Initial Credit Event definition

Initial Credit Event means the first Credit Event hereunder to occur.
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Initial Credit Event shall have the meaning assigned to such term in Section 4.01.
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Initial Credit Event means the initial Credit Extension hereunder.
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Examples of Initial Credit Event in a sentence

  • The obligation of each Lender to make the Initial Extension of Credit shall not become effective until the date on which each of the following conditions, and each of the conditions set forth in Section 3.02, is satisfied (or waived in accordance with Section 11.02); provided that each of the conditions set forth in this Section 3.01 shall be satisfied or waived no later than the Initial Credit Event Date.

  • Effective Date; Conditions to Initial Credit Event 48 SECTION 3.02.

  • Effective Date; Conditions to Initial Credit Event 51 Section 3.02.

  • Notwithstanding the foregoing, all the Commitments shall automatically terminate at 5:00 p.m., New York City time, on April 2, 2007, if the Initial Credit Event shall not have occurred by such time.

  • The Credit Event Date must be an Initial Credit Event Date or the Adjustment Date.

  • Conditions Precedent 71 Section 4.1. Initial Credit Event 71 Section 4.2. All Credit Events 73 Section 4.2. Post Closing 74 Section 5.

  • The Total Equity Commitment shall thereafter be increased on each Initial Credit Event Date after the Closing Date by the Allocated Portion of the Total Equity Commitment for the Project that becomes an Approved Project (including a Substitute Project that replaces an Approved Project) on such Initial Credit Event Date.

  • The amount of In Kind Equity Contributions set forth in such In Kind Equity Contributions Certificate, as confirmed by Administrative Agent and the Independent Engineer, shall be deemed to be the amount of In Kind Equity Contributions made, or caused to be made, by Borrower on the applicable Initial Credit Event Date.

  • Borrower may make, or cause to be made, additional In Kind Equity Contributions with respect to an Approved Project on the Initial Credit Event Date for such Approved Project.

  • Section 6.2 Prior to Initial Credit Event...............................................


More Definitions of Initial Credit Event

Initial Credit Event means the initial Credit Event made under this Credit Agreement, after giving effect to its amendment and restatement pursuant to the terms hereof.
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Initial Credit Event means the first Credit Event hereunder to
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Initial Credit Event has the meaning set forth in Section 6.12.
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Initial Credit Event means the initial Borrowing on or about the Closing Date.
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Related to Initial Credit Event

  • Credit Event shall have the meaning assigned to such term in Section 4.01.

  • Credit Event UPB With respect to any Credit Event Reference Obligation, the unpaid principal balance thereof as of the end of the Reporting Period related to the Payment Date that it became a Credit Event Reference Obligation.

  • Credit Event Notice means an irrevocable notice from the Issuer or the Swap Counterparty, as the case may be, to the other party (in the form and delivered in the manner described in the Default Swap) that describes a Credit Event that occurred on or after the Effective Date of the Default Swap.

  • Credit Event Amount With respect to each Payment Date, the aggregate amount of the Credit Event UPBs of all Credit Event Reference Obligations for the related Reporting Period.

  • Additional Credit Extension Amendment means an amendment to this Agreement providing for any Incremental Commitments which shall be consistent with the applicable provisions of this Agreement relating to such Incremental Commitments and otherwise reasonably satisfactory to the Administrative Agent and the Borrower.