Whitewash Completion Date definition
Examples of Whitewash Completion Date in a sentence
The Borrower shall, on the Whitewash Completion Date, ensure that Amity provides the Collateral Agent with a certified copy of each of the board and shareholder resolutions that was passed, and notices that were given, in connection with the Whitewash Procedures and provide the Collateral Agent with evidence, in such form as is reasonably satisfactory to the Collateral Agent, that the required shareholder resolution has been lodged with the Australian Securities and Investments Commission.
The Borrower shall ensure that at all times from the Closing Date until the Whitewash Completion Date, the balance in the Debt Service Reserve Account shall be at least equal to the Debt Service Reserve Amount.
More specifically, no more than five (5) Business Days after the commencement of each Interest Period occurring prior to the Whitewash Completion Date, the Borrower shall deposit or cause to be deposited on its behalf funds into the Debt Service Reserve Account such that the balance in the Debt Service Reserve Account shall be at least equal to the Debt Service Reserve Amount on the Interest Payment Date immediately following the end of such Interest Period.
Ensure that Amity undertakes and completes the Whitewash Procedures, and that the Whitewash Completion Date occurs, no later than thirty (30) days after the Closing Date by passing the necessary board and shareholder resolutions substantially in the form agreed between the Collateral Agent and the Borrower on or before the date of this Agreement.
Each Whitewash Australian Entity shall have satisfied the requirements of section 260B of the Corporations Act by the Whitewash Completion Date.
The Lenders party hereto agree to waive the requirement previously contained in Section 7.17(b) of the Credit Agreement that Amity undertake and complete the Whitewash Procedures, and the Whitewash Completion Date occur, in each case no later than thirty (30) days after the Closing Date, and any Default or Event of Default that may have arisen directly from such failure to do so.