Initial Funding definition

Initial Funding means the funding of the initial Loans or issuance of the initial Letters of Credit pursuant to Section 6.01 hereof.

Initial Funding means the funding of the initial Loans or issuance of the initial Letters of Credit upon satisfaction of the conditions set forth in Sections 6.01 and 6.02.

Initial Funding means the funding of the initial Loans pursuant to Section 6.01 hereof.

Examples of Initial Funding in a sentence

• Monies credited to the Custodial Account shall be deposited in the Initial Funding Bank Account until either invested pursuant to Section 3.6(c) or transferred at the direction of the Fund to the other Bank Accounts to be used to purchase Assets.

• The Custodian shall provide to the Fund or Subsidiary wire instructions for the transmittal of funds to the Initial Funding Bank Account.

• Pursuant to the terms of the Note, on August 15, 2024, Lxxxxx advanced to Existing Borrower the Initial Funding (as defined in the Note) of Sixty-Eight Million Eight Hundred Six Thousand Eight Hundred Eighty and 00/100 Dollars ($68,806,880.00).

• Provided that the Initial Funding and Second Funding have occurred and the Loan is secured by the TX Investment, Borrower shall be entitled to a maximum of one (1) time during the term of the Loan to obtain a Permitted Release of either TN Investment or the WA Investment during the term of the Loan.

• Pursuant to the terms of that certain Promissory Note made as of August 15, 2024, made by Existing Borrower to the order of Lender, in the original maximum principal amount of up to One Hundred Nine Million Six Hundred Thousand and 00/100 Dollars ($109,600,000.00) (the “Note”), on August 15, 2024 Lender advanced to Existing Borrower the Initial Funding (as defined in the Note) of Sixty-Eight Million Eight Hundred Six Thousand Eight Hundred Eighty and 00/100 Dollars ($68,806,880.00).

More Definitions of Initial Funding

Initial Funding has the meaning given in Section 7.2.

Initial Funding. Defined in Section 2.3(a).

Initial Funding has the meaning assigned such term in Section 2.02(a). ----------------

Initial Funding is defined in Section 2.3 of the ECCA.

Initial Funding has the meaning given in clause 9.2.

Initial Funding shall have the meaning specified in the Note Purchase Agreement.

Initial Funding shall have the same meaning provided in the Recitals, above.