Drawdowns definition

Drawdowns means the Capital Contributions made to the Partnership pursuant to Section 5.1 from time to time by the Partners pursuant to Drawdown Notices.

Drawdowns under the “Bridge Loan” are only permissible if in addition to the preconditions set forth in Annex 4a (“General Preconditions for Drawdown”) and in Annex 4b (“Special Preconditions for each Drawdown”):

Drawdowns will be made in a maximum amount of 56.72 % of the respective net invoice amount, which is in excess of EUR 22,000,000. “Drawdowns” under the “Term Loan” are made in amounts of at least EUR 3,000,000 except for the last “Drawdown”. There will be a maximum of twelve “Drawdowns”.

Examples of Drawdowns in a sentence

• Drawdowns from the working capital reserve shall be restored from contributions as soon as possible.

• Quarterly Drawdowns: Select "Yes" or "No" from the dropdown menu to indicate whether your organization maintained consistent Quarterly Drawdowns from eLOCCS for the most recent grant terms related to this renewal project.

• Drawdowns for the payment of eligible expenses shall be made against the line item budgets specified in Paragraph III herein and in accordance with performance.

• If "No," is selected, one new question will appear in which the applicant must explain, in the textbox provided, as to why the recipient has not maintained consistent Quarterly Drawdowns for the most recent grant terms related to this renewal project request.

• Drawdowns for the payment of eligible expenses shall be made against the line item budget specified below.

More Definitions of Drawdowns

Drawdowns are made in the amount of a maximum of 20.5% of the respective net invoice amount.

Drawdowns of selected paint colors to be provided prior to commencing work.

Drawdowns. On the Closing Date, the Company shall draw down the entire $100,000,000 principal amount of the Initial Loan.

Drawdowns. The Borrower may make drawdowns each of an amount of a minimum of USD 5 mio., or any multiples of USD 5 mio., provided that each draw down, added to the already effected and not repaid drawdowns, do not exceed in the aggregate the Amount of the Loan as defined above, once a month, on the Nestle Netting value date listed as "Settlement Date" in Annex 1 to this Agreement. Annex 1 will be completed for 2005 at a later date. The Borrower shall give 15 days prior notice to the Lender for drawdowns of up to USD 50'000'000 (fifty million US dollars), and 30 days prior notice for drawdowns of higher amounts. Amounts drawn and repaid may be reborrowed in accordance with the terms hereof. Each drawdown is conditional upon there having been, at the date of each drawdown, no material adverse change in the financial condition of the Borrower which may have an effect on its ability to repay any amounts drawn down (which have not been repaid) and accrued interest thereon outstanding at that time.

Drawdowns mean the Capital Contributions provided for in Section 3.2 and pursuant to the procedures set forth in Section 3.2 from time to time by the Class B Limited Partner pursuant to Drawdown Notices.

Drawdowns designate the use of the Credit made by the Borrower in accordance with the provisions of Article III of the Contract. 3 //revenue stamp - FRENCH REPUBLIC 17 F // -3- II - CHARACTERISTICS OF THE CREDIT

Drawdowns means the Capital Contributions provided for in Section 5.1 and pursuant to the procedures set forth in Section 5.2 from time to time by the Members pursuant to Drawdown Notices.