Initial Classes definition

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 Acredit 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 Classfor 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 specified in the definition of “Class” in this Section 5.1

Examples of Initial Classes in a sentence

  • Initial: Classes may be combined with another class due to attendance.

  • Initial Classes may be combined with another class due to attendance.

  • 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.

  • 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.

  • 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).

  • 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