Draw Down Loan definition

Draw Down Loan means the loan provided by the State of Indiana pursuant to the provisions of IC 5-13-10.5-20 for each Rail Project.
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Draw Down Loan shall have the meaning set forth in Subparagraph 12.23.A hereof.
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Draw Down Loan is redefined to mean the "Promissory Note" provided to Skandinaviska Enskilda Banken, New York, and signed by GK FINANCING, LLC on April 29, 1996, in consideration for the USD 1,300,000.- received by GK FINANCING, LLC.
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Examples of Draw Down Loan in a sentence

  • All capitalized terms and expressions used herein which are defined in the Operating Agreement shall have the meaning set forth in the Operating Agreement except for the term "Draw Down Loan" as amended herein.

  • Any remaining funds held in the Available Revenue Account shall, after payment of the IFA Available Revenues Bonds or Draw Down Loan be transferred to RDA.

  • The Deposit Trustee shall disburse funds in the IFA Available Revenue Account equal to the Lease Rentals then due on the IFA Available Revenues Bonds or Draw Down Loan to the IFA Available Revenue Debt Service Account on the day before any Debt Service is due on the IFA Available Revenues Bonds or Draw Down Loan.

  • However, GKV shall have the right to offset such cash payment against the then outstanding principal and accrued interest under the GKV Loan and/or the Draw Down Loan, whether or not such principal or accrued interest is then payable.