First Disbursement Date definition

First Disbursement Date means the date on which the Loan is advanced, or, if the Borrower elects the Alternative Disbursement Option in accordance with Section 2.3(b), the date on which the first advance of the Loan is made.

First Disbursement Date means, with respect to each Funding Period, the date of the first Loan disbursement by the Originating Entity to ITT ESI in such Funding Period, as mutually determined by ITT ESI and the CUSO.

First Disbursement Date has the meaning ascribed to it in Clause 4.1(a);

Examples of First Disbursement Date in a sentence

• The obligation of the Lenders to fund all or any portion of the Loan on the First Disbursement Date shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1 on or prior to the First Disbursement Date.

• The Borrower holds all governmental licenses, permits and other approvals required to conduct its business as conducted by it on the First Disbursement Date, except to the extent the failure to hold any such licenses, permits or other approvals would not have a Material Adverse Effect.

• No authorization or approval or other action by, and no notice to or filing with, any governmental authority or regulatory body or other Person is required for the due execution, delivery or performance by the Borrower of this Agreement or any other Loan Document (except for authorizations or approvals not required to be obtained on or prior to the First Disbursement Date or that have been obtained or actions not required to be taken on or prior to the First Disbursement Date or that have been taken).

• The Facility Agent shall advise the Lenders of the satisfaction of the conditions precedent set forth in this Section 5.1 prior to funding on the First Disbursement Date.

• No filing, recording or registration and no payment of any stamp, registration or similar tax is necessary under the laws of any Applicable Jurisdiction to ensure the legality, validity, enforceability, priority or admissibility in evidence of this Agreement or the other Loan Documents (except for filings, recordings, registrations or payments not required to be made on or prior to the First Disbursement Date or that have been made).

More Definitions of First Disbursement Date

First Disbursement Date means the date of the first disbursement of any proceeds of this Loan on deposit in the Deposit Account.

First Disbursement Date means the Disbursement Date on which IDB makes its first Disbursement.

First Disbursement Date means the date on which the first Disbursement occurs.

First Disbursement Date means the date on which the first disbursement of the Loan occurs. The First Disbursement Date shall be on the date designated in a written notice from the Borrower to the Lender; provided, however, that (a) the Lender shall not be required to make any disbursement if the conditions thereto are not satisfied, and (b) the Lender shall in no event be required to make any disbursement after August 31, 1999.

First Disbursement Date means the first Disbursement Date.

First Disbursement Date means the date on which the first CBF Disbursement has been made to the MEPA Trust.

First Disbursement Date means the date of the payment of the First Disbursement (as defined in the Disbursement Agreement) as provided in the Disbursement Agreement.