First Advance Date definition

First Advance Date means the date on which Land Bank makes the first advance to the Borrower under this Agreement;

First Advance Date means the date of the First Advance;

First Advance Date means the date of the first advance under this Note and the Loan Agreement.

Examples of First Advance Date in a sentence

• DOE shall have received (i) evidence, in form and substance satisfactory to DOE, that as of the First Advance Date (x) the CPA Compliance Agreement remains in full force and effect and (y) the Borrower Entities are in compliance with the terms of the CPA Compliance Agreement and (ii) a report, in form and substance satisfactory to DOE, with respect to progress towards and Borrower’s reasonable projections of schedule to fully satisfy such terms.

• From and after the First Advance Date, the Sponsor shall maintain at all times an aggregate amount of unrestricted (other than subject to a Lien in favor of the Collateral Agent for the benefit of the Secured Parties) cash and Cash Equivalents equal to (x) until the Project Completion Date, at least $20,000,000, and (y) from and after the Project Completion Date, $10,000,000.

• Each Grantor will have delivered to the Collateral Agent, no later than five Business Days prior to the First Advance Date, without exception, all (i) Collateral that is, or is represented by, Certificated Securities, and (ii) Collateral that consists of Instruments or Chattel Paper, including any receivable that is evidenced by any Instrument or Chattel Paper (other than Instruments and Chattel Paper constituting Excluded Perfection Collateral (collectively, “Non-Delivered Instruments”)).

• No later than ten Business Days prior to the First Advance Date, DOE shall have received a fully executed copy of the Glencore Amendment.

• From and after the date that is 24 months after the First Advance Date, the Borrower has received a notification of compliance with the CPA Requirements from MARAD.

More Definitions of First Advance Date

First Advance Date means the date the first Advance is advanced by the Lender to the Borrower;

First Advance Date means the date on which the Lender makes the first Advance to the Borrower under this Agreement pursuant to a Disbursement Request.

First Advance Date means the date upon which all conditions precedent in Section 9 hereof and in the Term Note have been satisfied by the Company and the loans pursuant to the Term Note have been advanced by Laurus to the Company.

First Advance Date. The date on which the conditions set forth in Section 3.2 have been satisfied so as to permit the first advance of Expansion Loan proceeds for the payment of the expenses of construction of the Project Expansion to 75 million gallons per year nameplate capacity and related reconfiguring of the Project.

First Advance Date. The date on which the conditions set forth in Section 3.2 have been satisfied so as to permit the first advance of Loan proceeds for the payment of the expenses of construction of the Project.

First Advance Date has the meaning given to it in Section 3.1 hereof.

First Advance Date means a date that the Borrower first draws any amount of Advances under the terms of this Agreement. “Line of Credit Limit” means $500,000.00, which includes any accrued and unpaid interest due on the Line of Credit. “Loan Interest” means a seventeen and one half percent (17.5%) annual interest rate. “Maturity Date” means eighteen months from any Advance Date including the First Advance Date.