Initial Draw Date definition

Initial Draw Date means the first Draw Date on which Notes are issued and sold to the Purchaser pursuant to the terms of this Agreement.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Initial Draw Date means, with respect to any Term Loan, the date of the initial drawing under such Term Loan.

Initial Draw Date means November 12, 2013.

Examples of Initial Draw Date in a sentence

The Commitment Fee shall accrue at all times during the Availability Period, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Initial Draw Date, and on the last day of the Availability Period for the Revolving Credit Facility.
On the Initial Draw Date (as hereinafter defined), the Borrower Representative acquired all of the issued and outstanding equity interests (the “Acquisition”) of New Young Broadcasting Holding Co., Inc.
Change its fiscal year or any fiscal quarter from the periods and ending dates in effect on the Initial Draw Date.
On the Initial Draw Date, each Term B-1 Lender made to the Borrower term loans in an aggregate principal amount not exceeding such Term B-1 Lender’s Term B-1 Commitment as in effect on such date.
A put option premium in an amount equal to 6.00% of the principal amount Closing Fee: 4.00% of the principal amount of the DIP Term Facility shall be paid in additional DIP Term Loans to the Backstop Parties on the Initial Draw Date, ratably based on their respective Backstop Commitments on the Initial Draw Date, which Closing Fee shall be shared with the other Term Lenders pursuant to the Syndication Procedures.

Initial Draw Date means the first Draw Date on which Notes are issued and sold to the Purchaser pursuant to the terms of this Agreement. "Issuers" has the meaning set forth in the Preamble of this Agreement.

Initial Draw Date means the date on which the Company first draws funds against the Credit Facility (as that term is defined in the Credit Agreement).

Initial Draw Date means the date on which the first Advance hereunder is made to the Borrower.

Initial Draw Date means the date of the execution of the Security Documents as contemplated in Section 3.1O when the Company will borrow the first $15,000,000 tranche available under the Loan Commitments.

Initial Draw Date means the date that all the conditions precedent in Section 4.02 are satisfied in accordance with their terms or waived in accordance with Section 10.01, which date shall occur no later than the first anniversary of the Signing Date.

Initial Draw Date means the date on which the first Loan is advanced by the Banks hereunder.

Initial Draw Date means the date of Borrower's initial request for a Draw Line Loan under this Note.