Initial Portion definition

Initial Portion a portion of the Loan in the amounts of $500,000.00 and $4,200,000 previously disbursed on November 1, 1996 and to be disbursed on January 2, 1997, respectively.
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Initial Portion a portion of the Loan in the amounts of $500,000.00 disbursed on December 9, 1997. Lender: TJS.
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Initial Portion has the meaning assigned in the Agent Fee Letter.
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Examples of Initial Portion in a sentence

  • Any notes previously issued in connection with the initial portion shall be returned to Borrower for cancellation and the Initial Portion shall upon such cancellation be reflected in and subject to the Note.

  • The Parties acknowledge that the Initial Portion was disbursed in the amounts of $500,000.00 on November 1, 1996 and $4,200,000 to be disbursed on January 2, 1997, respectively.

  • Interest on the Initial Portion shall accrue from the date of each advance on the principal balance thereof.

  • The Parties acknowledge that the Initial Portion was disbursed in the amounts of $500,000.00 on December 9, 1997.

  • The proceeds of the Initial Portion shall be used (i) to consummate a Funded Acquisition, (ii) to pay transaction costs and (iii) for working capital.

  • The Initial Portion shall consist of a disbursement to be made by Agent to Borrowers in the amount of $__________ on the Closing Date, provided that all of the terms and conditions set forth in Section 4.1 have been satisfied.

  • Interest on the Initial Portion shall accrue from December 9, 1997.

  • The Initial Portion of the Deposit shall be non-refundable to the Buyer as of the Effective Date.

  • The proceeds of the Initial Portion shall be used (i) to pay the Existing Debt, (ii) to pay transaction costs and (iii) for working capital.

  • Any reduction in the Consideration resulting from this Section 2.10 shall be accomplished by first reducing the Balance of the ProMedCo Shares and if such reductions exhaust the Balance of the ProMedCo Shares, then the Shareholder shall return within 10 days after a demand therefor by ProMedCo-Northern, sufficient additional shares of ProMedCo Stock from the Initial Portion of the ProMedCo Shares to fully satisfy the reduction in Consideration.


More Definitions of Initial Portion

Initial Portion a portion of the Loan equal to $7,000,000.
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Initial Portion a portion of the Loan in the amount of $7,304,000 to be disbursed on the Closing Date.
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Initial Portion a portion of the Loan in an amount up to $20,000,000. Instruments: collectively, the Loan Instruments, the ▇▇▇▇ Atlantic Acquisition Instruments, the ▇▇▇▇ Atlantic Seller Indebtedness Instruments, the ▇▇▇▇ Atlantic Reseller Agreement, the Letters of Credit Indebtedness Instruments, the Deferred Payment Indebtedness Instruments, the Paging Partners Merger Instruments, the Motorola Indebtedness Instruments and the Subsequent Acquisition Instruments.
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Initial Portion a portion of the Loan in an amount up to $20,500,000. Licenses: all licenses, permits, consents, approvals and authority issued by any Governmental Body in connection with the operation of a Paging Business, including without limitation, all FCC Licenses.
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Related to Initial Portion

  • Initial Portfolio means the initial portfolio of Receivables, comprising Eligible Assets, purchased by the Guarantor from the Seller pursuant to the Master Loans Purchase Agreement.

  • Substantial Portion means, with respect to the Property of the Borrower and its Subsidiaries, Property which (i) represents more than 10% of the consolidated assets of the Borrower and its Subsidiaries as would be shown in the consolidated financial statements of the Borrower and its Subsidiaries as at the beginning of the twelve-month period ending with the month in which such determination is made, or (ii) is responsible for more than 10% of the consolidated net sales or of the consolidated net income of the Borrower and its Subsidiaries as reflected in the financial statements referred to in clause (i) above.

  • Material Portion has the meaning set forth in Section 6.13(c).

  • Initial Pool Balance means, an amount equal to the aggregate Principal Balance of the Receivables as of the Cutoff Date.

  • Existing portion means that land surface area of an existing waste management unit, included in the original Part A permit application, on which wastes have been placed prior to the issuance of a permit.