Initial Credit Date definition

Initial Credit Date means July 7, 2022 or such other date as may be agreed by the Administrative Agent and the Borrower.
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Initial Credit Date means the date on which the initial Credit Date occurs.
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Initial Credit Date means the Closing Date or such other date as may be agreed by the Administrative Agent and the Borrower. “Initial FX Rate” means, with respect to any Collateral Obligation, the Current FX Rate for such Collateral Obligation as at the date on which the Acquisition of such Collateral Obligation has been approved pursuant to the provisions set forth in the Transaction Documents. If a Borrower Entity has Committed to Acquire a Collateral Obligation in more than one lot and/or a Collateral Obligation has been added to the Underlying Portfolio in more than one lot (for example, by Commitments or Acquisitions on separate days), then each lot of such a Collateral Obligation shall be treated as separate Collateral Obligations for purposes of determining the Initial FX Rates therefor. “Insolvency Event” means, with respect to a specified Person, such Person becomes insolvent or is unable to pay its debts or fails or admits in writing in a judicial, regulatory or administrative proceeding or filing its inability generally to pay its debts as they become due. “instruments” is defined in the UCC. “Interest Collection Account” the trust account maintained pursuant to Section 6.2(a). "Interest Coverage Ratio" means, with respect to any Collateral Obligation and the related obligor for any Financial Ratio Test Period, either (a) the meaning of "Interest Coverage Ratio" or any comparable definition in the Underlying Instruments for such Collateral Obligation, or (b) in the case of any Collateral Obligation with respect to which the Underlying Instruments do not include a definition of "Interest Coverage Ratio" or such comparable definition, the ratio of (a) EBITDA for the applicable test period, to (b) cash interest for the applicable test period. “Interest Only Security” means any obligation or security that does not provide in the related Underlying Instruments for the payment or repayment of a stated principal amount in one or more installments on or prior to its Stated Maturity. “Interest Period” means, with respect to each Credit Extension: (a) the period from (and including) the related Credit Date to and including the last calendar day of the calendar month immediately prior to the immediately following Payment Date, and 35
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Examples of Initial Credit Date in a sentence

  • On each Business Day, commencing on the seventh Business Day following the Initial Credit Date (including each day on which a Monthly Report or Valuation Report is delivered), the Borrower shall compile, or cause to be compiled, a report (the “Daily Report”) and then provide or make available such Daily Report by electronic mail to the Collateral Agent, the Collateral Administrator, the Collateral Manager, the Administrative Agent and the Lenders.

  • The Borrower shall have paid to each Agent and Lender the fees payable on or before the Initial Credit Date referred to in Section 2.7 and all expenses payable pursuant to Section 11.2 that have accrued to the Initial Credit Date.

  • The execution, delivery and performance by the Seller and the consummation of the transactions contemplated by this Agreement do not and will not require any registration with, consent or approval of, or notice to, or other action to, with or by, any Governmental Authority, except for filings and recordings with respect to the Collateral to be made, or otherwise delivered to Collateral Agent for filing and/or recordation, as of the Initial Credit Date.

  • If so requested by any Lender prior to the Initial Credit Date, or upon two (2) Business Days prior written notice at any time after the Initial Credit Date, the Borrower shall execute and deliver to such Lender on the Initial Credit Date (or, if such notice is delivered after the Initial Credit Date, promptly after the Borrower’s receipt of such notice) one or more Notes, as so requested, to evidence such Lender’s Pro Rata Share of the Revolving Loans.

  • The Borrower shall, on or prior to the Initial Credit Date, establish at the Accounts Securities Intermediary a segregated trust account in the name “Grouse Funding LLC, subject to the lien of State Street Bank And Trust Company, as Collateral Agent on behalf of the Secured Parties”, which shall be designated as the Unfunded Reserve Account, which shall be held by the Accounts Securities Intermediary in accordance with the Securities Account Control Agreement.

  • At least 10 days prior to the Initial Credit Date or such shorter period of time as agreed by the Lenders in writing, the Lenders shall have received all documentation and other information required by bank regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and regulations, including the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act (Title III of Pub.

  • The Borrower shall pay to the Lenders, on each of (1) the Initial Credit Date and (2) the First Amendment Date, a fee (the “Upfront Fee”) in the amount set forth in the GS Fee Letter or the Lender Fee Letter, as applicable, as the “Upfront Fee”.

  • The Borrower shall, prior to the Initial Credit Date, establish at the Accounts Securities Intermediary a segregated trust account in the name “Grouse Funding LLC, subject to the lien of State Street Bank And Trust Company, as Collateral Agent on behalf of the Secured Parties”, which shall be designated as the Principal Collection Account, which shall be held by the Accounts Securities Intermediary in accordance with the Securities Account Control Agreement.

  • The Borrower shall pay to each Lender, on each of (1) the Initial Credit Date, (2) the four-month anniversary of the Initial Credit Date and (3) the six-month anniversary of the Initial Credit Date (or, if any such day is not a Business Day, the following Business Day), a fee (the “Upfront Fee”) in the amount set forth in the GS Fee Letter as the “Upfront Fee”.

  • The fees and expenses of ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ and ▇▇▇▇▇▇▇▇ LLP, special New York counsel for the Administrative Agent, and ▇▇▇▇▇▇ & ▇▇▇▇▇▇ LLP, counsel to the Collateral Agent, the Collateral Administrator and the Collateral Custodian, incurred in connection with the preparation and execution of this Agreement and the transactions contemplated hereby, shall have been paid on or before the Initial Credit Date.