Initial Funding Date definition

Initial Funding Date means the date on or after the Closing Date, on which all of the conditions described in Section 6.1 have been satisfied (or waived) in a manner satisfactory to the Administrative Agent and the Lenders and on which the initial Loans under this Agreement are made by the Lenders to the Borrower.

Initial Funding Date means the Funding Date on which the first Loan is made pursuant to this Agreement, as specified in the Initial Borrower Funding Request.

Initial Funding Date means the date described in Section 2.3 of the ECCA.

Examples of Initial Funding Date in a sentence

• Commencing with the quarter in which the Initial Funding Date occurs, the Large EDUs will deposit their Required Percentage of their respective LCFS Credit Revenue into their respective EDU Contribution Accounts no less frequently than on a quarterly basis in arrears and in one or more transactions that shall be made no later than the end of the last business day of the following quarter.

• In the event the Account structure includes an Individual Deposit Account for such Large EDU, such Large EDU shall also execute and deliver its Individual Deposit Agreement to the Financial Institution on or prior to the earlier to occur of the Initial Funding Date and the date on which it makes its Initial EDU Contribution.

• After the Liquidity Reserve Initial Funding Date, the Liquidity Reserve Fund will be replenished up to the Liquidity Reserve Fund Required Amount from Available Revenue Receipts in accordance with the Pre-Enforcement Revenue Priority of Payments.

• The Reserve Account shall have been established and be subject to an effective DACA Agreement in form and substance reasonably satisfactory to both Agents; provided that, with respect to the Advance made on the Initial Funding Date, the amounts required to be deposited in the Reserve Account pursuant to the Loan Documents shall be so deposited from the proceeds of the Advance made on the Initial Funding Date.

• Following the Initial Funding Date, each Commitment shall be permanently reduced by the used portion of such Commitment.

More Definitions of Initial Funding Date

Initial Funding Date means the date following the Effective Date on which the conditions specified in Section 4.02(a) are satisfied.

Initial Funding Date means the first date on which any Lender makes a Loan hereunder.

Initial Funding Date means the date on or after the Closing Date on which all of the conditions described in Section 6.1 have been satisfied (or waived) in a manner satisfactory to the Administrative Agent and the Lenders and on which the initial Loans under this Agreement are made by the Lenders to the Borrower.

Initial Funding Date means the first date on which all the conditions precedent in Section 6.02 are satisfied (or waived in accordance with Section 14.01).

Initial Funding Date means the earlier of (a) the date on which the initial Advances are made, and (b) the date the initial Letter of Credit is issued.

Initial Funding Date means 20 March 2013.

Initial Funding Date means the initial Funding Date.