Conversion to Approving Lenders Funding Date definition

Conversion to Approving Lenders Funding Date has the meaning assigned to such term in Section 2.18 hereof.
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Conversion to Approving Lenders Funding Date forward all subsequent Loans, shall be made unilaterally by the Approving Lenders and no Loans thereafter made shall be participated in by the Declining Lenders.
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Conversion to Approving Lenders Funding Date as defined in Section 2.7(a).
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Examples of Conversion to Approving Lenders Funding Date in a sentence

  • No such Issuance will be made for the increase of the Face Amount of a Letter of Credit or for the extension of the expiry of a Letter of Credit if, prior to 5:00 p.m., New York time, on the Business Day immediately preceding the proposed Business Day of Issuance, the Administrative Agent has received a written Notice of Declining Lender (unless a Conversion to Approving Lenders Funding Date has occurred with respect to such Declining Lenders).

  • No such Issuance will be made if, prior to 5:00 p.m., New York time, on the Business Day immediately preceding the proposed date of Issuance, the Administrative Agent has received a written Notice of Declining Lender (unless a Conversion to Approving Lenders Funding Date has occurred with respect to such Declining Lenders).

  • If the Administrative Agent does receive a written Notice of Declining Lender on a timely basis (and no Conversion to Approving Lenders Funding Date has occurred with respect to such Declining Lender), the Administrative Agent shall notify the Borrowers and such Issuing Bank by 6:00 p.m., New York City time, on the Business Day of the proposed date of issuance, and the proposed Letter of Credit will not be issued.

  • If the Administrative Agent does receive a written Notice of Declining Lender on a timely basis (and no Conversion to Approving Lenders Funding Date has occurred with respect to such Declining Lender), the Administrative Agent shall notify the Borrowers and such Issuing Bank by 6:00 p.m., New York time, on the Business Day of the proposed date of issuance, and the proposed Letter of Credit will not be issued.


More Definitions of Conversion to Approving Lenders Funding Date

Conversion to Approving Lenders Funding Date shall have the meaning specified in Section 3.11 of this Agreement.
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Related to Conversion to Approving Lenders Funding Date

  • Initial Borrowing means the first Borrowing made pursuant to this Agreement.

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.

  • Initial Borrowing Date means the date occurring on or after the Effective Date on which the initial Borrowing of Loans occurs.

  • Incremental Term Loan Borrowing Date means, with respect to each Class of Incremental Term Loans, each date on which Incremental Term Loans of such Class are incurred pursuant to Section 2.01(b) and as otherwise specified in any amendment providing for Incremental Term Loans in accordance with Section 2.22.

  • Refunding Borrowing means a Committed Borrowing which, after application of the proceeds thereof, results in no net increase in the outstanding principal amount of Committed Loans made by any Bank.

  • Incremental Term Borrowing means a Borrowing comprised of Incremental Term Loans.

  • Initial Revolving Borrowing means one or more borrowings of Revolving Credit Loans or issuances or deemed issuances of Letters of Credit on the Closing Date as specified in the definition of the term “Permitted Initial Revolving Borrowing.”

  • Term B Borrowing means a borrowing consisting of simultaneous Term B Advances of the same Type made by the Term B Lenders.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • Term Loan Extension Request has the meaning set forth in Section 2.16(a).

  • Notice of Conversion/Extension means the written notice of conversion of a LIBOR Rate Loan to an Alternate Base Rate Loan or an Alternate Base Rate Loan to a LIBOR Rate Loan, or extension of a LIBOR Rate Loan, in each case substantially in the form of Exhibit 1.1(e).

  • Term Loan Conversion Date means the Termination Date on which all Revolving Credit Advances outstanding on such date are converted into a term loan pursuant to Section 2.06.

  • Term Loan Election has the meaning specified in Section 2.06.

  • Continuation/Conversion Date means the date on which a Loan is converted into or continued as a LIBOR Rate Loan.

  • Delayed Draw Funding Date means the date occurring on or after the Effective Date upon which all of the conditions to funding the Delayed Draw Term Loan set forth in Section 6.02 are satisfied and the Delayed Draw Term Loan is funded.

  • Revolver Extension Request has the meaning set forth in Section 2.16(b).

  • Funding Date is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business Day.

  • Closing Date Term Loan Commitment means the commitment of each Lender to make Term Loans on the Closing Date hereunder in an aggregate principal amount not to exceed the amount set forth under the heading “Closing Date Term Loan Commitment” opposite its name in Schedule 2.01 hereto. The aggregate amount of the Closing Date Term Loan Commitments as of the Closing Date is $1,150,000,000.

  • Incremental Loan Request has the meaning set forth in Section 2.14(a).

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Term SOFR Loan means a Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.