Initial Classes when used herein mean: (x) the Revolving Credit Facility and the Term Credit Facility as in effect on the Closing Date, (y) any increase in the aggregate amount of Commitments and/or Loans thereunder effected under Section 1.16 hereof on identical terms and conditions (and which are not, and not required to be, treated or designated as a separate “series” or “Class”) and/or (z) any Class of Loan and/or Commitments hereunder effected under Sections 1.16, 1.18, 1.19 or 1.20 as revolving or “term A” credit facilities on substantially the same terms and conditions as the Revolving Credit Facility and Term Credit Facility as in effect on the Closing Date, which has been reasonably designated by the Borrower and the Administrative Agent at the time of the incurrence thereof as part of the “Initial Class” for purposes of this Agreement and which may include, without limitation, a separate “series” or “Class” of Loans and/or Commitments which are reasonably designated as a separate “series” or “Class” by the Borrower and the Administrative Agent at the time of the incurrence thereof solely as a result of differences in interest rates (including through fixed interest rates), interest margins, rate floors, fees, funding discounts, original issue discounts, optional prepayment or optional redemption premiums/terms and/or maturity extensions), but, for purposes of this clause (z), excluding any Class of Loans having or requiring scheduled annual amortization of principal less than 2.50% the initial stated aggregate principal amount of such Loans.

Initial Classes means the following classes of Equity Securities: ETFS 3x Daily

Initial Classes have the meanings specifiedis defined in the definition of the term “Class” in this Section 5.1.

Examples of Initial Classes in a sentence

Initial: Classes may be combined with another class due to attendance.
The establishment and designation of any Series (or class) of Shares in addition to the Initial Series (and the Initial Classes) shall be effective upon the adoption by a majority of the Trustees of a resolution which sets forth such establishment and designation and the relative rights and preferences of such Series (or class).
Shares of each Series (or class) established pursuant to this Section 7, unless otherwise provided in the resolution establishing such Series, shall have the same relative rights and preferences as the Initial Series (and the Initial Classes) set forth in Section 6.
Initial Classes may be combined with another class due to attendance.
Section 2.8.Rights and Privileges of Initial Classes of Units; Voting.(a) The Membership Interests of the Members of the Company shall be divided into Units.
Developing Professional Pedagogical Mastery of Future Initial Classes Teachers.

More Definitions of Initial Classes

Initial Classes means the Classes referred to in clause 3.2 (b).

Initial Classes is defined in the definition of the term “Class”.

Related to Initial Classes

Scheduled Classes As specified in the Preliminary Statement.
Initial Class Principal Balance As set forth in the Preliminary Statement.
Classes The Offered Certificates shall be issued with the following Class designations, interest rates and principal balances, subject in the aggregate to the variance referred to in Section 1(a)[and, as to any particular Class, to an upward or downward variance of up to [ ]%]: Principal Interest Class Purchase Class Balance Rate Price Percentage ----- ------- ---- ----------------
Initial Class Certificate Balance As to each Class of Certificates, the Class Certificate Balance set forth in the Preliminary Statement.
Related Classes As to any Uncertificated REMIC I Regular Interest, those classes of Certificates identified as "Related Classes of Certificates" to such Uncertificated REMIC I Regular Interest in the definition of Uncertificated REMIC I Regular Interest.
Initial Class A-2 Note Balance means $235,000,000.
Initial Class A-1 Note Balance means $265,000,000.
Initial Class C Note Balance means $152,941,000.
Initial Class D Note Balance means $142,370,000.
Planned Principal Classes As specified in the Preliminary Statement.
Class” or “Classes means any class or classes of Shares as may from time to time be issued by the Company;
Targeted Principal Classes As specified in the Preliminary Statement.
Restricted Classes As defined in Section 4.02(e).
Initial Class B Note Balance means $129,750,000.
principal class of shares means the class or classes of shares representing a majority of the voting power and value of the company;
Initial Class A-4 Note Balance means $75,000,000.
Original Class B-6 Percentage The Class B-6 Percentage as of the Cut-Off Date, as set forth in Section 11.13.
Tranches shall have the meaning ascribed to such term in Section 2.1.
Original Class Principal Balance means, with respect to any Class of Principal Balance Certificates, the initial Class Principal Balance thereof as of the Closing Date, in each case as specified in the Preliminary Statement.
Original Class B-1 Percentage The Class B-1 Percentage as of the Cut-Off Date, as set forth in Section 11.08.
Original Class B-5 Percentage The Class B-5 Percentage as of the Cut-Off Date, as set forth in Section 11.12.
Initial Class A-3 Note Balance means $380,000,000.
Original Class B-3 Percentage The Class B-3 Percentage as of the Cut-Off Date, as set forth in Section 11.10.
Corresponding Classes of Certificates With respect to each REMIC Regular Interest, any Class of Certificates appearing opposite such REMIC Regular Interest in Section 1.03 hereof.
Original Class B-4 Percentage The Class B-4 Percentage as of the Cut-Off Date, as set forth in Section 11.11.
Backward Classes means any socially and educationally Backward Classes of citizens recognized by the Government for purpose of clause (4) of article 15 of the Constitution of India;

Initial Classes definition

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Related to Initial Classes