Drawdown definition

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

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Drawdown means a drawdown of an Advance;

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

Examples of Drawdown in a sentence

• With effect on and from the first date of the Interest Period commencing immediately following the occurrence of the Drawdown Date in respect of Loan C, Loan C will be consolidated into Loan A and Loan B and treated as a single Loan.

• With effect on and from the first date of the Interest Period commencing immediately following the occurrence of the Drawdown Date in respect of each Loan F, that Loan F will be consolidated into the then consolidated Loan and treated as a single Loan.

• With effect on and from the first date of the Interest Period commencing immediately following the occurrence of the Drawdown Date in respect of each Loan E, that Loan E will be consolidated into the then consolidated Loan and treated as a single Loan.

• As of any Drawdown Date, it is Solvent and it will not become insolvent after giving effect to the transactions contemplated by the Loan Documents.

• With effect on and from the first date of the Interest Period commencing immediately following the occurrence of the Drawdown Date in respect of Loan D, Loan D will be consolidated into Loan A, Loan B and Loan C and treated as a single Loan.

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

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 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.

Drawdown means a drawdown of a Facility.