Initial Syndication definition

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Initial Syndication means a sale to any unaffiliated person or group of persons in connection with the initial syndication of the Selling Investors’ investment in the Common Stock, which sale(s) occur at any time(s) within the six nine (6) months following the Closing (as such term is defined in the Stockholder’s Agreement) at a per share sale price that does not exceed 110% of the Base Price (as such term is defined in the Stockholder’s Agreement).

Initial Syndication is defined in clause (a) of Section 10.11.1.

Examples of Initial Syndication in a sentence

On the Initial Borrowing Date and to the extent that the Initial Syndication Date has occurred, the Security Trust Deed shall have been executed by the parties thereto and shall be in full force and effect.
On or prior to the Initial Borrowing Date and to the extent that the Initial Syndication Date has occurred, the definitive credit documentation related to the KfW Refinancing (including, without limitation, the Interaction Agreement) shall have been duly executed and delivered by the parties thereto and shall be reasonably satisfactory to KfW and the Refinanced Banks, and the KfW Refinancing shall be effective in accordance with its terms.
Subject to the provisions of Clause 2.3 (Non-Trust Jurisdictions), and with effect from the Initial Syndication Date each of the Secured Parties appoints the Delegate Collateral Agent and the Delegate Collateral Agent declares itself, trustee of the Trust Property Delegated to hold the same on trust for the Secured Creditors for the purpose of securing the Secured Obligations on the terms and subject to the conditions set out in this Deed.
Following the Initial Syndication Period, if and for so long as a Successful Syndication (as defined in the Fee Letter) has not been achieved, the syndication of the Facility shall be conducted by the Arrangers in consultation with the Borrower.
Subject to the provisions of Clause 2.3 (Non-Trust Jurisdictions), and with effect from the Initial Syndication Date each of the Secured Parties appoints the Collateral Agent and the Collateral Agent declares itself, as trustee of the Trust Property to hold the same on trust for the Secured Creditors for the purpose of securing the Secured Obligations on the terms and subject to the conditions set out in this Deed.
Notwithstanding anything to the contrary in this Section 13.3, but subject to Section 13.1(b), the Initial Syndication shall require the prior written consent of the Seller and ADT, which may be withheld in their sole respective discretions.
Section 2.2 of the Loan Agreement is hereby amended by deleting the language “On and after the Initial Syndication Date and until the second anniversary of the Closing Date” and replacing it with the new language “On and after the First Amendment Effective Date and until (but not including) the Maturity Date”.
Reference is made to the Amended and Restated Credit Agreement dated as of April 26, 2006 (the “Credit Agreement”), among Holdings, the Borrower, the lenders party thereto, the Lead Arranger, the Initial Lead Arrangers, the Syndication Agent, the Initial Syndication Agent, the Co-Documentation Agents and the Administrative Agent.
Without limiting the foregoing, the Bridge Facility will be syndicated during the Initial Syndication Period only to Lenders agreed to by you and identified in the Syndication Plan (“Designated Lenders”).
The Lead Arrangers may commence syndication efforts promptly after the Syndication Start Date (or, in the case of the Initial Syndication, subject to the terms of and to the extent set forth in the provisos to the first sentence of this Section 3, March 1, 2020) and as part of their syndication efforts, it is their intent to have Lenders commit to the Facilities prior to the Initial Closing Date (subject to the limitations set forth in the second preceding paragraph).

More Definitions of Initial Syndication

Initial Syndication means the first transaction after the issuance of the Bonds in which direct or indirect ownership of the Project is sold or transferred pursuant to an integrated offering to investors of limited partnership interests in the Developer.

Initial Syndication means the assignment by LBCI of not less than $20,000,000 of its Commitments as of the date hereof.

Initial Syndication means the assignments by Bank of America and ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Senior Funding, Inc. of portions of their Commitments hereunder that enable them to achieve their targeted Commitment levels set forth in the Fee Letter.

Initial Syndication means the first assignment by Mizuho, as the initial Purchaser, of all or any portion of its interest under this Agreement to any (i) any Conduit Purchaser or (ii) any Person other than its own Affiliates. “Investment” means as of any date of determination, with respect to any Purchaser, the aggregate of all Cash Purchase Price paid to, or for the account of, the Seller in connection with all Purchases allocated to such Purchaser pursuant to Section 1.2, as reduced from time to time by Collections distributed to such Purchaser (or to its Purchaser Agent for such Purchaser’s account) and applied on account of such Purchaser’s Investment pursuant to Sections 3.1(d); provided, that if such Purchaser’s Investment shall have been reduced by any distribution and thereafter all or a portion of such distribution is rescinded or must otherwise be returned for any reason, such Purchaser’s Investment in respect of such Receivable Pool shall be increased by the amount of such rescinded or returned distribution as though it had not been made. “Investment Company Act” means the Investment Company Act of 1940. “Joinder” is defined in Section 13.3(d). “Largest State” means, as of any date of determination, the state (or commonwealth) in the United States, in respect of which the largest amount of aggregate Financed Unpaid Balances of Eligible Receivables in the Receivable Pool in respect of Obligors with Billing Addresses in such state (or commonwealth) relate. “Law” means any law (including common law), constitution, statute, treaty, regulation, rule, ordinance, order, injunction, writ, decree, judgment, award, or similar item of or by a Governmental Authority or any interpretation, implementation or application thereof. “Legal Final” means the earliest of (a) the Acceleration Date, and (b) the date which is 60 months after the Purchase Termination Date. “Level 1 Ratings Trigger” means a condition that is in effect at any time when ADT Inc.: (i) has a long-term “corporate family rating” of “B3” or less by Moody’s and a long-term “issuer rating” of “B-” or less by S&P, (ii) has a long-term “corporate family rating” of “B1” with negative outlook or “B2” or less by Moody’s and a long-term “issuer rating” of less than “B-” or “B-” with negative outlook by S&P, (iii) has a long-term “corporate family rating” of less than “B3” or “B3” with negative outlook by Moody’s and a long-term “issuer rating” of “B+” with negative outlook or “B” or less by S&P, (iv) has a long-term “corp...