First Borrowing Date definition

First Borrowing Date means the date of the first Borrowing hereunder.

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First Borrowing Date means the date, which shall be a Business Day, on which each condition precedent set forth in Section 4.02 shall have been satisfied or otherwise waived, in each case as determined by Lender in its sole discretion.

First Borrowing Date means the first Borrowing Date to occur.

Examples of First Borrowing Date in a sentence

• All action necessary or desirable to protect and perfect such security interest in each item of the Collateral will have been duly taken prior to the First Borrowing Date.

• The parties to this Agreement shall prepare a mutually agreeable press release announcing the completion of this transaction on the First Borrowing Date.

• Lenders shall be satisfied with Lien searches regarding Borrower and its Subsidiaries made within two Business Days prior to the First Borrowing Date.

• No event has occurred and is continuing and no condition exists which constitutes a Default or an Event of Default after giving effect to the Advance to be made on the First Borrowing Date.

• Each Lender has severally, on and subject to the terms and conditions of this Agreement, made a term loan of $50,000,000 in aggregate principal amount to the Borrower on the First Borrowing Date in accordance with such Lender’s Proportionate Share of such Loan.

More Definitions of First Borrowing Date

First Borrowing Date means August 15, 2013.

First Borrowing Date the first date on which an Advance is made.

First Borrowing Date either a Tranche 1 or Tranche 2 First Borrowing Date.

First Borrowing Date means the first date on which a Borrowing hereunder is made.

First Borrowing Date the date of the first borrowing by a Borrower -------------------- hereunder.

First Borrowing Date either a Tranche 1, Tranche 2, Tranche 3 or Tranche 4 First -------------------- Borrowing Date.

First Borrowing Date means the date on which the initial portion of the Loan (being up to U.S.$20,000,000 net of expenses) is made, following satisfaction (or waiver) of the conditions precedent set forth in Sections 3.1 and 3.3 of the ICBC Loan Agreement.