Loan Increase Date definition

Loan Increase Date means, (i) with respect to the Warehouse SUBI Assets allocated to the Warehouse SUBI on the Initial Loan Date, the Initial Loan Date, and (ii) with respect to any subsequent Loan, the date on which such Loan is made pursuant to Section 2.01(b) and 5.02.

Loan Increase Date means, (i) with respect to the Warehouse SUBI Assets allocated to the Warehouse SUBI on the Initial Loan Date, the Initial Loan Date, and (ii) with respect to any subsequent Loan, the date on which such Loan is made pursuant to Section 2.01(b) and Section 5.02.

Loan Increase Date means, (i) with respect to the Warehouse SUBI Assets allocated to the Warehouse SUBI on the Initial Loan Date, the Initial Loan Date, and (ii) with respect to any subsequent Loan, the date on which such Loan is made pursuant to Section 2.01(b) and 5.02; provided, however, that only one Loan Increase Date may occur after the Effective Date unless consented to in writing by of all of the Group Agents.

Examples of Loan Increase Date in a sentence

• Immediately prior to the funding of the new Loans on the Term Loan Increase Date, the Administrative Agent shall amend Schedule 1.01(b) to reflect the aggregate amount of each Lender’s Loans (including increasing Lenders and Assuming Lenders).

• Subject to the terms and conditions set forth herein, each Lender (severally, not jointly or jointly and severally) agrees to make Loans to the Borrower on the Effective Date in an amount equal to the amount specified opposite such Lender’s name on Schedule 1.01(b) and, in the case of any Assuming Lender or Increasing Lender, on any Term Loan Increase Date in an amount equal to the amount specified opposite such Lender’s name on Schedule 1.01(b) (as amended pursuant to Section 2.06).

• Subject to the terms and conditions set forth herein, each Lender agrees to make Loans to the Borrower on the Effective Date in an amount equal to the amount specified opposite such Lender’s name on Schedule 1.01(b) and, in the case of any Assuming Lender or Increasing Lender, on any Term Loan Increase Date in an amount equal to the amount specified opposite such Lender’s name on Schedule 1.01(b) (as amended pursuant to Section 2.06).

• The Administrative Agent shall notify the Lenders and the Borrowers, on or before 1:00 p.m. (New York time) on the Business Day following the Revolving Credit Loan Increase Date of the effectiveness of the Revolving Credit Loan Increase and shall record in the Register all applicable additional information required to be recorded therein because of such Revolving Credit Loan Increase.

• There shall have been paid to Administrative Agent, for the account of Administrative Agent or any Lender (including any Person becoming a Lender as part of the Revolving Credit Loan Increase on such Revolving Credit Loan Increase Date), as the case may be, all fees and expenses due and payable on or before the Revolving Credit Loan Increase Date.

• Subject to the terms and conditions set forth herein, each Term Loan Lender agrees to make Term Loans (each such term loan being herein called a “Term Loan”) to the Borrower in the full amount of its Term Loan Commitment; provided that Borrowings of Term Loans may only be made (A) at the Effective Time on satisfaction (or waiver in accordance with Section 11.2) of the conditions in Sections 5.1 and 5.2 and (B) on a Term Loan Increase Date pursuant to a Term Loan Increase.

• Any Incremental Loan Commitment shall be a commitment to make loans with the same principal terms as the Loans; provided that Incremental Loan Commitments need not have the same upfront fees, Applicable Margin and maturity date as then existing Loans but the terms of all Incremental Loan Commitments with the same Incremental Loan Increase Date shall be identical.

• The Borrower hereby certifies that each of the conditions precedent to the Loan Increase herein contemplated set forth in Sections 2.01(b) and 5.02 of the Agreement shall be satisfied as of the Loan Increase Date.

• The Borrower hereby requests that the Lenders make Loans on [__________] in the aggregate principal amount of $[_________] [if the Loan Increase Date is a Warehouse SUBI Lease Allocation Date, insert: and that a proposed allocation be made to the Warehouse SUBI of Leases and related Leased Vehicles with an aggregate Securitization Value of $[__________] as of the applicable Cut-Off Date].

• Promptly following satisfaction of such conditions, the Administrative Agent shall notify the Lenders (including any Assuming Lenders) thereof and of the occurrence of the Term Loan Increase Date by facsimile transmission or electronic messaging system.