Credit Facility Closing definition

Credit Facility Closing means the date on which the documents evidencing and securing the Credit Facility as modified in connection herewith, are executed and delivered to the Administrative Agent.
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Credit Facility Closing means the date on which the documents evidencing and securing the Credit Facility as modified in connection herewith, are executed and delivered to the Administrative Agent. "Credit Facility Committed Amount" means $20,000,000 or such larger amount which the Lenders may from time to time severally commit to lend to the Borrowers pursuant to the terms of Agency Agreement.
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Examples of Credit Facility Closing in a sentence

  • All of the Financing Documents required by the Administrative Agent whether at the Credit Facility Closing or any subsequent Facility Closing shall be executed, delivered and, if deemed necessary by the Administrative Agent, recorded, all at the sole expense of the Borrowers.

  • At the Credit Facility Closing and any Facility Closing the Lenders shall receive a written opinion of counsel for the Borrowers and the Guarantor satisfactory in all respects to the Administrative Agent.

  • The accrued and unpaid portion of the Unused Line Fee shall be paid by the Borrower to the Administrative Agent as of the Credit Facility Closing Date and on the first day of each fiscal quarter and on the Revolving Credit Termination Date.

  • Section 4.1 Conditions Precedent to Credit Facility Closing and Addition of Deeds of Trust.

  • Each Borrower will prepare and file all applicable cost reports to all third-party payors, if any, to the extent required by any such third-party payor and, within thirty (30) days thereafter, notify the Agent of any settlement of any cost report disclosed to the Agent as being open or unsettled as of the Credit Facility Closing Date to the extent any such cost report would have a materially adverse effect on any Borrower.

  • Provided that no Event of Default has occurred and is then continuing, at any time not later than sixty (60) days nor earlier than one hundred twenty (120) days prior to the Revolving Credit Expiration Date or any anniversary of the Credit Facility Closing, the Borrowers may request that the Agent and the Lenders, in their sole discretion, may agree to extend the Revolving Credit Expiration Date one or more times for a period of twelve (12) months each.

  • All of the Financing Documents required by the Agent whether at the Credit Facility Closing or any subsequent Facility Closing shall be executed, delivered and, if deemed necessary by the Agent, recorded, all at the sole expense of the Borrower.

  • The terms and provisions of the Management Agreement shall be fully approved by the Lender prior to the Credit Facility Closing.

  • All of the Financing Documents required by the Agent whether at the Credit Facility Closing or any subsequent Facility Closing shall be executed, delivered and, if deemed necessary by the Agent, recorded, all at the sole expense of the Borrowers.

  • Each Credit Party shall have taken or caused to be taken all actions specified in subsections 4.1B, 4.1C and 4.1L as if such subsections applied as of the Additional Credit Facility Closing Date.