Incremental Facilities Closing Date definition

Incremental Facilities Closing Date the date on which all of the conditions set forth in Section 6 of the Incremental Facilities Agreement are satisfied.
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Examples of Incremental Facilities Closing Date in a sentence

  • Subject to the terms and conditions set forth in the Incremental Facilities Agreement, not later than 12:00 Noon, New York City time, on the Incremental Facilities Closing Date, each Tranche A Term Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Tranche A Term Loan or Tranche A Term Loans to be made by such Lender.

  • The proceeds of the Tranche A Term Loans made after the Incremental Facilities Closing Date pursuant to an Incremental Commitment Agreement shall be used only (i) to repay the existing Term Loans and (ii) to pay related costs and expenses.

  • The proceeds of the Tranche A Term Loans made on the Incremental Facilities Closing Date shall be used only (i) to pay a portion of the consideration for the Avis Europe Acquisition, (ii) to refinance existing Indebtedness of Avis Europe and its Subsidiaries in connection with the Avis Europe Acquisition and (iii) to pay costs and expenses related to the Avis Europe Acquisition and the Incremental Facilities Agreement.

  • The proceeds of the Tranche A Term Loans made on the Incremental Facilities Closing Date and the Tranche B Term Loans shall be used only (i) to pay a portion of the consideration for the Avis Europe Acquisition, (ii) to refinance existing Indebtedness of Avis Europe and its Subsidiaries in connection with the Avis Europe Acquisition and (iii) to pay costs and expenses related to the Avis Europe Acquisition and the Incremental Facilities Agreement.

  • Subject to the terms and conditions set forth herein, the Tranche A Term Lender agrees to make the Tranche A Term Loan to the Borrower on the Incremental Facilities Closing Date in a principal amount equal to the amount set forth under the heading “Tranche A Term Commitment” opposite such Lender’s name on Annex II hereto.

  • This Agreement may not be amended nor may any provision hereof be waived on or prior to the Incremental Facilities Closing Date except pursuant to a writing signed by the Borrower, Holdings, the Administrative Agent, the Incremental Facilities Arrangers and the Incremental Lenders and thereafter, except as provided for in Section 10.1 of the Credit Agreement.