Funding Date definition
Examples of Funding Date in a sentence
In determining with an Advance will cause the Facility Limit to be exceeded: the amount of all Advances repaid on the Funding Date are excluded from the calculation of the Outstanding Accommodation; and the aggregate amount of all other Advances which the Borrower has requested to be made on the same Funding Date are included in that calculation.
Each Lender shall make the amount of such ▇▇▇▇▇▇’s Pro Rata Share of the requested Loan available to Agent in immediately available funds, to Agent’s Account, not later than 1:00 p.m. New York City time on the Funding Date applicable thereto.
The Borrower will have, at the end of each of its fiscal quarters (commencing with the first fiscal quarter end date occurring after the Funding Date), a Consolidated Capitalization Ratio of not more than seventy percent (70%).
The failure of any Lender to make any Loan on any Funding Date shall not relieve any other Lender of any obligation hereunder to make a Loan on such Funding Date, but no Lender shall be responsible for the failure of any other Lender to make the Loan to be made by such other Lender on any Funding Date.
In determining whether the Aggregate Amount of a Drawing will cause the Facility Limit to be exceeded: the Face Value of all Bank Guarantees under a Facility which will mature on the Funding Date for the relevant Drawing are excluded from the calculation of the Outstanding Accommodation; and the Aggregate Amount of all other Drawings which the Borrower has requested to be made under the same Facility and on the same Funding Date are included in that calculation.