Examples of Effective Date Lenders in a sentence
On the Second Amendment Effective Date, Lenders made an additional term loan to Borrowers in the original aggregate principal amount of $3,647,863.24 (the “Second Amendment Term Loan”; and together with the Original Term Loan, the “Existing Term Loans”).
Subject to the terms and conditions of this Agreement, on, or within ten (10) days after, the Effective Date, Lenders agree, severally and not jointly, to make one (1) Term Loan (the “Initial Term Loan”) available to Borrower in an amount of at least Five Million Dollars ($5,000,000.00), according to each Lender’s pro-rata share of the Term Loan based upon the respective Commitment Percentage of each Lender.
On or before the Restatement Effective Date, Lenders shall have received from Company (i) audited financial statements of Anagram International, Inc.
Notwithstanding anything else to the contrary provided herein, as long as no Event of Default under Sections 9.1, 9.4 or 9.5 is continuing, no Lender (including, without limitation, the First Amended and Restated Effective Date Lenders) shall be permitted to assign any Advances or Subsequent Advance Commitments (and/or the right to issue Subsequent Advance Commitments hereunder) to any Disqualified Person, Non-Funding Lender or an Impacted Lender.
On the Effective Date, Lenders shall have a legal, valid and continuing first preferred ship mortgage (as amended, supplemented or otherwise modified from time to time) over the whole of, and a perfected first lien on and security interest in, the Pool Vessels, and Lenders shall have a perfected first lien on and security interest in the Collateral subject only to Permitted Liens and all taxes, fees and other charges in connection therewith shall have been duly paid.
On the Effective Date, Lenders shall receive their respective Pro Rata Shares (for this purpose, as defined under the Original Agreement) owing by Borrower for the Final Payment (for this purpose, as defined under the Original Agreement) in the aggregate amount of $1,431,000.00, of which: (x) $715,500.00 shall be paid to Oxford, in its capacity as a Lender, and (y) $715,500.00 shall be paid to SVB (collectively, the “Original Agreement Final Payment”).
Prior to the Effective Date, Lenders shall designate one (1) individual to serve on an Oversight Committee after the Effective Date.
Those certain Warrants to Purchase Common Stock issued by the Borrower in an aggregate amount of $7,800,000 shall have been issued to the applicable Second Amendment Effective Date Lenders (or their related funds or affiliates), in each case pursuant to the terms thereof.
On or before the Third Amendment Effective Date, Lenders which will be assigned Tranche C Term Loan Commitments and/or Tranche C Term Loans shall have executed and delivered copies of the Master Assignment Agreement to Administrative Agent.
Whether because of the technological advances employed in each period, the real-time changes in communications or the training given to the ever more professional officers; or a combination thereof.