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Effective Date
Effective Date contract clause examples

Effective Date and Allocations. If Incremental Facilities are established pursuant to this Section, the Administrative Agent and the Borrower shall determine the final allocation of each such Incremental Facility among the [[Loan Parties:Organization]] (including for this purpose any Eligible Assignees that provide a portion of such Incremental Facility) and such increase shall become effective on the first date all of the conditions precedent in [Section 2.15(e)] are satisfied or waived in accordance with Section 11.01 (such date, an “Increase Effective Date”). The Administrative Agent shall promptly notify the [[Loan Parties:Organization]] of the final allocation of such increase and the Increase Effective Date.

Effective Date and Allocations. If the Incremental Term Facility and/or Incremental Revolving Commitments are effected in accordance with this Section, the Administrative Agent and the [[Consolidated Parties:Organization]] shall determine the effective date (the “Increase Effective Date”) and the final allocations of such Incremental Term Facility and/or Incremental Revolving Commitments which, for any existing Lender participating in such Incremental Term Facility or Incremental Revolving Commitments, need not be ratable in accordance with their respective Pro Rata Shares prior to such increase). The Administrative Agent shall promptly notify the [[Consolidated Parties:Organization]] and the Lenders of such final allocations and the Increase Effective Date.

Effective Date and Allocations. If the Incremental Term Facility and/or Incremental Delayed Draw Term Loans are effected in accordance with this Section, the [[Administrative Agent:Organization]] and the shall determine the effective date (the “Increase Effective Date”) and the final allocations of such Incremental Term Facility and/or Incremental Delayed Draw Term Loans which, for any existing participating in such Incremental Term Facility or Incremental Delayed Draw Term Loans, need not be ratable in accordance with their respective Pro Rata Shares prior to such increase). The [[Administrative Agent:Organization]] shall promptly notify the and the Lenders of such final allocations and the Increase Effective Date.

Effective Date and Allocations. If either Facility is increased in accordance with this Section, the [[Administrative Agent:Organization]] and the shall determine the effective date (the “Increase Effective Date”) and the final allocation of such increase. The [[Administrative Agent:Organization]] shall promptly notify the and each Appropriate [[Organization A:Organization]] and the New Revolving of the final allocation of such increase and the Increase Effective Date.8 48

Parties, each Incremental Lender with respect to the Incremental Loan under the Incremental Facility Amendment (to the extent applicable) and the Administrative Agent (provided that, with the consent of each Incremental Lender with respect to the Incremental Loan under the Incremental Facility Amendment, the Administrative Agent may execute such Incremental Facility Amendment on behalf of the applicable Incremental Lenders). Any Incremental Loan Commitment shall become effective as of such Increased Amount Date; provided that each of the following conditions has been satisfied or waived as of such Increased Amount Date, which in the case of an Incremental Term Loan to be used to finance a Limited Condition Acquisition, shall be subject to [Section 1.14]:

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