Drawdown definition

Drawdown means any principal amount borrowed or to be borrowed (by any means) under the provisions hereof.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Drawdown means the drawdown of a Tranche under the Loan Facility;

Drawdown means a drawdown of an Advance;

Examples of Drawdown in a sentence

Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested, (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) AMERICAS/2024638354.7 AllianceBernstein the Type of such Revolving Credit Loan, and (iv) the Interest Period for such Loan if such Loan is a Term SOFR Loan.
Each such Loan Request must be received by the Administrative Agent no later than (a) 12:00 noon on the proposed Drawdown Date of any Federal Funds Rate Loan or Alternate Base Rate Loan and (b) three (3) Business Days prior to the proposed Drawdown Date of any Term SOFR Loan.
Each such notice must be received by the applicable Swing Line Bank and the Administrative Agent (if other than the Swing Line Bank) not later than 4:00 p.m. on the requested borrowing date, and shall specify (i) the amount to be borrowed, which shall be a minimum of $100,000, (ii) the proposed Drawdown Date of such Swing Line Loan, and (iii) the Interest Period for such Swing Line Loan.
The Borrower irrevocably authorizes each Bank to make or cause to be made, at or about the time of the Drawdown Date of any Loan or at the time of receipt of any payment of principal on such Bank’s Loans, an appropriate notation on such Bank’s Record reflecting the making of such Loan or (as the case may be) the receipt of such payment.
Each Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Revolving Credit Loan requested from the Banks on the proposed Drawdown Date.

More Definitions of Drawdown

Drawdown means a borrowing or credit of funds by way of an Advance;

Drawdown means any Advance which results in an increase in the Outstanding Principal.

Drawdown means a drawdown of cash contributions from one or more Limited Partners pursuant to a Drawdown Notice in accordance with Article 5.

Drawdown means the issuance of a Drawdown Notice to any or all of the Investors for payment of each Investor’s Drawdown Share Amount pursuant to and in accordance with the Subscription Agreements of the Investors.

Drawdown referred to in this Contract shall mean disbursements by Party B of the funds to the Loan Disbursement Account in accordance with Party A’s Application and this Contract. The drawdown schedule hereunder shall be item [see Schedule A] of the following:

Drawdown means a drawdown of a Facility.

Drawdown means the difference in levels between the static water level in a well and the surface of the depressed water level that occurs when the well is pumped.