Funding Direction Letter definition

Funding Direction Letter means that certain Funding Direction Letter dated as of the Closing Date from Borrower to Agent.
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Funding Direction Letter means that certain Letter of Direction, dated on or prior to the Closing Date, by the Borrower to the Administrative Agent, pursuant to which the Borrower directs the Administrative Agent to distribute the net proceeds of the Closing Date Loans in accordance with the Funds Flow attached thereto.
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Funding Direction Letter means the written request for the Term Loan as identified in Section 3.1.2(o) hereof.
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Examples of Funding Direction Letter in a sentence

  • If applicable, the Agent shall have received a Funding Direction Letter dated as of the Agreement Date, by the Borrower to the Agent with respect to the distribution of the proceeds of the Loans and the other sources and uses of funds occurring on the Agreement Date.

  • Until paid in full, and subject to Sections 2.5(c) and 2.11 hereof, each Loan Portion shall bear interest at an interest rate (an “Applicable Interest Rate”) which shall be a LIBOR Rate or the Base Rate as provided in this Loan Agreement, or, with respect to Initial Disbursement, the rate set forth in the Funding Direction Letter for the period commencing on the Closing Date and ending on but not including the date set forth in the Funding Direction Letter.

  • On the Closing Date, Lenders shall advance the Initial Disbursement to Borrower severally in accordance with their respective Commitments, to be disbursed in accordance with the Funding Direction Letter.

  • On the Closing Date, Lenders shall advance the Loan to Borrower severally in accordance with their respective Commitments, to be disbursed in accordance with the Funding Direction Letter.


More Definitions of Funding Direction Letter

Funding Direction Letter means that certain letter agreement regarding disbursement of the Loan executed by Borrower effective as of the date hereof.
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Related to Funding Direction Letter

  • Termination Letter has the meaning specified in Section 2.17(b).

  • Representation Letter Letters to, or agreements with, the Depository to effectuate a book entry system with respect to the Class A Certificates registered in the Register under the nominee name of the Depository.