Definition of Term B Loan Funding Date


Term B Loan Funding Date means the date on which the Term B Loan Lenders make the Term B Loans to Borrowers.
Sample 1

Examples of Term B Loan Funding Date in a sentence

The Delayed Draw Term B Commitments shall terminate automatically on the earlier of (i) the applicable Delayed Draw Term B Loan Funding Date immediately after the making of Delayed Draw Term B Loans in an aggregate principal amount equal to the total Delayed Draw Term B Commitments and (ii) the end of the Delayed Draw Term A and Term B Availability Period.
On the Delayed Draw Term B Loan Funding Date, the Company shall execute and deliver to each Delayed Draw Term B Holder a Delayed Draw Term B Note in the principal amount of the Delayed Draw Term B Loans made by such Holder on such date.