Initial Loan definition

Initial Loan is defined in Section 2.1.

Initial Loan means a loan made by an Initial Lender to the Borrower pursuant to Section 2.01 of this Agreement.

Initial Loan means the first Loan made by the Lenders under this Agreement.

Examples of Initial Loan in a sentence

• The Seller and the Purchaser shall use their best efforts to perform promptly their respective obligations pursuant to the Initial Sale Agreement with respect to each Initial Loan.

• SLM ECFC and Funding shall use their best efforts to perform promptly their respective obligations pursuant to the Initial Purchase Agreement with respect to each Initial Loan.

• VG Funding and Funding shall use their best efforts to perform promptly their respective obligations pursuant to the Initial Purchase Agreement with respect to each Initial Loan.

• VL Funding and Funding shall use their best efforts to perform promptly their respective obligations pursuant to the Initial Purchase Agreement with respect to each Initial Loan.

• The Seller shall be entitled to all Interest Subsidy Payments and Special Allowance Payments on each Initial Loan up to but not including the Initial Cutoff Date, and shall be responsible for the payment of rebate fees, if any, applicable to the Initial Loans accruing up to but not including the Initial Cutoff Date.

More Definitions of Initial Loan

Initial Loan shall have the meaning provided in Section 2.01(a).

Initial Loan means the first Loan made on or after the Closing Date.

Initial Loan has the meaning specified in Section 2.01.

Initial Loan means the first Loan which is made pursuant to the terms hereof.

Initial Loan shall have the meaning set forth in Section 2.1.

Initial Loan means the principal sum agreed to be lent ■ ■ ■ ■ ■

Initial Loan means an Initial Term Loan or an Initial Revolving Credit Loan.