First Funding Date definition

First Funding Date means the first Funding Date to occur after the Effective Date.

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First Funding Date means such date, if any, during the second calendar quarter of 2000 that US Bank advances funds to NCMC pursuant to the Subordinated Loan Agreement.

First Funding Date means the date funds are first advanced to Borrower for the first Revolving Credit Loan hereunder.

Examples of First Funding Date in a sentence

• On or before the First Funding Date, the warrant for the purchase of 386,925 shares of common stock of the Guarantor shall have been delivered to AFS Cayman Limited.

• The Administrative Agent shall have received the results of a recent lien search in each of the jurisdictions where assets of the Loan Parties are located, and each such search shall reveal no Liens on any of the assets of the Loan Parties, except for Permitted Liens or liens discharged on or prior to the First Funding Date pursuant to documentation reasonably satisfactory to the Administrative Agent.

• After the First Funding Date, if the Borrower has insufficient amounts available to fund the Debt Service Reserve Account in an amount equal to the Debt Service Reserve Requirement, the failure to so fund the Debt Service Reserve Account shall not be deemed a Default or an Event of Default hereunder.

• DFS must receive a certificate from a provider of financing statement searches acceptable to DFS which identifies all financing statements of public record not more than 5 Business Days before the First Funding Date, that pertain to the Collateral.

• Notwithstanding the foregoing, no modification referred to above shall become effective unless the Administrative Agent, to the extent reasonably requested by the Administrative Agent, shall have received board resolutions, officers’ certificates and/or reaffirmation agreements consistent with those delivered on the Closing Date under Section 5.1 or on the First Funding Date under Section 5.2 with respect to the Loan Parties.

More Definitions of First Funding Date

First Funding Date the date that each of the conditions precedent under Section 5.1 and Section 5.2 has been satisfied or waived in accordance with the terms of this Agreement.

First Funding Date means February 26, 2013.

First Funding Date means the date of funding of the First Tranche of the Credit Facilities, such date to be the Closing Date or a date mutually agreed to by the Agent and the Borrower.

First Funding Date means the date determined in the sole discretion of the General Partner on which each Partner is required to make a Capital Contribution in the amount equal to 50% of its Capital Commitment pursuant to Section 5.2(a),

First Funding Date has the meaning set forth in Section 2.1(c)(i).

First Funding Date has the meaning given in the Investment Agreement.

First Funding Date shall be the date of satisfaction of the conditions precedent set forth in this Section 17 after the Increased Amount Date and prior to the Termination Date on which the first installment of the New Term Loan is funded. The “Second Funding Date” shall be the date of satisfaction of the conditions precedent set forth in this Section 17 after the First Funding Date and prior to the Termination Date on which the second installment of the New Term Loan is funded. Each of the First Funding Date and the Second Funding Date is referred to herein as a “Funding Date.”