Loan Settlement Date definition
Examples of Loan Settlement Date in a sentence
On each Overdraft Settlement Date (with respect to the Multicurrency Facility) and on each Swing Loan Settlement Date (with respect to the Domestic Facility), the Administrative Agent shall provide to each Lender under the applicable Credit Facility copies of the most recent schedules provided to it by each Issuing Bank under such Credit Facility.
Each such payment shall be made by the Agent on the next Revolving Loan Settlement Date.
On each U.S. Revolving Loan Settlement Date, the Agent shall notify each U.S. Lender of the issuance of all U.S. Letters of Credit since the prior U.S. Revolving Loan Settlement Date.
Each such payment shall be made by the Agent on the next Canadian Revolving Loan Settlement Date.
These settlement procedures are established solely as a matter of administrative convenience, and nothing contained in this Section 2.12 shall relieve the Banks of their obligations to fund Revolving Credit Loans on dates other than a Swing Loan Settlement Date pursuant to Section 2.1 or 2.2(B).
Each U.S. Lender (other than the Bank in the case of U.S. Non-Ratable Loans and the Agent in the case of U.S. Agent Advances) shall transfer the amount of such U.S. Lender's Pro Rata Share of the outstanding principal amount of the U.S. Non-Ratable Loans and U.S. Agent Advances with respect to each U.S. Revolving Loan Settlement to the Agent, to the Agent's account, not later than 2:00 p.m. (New York time), on the U.S. Revolving Loan Settlement Date applicable thereto.
Such payments shall be made by wire transfer to such Lender's account (as specified by such Lender in Annex ----- I or the applicable Assignment Agreement) not later than 2:00 p.m. (New York - time) on the next Business Day following each Term Loan Settlement Date.
German Revolving Credit Loan Settlements in respect of German Revolving Credit Loans shall be made in Euros on the German Revolving Credit Loan Settlement Date for such German Revolving Credit Loans.
On each Canadian Revolving Loan Settlement Date, the Agent shall notify each Canadian Lender of the issuance of all Canadian Letters of Credit since the prior Canadian Revolving Loan Settlement Date.
On or before the Office Loan Settlement Date, SELLER shall pay the BUYER, or the BUYER shall pay to SELLER, as the case may be, an amount in cash equal to the Repurchase Price for the Office Loans put back to SELLER, together with interest thereon at the Settlement Interest Rate from the Banc One Closing Date to the date of such payment.