Initial Borrowing Date means the date occurring on or after the Effective Date on which the initial Borrowing of Loans occurs.

Initial Borrowing Date means the date upon which the Term Loans are initially incurred hereunder.

Initial Borrowing Date means the Business Day on which the initial Borrowing occurs.

Examples of Initial Borrowing Date in a sentence

On or prior to the Initial Borrowing Date, the Effective Date shall have occurred.
On or prior to the Initial Borrowing Date, the Facility Agent shall have received satisfactory evidence from the Parent, the Borrower and any other applicable Credit Party that they have each appointed an agent in London for the service of process or summons in relation to each of the Credit Documents.
Insofar as such filings or registrations have not been completed on or before the Initial Borrowing Date, the Borrower will procure the filing or registration within applicable time limits of each Security Document which requires filing or registration together with all ancillary documents required to preserve the priority and enforceability of the Security Documents.
On the Initial Borrowing Date and to the extent that the Initial Syndication Date has occurred, the Security Trust Deed shall have been executed by the parties thereto and shall be in full force and effect.
On the Initial Borrowing Date, the Facility Agent shall have received evidence, in form and substance reasonably satisfactory to the Facility Agent, that the Borrower shall have funded from cash on hand an amount equal to 0.4% of the Initial Construction Price for the Vessel.

More Definitions of Initial Borrowing Date

Initial Borrowing Date means the date of the initial Borrowing hereunder.

Initial Borrowing Date shall have the meaning provided in the Original Credit Agreement.

Initial Borrowing Date means the date on which all conditions precedent set forth herein to the initial Borrowings are satisfied or waived in writing and the initial Borrowing hereunder occurs.

Initial Borrowing Date shall have the meaning the first Borrowing Date (if any) pursuant to which a Loan is made in accordance with the terms of the U.S. Receivables Loan Agreement.

Initial Borrowing Date means the date occurring on or after the Effective Date on which the initial Borrowing of Loans hereunder occurs, which date shall, subject to Section 5, coincide with the date of payment of the first installment of the Initial Construction Price for the Vessel under the Construction Contract.

Initial Borrowing Date means the date on which Lessor effects its borrowing of Loans pursuant to the Credit Agreement.

Initial Borrowing Date means the date on which the first Advance is made hereunder.