First Borrowing Date definition

First Borrowing Date means the date of the first Borrowing hereunder.

First Borrowing Date means August 15, 2013.

First Borrowing Date means the date, which shall be a Business Day, on which each condition precedent set forth in Section 4.02 shall have been satisfied or otherwise waived, in each case as determined by Lender in its sole discretion.

Examples of First Borrowing Date in a sentence

• All action necessary or desirable to protect and perfect such security interest in each item of the Collateral will have been duly taken prior to the First Borrowing Date.

• Lenders shall be satisfied with Lien searches regarding Borrower and its Subsidiaries made within two Business Days prior to the First Borrowing Date.

• No event has occurred and is continuing and no condition exists which constitutes a Default or an Event of Default after giving effect to the Advance to be made on the First Borrowing Date.

• The parties to this Agreement shall prepare a mutually agreeable press release announcing the completion of this transaction on the First Borrowing Date.

• The parties hereto acknowledge and agree that the initial Borrowing of $50,000,000 occurred on August 15, 2013, being the First Borrowing Date, and that the conditions precedent to the second and third term Borrowings contained in the Initial Term Loan Agreement were not satisfied, and therefore, no Lender has any Commitment to fund the second and third term Borrowings thereunder.

More Definitions of First Borrowing Date

First Borrowing Date means the date of the first Borrowing hereunder. The First Borrowing Date may occur on or prior to the Acquisition Date.

First Borrowing Date the first date on which an Advance is made.

First Borrowing Date either a Tranche 1 or Tranche 2 First Borrowing Date.

First Borrowing Date means the first date on which a Borrowing hereunder is made.

First Borrowing Date the date of the first borrowing by Borrower ---------------------- hereunder.

First Borrowing Date means the date of the initial Term Borrowing hereunder in accordance with Section 2.03 which date shall be on or after the Effective Date and on or before the Termination Date.

First Borrowing Date means November 4, 2014.