Initial Financing means amounts borrowed by the Company or its subsidiary on the date hereof and/or to be borrowed to finance the acquisition and, if applicable, rehabilitation of the Project by the Company’s subsidiary that owns the Project.
Initial Financing has the meaning set forth in SECTION 3.1.
Initial Financing means the first, and only the first, financing entered into by one or more of the Company’s subsidiaries and secured by a pledge of such subsidiaries’ assets.
Examples of Initial Financing in a sentence
It is anticipated that the Initial Financing will be consummated in tranches over twelve (12) months following the Closing.
More Definitions of Initial Financing
Initial Financing means the Company's initial debt financing contemplated in Section 3.10.
Initial Financing shall have the meaning given to it in Section 3.2.
Initial Financing means that Financing, to be obtained by the Company to finance the acquisition and ownership of the Buildings (including the acquisition of Building III and the payoff of the Existing Financing, except for the prepayment penalty associated therewith to be paid by DCP), on the following basic terms: (i) principal amount not to be more than $17,900,000.00 nor less than $17,775,000.00; (ii) final maturity date of not less than ten (10) years following Closing and funding thereof; (iii) amortization term of not less than twenty-five (25) years; and (iv) interest rate no greater than eight and one-half percent (8-1/2%).
Initial Financing means the financial indebtedness incurred by Seller or its Affiliates pursuant to the Finance Documents entered into at Financial Closing.
Initial Financing means the aggregate amount of (i) the Term Loans funded, (ii) the Second Lien Term Loans funded and (iii) the Convertible Third Lien Notes issued, in each case, on the Funding Date.
Initial Financing means Licensee’s initial receipt of at least two million dollars ($2,000,000) of cumulative total of cash or cancellation of indebtedness in exchange for the issuance of Equity Securities.
Initial Financing means the raising of the capital required to undertake all, or a portion of the Corporation’s first winter’s exploration program and to fund the initial working capital requirements of the Corporation;