Drawstop Notice definition

Drawstop Notice. As defined in Section 2.3.2(a) (Drawstop Notices - Issuance).
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Drawstop Notice as defined in Section 2.4.3(a) of the Common Agreement.
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Drawstop Notice has the meaning given to such term in Section 2.4(b)(i) (Issuance).
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Examples of Drawstop Notice in a sentence

  • Without limiting the generality of Section 9.6, no Credit Party shall have any liability to the Borrower or any Affiliate thereof or to any other Credit Party solely arising from the issuance of or failure to issue any FFB Advance Request Approval Notice, Drawstop Notice, or any other notice contemplated by this Section 2.4.

  • The Loan Servicer shall not have received a Drawstop Notice with respect to such Advance.

  • For any requested Advance for which a FFB Advance Request Approval Notice has been issued pursuant to this Section 2.4.1 and for which no Drawstop Notice has been issued pursuant to Section 2.4.3, in accordance with the terms of the FFB Note Purchase Agreement, FFB has agreed to fund such Advance on the Requested Advance Date in accordance with the DOE Credit Facility Documents.

  • The Borrower shall pay all expenses incurred by DOE, FFB and the Collateral Agent (including all fees and Periodic Expenses of the Independent Consultants) in respect of any Advance that is not made due to the issuance of a Drawstop Notice.

  • The issuance of a Drawstop Notice shall not preclude the Borrower from resubmitting an Advance Notice within the same or subsequent calendar quarter (notwithstanding Section 2.3.1) with respect to all or any portion of the same Advance.

  • For any requested Advance for which an Advance Request Approval Notice has been issued pursuant to this Section 2.4(a) and for which no Drawstop Notice has been issued pursuant to Section 2.4(b), FFB shall fund such Advance on the Requested Advance Date in accordance with the Note Purchase Agreement and the relevant Note.

  • The Borrower shall pay all expenses incurred by DOE, FFB and the Trustee (including all fees and Periodic Expenses of the Independent Consultants) in respect of any Advance that is not made due to the issuance of a Drawstop Notice.

  • Such funds shall be applied as specified in the applicable FFB Advance Request; provided, however, that if any Drawstop Notice has been issued and is in effect on the Requested Advance Date with respect to any funds received by the Administrative Agent in its capacity as the Collateral Agent, such funds shall be applied pursuant to Section 2.4.3(c).

  • On the requested date for the Equity Advance, provided that the Collateral Agent has not received a Drawstop Notice, the Collateral Agent shall cause Equity Contributions to be disbursed (i) from the Base Equity Account and, (ii) if the amount on deposit in the Base Equity Account shall be insufficient, after application of all monies on deposit in the Base Equity Account for such purpose, from the Overrun Equity Account, in the amounts required pursuant to Section 2.1(c).

  • DOE shall make commercially reasonable efforts to provide a copy of each Drawstop Notice and Drawstop Withdrawal Notice to the Borrower upon the issuance thereof, provided that the failure to deliver a copy of any such notice to the Borrower shall have no effect on its validity.


More Definitions of Drawstop Notice

Drawstop Notice means, in connection with any requested Disbursement, a written notice by the Asset Management Division delivered no later than 9:00 a.m. New York time on the third Business Day prior to the relevant Requested Drawdown Date to the Borrower, the Facility Agent, the Lender and (solely with respect to any L/C Issuance or L/C Payment) the L/C Bank, with a copy to the Operations Division, in substantially the form of Annex G, to be issued if Ex-Im Bank has determined that: (i) solely in the case of the initial Disbursement under the Tranche A Guaranteed Credit, any condition set forth in Section 6.01 or 6.03 is not met, or having been met, is no longer met; (ii) solely in the case of the initial Disbursement under the Tranche B Guaranteed Credit, any condition set forth in Section 6.02 or 6.03 is not met, or having been met, is no longer met; or (iii) in the case of any Disbursement other than the initial Disbursement under each of the Tranche A Guaranteed Credit and the Tranche B Guaranteed Credit, any condition set forth in Section 6.03 is not met, or having been met, is no longer met.
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Drawstop Notice has the meaning specified in Clause 5.5 (Drawstop Notices).
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Drawstop Notice. A notice issued by the Loan Servicer pursuant to Section 2.4.2 of the Loan Guarantee Agreement.
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Drawstop Notice shall have the meaning ascribed thereto in Section 3.02(h).
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Drawstop Notice has the meaning set forth in Section 2.01(d).
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Related to Drawstop Notice

