Drawdown Day definition

Drawdown Day means the date of drawdown of the Refinancing Loan Amount; all references to Drawdown Day plus or minus any number of days means Drawdown Day plus or minus such number of business day i.e. Monday to Friday excluding Saturday, Sunday and general holidays defined in the General Holidays Ordinance (Cap. 149).
Sample 1Sample 2Sample 3
Drawdown Day means the date on which the principal of this Credit Facility is advanced to the Borrower in accordance with this Agreement, including the Initial Drawdown Date.
Sample 1
Drawdown Day means a Banking Day on which a Drawdown pursuant to the Credit is permitted to be obtained by the Borrower from the Lender;
Sample 1

Examples of Drawdown Day in a sentence

  • In case where any of the Lenders fails to provide the Loan as agreed under this Contract to the Borrower, the Lenders shall notify the Agent Bank in form of a written report 1 Business Day prior to the Drawdown Day.

  • All of the Lenders shall ensure that their respective Committed Loan Ratio will be provided before 15:30 on the Drawdown Day, and the Loan shall reach the Borrower’s designated syndicated loan bank account at the Clearing Bank before 17:00.

  • The Borrower shall submit to the Agent Bank a drawdown application form 2 Business Days prior to the Drawdown Day as agreed under this Contract and Drawdown Plan.

  • If the Borrower wishes to obtain a Drawdown by way of LIBOR Borrowing it shall deliver to the Lender a Drawdown Notice not later than 10:00 a.m. (Toronto time) on the second Banking Day prior to the day on which the Borrower requests such Drawdown to be made, specifying, among other things, the amount and type of Accommodation requested by the Borrower and the Drawdown Day.

  • The first interest period under this Contract shall start from the first Drawdown Day, and ends the previous day of following BusinessDay.

Related to Drawdown Day

  • Drawdown Date means, in relation to an Advance, the date requested by the Borrower for the Advance to be made, or (as the context requires) the date on which the Advance is actually made;

  • Man Day means 7.5 Man Hours, whether or not such hours are worked consecutively and whether or not they are worked on the same day;

  • Drawdown means a drawdown of an Advance;

  • Utilisation Date means the date of a Utilisation, being the date on which the relevant Loan is to be made.

  • Collection Day means any day which is scheduled by the Municipality for municipal collection of collectible waste.

  • Computation Day and "Record Date" shall mean 10, 10, 10, and 10.

  • Quotation Day means, in relation to any period for which an interest rate is to be determined, two (2) Business Days before the first day of that period.

  • Calculation Day means any Index Business Day during the Calculation Period on which a Market Disruption Event has not occurred.

  • Valuation Day means any day on which Repo Custodian is open for business.

  • Transaction Day means each twenty-four (24) hour period or portion thereof, for which a customer of a Rental Car company rents, or otherwise enters into a similar arrangement for the use of a Motor Vehicle and for which the Rental Car company collects revenue from the customer. Late returns (after twenty-four (24) hours) shall be considered a Transaction Day.

  • Drawdown Notice means a notice in the form set out in Schedule 2 (or in any other form which the Agent approves or reasonably requires);

  • Drawdown Period means the period commencing on the Execution Date and ending on the earlier of (i) 30 April 2012 and (ii) any date on which the Commitment is finally cancelled or fully drawn under the terms of this Agreement;

  • Drawdown Request means a notice substantially in the form set out in Schedule 3 (Drawdown Request).

  • Election Day means the day fixed under this Act for the holding of any poll needed for an election;

  • Subsequent Interest Period has the meaning specified in Section 307.

  • Reset Interest Period means each period from (and including) the First Call Date or any Reset Date and ending on (but excluding) the next Reset Date;

  • Dealing Day means every Business Day from Monday to Saturday of every week. Units will be available for dealing (purchase, redemption, transfer, switching etc) on Dealing Days during Cut-off Time. Provided that the Management Company may with the prior written consent of the Trustee and upon giving not less than seven days notice in two widely circulated English or Urdu newspapers in Pakistan declare any particular Business Day(s) not to be a Dealing Day(s).

  • Utilisation means a utilisation of the Facility.

  • LIBOR Tranche means the collective reference to LIBOR Rate Loans whose Interest Periods begin and end on the same day.

  • LIBOR Interest Period means, with respect to a LIBOR Advance, a period of one, two, three or six months, as selected in advance by the Borrower.

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Step-Down Date The earliest of the Distribution Date in [MONTH/YEAR] or any succeeding Distribution Date on which the following conditions are satisfied as of the last day of the month preceding such Distribution Date:

  • Evaluation Day shall have the meaning set forth in Section 2.3.1(b).

  • Eurodollar Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(ii).

  • Subscription Day means the last Business Day of each week or such other day or days as the Directors may from time to time determine that Participating Shares in the Fund are available for subscription;

  • Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).