Second Amendment Date definition
Examples of Second Amendment Date in a sentence
On and after the Second Amendment Date, the Loan Parties shall diligently pursue a sale of the North Carolina Business.
A fully earned, non refundable facility fee of One Hundred Fifty Thousand Dollars ($150,000.00) to be shared between the Lenders pursuant to their respective Commitment Percentages payable as follows: (i) Seventy Five Thousand Dollars ($75,000.00) shall be due and payable on the Effective Date; (ii) Twenty Five Thousand Dollars ($25,000.00) shall be due and payable on the Second Amendment Date; and (iii) Fifty Thousand Dollars ($50,000.00) shall be due and payable on the Funding Date of the Term B Loans.
A further amount of Twenty Thousand Dollars ($20,000.00) has been received by Collateral Agent as good faith deposit from Borrower on or about July 17, 2018, which amount shall be applied towards the facility fee due under Section 2.5(a) hereof on the Second Amendment Date.
A fully-earned, non-refundable final payment, due on the Second Amendment Date in connection with the Original Term A Loans, in the aggregate amount of Eight Hundred Fifty Thousand Dollars ($850,000.000) (the “Second Amendment Final Payment”), payable to the Lenders in accordance with their respective Pro Rata Shares (as determined immediately prior to the Second Amendment Date).
Each Lender’s Second Amendment Date Commitment shall terminate immediately and without further action on the Second Amendment Date after giving effect to the funding of such Lender’s Second Amendment Date Commitment on such date.