Example ContractsClausesInitial Loans
Initial Loans
Initial Loans contract clause examples

Initial Loans. Subject to the terms and conditions set forth in this Agreement, on the Closing Date the Lenders severally agree to make Loans in the original principal amount of $150,000,000.00 (the “Initial Loans”) to the Borrowers.

Initial Loans. The following conditions must be satisfied before the Lender shall have any obligation to make or continue Loans on the Closing Date under this Agreement:

Initial Loans” means the loans made by the Lenders under this Agreement excluding any Incremental Loans, Refinancing Loans or Extended Loans (it being understood that Initial Loans were made on and after the Closing Date as term loans and converted to revolving loans as of the First Restatement Date).

Initial Loans” has the meaning specified in Section 2.01.

Initial Loans” shall mean the term loans made or converted from Prior Term Loans by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01.

Initial Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make on the Closing Date Loans to the Borrower, in Dollars, in an amount equal to its Initial Commitment (the “Initial Loans”). The funding of the Initial Loans shall consist of

Initial Loans” means the Loans made on the Initial Funding Date.

Initial Loans” shall mean the term loans made or converted from Prior Term Loans by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01.

Initial Loans” has the meaning specified in Section 2.01(a).

Initial Loans. Subject to the terms and conditions set forth in this Agreement, on the Closing Date the Lenders severally agree to make Loans in the original principal amount of $150,000,000.00 (the “Initial Loans”) to the Borrowers.

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