Procedure for Term Loan Borrowing definition

Procedure for Term Loan Borrowing. The Borrower Representative shall have given the Administrative Agent notice (which notice must have been received by the Administrative Agent prior to 9:00 A.M., New York City time (or such later time as may be agreed by the Administrative Agent in its reasonable discretion), which notice may be revocable at any time prior to funding) one Business Day prior to the Closing Date, the First Amendment Effective Date or the Second Amendment Effective Date, as applicable, specifying the amount of the Initial Term Loans to be borrowed by each applicable Borrower. Upon receipt of such notice, the Administrative Agent shall promptly notify each applicable Lender thereof. Each Lender having an Initial Term Loan Commitment will make the amount of its pro rata share of the applicable Initial Term Loan Commitments available to the Administrative Agent, in each case for the account of the applicable Borrower or Borrowers at the office of the Administrative Agent specified in Subsection 11.2 prior to 10:00 A.M., Frankfurt time (or, if the time period for the Borrower Representative’s delivery of notice was extended, such later time as agreed to by the Borrower Representative and the Administrative Agent in its reasonable discretion, but in no event less than one hour following notice), on the Closing Date, the First Amendment Effective Date or the Second Amendment Effective Date, as applicable, in funds immediately available to the Administrative Agent. The Administrative Agent shall on such date make all funds so received available to the Borrowers in like funds as received by the Administrative Agent by wire transfer of such funds in accordance with instructions provided by the Borrower Representative to (and reasonably acceptable to) the Administrative Agent.”
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Examples of Procedure for Term Loan Borrowing in a sentence

  • AMOUNT AND TERMS OF COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Swingline Commitment 40 2.7 Procedure for Swingline Borrowing; Refunding of Swingline Loans 40 2.8 Repayment of Loans 42 2.9 Commitment Fees, etc.

  • AMOUNT AND TERMS OF COMMITMENTS 26 2.1. Term Commitments 26 2.2. Procedure for Term Loan Borrowing 26 2.3. Repayment of Term Loans 27 2.4. Revolving Commitments 28 2.5. Procedure for Revolving Loan Borrowing; Currency Fluctuation Matters 29 2.6. Swingline Commitment 31 2.7. Procedure for Swingline Borrowing; Refunding of Swingline Loans 32 2.8. Commitment Fees, etc.

  • Procedure for Term Loan Borrowing ..............................................................................

  • AMOUNT AND TERMS OF COMMITMENTS 39 2.1 Term Loan Commitments 39 2.2 Procedure for Term Loan Borrowing 39 2.3 Repayment of Term Loans 40 2.4 Revolving Commitments 40 2.5 Procedure for Revolving Loan Borrowing 41 2.6 Swingline Commitment 41 2.7 Procedure for Swingline Borrowing; Refunding of Swingline Loans 42 2.8 Repayment of Loans 43 2.9 Commitment Fees, etc.

  • AMOUNT AND TERMS OF TERM COMMITMENTS 42 2.1 Term Commitments 42 2.2 Procedure for Term Loan Borrowing 42 2.3 Repayment of Term Loans 43 2.4 Incremental Term Loans.

  • AMOUNT AND TERMS OF COMMITMENTS 42 2.1 Term Loan Commitments 42 2.2 Procedure for Term Loan Borrowing 42 2.3 Repayment of Term Loans 42 2.4 Revolving Credit Commitments 45 2.5 Procedure for Revolving Credit Borrowing 46 2.6 Swing Line Commitment 48 2.7 Procedure for Swing Line Borrowing; Refunding of Swing Line Loans 50 2.8 Repayment of Loans; Evidence of Debt 54 2.9 Fees, etc.

  • Defined Terms 1 1.2. Other Definitional Provisions 34 35 1.3. Delivery of Notices or Receivables 34 35 2.1. Term Commitments 34 35 2.2. Procedure for Term Loan Borrowing 35 36 2.3. RESERVED 35 36 2.4. RESERVED 35 36 2.5. RESERVED 35 36 2.6. RESERVED 35 36 2.7. RESERVED 35 36 2.8. Repayment of Loans; Evidence of Debt 35 36 2.9. Interest Rates and Payment Dates 36 37 2.10.

  • AMOUNT AND TERMS OF COMMITMENTS 33 2.1 Term Commitments 33 2.2 Procedure for Term Loan Borrowing 33 2.3 Repayment of Term Loans.

  • AMOUNT AND TERMS OF TERM COMMITMENTS 4043 2.1 Term Commitments 4043 2.2 Procedure for Term Loan Borrowing 4043 2.3 Repayment of Term Loans 4044 2.4 Incremental Term Loans 4144 2.5 Fees 4347 SECTION 3.

  • AMOUNT AND TERMS OF COMMITMENTS 2.1 Term Commitments 20 2.2 Procedure for Term Loan Borrowing 20 2.3 Repayment of Term Loans 21 2.4 Revolving Commitments 21 2.5 Procedure for Revolving Loan Borrowing 21 2.6 Swingline Commitment 22 2.7 Procedure for Swingline Borrowing; Refunding of Swingline Loans 22 2.8 Commitment Fees, etc.