Credit Event Date definition
Examples of Credit Event Date in a sentence
The obligation of each Lender to make the Initial Extension of Credit shall not become effective until the date on which each of the following conditions, and each of the conditions set forth in Section 3.02, is satisfied (or waived in accordance with Section 11.02); provided that each of the conditions set forth in this Section 3.01 shall be satisfied or waived no later than the Initial Credit Event Date.
This Agreement may be executed in any number of counterparts, each of which shall be deemed an original for all purposes, and all of which, when taken together shall constitute a single counterpart instrument.
If the Credit Event Date is the Adjustment Date, each Total Commitment shall have been reduced in accordance with Section 2.3.6(b)(i).
The Permits set forth on Part I of such Permit Schedule shall constitute in the Majority Banks' reasonable opinion all of the material Permits required or customarily obtained for the development, construction, ownership, leasing, use, operation and maintenance of the Subject Project as of the Credit Event Date.
After giving effect to such Credit Event and any Equity Contributions made on the Credit Event Date, the Debt to Capitalization Ratio shall not exceed the then current Maximum Debt to Capitalization Ratio.