Additional Loan Advance Date definition
Examples of Additional Loan Advance Date in a sentence
Each Lender shall, subject to the continued satisfaction of the conditions set forth in Section 4.03, advance an amount equal to its Pro Rata Share of such Additional Loan to the Special Controlled Account not later than 3:00 p.m. (New York City time) on the Additional Loan Advance Date.
Subject to satisfaction of the applicable conditions set forth in Article V for such borrowing, the Administrative Agent will make the proceeds of such borrowing available to the Borrower in Dollars, in immediately available funds, on the Effective Date and on each Additional Loan Advance Date, as applicable.
Borrower shall deliver to Administrative Agent a fully executed Additional Loan Notice no later than 10:00 a.m. (New York City time) on the date that is at least one (1) Business Day prior to the Additional Loan Advance Date.
The Commitment of any Lender which has agreed to make an Additional Loan shall terminate immediately when such Additional Loan is made by such Lender on the applicable Additional Loan Advance Date.
In the event that certain Lenders have agreed to make Additional Loans to the Borrower, subject to the terms and conditions of this Agreement (including Section 2.9 hereof), then each such Lender shall make such Additional Loan on the applicable Additional Loan Advance Date.