Term Loan Borrowing Date means the date on which the Term Loans are made, which date shall be, at the election of the Borrower, the Effective Date or any Business Day no later than sixty (60) days after the Effective Date.
Examples of Term Loan Borrowing Date in a sentence
The Term Loan Commitment of each Term Loan Lender shall be immediately and permanently reduced on each Term Loan Borrowing Date upon such Term Loan Lender making a Term Loan to Borrower on such Term Loan Borrowing Date in an amount corresponding to such Term Loan Lender's Applicable Term Loan Percentage of the aggregate principal amount of the Term Loan Loans made by the Term Loan Lenders to Borrower on such Term Loan Borrowing Date.
On the Incremental Term Loan Borrowing Date, the Borrower shall deliver to the Administrative Agent a certificate dated as of the Incremental Term Loan Borrowing Date certifying that the Incremental Term Loan Commitment Agreement and the incurrence of all Incremental Term Loans pursuant thereto are, and when incurred or issued will be, permitted under the Subordinated Indebtedness Documents and shall constitute both Senior Debt and Designated Senior Debt thereunder.
If requested by such Lender, on or prior to any Incremental Term Loan Borrowing Date the Borrower shall have delivered to the Administrative Agent for the account of such Lender an Incremental Term Loan Note.
Additional Term Loan Borrowing Date shall have the meaning set forth in the applicable Additional Term Loan Supplement.
Each Term Loan Lender will make the amount of its pro rata share of the Term Loans available to the Administrative Agent for the account of the Borrower at the office of the Administrative Agent specified in subsection 11.3 prior to 11:00 A.M., New York City time, on the Term Loan Borrowing Date in funds immediately available to the Administrative Agent.