Initial Availability Date Sample Clauses
The Initial Availability Date clause defines the specific date when a product, service, or asset becomes available for use, delivery, or access under the agreement. This clause typically sets a clear timeline for when obligations related to availability commence, such as when a leased property can be occupied or when a software system is accessible to the client. By establishing a definitive start date, the clause ensures both parties have a mutual understanding of when responsibilities and rights begin, thereby preventing disputes over timing and facilitating smooth project or service initiation.
Initial Availability Date. The obligations of the ------------------------- Lenders to make Loans hereunder on the occasion of the first Borrowing hereunder shall be subject to the occurrence of the Effective Date and the satisfaction (or waiver in accordance with Section 9.02) of the following additional conditions:
(a) The Administrative Agent shall have received a favorable written opinion or opinions (addressed to the Agents and the Lenders and dated the Effective Date) of one or more counsel for the Loan Parties reasonably satisfactory to the Administrative Agent, collectively to the effect set forth in Exhibit J, and covering such other matters relating to the Loan Parties, the Loan Documents or the Transactions as the Administrative Agent shall reasonably request. Holdings and the Borrower hereby request their counsel referred to in this paragraph to deliver such opinions.
(b) The Administrative Agent shall have received such documents and certificates as the Administrative Agent or its counsel may reasonably request relating to the organization, existence and good standing of the Loan Parties, the authorization of the Transactions and any other legal matters relating to the Loan Parties, the Loan Documents or the Transactions, all in form and substance satisfactory to the Administrative Agent and its counsel.
(c) The Administrative Agent shall have received a certificate, dated the Effective Date and signed by the President, a Vice President or a Financial Officer of the Borrower, confirming compliance with the conditions set forth in paragraphs (a) and (b) of Section 4.04.
(d) The Agents and Lucent shall have received all fees and other amounts due and payable to them hereunder on or prior to the Initial Availability Date, including, to the extent invoiced, reimbursement or payment of all expenses required to be reimbursed or paid by the Borrower hereunder or under any other Loan Document.
(e) The Collateral and Guarantee Requirement shall have been satisfied and the Agents shall have received a completed Perfection Certificate dated the Effective Date and signed by a Financial Officer of the Borrower, together with all attachments contemplated thereby, including (i) the results of a search of the Uniform Commercial Code (or equivalent) filings made with respect to the Borrower and the Subsidiary Loan Parties in the jurisdictions contemplated by the Perfection Certificate and (ii) copies of the financing statements (or similar documents) disclosed by such search and evidenc...
Initial Availability Date. The occurrence of the Initial Availability Date is subject to the satisfaction (or wavier in accordance with Section 9.02) of the following conditions:
Initial Availability Date. The Initial Availability Date shall have occurred on or before December 31, 2017.