Subsequent Borrowings definition
Examples of Subsequent Borrowings in a sentence
Conditions Precedent to all Subsequent Borrowings: Same as Existing Credit Agreement.
NY 76190361v2 Conditions Precedent to all Subsequent Borrowings: Same as Existing Credit Agreement.
Concurrently with any Subsequent Borrowings hereunder, the Lenders shall be deemed to have adjusted their participation interests in any outstanding Letters of Credit so that such interests are held ratably in accordance with their commitments after giving effect to any Commitment Increase.
The Parties further expressly acknowledge and agree that the terms and conditions applicable to the Additional Loan will be those described in this Agreement for the “Loan”, including, without limitation, the Ordinary Interest Rate and the Default Interest Rate, and the Interest Payment Date, the Principal Payment Date, the Repayment Schedule and the requirements for Subsequent Borrowings set forth in Clause Nine.
Conditions for Subsequent Borrowings or for a Redesignation of Borrowings .
The applicable Borrower shall pay each Increasing Lender and each Non-Increasing Lender any and all accrued but unpaid interest on the Initial Loans on the Interest Payment Dates applicable to the Subsequent Borrowings.
Subsequent Borrowings of DIP Loans (each, an “Additional Draw”) will be in an aggregate amount not to exceed $35,000,000 and shall be funded at any time on or after the Final Order Date.