Initial Notice of Borrowing definition

Initial Notice of Borrowing means the Notice of Borrowing given by the Borrowers with respect to the Loans to be made on the Effective Date which shall also specify the method of disbursement.

Initial Notice of Borrowing means the Notice of Borrowing given by the Borrower with respect to the Initial Loans which shall also specify the method of disbursement.

Initial Notice of Borrowing means a Notice of Borrowing that (i) specifies a requested Advance of not less than $1,000,000, (ii) specifies an Advance Date not more than sixty (60) days after the Closing Date and (iii) is revocable by the Borrower only if, at any time prior to the specified Advance Date, the Advances Outstanding exceed $1,000,000.

Examples of Initial Notice of Borrowing in a sentence

• An Initial Notice of Borrowing from the Borrowers' Representative to the Administrative Agent requesting the Initial Loans and specifying the method of disbursement.

• The Borrowers, through the Borrowers' Representative, shall give the Administrative Agent an Initial Notice of Borrowing at least two Business Days' prior to the occurrence of the Effective Date.

• On the Effective Date, upon satisfaction of the applicable conditions set forth in ARTICLE 6, as applicable, the Administrative Agent will disburse the Term Loans on the Effective Date, in same day funds in accordance with the terms of the Initial Notice of Borrowing.

• Except as provided below, the Term Loan will initially be a LIBOR Rate Loan provided that at least three (3) Business Days prior to the Closing Date the Borrowers deliver to the Administrative Agent an Initial Notice of Borrowing for a Term Loan (in the form attached hereto as Exhibit 3.3) (“Initial Notice of Borrowing”) and a funding indemnity letter, substantially in the form of Exhibit 3.3(i), reasonably acceptable to the Administrative Agent.

• Each Term Loan Lender will make a Base Rate Loan in an amount equal to its Proportionate Share of the aggregate principal amount of the Term Loans properly requested in the Initial Notice of Borrowing available to the Administrative Agent, for the account of the Borrowers, at the Administrative Agent's Office, prior to 12:00 noon on the Effective Date (assuming satisfaction of the applicable conditions set forth in Article 6) in funds immediately available to the Administrative Agent.

• An Initial Notice of Borrowing from the Borrower to the Agent requesting the Initial Loans and specifying the method of disbursement.

• The Borrower shall give the Agent an Initial Notice of Borrowing with respect to the Term Loan not later than 11:00 a.m. on the Effective Date, and such initial borrowing shall be a Prime Rate Term Loan.

• Prior to the Closing Date, --------------------------- Purchasers shall have received the Initial Notice of Borrowing with respect to the Initial Notes, which such Initial Notice of Borrowing shall meet the requirements of Section 2.10.

• The Borrowers shall give the Agent an Initial Notice of Borrowing at least two Business Days' prior to the occurrence of the Effective Date.

• On the Effective Date, upon satisfaction of the applicable conditions set forth in ARTICLE 6, the Administrative Agent will disburse the Term Loan on the Effective Date, in same day funds in accordance with the terms of the Initial Notice of Borrowing.

More Definitions of Initial Notice of Borrowing

Initial Notice of Borrowing. As defined in Section 3.3 of this Agreement.

Initial Notice of Borrowing shall have the meaning assigned to such --------------------------- term in Section 2.10.

Initial Notice of Borrowing means the Notice of Borrowing

Initial Notice of Borrowing means the Notice of Borrowing given by Kellxxxxx xxxh respect to the Initial Loans which shall also specify the method of disbursement.

Initial Notice of Borrowing means the request to fund the initial Loan, substantially in the form of Exhibit D-1, delivered in accordance with Section 5.01(bb).

Initial Notice of Borrowing means the notice of borrowing dated as of --------------------------- February 16, 1996 delivered by Borrower to Banks which specifies the amounts and Interest Periods (which for the initial Advances covered thereby only may differ from the requirements in the definition of Interest Period) for the initial Advances to be made hereunder on the Closing Date.