Term Loan B Funding Date definition

Term Loan B Funding Date means a Business Day on or after which the conditions set forth in Sections 2.1, 2.2 and 2.4 shall have been satisfied and on which the Term Lenders have been requested to fund the Term Loan B pursuant to Section 1.1(c)(i).
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Term Loan B Funding Date the first date on which both (a) the conditions precedent set forth in Section 5.3 shall have been satisfied or waived and (b) the Borrower shall have received the proceeds of the Term Loan B Loans requested hereunder, in each case which shall be within 35 Business Days of the Effective Date.
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Term Loan B Funding Date means the date of the funding of the Term Loan B. "Term Loan B Non-Utilization Fee" has the meaning set forth in Section 2.4(b). "Term Loans" means the Term Loan A and the Term Loan B collectively.
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Examples of Term Loan B Funding Date in a sentence

  • Agent may assume that each Revolving Lender will make its Pro Rata Share of each Revolving Credit Advance available to Agent on each funding date and that each Term Lender will make its Pro Rata Share of Term Loan B on the Term Loan B Funding Date.

  • Such notice (a "Notice of Term Loan B Advance") must be given no later than 11:00 a.m. (Chicago time) on the date which is three (3) Business Days prior to the Term Loan B Funding Date whether such Term Loan B shall be an Index Rate Loan or a LIBOR Loan and shall be given in writing (by telecopy or overnight courier) substantially in the form of Exhibit 1.1(c)(i), and shall include the information required in such Exhibit and such other information as may be required by Agent.

  • Such Notes shall be dated as of the Term Loan B Funding Date and shall be duly and validly executed and delivered by the Borrowers.

  • On the Effective Date, an amount equal to the Commitment Fee and any then unused portion of the Expense Deposit shall be credited against the Closing Fees due and payable on the Effective Date, which Fees shall be fully earned and non-refundable as of the Effective Date or the Term Loan B Funding Date as the case may be (collectively, the "Closing Fees").

  • Borrowers shall deliver to Agent not later than five (5) Business Days after the last Business Day of each Fiscal Month, a report indicating the exact location of each and every Vehicle, and, after the Term Loan B Funding Date, the Term Loan B Trailers, located outside of the continental United States as of the last day of such Fiscal Month.

  • The Collateral Agent shall have received evidence satisfactory to it that the Qualified Issuance shall have occurred on or prior to the Term Loan B Funding Date.

  • The aggregate amount of the Term Loans outstanding as of the Term Loan B Funding Date shall not exceed 2.25 times TTM EBITDA for the most recently completed 12 month period set forth in the Financial Statements referenced in Section 5.01(l) after giving pro forma effect to the Totalcat Acquisition.

  • Subject to the terms and conditions hereof, each Term Loan B Lender severally agrees to make a term loan (collectively, the “Term Loan B Loans”) under the Term Loan B Facility to the Borrower on the Term Loan B Funding Date in an amount not to exceed the amount of the Term Loan B Commitment of such Lender.

  • The borrowing of the Term Loan B Loans hereunder shall constitute a representation and warranty by the Borrower as of the Term Loan B Funding Date that the conditions contained in this Section 5.4 have been satisfied (or waived).

  • During the Term Loan B Funding Period, each Term Loan B Lender severally agrees to make a term loan (collectively, the “Term Loan B”) to the Borrower on the Term Loan B Funding Date, in an aggregate principal amount equal to the amount of such Lender’s Term Loan Commitment.


More Definitions of Term Loan B Funding Date

Term Loan B Funding Date means the date on which all of the Term Loan B Funding Conditions (hereinafter defined) have been satisfied or waived in writing by the Agent with the consent of the Required Lenders and Term Loan B is funded by the Lenders.
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Term Loan B Funding Date means the date on which all of the conditions precedent set forth in Section 5.02 of the Ableco Financing Agreement are first satisfied or waived and the borrowing of the Term Loan B shall have occurred.
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Related to Term Loan B Funding Date

  • Delayed Draw Funding Date means any date on which the Delayed Draw Term Loans are funded hereunder, which shall in no event be later than the Delayed Draw Term Loan Commitment Termination Date.

  • 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.

  • Incremental Term Loan Borrowing Date means, with respect to each Tranche of Incremental Term Loans, each date on which Incremental Term Loans of such Tranche are incurred pursuant to Section 1.01(c) and as otherwise permitted by Section 1.14.

  • 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.

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

  • Term Loan as defined in Section 2.1.

  • Tranche B Term Loan Lender means a Lender with a Tranche B Term Loan Commitment or an outstanding Tranche B Term Loan.

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Tranche B Term Loan as defined in Section 2.1.

  • Delayed Draw Term Loan Commitment means the commitment of a Lender to make or otherwise fund a Delayed Draw Term Loan and “Delayed Draw Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Delayed Draw Term Loan Commitment, if any, is set forth on Schedule 2.01 or in the applicable Assignment and Assumption, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Delayed Draw Term Loan Commitments as of the Closing Date is $165,000,000.

  • 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.

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

  • Tranche B Term Loan Maturity Date means April 9, 2020 (or if such date is not a Business Day, the immediately preceding Business Day) or such earlier date as may result from the operation of Section 2.08(b), if applicable.

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Tranche C Term Loan as defined in Section 2.1.

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • 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.

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • 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 C Loan is defined in Section 2.2(a)(iii) hereof.

  • Initial Funding Date means the date on or after the Closing Date, on which all of the conditions described in Section 6.1 have been satisfied (or waived) in a manner satisfactory to the Administrative Agent and the Lenders and on which the initial Loans under this Agreement are made by the Lenders to the Borrower.

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • Incremental Loan has the meaning set forth in Section 2.14(b).