Drawn Commitment definition
Drawn Commitment means, for a Financier, the total of the Drawings provided by the Financier to the Borrower under this agreement.
Drawn Commitment means, for a Financier, the principal amount actually made available by that Financier to the Borrower under the Facility.
Drawn Commitment means the aggregate value of outstanding Early Payments;
Examples of Drawn Commitment in a sentence
No Transfer of a Partnership Interest in violation of this clause 9 (Transfers of Partnership Interests) shall be valid or effective, and the Partnership shall not recognise the same, for the purposes of making distributions of Proceeds or repayments of Drawn Commitment or otherwise with respect to interests in the Partnership.
Despite anything in this agreement, a Financier need not provide financial accommodation under this agreement to the extent by which its Drawn Commitment after providing that financial accommodation would exceed its Commitment.
Prepayments under this clause 5 ("Repaying and Prepaying") of a Drawing made available by a Financier will be applied in reduction of that Financier's Drawn Commitment.