Draw Down Schedule definition
Examples of Draw Down Schedule in a sentence
Investors will receive bi-monthly reports from the Manager and monthly production bank statements which reflect how production funds are being spent to ensure that such funds are spent in accordance with the Draw Down Schedule.
The Executive Director may rely on the accuracy of the Draw Down Schedule in determining the amount of Note proceeds to be allocated to the Authority's Facility Cost at any given time.
The Manager shall establish a production bank account, into which each Investor shall deposit its Capital Contribution, with such account designated to exclusively fund 100% of the Budget based on the Draw Down Schedule approved by the Investors.
The Educational Institution may revise the Draw Down Schedule by written notice to the Executive Director and the revised Draw Down Schedule shall be effective with respect to any Notes issued more than 10 days after the Executive Director’s receipt thereof.
In accordance with the Notice of Drawdown attached to this Agreement as the Fourth Schedule, a Borrower may from time to time request the making of an Advance according to the Second Schedule ("Proposed Draw Down Schedule") under the individual loan agreements by the delivery to the Bank, not more than ten nor less than five Business Days before the proposed date for the making of such Advance, of a duly completed Notice of Drawdown therefor.
In accordance with the Notice of Drawdown attached to this Agreement as the Third Schedule, the Borrower may from time to time request the making of an Advance according to the First Schedule ("Proposed Draw Down Schedule") under the individual loan agreements by the delivery to the Bank, not more than ten nor less than five Business Days before the proposed date for the making of such Advance, of a duly completed Notice of Drawdown therefor.
The amount of proceeds of the Notes to be issued on any date which will be used to pay the Authority's Facility Cost, shall be based upon the aggregate amount required and the times at which amounts are required as certified by the Educational Institution in the Draw Down Schedule.