Draw Two definition

Draw Two means a Base Rate Loan or a Euro-Dollar Loan in an amount not to exceed the Draw Two Commitment, the proceeds of which are to be used solely to repay the Tender Advance (as such term is defined in the Reimbursement Agreement).
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Examples of Draw Two in a sentence

  • The Draw Two Commitment shall terminate on the earlier of (i) the Draw Two Date and (ii) May 1, 2002.

  • Draw Two shall be advanced to the Borrower on the date specified in the Notice of Borrowing.

Related to Draw Two

  • Draw Period is the period of time from the Effective Date through the earlier to occur of (a) June 30, 2012, or (b) an Event of Default.

  • Draw Date means, with respect to any Insured Distribution Date, the third Business Day immediately preceding such Insured Distribution Date.

  • First draw sample means a one−liter sample of tap water that has been standing in plumbing pipes at least 6 hours and is collected without flushing the tap.

  • Delayed Draw Funding Date means any date on which the Delayed Draw Term Loans are funded hereunder, which shall in no event be later than the Delayed Draw Term Loan Commitment Termination Date.

  • Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that such loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.