Upsize Trigger Date definition

Upsize Trigger Date means the date specified in an Upsize Notice (being not less than thirty (30) days following the date of such Upsize Notice) on which the Borrowers request an increase in the Maximum Amount pursuant to Clause 2.1.2.
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Examples of Upsize Trigger Date in a sentence

  • If at the end of such ten (10) day period not all of the Upsize Amount has been subscribed, then the Upsize Amount shall be reduced to the amount subscribed, and the reduced Upsize Amount shall take effect from the Upsize Trigger Date.

  • Following each Upsize Trigger Date, the participating Lenders agree to make their Commitments in the Maximum Amount as increased by the relevant Upsize Amount available to the Borrowers.

  • The aggregate amount of the Facility following each Upsize Trigger Date shall not exceed the Maximum Amount.

  • In the case of any increase in the Maximum Amount in accordance with Clause 2.1.2, the Commitment of each Lender will be in accordance with the revised Schedule 1 circulated by the Agent pursuant to Clause 2.1.2 at or about the relevant Upsize Trigger Date.

  • Save in the case of manifest error, such amended Schedules shall be binding on all the parties with effect from the relevant Upsize Trigger Date.

  • Save in the case of manifest error, such amended Schedules shall be binding on all the parties with effect from the relevant Upsize Trigger Date, and each Lender, whether participating in the Upsize Amount or not, agrees to sign all documents reasonably necessary in connection therewith (but if not so participating shall not be entitled to any additional fee).

  • At or around each Upsize Trigger Date, the Agent shall circulate to each of the parties an amended Schedule 8 to reflect the increased Maximum Amount, which shall be calculated on the same basis as the initial Schedule 8, with a balloon payment of forty five per cent (45%), and amended Schedules 1 and 2 to reflect the amended Commitments and the Additional Vessels and Additional Borrowers.

  • We agree to pay you as Agent a fee of [ ] Dollars ($[ ]) for distribution to the Participating Lenders on the Upsize Trigger Date.

  • We hereby request an increase in the Maximum Amount by [ ] Dollars ($[ ]) to up to [ ] Dollars ($[ ]) which increase to be effective from [insert date at least 30 days after date of this Notice] (the “Upsize Trigger Date”), such increase to be allocated as to [ ] Dollars ($[ ]) to Tranche A and as to [ ] Dollars ($[ ]) to Tranche B.] We agree to pay you as Agent a fee of [ ] Dollars ($[ ]) for distribution to the Participating Lenders on the Upsize Trigger Date.

Related to Upsize Trigger Date

  • ii) Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Flip-In Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Final Trigger Level means 85.00%, being a percentage against which the performance of the Index will be measured in order to determine the Final Redemption Amount.

  • Trigger Event Date means a date on which a Trigger Event has occurred as determined by the Calculation Agent.