Credit Drawdowns definition

Credit Drawdowns refers to the disbursements of the Credit that the Borrower may make in accordance with the terms of the Credit Agreement.
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Credit Drawdowns means the disbursements from the Credit that the Borrower may make in accordance with the terms of this Agreement.
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Examples of Credit Drawdowns in a sentence

  • To enable the Trustee to make the uses, payments, or remittances of proceeds of the Credit Drawdowns on the date requested by Chrysler México, the Trustee must receive the proceeds directly in the Loan Account prior to eleven o’clock a.m. on the date on which such uses, payments, or remittances are to be made.

  • The Borrower undertakes to conduct the Credit Drawdowns in accordance with the provisions of the Drawdown and Investment Schedule.

  • In the event that the Monaco Pledge is in a judicial process to conduct its execution, the Borrower will not be able to continue making Credit Drawdowns in accordance with this Agreement until the resources derived from the execution of such pledge are not effectively provided.

  • Any amounts drawn on the Line of Credit ("Drawdowns") will be subject to the terms and conditions contained in the form of agreement attached hereto as Exhibit C and incorporated by this reference.

Related to Credit Drawdowns

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Drawdown means any principal amount borrowed or to be borrowed (by any means) under the provisions hereof.

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