Drawing Power definition

Drawing Power in connection with the Facilities, means the drawing power of the Borrower to make drawals from time to time under each Facility upto the amount of the respective Limits but not exceeding the value of the Security Interest provided to the Bank for such Facility, less the corresponding Margin.
Sample 1Sample 2Sample 3
Drawing Power in connection with the Facilities, shall mean the ability of the Borrower to make Drawdown from time to time under each of the Facilities up to the amount of the respective Available Limits but not exceeding the value of the current assets, if any, provided as Security to the Bank for such Facilities less the corresponding Margin or such other amount as may be ascertained by the Bank from time to time at its sole discretion. “Due Date” shall mean the date(s) on which the Indebtedness or any part becomes due and payable in terms of this Agreement and/or the other Transaction Documents.
Sample 1Sample 2Sample 3
Drawing Power shall, for any Individual Facilities shall mean the least of (i) Sanctioned Limit for that Individual Facility, (ii) value of the Security provided for that Individual Facilities less margin or (iii) Operative Limit for that Individual Facilities as decided by the Bank based on its assessment.
Sample 1

Examples of Drawing Power in a sentence

  • Actual sales / operating profits falling short of projections accepted for loan sanction by 40% or more; or a single event of non-cooperation / prevention from conduct of stock audits by banks; or reduction of Drawing Power (DP) by 20% or more after a stock audit; or evidence of diversion of funds for unapproved purpose; or drop in internal risk rating by 2 or more notches in a single review.

  • The system should have the capability of recording pledge/release of collateral of Loans secured against Pledge of stock/ shares and calculate Drawing Power accordingly.

  • Moreover System should enforce Drawing Power on Limit /Loan for which the collateral is being pledged.

  • If a CC / OD account is sanctioned against hypothecation of stock & book debts, the borrower has to submit the stock and book debt statements periodically to facilitate the Bank to determine Drawing Power under the account.

  • In addition, the ‘Jordan First, Arab Second Campaign’ will be analyzed in detail to illustrate the fact that the Jordanian regime mobilized Jordanian watani identity and norms in order to cope with challenges brought by al-Aqsa uprising.

  • Drawings in the account will be regulated on the basis of Drawing Power computed as per the latest Stock Statement.

  • If a CC / OD account is sanctioned against hypothecation of stock & book debts, the borrower has to submit the stock and book debt statements periodically to facilitate lenders to determine Drawing Power under the account.

  • The Bank shall calculate the Drawing Power on the basis of a monthly statement to be submitted of book debts or stock or other assets as the case may be.

  • No Drawing Power will be calculated in respect of book debts over 60 days or such days as mentioned in the Sanction Letter or the Individual Sanction Letter (as the case may be).

  • The Borrower agrees that the drawings in the Cash Credit Account or other accounts shall be allowed to the extent of Drawing Power unless otherwise agreed to by the Bank.


More Definitions of Drawing Power

Drawing Power means the threshold limit(s) assessed by the Lender, in its sole discretion from time to time which shall be within the overall sanctioned limit and shall determine the amount of
Sample 1Sample 2
Drawing Power means the amount eligible for Loan aGer reduction of Security Margin on the Security Shares and the said margin may be fixed by the Lender at its sole discretion, depending upon the situation prevailing in the capital market from time to time. Changes done by the Lender in the Margin requirements shall come into immediate effect.
Sample 1
Drawing Power means the threshold limit(s) assessed by the Lender, in its sole discretion from time to time, which shall be within the overall sanctioned limit and shall determine the amount of drawdown that can be requested by the Borrower at any given time under the Facility;
Sample 1
Drawing Power means the lesser of (i) Overall Facility Limit, and (ii) value of Primary Security provided, for the Facility less Margin as may be stipulated by the Bank from time to time.
Sample 1
Drawing Power in connection with the relevant Facility shall mean the ability of the Borrower to make drawals from time to time under such Facility up to the amount of the respective Limit but not exceeding the value of the current assets (as may be determined by the Bank, from time to time), if any, provided as Security to the Bank for such Facility less the corresponding Margin or such other amount as may be ascertained by the Bank from time to time at its sole discretion.
Sample 1
Drawing Power means the aggregate value arrived at by reducing the market value of each Security after applying the Security Margin in respect of such Security.
Sample 1

Related to Drawing Power

  • Special Drawing Rights and the symbol “SDR” mean special drawing rights as valued by the International Monetary Fund in accordance with its Articles of Agreement”;

  • Drawing Date shall have the meaning set forth in Section 2.12(b) hereof.

