Initial Collateral Release Date definition
Initial Collateral Release Date means the earliest to occur of (i) the date on which the first Borrower Release occurs pursuant to the terms hereof and (ii) a Disposition of Collateral that is not a Permitted Disposition pursuant to the terms hereof.
Initial Collateral Release Date means the occurrence of a Disposition of Collateral that is not a Permitted Disposition pursuant to the terms hereof.