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.