Drawdown Period definition

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 Period means, in relation to an Advance, the period commencing on the date of this Agreement and ending on the relevant Termination Date or the period ending on such earlier date (if any) on which (a) the aggregate amount of all Advances is equal to the Commitment or (b) the Commitment is reduced to zero pursuant to clauses 4.3, 10.2 or 12 or (c) Delivery of the Ship relevant to such Advance occurs;

Drawdown Period means the period in which the special purpose vehicle has the right to drawdown committed capital;

Examples of Drawdown Period in a sentence

• The Borrower may make one or several Drawdowns of Tranche B, which must be made during the Drawdown Period of Tranche B.

• Subject to compliance with the requirements set forth in Clause Nine of this Agreement, the Borrower may dispose of Tranche A in various Drawdowns during the corresponding Drawdown Period.

• Page 42 of 120 In the event that the total Drawdown of the Credit is not made within the Drawdown Period, it will be understood that the amount of the Credit will be the amount actually drawn on the date of termination of the Drawdown Period and the Creditors will be released from their obligation to deliver the Drawdowns.

• During the Drawdown Period, regardless of whether the Borrower has fulfilled its debt repayment obligations under the limit, the limit utilized by the loan amount shall not be restored.

More Definitions of Drawdown Period

Drawdown Period means the period commencing on the Execution Date and ending in respect of:

Drawdown Period means the period commencing on the Execution Date and ending on the earliest of (a) 31 December 2014, (b) the Delivery Date in respect of the second Ship to be delivered by the Seller and (c) any date on which (i) the amount of the Loan is equal to the Total Commitment or (ii) the Total Commitment is reduced to zero pursuant to clauses 10.2 or 12;

Drawdown Period means in relation to the Land Loan Facility, the period as specified in the Facility Letter; and

Drawdown Period means the period starting on the Effective Date and ending on the date which is the earlier of the Repayment Date or thirty six (36) months from the date of this Agreement;

Drawdown Period means the period commencing on the Execution Date (inclusive) and ending on the Drawdown Period Termination Date (inclusive).

Drawdown Period means the period commencing on the Closing Date and ending on the earlier of (i) 31 December 2019 or such other date as the Lender and the Borrower may agree and (ii) any date on which the Commitment is finally cancelled or fully drawn under the terms of this Agreement;

Drawdown Period means the period beginning from the Signing Date (inclusive) and ending on the date of six (6) months thereafter;