:00 p.m., New York City time, on February 21, 2017
Refinancing Effective Date. If an Election Processing Completion Notice is received by FFB at least 5 Business Days prior to the Requested Effective Date specified by the Borrower in the respective Election Notice, and all of the other conditions that apply to making such Refinancing Election are satisfied, then the refinancing shall become effective, and the terms of Part III of this Retained Indebtedness Note shall begin to govern the respective Retained Part I Advance Portion, on such Requested Effective Date (in such event, the Requested Effective Date being the "Refinancing Effective Date"). If an Election Processing Completion Notice is not received by FFB at least 5 Business Days prior to the respective Requested Effective Date, but all of the other conditions that apply to making such Refinancing Election are satisfied, then the refinancing shall become effective, and the terms of Part III of this Retained Indebtedness Note shall begin to govern the respective Retained Advance Portion, on the fifth Business Day after the day on which FFB receives such Election Processing Completion Notice (in such event, the fifth Business Day after the day on which FFB receives such Election Processing Completion Notice being the "Refinancing Effective Date"); provided that the Borrower shall have tendered to FFB, in addition to the payment required under subparagraph (d) of paragraph 9 of this Part I, the interest accrued from the Requested Effective Date through such Refinancing Effective Date.
Refinancing Effective Date. The funding of and the effectiveness of the Tranche G Term Loans as set forth in Section I above is subject to the satisfaction of all of the following conditions precedent (the date of satisfaction of such conditions being referred to herein as the “Refinancing Effective Date”):
Refinancing Effective Date loans and advances to, and guarantees of Indebtedness of, employees of UK Holdco (or any of its direct or indirect parent companies) or a Restricted Subsidiary not in excess of the greater of $20,000,00078,000,000 and 7% of Consolidated EBITDA as of the most recently ended Reference Period outstanding at any one time, in the aggregate;
Refinancing Effective Date. The funding of and the effectiveness of the Initial Term Loans as set forth in Section I above and the funding of and the effectiveness of the Revolving Credit Commitments and any Revolving Credit Loans funded thereunder are subject to the satisfaction of all of the following conditions precedent (the date of satisfaction of such conditions being referred to herein as the “2017 Refinancing Effective Date”):