Term Loan Funding Date definition
Examples of Term Loan Funding Date in a sentence
Subject to the satisfaction of the conditions set forth in Section 4.3 hereof, the Term Loan shall be advanced on the Initial Term Loan Funding Date.
Not later than 1:00 P.M. (local time in New York City) on the Initial Term Loan Funding Date each Initial Term Loan Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Initial Term Loan or Initial Term Loans to be made by such Lender.
Borrower shall use the proceeds from each Advance under the Loan only for (a) the purposes set forth in the recitals to this Agreement, (b) for the purposes set forth in Section 2.4(b) or as otherwise expressly authorized herein or in the other Loan Documents, (c) to pay the Term Loan OID on the Initial Term Loan Funding Date and (d) to pay other fees, costs and expenses approved by Agent in connection with the Ninth Amendment.
No termination, amendment, or variation of any provisions of this Consent shall be effective unless made in writing and signed by the parties hereto; provided that all rights and obligations of Buyer, Collateral Agent and the Secured Parties hereunder shall terminate upon the Term Loan Funding Date with respect to the Project.
The Borrower shall have delivered to the Administrative Agent a certificate, in form and substance satisfactory to the Administrative Agent, and certified as accurate by the chief financial officer (or other similar officer) of the Borrower, that the representations and warranties set forth in Section 6.5(b) are true and correct on the Term Loan Funding Date.