Draw definition

Draw means the disbursement of funds to a Development.

Draw for any Mortgage Loan means an additional borrowing by the mortgagor after the Cut-off Date, in accordance with the related Mortgage Note.

Draw means, with respect to each HELOC, an additional borrowing by the Mortgagor in accordance with the related Credit Line Agreement.

Examples of Draw in a sentence

• Provided that the Applicant has performed all obligations of the Applicant then due and subject to compliance by the Applicant with the terms and conditions of this Agreement, the City shall make Draws (each, a “Draw” and collectively, the “Draws”) to Applicant for the Project Scope, up to the maximum amount of the Project Funds in accordance with the Approved Draw Schedule attached hereto as Exhibit F.

• The obligation of the City to make the Final Draw is conditioned upon the occurrence of the Applicant having completed the Project Completion Conditions set forth in Section 5.1 hereof.

• Draw Request Form - the draw request form, available from the City and on the Tree Commission website, for use by the Applicant requesting payment for completed tasks of the Scope of Work.

• All Draws shall be made from time to time upon written application of the Applicant pursuant to a Draw request (each, a “Draw Request”).

• Applicant acknowledges and agrees that the Project Funds shall be disbursed on a work performed and invoiced basis, subject to the Draw requirements in Article VI herein.

More Definitions of Draw

Draw. With respect to any Mortgage Loan, an additional borrowing by the Mortgagor subsequent to the Cut-Off Date in accordance with the related Credit Line Agreement.

Draw. With respect to any Mortgage Loan, a borrowing by the related Mortgagor under the related Loan Agreement.

Draw means the approved selection process by which the winner(s) are determined on a random basis.

Draw means in draw poker, the taking of additional cards by a player; Eff 10/30/2008

Draw means the disbursement of funds to a HOME Project.

Draw. With respect to any HELOC, a borrowing by the related Mortgagor under the related Loan Agreement.

Draw. With respect to any HELOC Mortgage Loan, an additional borrowing by the Mortgagor subsequent to the Cut-Off Date in accordance with the related Credit Line Agreement.