Initial Credit Event definition

Initial Credit Event means the first Credit Event hereunder to occur.
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Initial Credit Event shall have the meaning assigned to such term in Section 4.01.
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Initial Credit Event has the meaning set forth in Section 6.12.
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Examples of Initial Credit Event in a sentence

  • The obligation of each Lender to make the Initial Extension of Credit shall not become effective until the date on which each of the following conditions, and each of the conditions set forth in Section 3.02, is satisfied (or waived in accordance with Section 11.02); provided that each of the conditions set forth in this Section 3.01 shall be satisfied or waived no later than the Initial Credit Event Date.

  • Effective Date; Conditions to Initial Credit Event 48 SECTION 3.02.

  • Effective Date; Conditions to Initial Credit Event 51 Section 3.02.

  • Notwithstanding the foregoing, all the Commitments shall automatically terminate at 5:00 p.m., New York City time, on April 2, 2007, if the Initial Credit Event shall not have occurred by such time.

  • Conditions Precedent 59 Section 7.1. All Credit Events 59 Section 7.2. Initial Credit Event 6059 Section 7.3. Eligible Property Additions and Deletions of Unencumbered Pool Properties 61 Section 7.4. Incentive Listing Note 63 SECTION 8.

  • Conditions Precedent 71 Section 4.1. Initial Credit Event 71 Section 4.2. All Credit Events 73 Section 4.2. Post Closing 74 Section 5.

  • The Credit Event Date must be an Initial Credit Event Date or the Adjustment Date.

  • The amount of In Kind Equity Contributions set forth in such In Kind Equity Contributions Certificate, as confirmed by Administrative Agent and the Independent Engineer, shall be deemed to be the amount of In Kind Equity Contributions made, or caused to be made, by Borrower on the applicable Initial Credit Event Date.

  • If the requested information is not applicable, indicate that on page 2 of the Cover Sheet.Each numbered item in these instructions corresponds to the same numbered item on the form.

  • Borrower may make, or cause to be made, additional In Kind Equity Contributions with respect to an Approved Project on the Initial Credit Event Date for such Approved Project.


More Definitions of Initial Credit Event

Initial Credit Event means the first Credit Event hereunder to
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Initial Credit Event means the initial Credit Extension hereunder.
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Initial Credit Event means the initial Credit Event made under this Credit Agreement, after giving effect to its amendment and restatement pursuant to the terms hereof.
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Initial Credit Event means the initial Borrowing on or about the Closing Date.
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Related to Initial Credit Event

  • Credit Event shall have the meaning assigned to such term in Section 4.01.

  • Credit Event UPB With respect to any Credit Event Reference Obligation, the unpaid principal balance thereof as of the end of the Reporting Period related to the Payment Date that it became a Credit Event Reference Obligation.

  • Credit Event Notice means an irrevocable notice from the Issuer or the Swap Counterparty, as the case may be, to the other party (in the form and delivered in the manner described in the Default Swap) that describes a Credit Event that occurred on or after the Effective Date of the Default Swap.

  • Credit Event Amount With respect to each Payment Date, the aggregate amount of the Credit Event UPBs of all Credit Event Reference Obligations for the related Reporting Period.

  • Additional Credit Extension Amendment means an amendment to this Agreement providing for any Incremental Commitments which shall be consistent with the applicable provisions of this Agreement relating to such Incremental Commitments and otherwise reasonably satisfactory to the Administrative Agent and the Borrower.

  • L/C Credit Extension means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the increase of the amount thereof.

  • Additional Credit Facilities means any credit facilities added pursuant to Sections 2.22, 2.23 or 9.02(c).

  • Aggregate Outstanding Extensions of Credit as to any Lender with respect to any Type of Loan at any time, an amount equal to the sum of (a) the aggregate principal amount of all Loans of such Type made by such Lender then outstanding and (b) such Lender's Commitment Percentage of the L/C Obligations then outstanding.

  • Extension of Credit means, as to any Lender, the making of a Loan by such Lender or the issuance of, or participation in, a Letter of Credit by such Lender.

  • Credit Event Net Loss means, with respect to any Credit Event Reference Obligation, an amount equal to the excess, if any, of:

  • Revolving Credit Extension Request shall have the meaning provided in Section 2.14(f)(ii).

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • Initial Extension of Credit means the earlier to occur of the initial Borrowing and the initial issuance of a Letter of Credit hereunder.

  • L/C Credit Extension means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the increase of the amount thereof.

  • Total Revolving Extensions of Credit at any time, the aggregate amount of the Revolving Extensions of Credit of the Revolving Lenders outstanding at such time.

  • Revolving Extensions of Credit as to any Revolving Lender at any time, an amount equal to the sum of (a) the aggregate principal amount of all Revolving Loans held by such Lender then outstanding, (b) such Lender’s Revolving Percentage of the L/C Obligations then outstanding and (c) such Lender’s Revolving Percentage of the aggregate principal amount of Swingline Loans then outstanding.

  • Credit Event Net Gain means, with respect to any Credit Event Reference Obligation, an amount equal to the excess, if any, of:

  • Revolving Loan Commitment Termination Date means the earliest of

  • Commitment Increase Effective Date has the meaning set forth in Section 2.02(b).

  • Funding Date is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business Day.

  • Revolving Credit Termination Date means the earlier to occur of (i) the Current Termination Date then in effect and (ii) the date of termination in whole of the Commitments pursuant to Section 2.05(a) or 6.01.

  • Incremental Facility has the meaning specified in Section 2.16(a).

  • Letter of Credit Termination Date means the fifth Domestic Business Day prior to the Termination Date.

  • Letter of Credit Expiration Date means the day that is seven days prior to the Maturity Date then in effect (or, if such day is not a Business Day, the next preceding Business Day).

  • Revolving Credit Expiration Date means May 1, 2002, or any date to which it may be extended from time to time pursuant to the terms of Section 2.6 hereof.

  • Revolving Credit Commitment Termination Date means the earliest to occur of (i) other than with respect to Extended Revolving Credit Commitments, August 28, 2022, (ii) the date the Revolving Credit Commitments are permanently reduced to zero pursuant to Section 2.13(b) or 2.14, (iii) the date of the termination of the Revolving Credit Commitments pursuant to Section 8.2, and (iv) solely with respect to any Extended Revolving Credit Commitments, the applicable Extended Maturity Date.