Drawdown Period definition

Drawdown Period means, in relation to an Advance, the period commencing on the date of this Agreement and ending on the relevant Termination Date or the period ending on such earlier date (if any) on which (a) the aggregate amount of all Advances is equal to the Commitment or (b) the Commitment is reduced to zero pursuant to clauses 4.3, 10.2 or 12 or (c) Delivery of the Ship relevant to such Advance occurs;

Drawdown Period means the period commencing on the Execution Date and ending on the earliest of (a) 19 December 2014, (b) any date on which the amount of the Loan is equal to the Commitment and (ii) any date on which the Commitment is reduced to zero pursuant to clauses 10.2 or 12;

Drawdown Period means the period commencing on the Execution Date and ending in respect of:

Examples of Drawdown Period in a sentence

• The commitment fee shall accrue from day to day during the Drawdown Period and be calculated on the basis of the actual number of days elapsed and a 360 day year in respect of the Drawdown Period and shall be due quarterly in arrear (with the first payment due three Months after the Signing Date) and on the last day in the Drawdown Period or on any earlier date on which the Total Commitments equal zero.

• At the close of business on the last day of the Drawdown Period the undrawn amount of each Bank's Commitment shall be automatically cancelled.

• Subject to the terms of this Agreement, an Advance shall be made to the Company at any time during the Drawdown Period when requested by means of a Drawdown Notice in accordance with this Clause 5.

• The Available Commitments of each Bank will be automatically cancelled at the close of business on the last day of the Drawdown Period.

More Definitions of Drawdown Period

Drawdown Period means the period commencing on the Closing Date and ending on the earlier of (i) the date falling ninety (90) days after the Closing Date or such other date as the Lender and the Borrower may agree and (ii) any date on which the Commitment is finally cancelled or fully drawn under the terms of this Agreement;

Drawdown Period means the period starting on the date of this Agreement and ending on the date which is the earlier of the Repayment Date or [48] months from the date of this Agreement;

Drawdown Period means the period in which the special purpose vehicle has the right to drawdown committed capital;

Drawdown Period means the period commencing on the Execution Date and ending on the earliest of (a) 30 June 2015, (b) the Delivery Date in respect of the second of Vessel G and Vessel H to be delivered by the Builder and (c) any date on which (i) the amount of the Loan is equal to the Total Commitment or (ii) the Total Commitment is reduced to zero pursuant to clauses 10.2 or 12;

Drawdown Period means in relation to the Land Loan Facility, the period as specified in the Facility Letter; and

Drawdown Period means the period during which you may draw down your Advanced Personal Loan. This period will begin on the date that we open your Loan Account and will end on the expiry date of your Card. The expiry date will be the end of the third month after the month in which we open the Loan Account.

Drawdown Period means the period commencing on the Execution Date and ending on the earlier of (i) 31 May 2011 and (ii) any date on which the Commitment is finally cancelled or fully drawn under the terms of this Agreement;