Initial Borrowing Amount definition

Initial Borrowing Amount means $10,000,000.
Initial Borrowing Amount means, with respect to the principal amount of the Initial Borrowing, an amount equal to (a) $20,000,000 plus (b) the aggregate amount of all closing costs incurred by the Borrower as of the Effective Date in connection with the transactions contemplated under this Agreement (b) minus (c) the aggregate amount of unrestricted cash of the Borrower as of the date of such Initial Borrowing.
Initial Borrowing Amount means $17,500,000.

Examples of Initial Borrowing Amount in a sentence

  • The first borrowing of Loans (the “Initial Borrowing”) shall be in an amount equal to the Initial Borrowing Amount.

  • The first advance of Term Loans shall be made, to the extent requested by the Borrower pursuant to a Notice of Borrowing, on or after the Closing Date but prior to the earlier of the Final Borrowing Date and the Maturity Date in an aggregate amount for each Lender equal to such Lender’s pro rata portion of the Initial Borrowing Amount, but in no event shall such amount exceed such Lender’s Commitment.


More Definitions of Initial Borrowing Amount

Initial Borrowing Amount means $2,500,000.00.
Initial Borrowing Amount means, at any time, up to $5,000,000.

Related to Initial Borrowing Amount