Second Funding Date definition

Second Funding Date means the date and time of the issuance and sale of the New Preferred Shares (as defined in the Securities Purchase Agreement) and the New Warrants (as defined in the Securities Purchase Agreement) in the Second Tranche (as defined in the Securities Purchase Agreement).

Second Funding Date means the Funding Date following the Initial Funding Date on which all conditions precedent specified in Sections 4.03 and 4.04 are satisfied, or such other date as may be requested by Borrower and approved by the Administrative Agent in its sole and absolute discretion.

Second Funding Date means such date, if any, during the third calendar quarter of 2000 that US Bank advances funds to NCMC pursuant to the Subordinated Loan Agreement.

Examples of Second Funding Date in a sentence

• The Commitment shall automatically terminate upon the earlier of (a) the making of the Loans on the Second Funding Date and (b) the last day of the Second Availability Period.

• The Borrower shall pay the Initial Upfront Fee to each Lender on the Initial Funding Date and the Second Upfront Fee to each Lender on the Second Funding Date, which obligation shall be deemed to be satisfied by such Lender netting its Initial Upfront Fee or the Second Upfront Fee, as applicable, from the amount of the Initial Loan or the Second Loan, as applicable, made by such Lender hereunder.

• Following the Second Funding Date, the unused portion of any Commitment shall be permanently terminated.

• The New Lender’s New Term Loan Commitment shall terminate immediately and without further action on the earlier of the Second Funding Date and the Termination Date after giving effect to the funding, if any, of the New Lender’s New Term Loan Commitment on such date.

• The exercise price per Warrant Share for any Warrant issued pursuant to Section 2.1(b), (c) or (d) hereof shall be equal to the closing price per share of Common Stock as reported on the Nasdaq Stock Market on the trading date immediately preceding the First Funding Date, the Second Funding Date or the Third Funding Date, respectively.

More Definitions of Second Funding Date

Second Funding Date means the first date (if any) after the Effective Date on which all the conditions precedent in Section 3.03 are satisfied or waived in accordance with Section 9.05 and the Loans are made to the Borrower pursuant to Section 2.01.

Second Funding Date has the meaning specified in the Investment Agreement.

Second Funding Date means the date on which each Partner is required to make a Capital Contribution in the amount equal to the remaining 50% of its Capital Commitment pursuant to Section 5.2(a) .

Second Funding Date the date that each of the conditions precedent under Section 5.1 and Section 5.3 has been satisfied or waived in accordance with the terms of this Agreement.

Second Funding Date has the meaning given in Section 2.2.

Second Funding Date means the date of the funding of the Second Loan.

Second Funding Date means the Business Day during the Second Availability Period as of which the Lenders advance the Second Loan. “Second Upfront Fee” means the relevant amount specified in the Fee and Ratio Letter.