Incremental Funding Date definition

Incremental Funding Date means the date on which each Incremental Funding occurs.

Incremental Funding Date means the Third Restatement Closing Date and the date on which an Incremental Advance was made in accordance with Section 4.5 of the Second Amendment and Restatement, such dates having been April 24, 2020 and September 14, 2020.

Incremental Funding Date means the date on which an Incremental Advance is made in accordance with Section 4.5.

Examples of Incremental Funding Date in a sentence

• The obligation of the Escrow Agent to fund the Escrowed Amounts to the applicable Co-Borrower (or to the Person designated by such Co-Borrower to receive such Escrowed Amounts pursuant to Section 2.21) on the Aleris Incremental Funding Date shall be subject to, and to the satisfaction of, each of the conditions precedent set forth in Section 6 of the Aleris Increase Joinder Amendment and to compliance with the escrow terms set forth in Section 2.21.

• Upon receipt of the Escrowed Term Loans, the Administrative Agent shall promptly disburse the Escrowed Amounts to the Specified Bank Accounts in accordance with the applicable Escrow Drawdown Request on the Aleris Incremental Funding Date (the time of such disbursement, the “Escrow Release Time”).

• As of the Closing Date and each Incremental Funding Date, the Transferor Interest is not less than the Minimum Transferor Interest and the aggregate amount of Principal Receivables is not less than the Required Minimum Principal Balance.

• Under the terms of the lease, ownership of the property is effectively trans- ferred from the lessor to the lessee.

• The 2017 Rook Incremental Term B Loan Commitments shall automatically terminate upon the earlier of (x) the making of the applicable 2017 Rook Incremental Term B Loans thereunder on the 2017 Rook Incremental Funding Date and (y) September 1, 2017.

More Definitions of Incremental Funding Date

Incremental Funding Date means the date on which each Incremental Funding occurs. “Indemnified Amounts” has the meaning specified in Section 9.01.

Incremental Funding Date means each date that a Mortgage Loan of a Class is funded to a Borrower pursuant to an Incremental Amendment, in each case, subject to the terms and conditions set forth in the Incremental Amendment for such Class.

Incremental Funding Date means the date on which each of the following conditions has been satisfied: (a) Agent has received, no less than five (5) Business Days prior to the date the Incremental Loans are requested to be funded, a written request duly executed by the Borrowers, specifying the amount of the Incremental Loans requested and the date on which the Incremental Loans are requested to be funded and (b) the conditions set forth in Sections 1.1(f) and 2.1(i) and (j) have been satisfied.

Incremental Funding Date means the fourth Business Day following the 25th day of each calendar month; provided that if the 25th day of any calendar month shall fall on a day which is not a Business Day, the Incremental Funding Date shall be the fourth Business Day following the Business Day next succeeding the 25th day of such calendar month.

Incremental Funding Date has the meaning set forth in the Certificate Purchase Agreement.

Incremental Funding Date shall have meaning provided in Section 10 hereof. Section 2. Amendment. (a) Pursuant to Sections 2.20 and 9.02 of the Credit Agreement, the Required Lenders, the Administrative Agent, Holdings and the Borrower hereby agree to amend the terms of the Credit Agreement as described below, including to permit the incurrence of the 2021-2 Incremental Term Loans. (b) Each of the parties hereto agrees that, effective on the Amendment No. 6 Effective Date, the Credit Agreement shall be amended to delete the stricken text (indicated textually in the same manner as the following example: stricken text) and to add the double-underlined text (indicated textually in the same manner as the following example: added double-underlined text) as set forth in the pages of the Credit Agreement attached as Exhibit A hereto. Section 3. 2021-2 Incremental Term Loans (a) With effect from and including the Amendment No. 6 Effective Date, each Person identified on the signature pages hereof as a “2021-2 Incremental Term Lender” shall become party to the Amended Credit Agreement as a “Lender”, a “Term Lender” and a “2021-2 Incremental Term Lender”, shall have an Incremental Commitment in the amount set forth opposite its name on Schedule 1 hereto (each Incremental Commitment, a “2021-2 Incremental Term Loan Commitment”), and shall have all of the rights and obligations of a “Lender”, a “Term Lender” and a “2021-2 Incremental Term Lender” under the Amended Credit Agreement and the other Loan Documents. (b) Each of the Borrower, the Administrative Agent and the Lenders party hereto (which, collectively, constitute Required Lenders) hereby consents to the provision by each 2021-2 Incremental Term Lender of such Lender’s 2021-2 Incremental Term Loans, in each case to the extent such consent is required under Sections 2.20(d) and 9.02 of the Credit Agreement. The Administrative Agent and the 2021-2 Incremental Term Lenders hereby agree that the notice requirements set forth in Section 2.20 of the Credit Agreement have been satisfied with respect to the 2021-2 Incremental Term Loans. (c) On the Incremental Funding Date, each 2021-2 Incremental Term Lender shall make its 2021-2 Incremental Term Loans to the Borrower in accordance with this Section 3 by delivering to the Borrower immediately available funds in Dollars in an amount equal to its 2021-2 Incremental Term

Incremental Funding Date means the date on which an Incremental Funding occurs, which must be a Business Day.