Initial Utilization Date definition

Initial Utilization Date means the date on which the Tranche A Facility is first utilized.
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Initial Utilization Date means the date on which the Facility is first utilized.
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Initial Utilization Date has the meaning specified in Section 3.2.
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Examples of Initial Utilization Date in a sentence

  • The Loans may be prepaid any time after the Initial Utilization Date.

  • Except as set forth on Schedule 4.15, with respect to employees of the Parent, the Applicants or any other Restricted Subsidiary not already covered by a collective bargaining agreement set forth on Schedule 4.15, as of the Initial Utilization Date no union representation question exists with respect to such employees and, to the knowledge of the Parent and each Applicant, no union organization activity is taking place as of the Initial Utilization Date.

  • Schedule 4.7 lists all litigation pending against any Credit Party as of the Initial Utilization Date that, if adversely determined, could be reasonably expected to have a Material Adverse Effect.

  • As of the Initial Utilization Date, except as set forth on Schedule 4.3, neither the Parent nor any such Restricted Subsidiary is a party to, or has knowledge of, any agreement restricting the transfer or hypothecation of any Stock of any such Subsidiary, other than the Credit Documents and, with respect to any Subsidiary that is not a Wholly-Owned Subsidiary, the governing documents of such Subsidiary.

  • The provisions of this Section do not prevent PERDIGÃO or SADIA from acting in the market in an independent and competitive manner without interference of one party towards the other.

  • Except as set forth on Schedule 4.3, as of the Initial Utilization Date no Stock of any Restricted Subsidiary of the Parent is subject to any outstanding option, warrant, right of conversion or purchase of any similar right.

  • The Administrative Agent shall have received (a) a certificate of a Responsible Officer of the Parent in the form of Exhibit I hereto stating that the Applicants and their Subsidiaries, taken as a whole, are Solvent immediately after giving effect to the Transactions to occur on the Initial Utilization Date and (b) a certificate of a Responsible Officer of the Parent and each Applicant to the effect that the conditions set forth in Section 3.2(m) have been satisfied.

  • For (i) each subsequent Utilization after the Initial Utilization Date in respect of the Tranche A Facility and (ii) each Utilization of the Tranche B Facility Commitment, the Borrower may deliver a Utilization Request after the Lender has received the document proof listed in item 5 of Schedule 1 (Conditions Precedent) for that Utilization.

  • The Administrative Agent shall have received the results of a recent customary Lien search in each relevant jurisdiction in the United States with respect to the Parent, the Applicants and those of Persons that shall be Guarantors as of the Initial Utilization Date (whether as a condition to the Initial Utilization Date or subsequent to the occurrence thereof).

  • The Administrative Agent shall have received, on behalf of itself, the Collateral Agent, the Participants and the Issuers, favorable written opinions, each in form and substance reasonably satisfactory to the Administrative Agent, of (a) ▇▇▇▇▇ ▇▇▇▇▇ L.L.P., counsel to the Credit Parties on the Initial Utilization Date, (b) ▇▇▇▇ ▇.


More Definitions of Initial Utilization Date

Initial Utilization Date means the date of the initial Utilization under the Tranche A Guaranteed Credit.
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Initial Utilization Date means, in respect of either the Initial Facility Loans [***], the date upon which the relevant Initial Utilization is, or is to be, made and "Initial Utilization Dates" shall be construed accordingly.
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Initial Utilization Date means the first date on which any Credit Extension is made under this Agreement.
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Related to Initial Utilization Date

  • Increase Date has the meaning specified in Section 2.18(a).

  • Total Utilization of Revolving Commitments means, as at any date of determination, the sum of (a) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of repaying any Refunded Swing Line Loans or reimbursing the Issuing Banks for any amount drawn under any Letter of Credit, but not yet so applied), (b) the aggregate principal amount of all outstanding Swing Line Loans, and (c) the Letter of Credit Usage.

  • Activation Date means the date upon which MLBFS shall cause the WCMA Line of Credit to be fully activated under MLPF&S' computer system as part of the WCMA Program.

  • Applicable Utilization Fee means, as of any date that the aggregate Advances exceed 33% of the aggregate Commitments, a percentage per annum determined by reference to the Public Debt Rating in effect on such date as set forth below: -------------------------------- ----------------------------- Public Debt Rating Applicable S&P/Moody's Utilization Fee -------------------------------- ----------------------------- Level 1 BBB+ or Baa1 or above 0.125% -------------------------------- ----------------------------- Level 2 BBB or Baa2 0.250% -------------------------------- ----------------------------- Level 3 BBB- and Baa3 ▇.▇▇▇% -------------------------------- ----------------------------- Level 4 BBB- or Baa3 ▇.▇▇▇% -------------------------------- ----------------------------- Level 5 BB+ and Ba1 ▇.▇▇▇% -------------------------------- ----------------------------- Level 6 Lower than Level 5 ▇.▇▇▇% -------------------------------- -----------------------------

  • Availability Date means the day after the end of the fourth fiscal quarter following the fiscal quarter that includes such Effective Time on which the Company is required to file its Form 10-Q for such fiscal quarter except that, if such fourth fiscal quarter is the last quarter of the Company’s fiscal year, “Availability Date” means the day after the end of such fourth fiscal quarter on which the Company is required to file its Form 10-K.