Term Loan B Closing Date definition

Term Loan B Closing Date means the date on which the initial extension of Term Loan B Debt under the Term Loan B Documents first became effective in accordance with their terms, which was March 24, 2015.”
Term Loan B Closing Date means the date the Term Loan B Documents become effective in accordance with their terms and the Term Loan B is funded.
Term Loan B Closing Date. Any Business Day between the date of this Agreement and the date selected by the Borrowers for the making of Term Loan B, but no later than thirty (30) days after the date of this Agreement; provided, that all the conditions precedent to the obligation of the Lender to make Term Loan B or such Draws, as set forth in Article III, have been, or, on such Term Loan B Closing Date, will be, satisfied. The Borrowers’ Agent shall give the Lender not less than three (3) Business Days prior notice of the day selected as the Term Loan B Closing Date.

Examples of Term Loan B Closing Date in a sentence

  • The Principal Balance of Term Loan B shall bear interest at a fixed rate per annum equal to the yield on the 11.75% February 5, 2010 U.S. Treasury Note/Bond as published in The Wall Street Journal on the Friday before the Term Loan B Closing Date plus 3.75% per annum.

  • Each Borrower shall have performed and complied with all agreements, terms and conditions contained in this Agreement required to be performed or complied with by such Borrower prior to or simultaneously with the Term Loan B Closing Date.

  • No Default or Event of Default shall have occurred and be continuing on the Closing Date, the Term Loan B Closing Date and on the date of each Advance and each Term Loan B Draw, as the case may be, or will exist after giving effect to the Loans made on such date.

  • Borrower shall pay to FINOVA a loan fee of $45,400, which shall be deemed to be fully earned and payable upon the Term Loan B Closing Date and against which FINOVA shall credit $8,333.33 of the $25,000 deposit (net of FINOVA's expenses) previously paid by Borrower to FINOVA.

  • The Borrowers shall have requested their counsel, to prepare written opinions, addressed to the Lender and dated the Term Loan B Closing Date, covering the matters set forth in Exhibit I-2 hereto, and such opinion shall have been delivered to the Lender.

  • Still, for the sake of clarity, the following explanations are added:• "SOMETHING" is a phenomenon of a most general meaning.• An "ENTITY" is an element that belongs a broader category: the "PHENOMENA".• A "RELATION" is something that holds between two or more phenomena.


More Definitions of Term Loan B Closing Date

Term Loan B Closing Date means the date on which the Term Loan B is made hereunder, which shall occur, if ever, on or before March 31, 2013.

Related to Term Loan B Closing Date

  • Loan Closing Date means the date upon which the Loan is made to the Company.

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • Closing Date Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Closing Date Term Loan Commitment. The aggregate amount of the Closing Date Term Loan Commitments as of the Closing Date is $820,000,000.

  • Additional Closing Date shall have the meaning set forth in Section 2.3.2.

  • Funding Date is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business Day.

  • Increased Facility Closing Date any Business Day designated as such in an Increased Facility Activation Notice.

  • Second Closing Date has the meaning set forth in Section 1.3.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Original Closing Date means March 21, 2013.

  • Third Closing Date has the meaning set forth in Section 2.2(c).

  • Term Loan Commitment Termination Date means with respect to the Tranche B Term Loans, the date which is the earlier to occur of (x) the date which is seven years after the Third Restatement Date and (y) the first date on which all undrawn Term Loan Commitments have been terminated or reduced to zero pursuant to the terms hereof.

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Term Loan B Maturity Date means the earliest of (a) May 24, 2014, or (b) such earlier date upon which the Outstanding Amounts under the Term Loan Facility, including all accrued and unpaid interest, are required to be paid in full in accordance with the terms hereof.

  • First Closing Date shall refer to the time and date of delivery of certificates for the Firm Shares and such Optional Shares). Any such time and date of delivery, if subsequent to the First Closing Date, is called an “Option Closing Date,” shall be determined by the Representatives and shall not be earlier than three or later than five full business days after delivery of such notice of exercise. If any Optional Shares are to be purchased, each Underwriter agrees, severally and not jointly, to purchase the number of Optional Shares (subject to such adjustments to eliminate fractional shares as the Representatives may determine) that bears the same proportion to the total number of Optional Shares to be purchased as the number of Firm Shares set forth on Schedule A opposite the name of such Underwriter bears to the total number of Firm Shares. The Representatives may cancel the option at any time prior to its expiration by giving written notice of such cancellation to the Company.

  • Initial Closing Date shall have the meaning assigned to such term in Section 1.2 hereof.

  • Incremental Term Loan Borrowing Date means, with respect to each Incremental Term Loan, each date on which Incremental Term Loans are incurred pursuant to Section 2.01(b), which date shall be the date of the effectiveness of the respective Incremental Term Loan Commitment Agreement pursuant to which such Incremental Term Loans are to be made.

  • Scheduled Closing Date Has the meaning specified in the NPA.

  • Subsequent Closing Date means, with respect to each Subsequent Closing, the date on which such Subsequent Closing is deemed to have occurred.

  • Applicable Closing Date Has the meaning specified in Section 5.01(b) of this Trust Supplement.

  • Loan Closing means the date on which an executed Loan Agreement between the Trust and a Borrower is delivered pursuant to this Bond Resolution.

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Term Loan Conversion Date means the Termination Date on which all Revolving Credit Advances outstanding on such date are converted into a term loan pursuant to Section 2.06.

  • Term Loan A has the meaning set forth in Section 2.2(a).

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Series Closing Date means the date designated as such in the Series Term Sheet.