Drawn Down definition

Drawn Down means that funds have been committed and then drawn down using the Disaster Recovery Grant Reporting (DRGR) system for expenses incurred for the project or activity. Note that drawdown amounts are a proxy for reported expenditures, but are not actual expenditure amounts. Expenditures are charges made to the project or program. They may be reported on a cash or accrual basis.
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Examples of Drawn Down in a sentence

  • Each Draw Down automatically shall expire immediately following the completion of the delivery of Additional Shares in respect of such Draw Down in accordance with Section 3.2(b) hereof or, if no Additional Shares are required to be delivered in respect of such Drawn Down, immediately following the completion of the calculation of the True-Up Purchase Price and the Purchase Price on the True-Up Date.

  • To the extent that the Insurer accepts a Claim that has occurred during the Availability Period, the deductible will be based on the actual amount Drawn Down during such period.

  • As of each Drawn Down Exercise Date and each Settlement Date, the Company shall be financially solvent and generally able to pay its debts as they become due.

  • In addition, on or prior to the Drawn Down Date, each of the Company and Investor shall deliver to the other all documents, instruments and writings required to be delivered by either of them pursuant to this Agreement or as they may otherwise agree in order to implement and effect the transactions contemplated herein.

  • If Buyer Draws Down Be-Metal pursuant to Sections 3.4 and 3.5, Seller shall issue an invoice based on the Contract Price (Be-Metal) and one hundred percent of the weight of the Be-Metal Drawn Down in accordance with Articles III and IV.

  • Seller shall defend and indemnify Buyer, and hold it harmless, from and against any and all claims, suits, actions, proceedings, debts, accounts, damages, costs, liabilities, penalties, fines, losses, and expenses, including reasonable attorney's fees and disbursements, arising from or in connection with any Liens on any Beryllium Products Drawn Down by Buyer hereunder.

  • If Buyer Draws Down CuBe Master Alloy pursuant to Sections 3.4, 3.5 and 3.6, Seller shall issue an invoice based on the Contract Price (CuBe Master Alloy) and one hundred percent of the weight of the CuBe Master Alloy Drawn Down in accordance with Articles III and IV.

  • The Contractor shall also provide to the Customer upon request any other reasonable evidence to which the Contractor should reasonably have access, that demonstrates the Drawn Down has been used in accordance with the requirements and objectives of this Contract.

  • Subject to Section 5.4, payment by Buyer to Seller in an amount equal to one hundred percent of any invoice issued by Seller for Beryllium Products Drawn Down by Buyer shall constitute full satisfaction of such invoice.