Incremental Facility Effective Date definition

Incremental Facility Effective Date has the meaning specified in Section 2.15(c).

Incremental Facility Effective Date has the meaning assigned to such term in Section 2.08(c)(vi).

Incremental Facility Effective Date means, with respect to any Incremental Facility Amendment, the effective date of such Incremental Facility Amendment.

Examples of Incremental Facility Effective Date in a sentence

• The Administrative Agent shall promptly notify the Borrower and the Lenders of the principal amount of the Incremental Facility and the Incremental Facility Effective Date.

• In the case of an Incremental Revolving Credit Facility, the Borrower shall prepay any Revolving Credit Advances outstanding on the Incremental Facility Effective Date (and pay any additional amounts required pursuant to Section 8.04(c)) to the extent necessary to keep the outstanding Revolving Credit Advances ratable with any revised Pro Rata Shares arising from any nonratable increase in the Revolving Credit Commitments under this Section.

• The Administrative Agent shall promptly notify the Borrower and the Revolving Lenders and the New Lenders of the final allocation of such increase and the Incremental Facility Effective Date.

• The Paying Agent shall promptly notify the Borrower and the Appropriate Lenders (including Eligible Assignees that become Lenders in accordance with clause (c) above) of the final allocation of such Incremental Facility and the Incremental Facility Effective Date.

• The Administrative Agent shall promptly notify the Company and the appropriate Lenders (including Eligible Assignees that become Lenders in accordance with clause (c) above) of the final allocation of such Incremental Facility and the Incremental Facility Effective Date.

More Definitions of Incremental Facility Effective Date

Incremental Facility Effective Date. Section 2.6(b)

Incremental Facility Effective Date each date, which shall be a Business Day, designated as such in an Incremental Facility Activation Notice, which shall be the date on which an Incremental Term Loan is to be made or the first day of any Incremental Revolving Loan Commitment Period, as the case may be.

Incremental Facility Effective Date means the date on which the conditions precedent set forth in Section 3.2 shall have been satisfied.

Incremental Facility Effective Date. (a) the Administrative Agent (or its counsel) shall have received counterparts of this Agreement that, when taken together, bear the signatures of (1) the Borrower, (2) each Guarantor and (3) each Incremental Term Loan Lender;

Incremental Facility Effective Date is defined in Section 2.9.2.

Incremental Facility Effective Date. (i) no Default or Event of Default shall have occurred and be continuing or result from such Incremental Facility and/or the Incremental Loans made pursuant to such Incremental Facility; (ii) after giving effect to all Incremental Loans made under such Incremental Facility of the applicable Incremental Facility Effective Date, the Borrower will be in compliance on a pro forma basis with the provisions of Section 7.1(a) and Section 7.1(b) (determined as of the last day of the most recent fiscal quarter for which financial statements are required to be delivered under Section 6.1(a) or Section 6.1(b) as if such Incremental Loans had been funded and the application of such proceeds had occurred on such last day); (iii) the terms of such Incremental Facility and the applicable Incremental Loans are in compliance with Section 2.8(c) below; (iv) the Borrower shall have received all approvals from all applicable Governmental Authorities necessary or, in the discretion of the Administrative Agent, advisable in connection with such Incremental Facility; (v) the Borrower shall have delivered to the Administrative Agent a legal opinion of each such special or local counsel as may be reasonably requested by the Administrative Agent with respect to such Incremental Facility and the applicable Incremental Facility Amendments; (vi) the Borrower shall have delivered to the Administrative Agent title and extended coverage insurance for each real property Collateral covering the amount of such Incremental Facility containing such endorsements and affirmative coverage as the Administrative Agent may reasonably request; (vii) the Administrative Agent and the Borrower shall execute conforming amendments to this Agreement and the other Loan Documents (collectively, the “Incremental Facility Amendments”) to reflect such Incremental Facility without the consent of any Lender, including, without limitation, to provide for the terms set forth in the Incremental Facility Activation Notice described below or Section 2.8(c), and

Incremental Facility Effective Date the date on which the conditions specified in Article 5 are satisfied.