Initial Funding Date definition
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 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 date on or after the Effective Date on which the conditions specified in Section 4.02 are first satisfied (or waived in accordance with Section 9.08).
Examples of Initial Funding Date in a sentence
The Finance Rate shall increase or decrease monthly, on the first day of each month, by the amount of any increase or decrease in the Prime Rate but at no time will the Finance Fee be less than nine percent (9.00%) for the first year from the Initial Funding Date, eight and three quarters of one percent (8.75%) for the second year of the Initial Term, and eight and one half of one percent (8.50%) for the third year of the Initial Term (the “Floor Rate”).
Client shall pay Bay View on the Initial Funding Date, a facility fee (the "Facility Fee") in the amount of one half of one percent (0.50%) of the Maximum Credit, which fee is fully earned and non-refundable as of the date of this Agreement.
More Definitions of Initial Funding Date
Initial Funding Date means the date of the initial Revolving Advance in respect of Receivables hereunder.
Initial Funding Date means the date described in Section 2.3 of the ECCA.
Initial Funding Date means the initial Funding Date.
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 date in which Buyer makes the first purchase of any Receivable pursuant to this Agreement.
Initial Funding Date means the date on which the conditions precedent set forth in Section 3.2 have been waived or satisfied, regardless of whether actual Advances are made on such date; provided that the Initial Funding Date shall be at least four Business Days after the Closing Date.