Incremental Borrowing Date definition

Incremental Borrowing Date means (a) with respect to any Incremental Term Loan, any Incremental Term Loan Borrowing Date and (b) with respect to any Revolving Commitment Increase or Additional/Replacement Revolving Commitment, each date on which such Revolving Commitment Increase or Additional/Replacement Revolving Commitments become effective pursuant to Section 2.15, which date shall be the date of the effectiveness of the respective Incremental Amendment pursuant to which such Revolving Commitment Increase or Additional/Replacement Revolving Commitments are established.
View Source
Incremental Borrowing Date means any Borrowing Date upon which any Incremental Term Loans are made to the Borrower pursuant to Section 2.20 hereof.
View Source
Incremental Borrowing Date shall have the meaning specified in Section 2.2(c).
View Source

Examples of Incremental Borrowing Date in a sentence

  • On the Incremental Borrowing Date, each Lender providing such Incremental Term Loan shall make the Incremental Term Loan to be made by it by wire transfer of immediately available funds to such account as the Administrative Agent may designate not later than 2:00 p.m. (New York time).

  • All such amounts will be paid out of proceeds of Loans made on the Incremental Borrowing Date and will be reflected in the funding instructions given by the Borrower to the Administrative Agent on or before the Incremental Borrowing Date.

  • The Incremental Term Loan shall be made in a single drawing and shall be made on the Incremental Borrowing Date to be used solely for the purpose of redeeming the Borrower’s outstanding Series Z Preferred.

  • The Borrower shall notify the Administrative Agent of the anticipated Incremental Borrowing Date at least two Business Days prior to the occurrence thereof and shall give them a notice specifying (i) the amount and Type of Incremental Term Loans to be borrowed, (ii) the anticipated date of the Incremental Borrowing Date, which shall be a Business Day, and (iii) the respective amounts of each such Type of Loan and the respective lengths of the initial Interest Period therefor.

  • Not later than 1:00 p.m. on the proposed 2013 Incremental Borrowing Date, each 2013 Incremental Term Lender will make available to the Administrative Agent for the account of the Borrower, at the Administrative Agent’s Office in immediately available funds, its 2013 Incremental Term Loan Percentage of the 2013 Incremental Term Loan.

  • First Incremental Borrowing Date with Respect to the Incremental Facility ............................................

  • Not later than 11:00 A.M., New York City time, on the Incremental Borrowing Date each Incremental Term Loan Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Incremental Term Loans to be made by such Lender.

  • The Borrowing Notice with respect to, and the acceptance of the proceeds by the Borrower of, any Incremental Advances on any Incremental Borrowing Date shall constitute a representation and warranty by the Borrower that the conditions contained in Sections 4.2.1, 4.2.2 and 4.2.3 have been satisfied.

  • If a Non-Committed Conduit Lender receives an Incremental Borrowing Request, such Non-Committed Conduit Lender shall, if it has elected to reject such Incremental Borrowing Request, instruct the related Funding Agent to give notice thereof to the Borrower, the Servicer and the Administrative Agent via telephone or facsimile by no later than the close of business on the Business Day immediately prior to the applicable Incremental Borrowing Date.

  • On each Incremental Borrowing Date, each applicable Lender shall remit its share of the aggregate amount of the Loans requested by the Borrower as determined above to the account of its related Funding Agent specified therefor to such Lender by wire transfer of same day funds.


More Definitions of Incremental Borrowing Date

Incremental Borrowing Date has the meaning specified in Clause 2.2(a)(i) (Incremental Borrowing Request).
View Source
Incremental Borrowing Date means the date upon which any Incremental Advance is made.
View Source
Incremental Borrowing Date the date, specified by the Borrower in Section 2.2(b), which must be on or before June 30, 2009, provided that all of the conditions precedent set forth in Sections 6.3 and 6.4 are first (or simultaneously) satisfied or waived.
View Source

Related to Incremental Borrowing Date

  • Incremental Term Loan Borrowing Date means, with respect to each Tranche of Incremental Term Loans, each date on which Incremental Term Loans of such Tranche are incurred pursuant to Section 2.15, which date shall be the date of the effectiveness of the respective Incremental Amendment pursuant to which such Incremental Term Loans are to be made.