Initial Borrowing definition

Initial Borrowing means the first Borrowing made pursuant to this Agreement.

Initial Borrowing shall have the meaning assigned to such term in Section 2.22(b).

Initial Borrowing means the initial Borrowing to be made on the Closing Date which shall be or is comprised of (a) Revolving Advances and (b) L/C Credit Extensions pursuant to Section 2.01(c).

Examples of Initial Borrowing in a sentence

• On or prior to the Initial Borrowing Date, the Effective Date shall have occurred.

• On or prior to the Initial Borrowing Date, the Facility Agent shall have received satisfactory evidence from the Parent, the Borrower and any other applicable Credit Party that they have each appointed an agent in London for the service of process or summons in relation to each of the Credit Documents.

• Insofar as such filings or registrations have not been completed on or before the Initial Borrowing Date, the Borrower will procure the filing or registration within applicable time limits of each Security Document which requires filing or registration together with all ancillary documents required to preserve the priority and enforceability of the Security Documents.

• On the Initial Borrowing Date and to the extent that the Initial Syndication Date has occurred, the Security Trust Deed shall have been executed by the parties thereto and shall be in full force and effect.

• On the Initial Borrowing Date, the Pledgor shall have duly authorized, executed and delivered a Bermuda share charge for the Borrower substantially in the form of Exhibit F (as modified, supplemented or otherwise modified from time to time, the “Share Charge”) or otherwise reasonably satisfactory to the Lead Arrangers, together with the Share Charge Collateral.

More Definitions of Initial Borrowing

Initial Borrowing has the meaning set forth in Section 2.09(d).

Initial Borrowing means the Loans made by the Initial Lenders on the Effective Date pursuant to Section 2.01 hereof.

Initial Borrowing means the first Borrowing by Borrower under this Agreement.

Initial Borrowing means a borrowing consisting of simultaneous Initial Loans of the same Type and, in the case of Eurocurrency Rate Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01(a), in each case, on the Closing Date.

Initial Borrowing means the first Credit Event under this Agreement.

Initial Borrowing has the meaning given that term in Section 2.2(a)(ii).

Initial Borrowing means the initial Borrowing hereunder pursuant to Section 2.01.