Facilities Increase Effective Date definition
Examples of Facilities Increase Effective Date in a sentence
In the event that additional Term Loans are funded on any Facilities Increase Effective Date, the amount opposite each installment date set forth above occurring after such Facilities Increase Effective Date shall be increased by an amount equal to (i) the amount of the Term Loans funded on such Facilities Increase Effective Date divided by (ii) the number of scheduled installment dates remaining after such Facilities Increase Effective Date.
On the effective date provided for in the Assumption Agreements providing for a Facilities Increase (each a "Facilities Increase Effective Date"), the Revolving Credit Commitments and the Term Loan Commitments will be increased by the amount committed to by each Lender or Eligible Assignee on the Facilities Increase Date.
New Loans) are increased so that the applicable Weighted Average Yield applicable to all such Loans following the applicable Facilities Increase Effective Date is at least equal to the Weighted Average Yield applicable to such New Loans.
The Notice of Borrowing shall specify (A) the applicable Facilities Increase Effective Date, (B) the aggregate amount of such proposed Term Loan Borrowing, (C) whether any portion of the proposed Term Loan Borrowing will be of Base Rate Loans or Eurocurrency Rate Loans, and (D) the initial Interest Period or Periods for any such Eurocurrency Rate Loans.
On the effective date provided for in the Assumption Agreements providing for a Facilities Increase (each a "Facilities Increase Effective Date"), the Revolving Credit Commitments and the Term Loans will be increased by the amount committed or Term Loan made, as the case may be, by each Lender or Eligible Assignee on the Facilities Increase Date.
The Notice of Borrowing shall specify (A) the Effective Date or the applicable Facilities Increase Effective Date, (B) the aggregate amount of such proposed Term Loan Borrowing, (C) whether any portion of the proposed Term Loan Borrowing will be of Base Rate Loans or Eurocurrency Rate Loans, and (D) the initial Interest Period or Periods for any such Eurocurrency Rate Loans.
On the terms and subject to the conditions contained in this Agreement, each Term Loan Lender severally agrees to make a loan (each a "Term Loan") to the Borrowers in Dollars on the Effective Date and, if applicable, on each Facilities Increase Effective Date, in an amount not to exceed such Lender's Term Loan Commitment in effect on such date.