Initial Conditions definition

Initial Conditions means the condition or conditions determined by the Board and applicable to the calculation of the Initial Value.
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Initial Conditions. In addition to the conditions set forth in the Summary of Terms and Conditions, the availability of the Restructuring Credit Facilities shall be conditioned upon satisfaction of, among other things, the following:
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Initial Conditions means [***]
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Examples of Initial Conditions in a sentence

  • The obligations expressed to be assumed by it in each Finance Document to which it is a party are, subject to any general principles of law as at the Signature Date limiting its obligations, which are specifically referred to in any legal opinion delivered pursuant to clause 5.1 (Initial Conditions Precedent) or clause 22 (Change to Obligors), legal, valid, binding and enforceable obligations.

  • Before any Notes may be issued under the Programme after the date of this Agreement, each Dealer must have received and found satisfactory all of the documents and confirmations described in Schedule 2 (Initial Conditions Precedent).

  • Each New Dealer confirms that it has received sufficient copies of such of the conditions precedent documents and confirmations listed in Schedule 2 (Initial Conditions Precedent) to the Dealer Agreement as it has requested, that these have been found satisfactory to it and that the delivery of any of the other documents or confirmations listed in Schedule 2 (Initial Conditions Precedent) to the Dealer Agreement is not required.

  • The Issuer will notify the Dealers promptly in writing if any of the persons named in the list referred to in paragraph 3 of Schedule 2 (Initial Conditions Precedent) ceases to be authorised to take action on behalf of the Issuer or if any additional person becomes so authorised together, in the case of an additional authorised person, with evidence satisfactory to the Dealers that such person has been so authorised.

  • The Borrower may only deliver a Utilisation Request once the Agent has received all the documents and other evidence listed in Schedule 4 Part I (Initial Conditions Precedent), in form and substance satisfactory to the Agent (acting on the instructions from the Lenders).


More Definitions of Initial Conditions

Initial Conditions. The conditions precedent to the Closing Date and the conditions precedent to the deemed funding of Loans and deemed issuance of Letters of Credit on the Closing Date (the “Initial Conditions”) are set forth on Addendum B. Conditions to all Fundings: (1) Accuracy in all material respects of representations and warranties contained in the definitive documentation entered into in connection with the Credit Facility including without limitation all guarantees, all security documentation, and the First Out/Last Out Intercreditor Agreement (collectively, the “Credit Documents”) (other than those stated to be made only on the Closing Date and those expressly made as of an earlier date); (2) solvency and absence of a default or an event of default under the Credit Documents; (3) the applicable Borrower has demonstrated and certified compliance with each Collateral Coverage Ratio immediately before and after giving pro forma effect to such extension of credit; (4) delivery of a borrowing request or letter of credit application, as applicable; (5) after giving pro forma effect to the funding and any transactions anticipated to occur in the period of five (5) business days following the date thereof and any other transactions occurring prior to or substantially simultaneously with such funding, the aggregate amount of Available Cash shall not exceed $125.0 million; and (6) with respect to any borrowing, if the aggregate amount of Available Cash would exceed $125.0 million after giving effect to such borrowing and any other transactions occurring prior to or substantially simultaneously with such borrowing, but excluding the effect of any other transactions that have not occurred prior to or substantially simultaneously with such borrowing, then the applicable Borrower shall have delivered to the Administrative Agent a Use of Proceeds Certificate with respect to such borrowing.
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Initial Conditions. The availability of the Facilities shall be conditioned upon satisfaction of, among other things, the following conditions precedent (the date upon which all such conditions precedent shall be satisfied, the "Closing Date"):
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Initial Conditions means those conditions precedent set forth in Article 5 hereof.
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Initial Conditions means each of (a), (b) and (c) below:
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Initial Conditions. The initial availability of the Revolving Facility shall be subject to satisfaction or waiver of the conditions set forth in Annex B hereto (such date, the “Closing Date”).
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Initial Conditions. The availability of the Senior Credit Facilities shall be conditioned upon the continuing satisfaction of the following conditions precedent (the date upon which all such conditions precedent shall be satisfied, the "Closing Date") on or before ------------ the earlier of (A) the date which is 30 days after the then-operative termination date of the Merger Agreement and (B) February 28, 2001:
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Initial Conditions means each of the following: (A) the licensee has acquired or otherwise contracted for or has an option for the appropriate rights for use of the land to construct and operate the proposed facility; and (B) the licensee has applied for license, permits and approvals required to commence construction of the proposed facility;
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