Initial Loan Closing Date definition

Initial Loan Closing Date means the date upon which the Initial Loan is made to the Company.
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Initial Loan Closing Date shall instead refer to the applicable Subsequent Loan Closing and Subsequent Loan Closing Date).
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Initial Loan Closing Date shall have the meaning assigned to them in Section 7.1.
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Examples of Initial Loan Closing Date in a sentence

  • If the conditions set forth in this Section are not met on or prior to the Initial Loan Closing Date, the Lender shall have no obligation to make the Initial Loan.

  • The obligation of the Lender to make the Initial Loan pursuant to Section 2.1 shall be subject to the satisfaction, on or before the Initial Loan Closing Date, of the conditions set forth in this Section.

  • The Loans shall be each evidenced by a convertible promissory note in the form attached hereto as Exhibit A (“Note”), duly executed on behalf of the Company and dated as of the Initial Loan Closing Date.

  • Holder shall, on the terms and subject to the conditions contained in this Agreement, advance (i) a term loan (the “Initial Loan”) to the Borrowers on the Initial Loan Closing Date in an aggregate principal amount of $2,000,000, and (ii) a delayed draw term loan (the “Delayed Draw Loan” and together with the Initial Loan, the “Loans” and each, a “Loan”) to the Borrowers on September 30, 2023 (the “Delayed Draw Closing Date”) in an aggregate principal amount of $1,000,000.

  • Provided there is no Event of Default under this Agreement, the Company may notify the Lender in writing at any time after 30 days from the Initial Loan Closing Date that the Company wishes to borrow the Additional Loan.

  • The Loans shall be each evidenced by a convertible promissory note in the form attached hereto as Exhibit A ("Note"), duly executed on behalf of the Company and dated as of the Initial Loan Closing Date.

  • Unless the Loan is earlier accelerated pursuant to the terms hereof, the Loan and all accrued Interest thereon shall be due and payable in full on the earlier of (a) the date that is 90 days following the Initial Loan Closing Date or (b) the closing date of the Merger.

  • BSC acknowledges and agrees that the Company shall not be required to obtain any such third party consents prior to the Initial Loan Closing Date or any additional Loan Closing Date.

  • The Issuer and the Shareholders each shall have performed all obligations and complied with in all material respects all covenants required by this Agreement to be performed or complied with by the Issuer and the Shareholders on or prior to the Initial Loan Closing Date.

  • The applicable Additional Loan Fee if repayments are made on the 366th calendar day after the Initial Loan Closing Date and for the 44-day period (“Initial 45-day Period”) thereafter, shall be two percent (2%) of the remaining outstanding Loan Principal at the time repayment is made.

Related to Initial Loan Closing Date

  • Loan Closing Date means the date upon which the Loan is made to the Company.

  • Loan Closing means the date on which an executed Loan Agreement between the Trust and a Borrower is delivered pursuant to this Bond Resolution.

  • Second Closing Date means the date of the Second Closing.

  • Additional Closing Date has the meaning set forth in Section 3.

  • First Closing Date shall refer to the time and date of delivery of certificates for the Firm Shares and such Optional Shares). Any such time and date of delivery, if subsequent to the First Closing Date, is called an “Option Closing Date,” shall be determined by the Representatives and shall not be earlier than three or later than five full business days after delivery of such notice of exercise. If any Optional Shares are to be purchased, each Underwriter agrees, severally and not jointly, to purchase the number of Optional Shares (subject to such adjustments to eliminate fractional shares as the Representatives may determine) that bears the same proportion to the total number of Optional Shares to be purchased as the number of Firm Shares set forth on Schedule A opposite the name of such Underwriter bears to the total number of Firm Shares. The Representatives may cancel the option at any time prior to its expiration by giving written notice of such cancellation to the Company.

  • Initial Closing Date shall have the meaning assigned to such term in Section 1.2 hereof.

  • Subsequent Closing Date means, with respect to each Subsequent Closing, the date on which such Subsequent Closing is deemed to have occurred.

  • Third Closing Date has the meaning set forth in Section 2.2(c).

  • Series Closing Date means the date designated as such in the Series Term Sheet.

  • Original Closing Date means the "Closing Date" as defined in the Existing Credit Agreement.

  • Acquisition Closing Date means the “Closing Date” as defined in the Acquisition Agreement.

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

  • 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.

  • Initial Loan is defined in Section 2.1.

  • Amendment Closing Date means the first date that all the conditions precedent set forth in this Amendment are satisfied or waived in accordance herewith.

  • Applicable Closing Date Has the meaning specified in Section 5.01(b) of this Trust Supplement.

  • Put Closing Date shall have the meaning set forth in Section 2.3.8.

  • Option Closing Date shall have the meaning ascribed to such term in Section 2.2(c).

  • IPO Closing Date means the closing date of the IPO.

  • Final Closing Date shall have the meaning specified in Section 7.2(a) hereof.

  • Increased Facility Closing Date any Business Day designated as such in an Increased Facility Activation Notice.

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Additional Closing has the meaning set forth in Section 2.3.

  • First Amendment Closing Date has the meaning assigned to such term in the First Amendment.

  • Closing Date means the date on which the Closing occurs.

  • Scheduled Closing Date Has the meaning specified in the Note Purchase Agreement.