Initial Funding Period definition

Initial Funding Period means the period of time that begins on the Effective Date and ends on the Full Start Date.

Initial Funding Period the period from and including the Closing Date to and including August 22, 1994.

Initial Funding Period means the period to 31st March 2015. “Funding Period” means the financial year 1st April 2015 to 31st March 2016.

Examples of Initial Funding Period in a sentence

• If a Liquidation Event occurs (or a binding agreement regarding a Liquidation Event is entered into) prior to (he expiration of the Series E Initial Funding Period, the Series E-2 Liquidation Preference shall rank junior to the Series E-l Liquidation Preference.

• If a Liquidation Event does not occur (and a binding agreement regarding a Liquidation Event is not entered into) prior to the expiration of the Series E Initial Funding Period, the Series E-l Liquidation Preference shall be paid on a pari passu basis with the Series E-2 Liquidation Preference.

• If a Liquidation Event does not occur (and a binding agreement regarding a Liquidation Event is not entered into) prior to the expiration of the Series E Initial Funding Period, the Series E-2 Liquidation Preference shall be paid on a pari passu basis with the Series E-l Liquidation Preference.

• Therefore, based on the above, the development is noted to improve local economy and job creating without adverse impacts on the environment.

• Notwithstanding the foregoing, no distributions shall be made under this Section 6.01 during the Initial Funding Period.

More Definitions of Initial Funding Period

Initial Funding Period has the meaning set forth in Section 3.04(a).

Initial Funding Period means a period commencing on the date of this Agreement and ending upon the earlier of (i) One Hundred Twenty (120) days from the date hereof, or (ii) the date on which Summit makes the Second Loan Advance; provided, however, that in the event the Second Loan Advance is less than One Hundred Twenty-Five Thousand Dollars ($125,000), the Initial Funding Period shall end One Hundred Twenty (120) days from the date hereof.

Initial Funding Period means the period from the Closing Date until the earlier of (i) Biogen’s exercise of the Biogen Option and the purchase of the Biogen Option Shares pursuant thereto and (ii) the expiration of the Biogen Option Period.

Initial Funding Period means the period stipulated in the Funding Particulars; ‘Intellectual Property Rights’ patents, inventions, trademarks, service marks, logos, design rights (whether registerable or otherwise), applications for any of the foregoing, copyright, database rights, domain names, trade or business names, moral rights and other similar rights or obligations whether registerable or not in any country (including but not limited to the United Kingdom) and the right to sue for passing off;

Initial Funding Period. The initial funding period (“Initial Funding Period”) is defined as that period the earlier of six months from the date of the first advance of the Initial Funding or December 31, 2005. Completion of the Casino is defined as the date in which the Casino is fully operational and open to the public for business. During the Initial Funding Period and subject to availability, Co-Borrowers may request funding up to the aggregate Loan Amount, but only upon the Co-Borrowers providing certifications in form and substance satisfactory to Co-Agents of the following: evidence of on site delivery of the Collateral, evidence of ownership of the Collateral as provided by vendor invoices, authorization of payment by Co-Borrowers’ management, affirmation and reaffirmation of Co-Borrowers’ representation and warranties that they are true as of the date of each advance and no material adverse change in the Co-Borrowers businesses. Payment of the Credit Facility during the Initial Funding Period, will be made by the Co-Borrowers in monthly payments of accrued interest based on the outstanding balance of the Loan Amount. Such Initial Funding Period will expire upon the earlier of six months from the date of the first advance of the Initial Funding or December 31, 2005. Upon expiration of the Initial Funding Period, the outstanding balance of the Loan Amount and any other amounts due at that time will be converted into a fully amortizing, five year term loan (“Initial Term Loan”). The Initial Term Loan will be repaid over twenty (20) quarters and Co-Borrowers will remit fixed quarterly principal payments plus accrued interest as scheduled.

Initial Funding Period. That period beginning on the Effective Date and ending on the first to occur of a) that certain date seven (7) months from the Effective Date; or b) the exhaustion of the Initial Funds as set forth in the Budget.

Initial Funding Period shall have the meaning given to such term in the definition of "Funding Period."