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

The failure of any Lender to make its Rateable Portion of any Loan shall not relieve any other Lender of its obligation, if any, hereunder to make its Rateable Portion of such Loan on the Drawdown Date, Rollover Date or Conversion Date, as the case may be; for certainty, without derogating from the operation of Section 14.14 or Section 15.2, no Lender shall be responsible for the obligations of any other Lender hereunder.
Such interest shall accrue daily and shall be payable in arrears on each Interest Payment Date for such Loan for the period from and including the Drawdown Date or the preceding Conversion Date or Interest Payment Date, as the case may be, for such Loan to and including the day preceding such Interest Payment Date and shall be calculated on the principal amount of the Canadian Prime Rate Loan outstanding during such period and on the basis of the actual number of days elapsed in a year of 365 days.
Such interest shall accrue daily and shall be payable in arrears on each Interest Payment Date for such C▇▇▇▇ Loan for the period from and including the Drawdown Date or the preceding Rollover Date, Conversion Date or Interest Payment Date, as the case may be, for such C▇▇▇▇ Loan to and including the day preceding such Interest Payment Date and shall be calculated on the principal amount of the C▇▇▇▇ Loan outstanding during such period and on the basis of the actual number of days elapsed divided by 365.
Such interest shall be payable in arrears on each Interest Payment Date for such Loan for the period from and including the Drawdown Date or the preceding Conversion Date or Interest Payment Date, as the case may be, for such Loan to and including the day preceding such Interest Payment Date and shall be calculated on the principal amount of the U.S. Base Rate Loan outstanding during such period and on the basis of the actual number of days elapsed in a year of 365 days.
Such interest shall accrue daily and shall be payable in arrears on each Interest Payment Date for such SOFR Loan for the period from and including the Drawdown Date or the preceding Rollover Date, Conversion Date or Interest Payment Date, as the case may be, for such SOFR Loan to and including the day preceding such Interest Payment Date and shall be calculated on the principal amount of the SOFR Loan outstanding during such period and on the basis of the actual number of days elapsed divided by 360.

More Definitions of Drawdown Date

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 of the advance of a Loan.

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.