Initial Loans definition

Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

Initial Loans has the meaning given to such term in Section 2.19(d).

Initial Loans shall have the meaning provided in Section 2.1(a).

Examples of Initial Loans in a sentence

• The Borrower agrees that Initial Loans shall be issued with original issue discount (“OID”) of 1.875% of the amount of all of the Initial Commitments of the Lenders as of the Closing Date (prior to the termination of such Initial Commitments); provided that that all calculations of interest and fees in respect of the Initial Loans shall be calculated on the basis of their full stated principal amount.

• Immediately after giving effect to the Borrowing of the Initial Loans on the Closing Date and the other transactions contemplated by this Agreement and the other Loan Documents, the Borrower and its Subsidiaries on a consolidated basis are Solvent.

• The Initial Commitment of each Initial Lender to fund the Initial Loans shall expire upon the funding by the Initial Lenders of the Initial Loans on the Closing Date.

• There shall be no (i) material litigation pending, or to any Loan Party’s knowledge threatened in writing, against or affecting the Borrower or any Subsidiary, or (ii) injunction or other form of restraining order, which in either case restrains or restricts or seeks to restrain or restrict the closing of this Agreement or the making of the Initial Loans.

• CONDITIONS OF LENDING AND ISSUANCE OF LETTERS OF CREDIT 101 8.1 Initial Loans and Letters of Credit 101 8.1.1 Deliveries 101 8.1.2 Payment of Fees 104 8.2 Each Loan or Letter of Credit 104 9.

More Definitions of Initial Loans

Initial Loans means those Loans conveyed to the Issuer on the Closing Date and identified on the initial List of Loans required to be delivered pursuant to Section 2.02(d).

Initial Loans has the meaning assigned to such term in Section 2.20(b).

Initial Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01.

Initial Loans means the Loans made on the Closing Date.

Initial Loans means the initial Loans made under this Agreement.

Initial Loans means the Revolving Credit Loans made to the Borrowers on the Effective Date pursuant to the Initial Notice of Borrowing.

Initial Loans means, collectively, the Initial Revolving Loans and the Initial Term Loans.