Term Loan Increase Date definition
Examples of Term Loan Increase Date in a sentence
Immediately prior to the funding of the new Loans on the Term Loan Increase Date, the Administrative Agent shall amend Schedule 1.01(b) to reflect the aggregate amount of each Lender’s Loans (including increasing Lenders and Assuming Lenders).
The waivers and releases in this Agreement survive any termination or expiration of this Agreement.
Subject to the terms and conditions set forth herein, each Lender agrees to make Loans to the Borrower on the Effective Date in an amount equal to the amount specified opposite such Lender’s name on Schedule 1.01(b) and, in the case of any Assuming Lender or Increasing Lender, on any Term Loan Increase Date in an amount equal to the amount specified opposite such Lender’s name on Schedule 1.01(b) (as amended pursuant to Section 2.06).
Each of the Lenders hereby authorizes the Administrative Agent to revise Schedule 2.1 on each Term Loan Increase Date to reflect such increase without an amendment to this Agreement.
Subject to the terms and conditions set forth herein, each Term Loan Lender agrees to make Term Loans (each such term loan being herein called a “Term Loan”) to the Borrower in the full amount of its Term Loan Commitment; provided that Borrowings of Term Loans may only be made (A) at the Effective Time on satisfaction (or waiver in accordance with Section 11.2) of the conditions in Sections 5.1 and 5.2 and (B) on a Term Loan Increase Date pursuant to a Term Loan Increase.
Immediately prior to the funding of the new Loans on the Term Loan Increase Date, the Administrative Agent shall amend Schedule 1.01(b) to reflect the aggregate amount of each Lender’s Loans (including Increasing Lenders and Assuming Lenders).