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) Term Advances, (b) Revolving Advances and/or (c) L/C Credit Extensions.

Examples of Initial Borrowing in a sentence

• The proposed Borrowing Date specified in each Notice of Borrowing shall be (i) in the case of the Term Loans, the Initial Borrowing Date and (ii) in the case of the Revolving Loans, a Business Day falling during the Commitment Period.

More Definitions of Initial Borrowing

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

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

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 assigned to such term in Section 2.01(a).

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

Initial Borrowing means the Borrowing to occur on the Closing Date.