  • Interest Drawing has the meaning assigned to such term in Section 3.6(a).

  • Drawing means the drawing or drawings specified in or annexed to the Specifications;

  • Record drawing or “as-builts” means a set of reproducible drawings which show significant changes in the work made during construction and which are usually based on drawings marked up in the field and other data furnished by the contractor.

  • Single Tranche means the amount of the Financing allocated to the category entitled “Single Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

  • Drawing Fee means, with respect to each Draft drawn by TCCI and purchased by any Person on any Drawing Date and subject to the provisions of Section 2.15, an amount equal to the product of (i) the Applicable Rate times the aggregate Face Amount of the Draft, multiplied by (ii) a fraction the numerator of which is the number of days in the term to maturity of such Draft and the denominator of which is 365 or 366, as applicable.

  • Partial Credit Payment means any payment, distribution or benefit that is not a Full Credit Payment. In no event shall Executive have any discretion with respect to the ordering of payment reductions.

  • Full Credit Payment means a payment, distribution or benefit, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise, that if reduced in value by one dollar reduces the amount of the parachute payment (as defined in Section 280G of the Code) by one dollar, determined as if such payment, distribution or benefit had been paid or distributed on the date of the event triggering the excise tax. “Partial Credit Payment” means any payment, distribution or benefit that is not a Full Credit Payment.

  • Borrowing Tranche means specified portions of Loans outstanding as follows: (i) any Loans to which a LIBOR Rate Option applies which become subject to the same Interest Rate Option under the same Loan Request by the Borrower and which have the same Interest Period shall constitute one Borrowing Tranche, and (ii) all Loans to which a Base Rate Option applies shall constitute one Borrowing Tranche.

  • Borrowing Multiple means (a) in the case of a Borrowing denominated in US Dollars, US$1,000,000 and (b) in the case of a Borrowing denominated in any Alternative Currency, 1,000,000 units of such currency.

  • Single Withdrawal Tranche means the amount of the Financing allocated to the category entitled “Single Withdrawal Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

  • Maximum Drawing Amount means at the time in question the sum of the maximum amounts which LC Issuer might then or thereafter be called upon to advance under all Letters of Credit which are then outstanding.

  • Subordinate Certificate Writedown Amount As to any Distribution Date, the amount by which (i) the sum of the Class Principal Amounts of all the Certificates (after giving effect to the distribution of principal and the application of Realized Losses in reduction of the Certificate Principal Amounts of the Certificates on such Distribution Date) exceeds (ii) the aggregate Scheduled Principal Balance of the Mortgage Loans for such Distribution Date.

  • Committed Borrowing means a borrowing consisting of simultaneous Committed Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01.

  • Available Funds Cap Any of the Class A-1 Available Funds Cap, the Class A-2 Available Funds Cap or the Weighted Average Available Funds Cap.

  • Fixed Rate Borrowing means a Borrowing comprised of Fixed Rate Loans.

  • Preliminary Tranche Write-up Amount means, for a Payment Date, an amount equal to the Tranche Write-up Amount computed using the Preliminary Principal Loss Amount instead of the Principal Loss Amount.

  • Incremental Term Borrowing means a Borrowing comprised of Incremental Term Loans.

  • Borrowing Minimum means (a) in the case of Eurocurrency Loans, $1,000,000, (b) in the case of ABR Loans, $1,000,000 and (c) in the case of Swingline Loans, $500,000.

  • Unsubsidized Xxxxxxxx Loan means a Loan made pursuant to Section 428H of the Higher Education Act.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Undercollateralized Amount With respect any Certificate Group and Distribution Date, the excess of (i) the aggregate Certificate Principal Balance of such Certificate Group over (ii) the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group, in each case calculated on such Distribution Date after giving effect to distributions to be made thereon (other than amounts to be distributed pursuant to Section 4.02(i) on such Distribution Date).

  • Letter of Credit Payment means any amount paid or required to be paid by the Issuing Lender in its capacity hereunder as issuer of a Letter of Credit as a result of a draft or other demand for payment under any Letter of Credit.

  • Final Drawing has the meaning specified in Section 3.05(i).

  • Application Unit means such number of Units or whole multiples thereof as specified in this Prospectus or such other whole multiple of Units determined by the Manager, approved by the Trustee and notified to the Participating Dealers.