  • Subsequent Financing Notice shall have the meaning ascribed to such term in Section 4.12(b).

  • Funding Notice means a notice substantially in the form of Exhibit A-1.

  • Draw Down Notice shall have the meaning assigned to such term in Section 5.1(f) hereof.

  • Repurchase Request Withdrawal As defined in Section 2.03(a) of this Agreement.

  • CAFA Notice means the notice of this Settlement to be served upon State and Federal authorities as required by the Class Action Fairness Act of 2005, 28 U.S.C. § 1715.

  • Minimum Offering Notice means a written notification, signed by Broker, pursuant to which the Broker shall represent (1) that subscriptions for the Minimum Offering have been received, (2) that, to the best of Broker’s knowledge after due inquiry and review of its records, Cash Investment Instruments in full payment for that number of Shares equal to or greater than the Minimum Offering have been received, deposited with and collected by NCPS, (3) and that such subscriptions have not been withdrawn, rejected or otherwise terminated, and (4) that the Subscribers have no statutory or regulatory rights of rescission without cause or all such rights have expired.

  • Request for Purchase shall have the meaning specified in paragraph 2B(3).

  • Request for Issuance means a request made pursuant to Section 2.04 in the form of Exhibit B.

  • Request for Payment means a payment application or declaration of expenditure submitted by the Member State to the Commission;

  • Rollover Notice shall have the meaning ascribed thereto in Section 5.2.

  • Confirmation Notice means a notice provided by the Issuer to an Investor in accordance with clause 1.3(c) of the Terms;

  • Borrowing Notice is defined in Section 2.8.

  • Offering Notice shall have the meaning set out in Section 3.1;

  • Exchange Notice has the meaning set forth in Section 2.1(a)(iii).

  • Notice of Drawdown means a notice substantially in the form set out in Schedule 4 (Notice of Drawdown).

  • Approval Notice means, with respect to any Eligible Loan Asset, the written notice, in substantially the form attached hereto as Exhibit A, evidencing the approval by the Administrative Agent, in its sole discretion, of the conveyance of such Eligible Loan Asset by the Transferor to the Borrower pursuant to the terms of the Purchase and Sale Agreement and the Loan Assignment by which the Transferor effects such conveyance.

  • Notice of Continuation/Conversion has the meaning specified in Section 2.2(b).

  • Cure Notice means a notice of a proposed amount to be paid on account of a Cure Claim in connection with an Executory Contract or Unexpired Lease to be assumed under the Plan pursuant to section 365 of the Bankruptcy Code, which notice shall include: (a) procedures for objecting to proposed assumptions of Executory Contracts and Unexpired Leases; (b) Cure Claims to be paid in connection therewith; and (c) procedures for resolution by the Bankruptcy Court of any related disputes.

  • FOIA Notice means a decision notice, enforcement notice and/or an information notice;

  • Withdrawal Notice shall have the meaning given in Section 2.1.6.

  • Pre-Notice shall have the meaning ascribed to such term in Section 4.13.

  • Take-Down Notice shall have the meaning set forth in Section 4(c) hereof.

  • Request for Advance means a Request for Revolving Credit Advance or a Request for Swing Line Advance, as the context may indicate or otherwise require.

  • Advance Notice means a written notice to the Investor setting forth the Advance amount that the Company requests from the Investor and the Advance Date.

  • Conversion/Continuation Notice is defined in Section 2.9.

  • Denial notice means a board notification denying an application for the issuance or renewal of a license as required by the Act.