Drawdown Note definition

Drawdown Note or "Note" shall have the meaning set forth in the Note Purchase Agreement. 1.9. "Exchange Act" means the Securities Exchange Act of 1934, or any successor Federal statute, and the rules and regulations of the Commission thereunder, all as the same shall be in effect at the time. Reference to a particular section of the Exchange Act shall include a reference to the comparable section, if any, of any such successor Federal statute.
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Drawdown Note has the meaning ascribed thereto in Subsection 2.7 of this Agreement;
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Examples of Drawdown Note in a sentence

  • Such final debt service schedule shall be amended in the event that principal drawn down on the Draw-down Note is less or greater than $18,240,000.

  • For the avoidance of doubt, the creation and maintenance of the Redevelopment Plan Exit #3 Redevelopment Project Area and Exit #3 Municipal Improvement District are the sole responsibility of the City, subject to any consent from the County and the School District as required by applicable law and subject to the joint and several liability of the County on the Draw-down Note and this Loan Agreement.

  • Any deferred but unpaid portion of the Carry-over Amounts will be “carried over” to the next TIF Year and similar procedures shall be followed until the final maturity date of the Draw-down Note.

  • The obligation to make interest payments on an Interest Payment Date during the first five years after the date of the first draw on the Draw-down Note will be payable only from Pledged TIF Revenues generated and collected during such years.

  • The Bank shall first disburse the Grant proceeds for the Projects and, only once the Grant has been fully exhausted, then provide Disbursements pursuant to the Draw-down Note for the Exit #3 Proper Project; provided, in accordance with the IGA the Excess County Parkway North Deposit Funds (as such term is defined in the IGA), if any, shall be fully exhausted prior to any subsequent disbursement of proceeds from the Loan.

  • Interest accruing after the fifth year following the date of the first draw on the Draw-down Note shall be due and payable in full on each Interest Payment Date (“Regular Interest Payments”).

  • All funds on deposit in the Debt Service Reserve Fund shall be remitted to the Owner or Project Sponsors, as the case may be, within 60 days of the date the Draw-down Note is paid in full.

  • From the date of the first draw on the Draw-down Note, the Pledged TIF Revenues, the Debt Service Reserve Fund and the MID Revenues (exclusive of the MID Revenues explicitly specified in the Assessment Roll to be used for administrative expenses of the Exit #3 Municipal Improvement District) must be pledged to (and used for) retirement of the Loan.

  • This Loan Agreement and the Draw-down Note shall be subject to the Bank’s Standard Terms and Conditions.

  • All remaining deferred and unpaid Carry-over Amounts shall be payable in full at the final maturity date of the Draw-down Note together with all remaining principal and any Regular Interest Payments.

Related to Drawdown Note

  • Drawdown Notice means a notice in the form set out in Schedule 2 (or in any other form which the Agent approves or reasonably requires);

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

  • Borrower Note means the “Borrower Note” as defined in the Borrower Loan Agreement.

  • Drawdown Request means a notice substantially in the form set out in Schedule 3 (Drawdown Request).

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