Examples of Increase Effective Date in a sentence
The Administrative Agent shall promptly notify (i) the Incremental Lenders of the amount and Class of such Facility Increase and the Increase Effective Date, and (ii) the Incremental Lenders of the final allocation of such Facility Increase.
Such Revolving Credit Increase Notification shall specify the applicable Revolving Credit Increase Effective Date and shall also specify the Tranche subject to increase; provided, that if the Company seeks to increase both Tranches, it shall indicate how such increase is to be allocated between the Tranches.
Each financial institution that becomes a New Lender pursuant to this Section by the execution and delivery to the Administrative Agent of the applicable Increase Agreement shall be a “Lender” for all purposes under this Agreement on the applicable Increase Effective Date.
The Administrative Agent shall promptly notify the Borrower Agent and the Revolving Lenders of the final allocation of such increase among the Lenders providing such increase and the Increase Effective Date.
The Revolving Loans outstanding on the Increase Effective Date shall be reallocated and adjusted between and among the applicable Lenders, and the Borrowers shall pay any additional amounts required pursuant to Section 4.05 resulting therefrom, to the extent necessary to keep the outstanding applicable Revolving Loans ratable among the applicable Lenders with any revised Pro Rata Shares, as applicable, arising from any nonratable increase in the applicable Revolving Loans under this Section 2.15.