Incremental Loan Effective Date definition

Incremental Loan Effective Date as defined in Section 2.23.
Incremental Loan Effective Date means the date, which shall be a Business Day, on or before the Maturity Date, but no earlier than thirty (30) days after any Incremental Notification Date, on which each of the Incremental Lenders make Incremental Loans to the Borrower pursuant to Section 2.5.
Incremental Loan Effective Date has the meaning set forth in Section 2.20.

Examples of Incremental Loan Effective Date in a sentence

  • As of the Incremental Loan Effective Date, upon satisfaction or, as applicable, waiver of the conditions set forth in this Section 2.01(c) and Section 5.03 and the making of the Incremental Loans, Administrative Agent shall record the information contained in the Incremental Loan Agreement in the Register and give prompt notice of the Incremental Loan Commitments to Borrowers and the Lenders (including each Incremental Loan Lender).

  • Administrative Agent shall promptly notify Borrowers, the Lenders and the Incremental Loan Lenders of the final allocation of such increase and such Incremental Loan Effective Date.

  • The Commitment of each Lender shall be permanently reduced by the amount of each Loan made by such Lender on the Closing Date, the Second Amendment Date or the Incremental Loan Effective Date, as applicable.

  • If the Incremental Loan Commitments are provided in accordance with this Section 2.01(d), Administrative Agent and Borrowers shall determine the Incremental Loan Effective Date, which date shall be at least 60 days after the Business Day on which Administrative Agent receives the request for the Incremental Loan Facility, and the final allocation of such increase.


More Definitions of Incremental Loan Effective Date

Incremental Loan Effective Date means the date of the Incremental Loan Agreement as determined in accordance with Section 2.01(d)(iii).

Related to Incremental Loan Effective Date