Initial Advance definition

Initial Advance means the first Advance made pursuant to Article II.

Initial Advance has the meaning specified in Section 2.1(a).

Initial Advance means the first advance of proceeds of the Loans.

Examples of Initial Advance in a sentence

• The Initial Advance Conversion Price, the Second Advance Conversion Price, the Subsequent Advance Conversion Price and the Conversion Amount shall each be in Canadian Dollars, and the Conversion Amount for determining the Specified Number of Common Shares shall be the Equivalent Amount thereof expressed in Canadian Dollars determined as with respect to each Advance as at the date the Advance is made.

• The Loan Parties acknowledge and agree that the Borrower is currently indebted to the Lender under the Credit Agreement in the principal amount of US$10,000,000 with respect to the Initial Advance plus interest and costs (together with all other outstanding Obligations of the Loan Parties under the Credit Agreement and the other Loan Documents, the "Outstanding Obligations").

More Definitions of Initial Advance

Initial Advance. The first Advance.

Initial Advance means, in respect of any Loan, the original principal amount advanced by the Seller to the relevant Borrower;

Initial Advance shall have the meaning set forth in Section 2.10 hereof.

Initial Advance means the first Advance made hereunder.

Initial Advance. The first advance of Loan proceeds to be made hereunder.

Initial Advance means the first advance of proceeds of the Loans and/or issuance of Letters of Credit.

Initial Advance means the first Advance made under each of the Facilities.