Initial Availability Date definition
Examples of Initial Availability Date in a sentence
The Administrative Agent shall promptly notify the Lenders of the occurrence of the Initial Availability Date.
Each Swing Line Bank severally agrees, on the terms and conditions hereinafter set forth, to make Swing Line Advances in Dollars to any Borrower from time to time on any Business Day during the period from the Initial Availability Date until the Termination Date in an aggregate amount outstanding not to exceed at any time the lesser of (i) such Swing Line Bank’s Swing Line Commitment or Unused Commitment at such time and (ii) the Unused Commitments of the Lenders at such time.
Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Company from time to time on any Business Day during the period from the Initial Availability Date until the Termination Date in an aggregate amount (based in respect of any Advance denominated in an Alternative Currency on the Equivalent in Dollars determined on the date of delivery of the applicable Notice of Borrowing), not to exceed such ▇▇▇▇▇▇’s Unused Commitment.