Common use of Initial Funding Date Clause in Contracts

Initial Funding Date. The obligations of the Lenders to extend Loans in respect of the Interim Loan Commitments on the Initial Funding Date are subject to the satisfaction of the following conditions precedent on or before such date:

Appears in 3 contracts

Sources: Senior Secured Interim Loan Agreement (Avis Budget Group, Inc.), Senior Unsecured Interim Loan Agreement (Avis Budget Group, Inc.), Senior Interim Loan Agreement (Avis Budget Group, Inc.)