Drawdown Date definition

Drawdown Date means, in relation to an Advance, the date requested by the Borrower for the Advance to be made, or (as the context requires) the date on which the Advance is actually made;

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Drawdown Date means the date on which a Drawdown is made by the Borrower pursuant to the provisions hereof and which shall be a Banking Day.

Drawdown Date means, in relation to each Advance, any date, being a Banking Day falling during the Drawdown Period for such Advance, on which the relevant Advance is, or is to be, made available;

Examples of Drawdown Date 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 Date

Drawdown Date means the date of the advance of a Loan.

Drawdown Date means the date requested by the Borrower for the Loan to be made, or (as the context requires) the date on which the Loan is actually made;

Drawdown Date means the date for the making of an Advance.

Drawdown Date means any Business Day on which an Advance is made or is deemed to be made.

Drawdown Date means the date on which a Drawing is advanced under Clause 4.

Drawdown Date means the date, which shall be a Business Day, of any Advance.

Drawdown Date means the date on which an Advance is made, or is proposed to be made.