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 the drawdown of a Tranche under the Loan Facility;

Drawdown means a drawdown of an Advance;

Examples of Drawdown in a sentence

No fees, payments or other amounts shall be due to Payee in connection with, or as a result of, any Drawdown Request by Maker.
Once an amount is drawn down under this Note, it shall not be available for future Drawdown Requests even if prepaid.
All risk of loss, theft and damage of and to the Charged Assets from any cause whatsoever shall be the risk of the Borrower, and no such event shall relieve the Borrower of any obligation under a Drawdown Notice.
All indemnities contained in this Loan Agreement or in the Drawdown Notices or other documents delivered pursuant hereto or in connection herewith and continuing, shall survive and remain binding following the expiration, cancellation or other termination of this Loan Agreement and/or the Drawdown Notice.
Payee shall fund each Drawdown Request no later than five (5) business days after receipt of a Drawdown Request; provided, however, that the maximum amount of drawdowns collectively under this Note is Three Hundred Thousand Dollars ($300,000).

More Definitions of Drawdown

Drawdown means in relation to the Credit Facility, a borrowing or credit of funds by way of Advances, other than an Advance by way of Rollover or Conversion.

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 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 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.