Initial Availability Period definition

Initial Availability Period means the period from and including the Closing Date to but excluding the earliest of

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Initial Availability Period means the period from and including the Closing Date to but excluding the earliest of (a) the Initial Revolving Credit Maturity Date, (b) the date of termination of the Initial Revolving Credit Commitments pursuant to Section 2.06 and (c) the date of termination of the commitment of each Initial Revolving Credit Lender to make Initial Revolving Credit Loans and of the obligation of each L/C Issuer to make L/C Credit Extensions pursuant to Section 9.02.

Initial Availability Period means the period from and including the Amendment No. 6 Effective Date to but excluding the earliest of (a) the Initial Revolving Credit Maturity Date, (b) the date of termination of the Initial Revolving Credit Commitments pursuant to Section 2.06 and (c) the date of termination of the commitment of each Initial Revolving Credit Lender to make Initial Revolving Credit Loans and of the obligation of each L/C Issuer to make L/C Credit Extensions pursuant to Section 9.02.

Examples of Initial Availability Period in a sentence

• Exempt Refinancing The defined terms referred to in limb (c)(vi) should follow those contained in the Senior Funding Agreements – the Initial Availability Period being the construction phase drawdown period.

• Each Delayed Draw Lender’s Delayed Draw Loan Commitment (other than any Upsize Delayed Draw Loan Commitment provided on the Amendment No. 1 Effective Date) expired on the last day of the Initial Availability Period after giving effect to any funding of such Delayed Draw Lender’s Delayed Draw Loan Commitment on such date.

• No amount prepaid pursuant to this clause 7.3 after the end of the Initial Availability Period shall be available for redrawing and the relevant amount set out in clause 4.1.1 shall be reduced by the amount cancelled.

• If the Original Borrower has notified the Agent in writing not earlier than 45 Banking Days and not later than 30 Banking Days prior to the end of the Initial Availability Period that all or part of the Loan is to convert to a term loan, then the Borrowers shall not be obliged to repay any Advances whose Maturity Date is the last day of the Availability Period, but on such day such Advances shall be consolidated and converted into a term loan and shall instead be repaid on or before 31 March 2003.

• The Borrowers shall repay each Advance on its Maturity Date if such Maturity Date falls on or before the last day of the Availability Period and, on the last day of the Initial Availability Period, the Total Commitments shall be reduced to zero, save as set out below.

More Definitions of Initial Availability Period

Initial Availability Period means the period from, and including, the Signing Date to, and including, the date falling two (2) Business Days following the Signing Date.

Initial Availability Period means the period from and including the Effective Date to the earliest of (a) the Maturity Date, (b) the Closing Date,

Initial Availability Period means the time between entry of the Interim Order and entry of the Final Order.

Initial Availability Period means the period from and including the Effective Date to the earliest of (a) the Maturity Date, (b) the Closing Date, (c) the date of termination of the Aggregate Commitments pursuant to Section 2.06, and (d) the date of termination of the commitment of each Lender to make Loans and of the obligation of the L/C Issuers to make L/C Credit Extensions pursuant to Section 8.02.

Initial Availability Period means [♦]11; "Initial Financial Model" is the financial model a summary of which is identified in Annexure 6;

Initial Availability Period means the period beginning on the Closing Date and ending on July 20, 2018.”

Initial Availability Period means the period starting on the Issue Date and ending on the date falling twelve (12) calendar months after the Issue Date (as may be extended by the Lender in its sole discretion) or, if earlier, on the date a Qualified Offering is consummated by the Borrower as contemplated by Section 7.