Initial Principal Payment Date

Example Definitions of "Initial Principal Payment Date"
Initial Principal Payment Date. The date that is the earlier of: (i) ninety (90) days after the Effective Date, or (ii) 2 Business Days following the receipt by the Corporation of funds from the closing of an initial public offering or other transaction (whether public or private) involving the Corporation's sale, issuance, or transfer of securities of the Corporation, or (iii) the disbursement of the Bank Cash Collateral from the Bank to Borrower or the Corporation
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