First Availability Period definition

First Availability Period means that period commencing on and including the date that is fifteen (15) days after the Closing Date and ending on the earliest of (i) the date on which no Notes remain outstanding, (ii) the First Delayed Draw Note Closing Date, and (iii) February 15, 2020 (which date shall be extended by up to fifteen (15) days in order to provide sufficient time for closing if Issuer delivers the Notice of Issuance of the First Delayed Draw Notes between February 1, 2020 and February 15, 2020).

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First Availability Period shall refer to the period of time until the September 30, 2014. “Permitted Reorganization” shall refer to the corporate reorganization including the merger and changes of ownership, under the terms set forth in the “Transaction Agreement” executed in English on the date hereof by and among the Debtor, Corpbanca, Banco Corpbanca Colombia S.A., Itaú Unibanco Holding, S.A., Banco Itaú Chile and Itaú BBA Colombia, S.A. Corporación Financiera. For the purpose of this Agreement, it shall be understood that the Permitted Reorganization has been completed upon fulfillment of all of the following conditions and/or events: /i/ That all approvals from the relevant national and international authorities shall have been obtained and that they shall be listed in the Transaction Agreement; /ii/ that the shareholders’ agreement shall have been executed under the terms set forth in the Transaction Agreement, and ; /iii/ that the Committed Pledges shall have been levied to the full satisfaction of Creditor under the terms set forth in paragraph /8//r/ of Section Ten of this Agreement. “Second Availability Period” shall refer to period of time from the date of the authorization of the Chilean Superintendency of Banks and Financial Institutions to carry out the Permitted Reorganization under the terms set forth in the Transaction Agreement until December 31. 2014. “Disbursement Application” shall refer to the written application delivered by the Debtor to the Creditor requesting the disbursement of the Loan, in the form stated in EXHIBIT “M” hereof and which is notarized under the same number of repertoire as this public deed, and is made an integral part of this Agreement for all legal purposes. “Interest Rate” shall refer to LIBOR plus the Applicable Margin to be determined on the first Banking Business Day of each Interest Period of the Loan. “LIBOR” shall refer, for each bank business day: /a/ the rate determined by the “British Bankers Association” for 360-day Dollar deposits and published in the “LIBORM” Reuters page, and in default thereof, in the page that replaces it, in both cases at 11.00 am London time, on the second business day before the commencement of each Interest Period; /b/ in the event the LIBOR could not be determined in accordance with the foregoing, it shall refer to the average of the respective annual rates for 360-day Dollar deposits offered by five referential banks /to be defined by the Agent Bank / on the London interbank market at 11 a.m., Londo...

First Availability Period means the period of time from the date hereof to September thirty, two thousand fourteen. “Permitted Reorganization” means the corporate reorganization, including the merger and changes of ownership, in the terms and conditions indicated in the agreement, drawn up in English, named “Transaction Agreement” signed on this date between the Debtor, Corpbanca, Banco Corpbanca Colombia S.A., Itaú Unibanco Holding, S.A., Banco Itaú Chile and Itaú BBA Colombia, S.A. Corporación Financiera. For the purposes of this Agreement, it will be understood that the Permitted Reorganization has been concluded when each and every one of the following conditions and/or events have been complied with: /i/ That all the authorizations have been obtained from the corresponding authorities, both local and international, and that are indicated in the Transaction Agreement; /ii/ That the shareholders’ agreement has been signed according to the terms of the Transaction Agreement, and; /iii/ That the Committed Pledges have been established to the full satisfaction of the Creditor in the terms indicated in item /eight/ of letter /r/ of Clause Ten of this Agreement.

Examples of First Availability Period in a sentence

• The Debtor hereby unconditionally agrees to pay to the Creditor, the principal amount outstanding under the Credit Facility in one single installment due on a day that is seven years and fifteen days from the Disbursement date corresponding to the first Disbursement made during the First Availability Period, hereinafter referred to as the “Maturity Date”, and the payment of the principal made on such date to the Creditor, shall be hereinafter referred to as a “Repayment”.

• The Debtor unconditionally undertakes to pay the Creditor the capital owed on the Loan in a single installment with maturity on the day of completing seven years and fifteen days from the Disbursement Date corresponding to the first Disbursement made during the First Availability Period, hereinafter the “Maturity Date” and the capital payment made on that date to the Creditor, as an “Amortization”.

• In addition to the conditions precedent set forth in paragraph /Three.Three/ above, the first Disbursement to be made during the Second Availability Period shall be subject to the fulfillment of the following conditions precedent, all of which shall be met not only on the date of filing the Disbursement Application but also on the Disbursement Date, unless otherwise provided for in the respective condition: /a/ That at least one Disbursement during the First Availability Period shall have been made.

• Three.Four/ Additional Conditions to the first Disbursement during the First Availability Period.

More Definitions of First Availability Period

First Availability Period shall refer to the period of time until the September 30, 2014. “Permitted Reorganization” shall refer to the corporate reorganization including the merger and changes of ownership, under the terms set forth in the “Transaction Agreement” executed in English on the date hereof by and among the Debtor, Corpbanca, Banco Corpbanca Colombia S.A., Itaú Unibanco Holding, S.A., Banco Itaú Chile and Itaú BBA Colombia, S.A.

First Availability Period means the period from the Closing Date through October 30, 1997.