Initial Use Date definition
Initial Use Date has the meaning assigned to that term in the definition of the term “Use Period.”
Initial Use Date means either (i) the date of the expiration or earlier termination of the Equipment Lease and Beneficiary’s receipt of possession of the Equipment on the Site in accordance with the Equipment Lease or (ii) the date as determined by the Owner, should the Owner cause completion of the Equipment as per Section 5.1(c)(i) or Section 5.1(c)(ii) of the CAA. The Initial Use Date will not occur if Chicopee purchases the Equipment pursuant to the Equipment Lease.
Initial Use Date has the meaning assigned to that term in the definition of the term “Use Period.” “Insolvency or Liquidation Proceeding” means:
Examples of Initial Use Date in a sentence
Each year starts on the same day of the year as the Closing Date, except that the first Journey must be on or after the Initial Use Date.
In the event that the Initial Use Date is after the first day of ▇▇▇▇▇’s first Designated Time Period, ▇▇▇▇▇ has the right to use first year Points for Journeys at any available time during but ending after a two year period following the Use Date.