Initial Borrowing means the first Borrowing made pursuant to this Agreement.
Initial Borrowing shall have the meaning assigned to such term in Section 2.22(b).
Examples of Initial Borrowing in a sentence
Notwithstanding the foregoing, the Withdrawal Cap shall not apply to the Initial Borrowing.
The Borrowing Base in effect during the period from and including the Effective Date to a redetermination pursuant to Section 2.06(b) below shall be the Initial Borrowing Base and the Monthly Commitment Reduction during such period shall be $0.00 and the Half Life shall be 60 months.
At no time on or after the Initial Borrowing Date shall Holdings directly own or charter any Vessel.
More Definitions of Initial Borrowing
Initial Borrowing means the initial Borrowing to be made on the Closing Date which shall be or is comprised of (a) Advances and/or (b) L/C Credit Extensions.
Initial Borrowing means the Loans made by the Initial Lenders on the Effective Date pursuant to Section 2.01 hereof.
Initial Borrowing has the meaning set forth in Section 2.2(a).
Initial Borrowing means the first Borrowing under this Agreement.
Initial Borrowing has the meaning assigned to such term in Section 2.01(a).
Initial Borrowing means the first Credit Event under this Agreement.
Initial Borrowing means the initial Borrowing hereunder pursuant to Section 2.01.