Maximum Draw Clause Samples
The Maximum Draw clause sets a limit on the total amount of funds or resources that can be withdrawn or accessed under an agreement. In practice, this means that a party cannot request disbursements or advances exceeding a specified cap, regardless of the overall facility size or contract value. This clause is essential for managing financial risk and ensuring that the lender or provider retains control over the maximum exposure at any given time.
Maximum Draw. After the Closing Date and the initial Advance, no more than [***] of the Aggregate Commitment Amount may be drawn in any rolling thirty (30) day period, unless otherwise agreed by the Administrative Agent.
Maximum Draw. After the Closing Date and the initial Advance, no more than the Maximum Borrowing Percentage of the Aggregate Commitment Amount may be drawn [***], unless otherwise agreed by the Administrative Agent.
Maximum Draw. After the Closing Date and the initial Advance, no more than the Maximum Borrowing Percentage of the Aggregate Commitment Amount may be drawn in any rolling thirty (30) day period, unless otherwise agreed by the Administrative Agent. 742613903 21686243