Borrowing Date definition
Examples of Borrowing Date in a sentence
Concurrently with the Borrowing of any Term A-4 Loans on any Borrowing Date, the Term A-4 Commitment of each Term A-4 Lender will be permanently reduced on a dollar-for-dollar basis by the principal amount of Term A-4 Loans made by such Term A-4 Lender on such Borrowing Date.
Concurrently with the Borrowing of any Term A-2 Loans on any Borrowing Date, the Term A-2 Commitment of each Term A-2 Lender will be permanently reduced on a dollar-for-dollar basis by the principal amount of Term A-2 Loans made by such Term A-2 Lender on such Borrowing Date.
If such ▇▇▇▇▇▇’s share of such borrowing is not made available to the Administrative Agent by such Lender within three Business Days after such Borrowing Date, the Administrative Agent shall also be entitled to recover such amount with interest thereon at the rate per annum applicable to ABR Loans under the Facility, on demand, from the Company or the relevant Subsidiary Borrower.