Draw-down Expiration Date definition
Examples of Draw-down Expiration Date in a sentence
The Draw-to-Facility Fee shall be paid quarterly in arrears, commencing October 1, 2011 and on the first Business Day of each January, April, July, and October thereafter until the Draw-down Expiration Date.
Subject to the terms and conditions of this Agreement (including without limitation Section 4A.4), each Draw-to-Facility Lender severally and for itself alone agrees to make Advances of the Draw-to-Facility in Dollars from time to time on any Business Day during the period from the Effective Date until (but excluding) the Draw-down Expiration Date in an aggregate amount not to exceed such Lender’s Draw-to-Facility Percentage of the Draw-to-Facility Aggregate Commitment.
From the Effective Date until the Draw-down Expiration Date, each Draw-to-Facility Advance shall bear interest at the Base Rate or the Eurodollar-based Rate as elected by Borrowers.
Following the Draw-down Expiration Date, the Borrowers may convert any Draw-to-Facility Advance (i) from a Base Rate Advance to a Eurodollar-based Rate Advance, or (ii) from a Eurodollar-based Rate Advance to a Base Rate Advance, provided, however, at all times from the Effective Date until the Draw-to-Facility Maturity Date no more than three (3) Eurodollar-based Rate Advances may be outstanding.