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.