Initial Loan definition

Initial Loan is defined in Section 2.1.

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Initial Loan means the first Loan made on or after the Closing Date.

Initial Loan means the first Loan made by the Lenders under this Agreement.

Examples of Initial Loan in a sentence

The Administrative Agent shall have received evidence reasonably satisfactory to it that, immediately after giving effect to the Borrowing of the Initial Loan on the Closing Date, the Borrower will be in compliance with the covenant set forth in Section 10.01.
The obligation of each Lender to provide the Commitments and make the Initial Loan on the Closing Date shall be subject to the execution and delivery of this Agreement by the parties hereto, the delivery of a Borrowing Notice as required pursuant to Section 2.02(a), and the prior or concurrent satisfaction or waiver of each of the conditions precedent set forth below in this Article.
The obligation of the Lenders to make the Second Tranche Delayed Draw Commitments shall be subject to the prior making of the Initial Loan, the delivery of a Borrowing Notice for such Second Tranche Delayed Draw Loan as required pursuant to Section 2.02(a), and the satisfaction of each of the conditions precedent set forth below in this Section 6.02.
The obligation of the Lenders to make the Third Tranche Delayed Draw Commitments shall be subject to the prior making of the Initial Loan, the delivery of a Borrowing Notice for such Third Tranche Delayed Draw Loan as required pursuant to Section 2.02(a), and the satisfaction of each of the conditions precedent set forth below in this Section 6.02.

Initial Loan means a Loan made pursuant to Section 2.01(a).

Initial Loan shall have the meaning provided in Section 2.01(a).

Initial Loan has the meaning specified in Section 2.01.

Initial Loan means an Initial Term Loan or an Initial Revolving Credit Loan.

Initial Loan means the first Loan which is made pursuant to the terms hereof.

Initial Loan means the principal amount of USD 1,000,000 made or to be made available by the Lender on the terms of this Agreement;

Initial Loan means the principal sum agreed to be lent ■ ■ ■ ■ ■