Eligible Draw definition

Eligible Draw. With respect to any issue of any PUBLICATION the Draw of such PUBLICATION but in no event more than 120% (140% of the first 3 issues of a new PUBLICATION) of the Eligible Draw of the immediately preceding issue of such PUBLICATION.
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Examples of Eligible Draw in a sentence

  • In the event that the Executive does not make any Eligible Draw Downs, the Executive shall not be entitled to receive a Service Bonus.

  • Each Service Bonus shall be earned by and payable to the Executive on the one-year anniversary of the date that the Executive makes an Eligible Draw Down.

  • Notwithstanding the immediately preceding paragraph, upon the occurrence of a Change of Control, an Eligible Draw Down shall mean any draw down on the Loan by the Executive in order to exercise Incentive Warrants irrespective of the Company’s market capitalization on the date of such draw down.

  • For illustrative purposes, if the Executive makes an Eligible Draw Down in the amount of $100,000 on July 1, 2020, he shall be entitled to receive a Service Bonus of $100,000, less applicable deductions and withholdings, on July 1, 2021.

  • For so long as the Draw Account is less than $5,000,000, and in any month in which a Breakout Deficiency exists, the Intermediary shall (first) transfer an amount equal to 100% of any Available Breakout that may be available from the Company Cash Account to the Working Account, and then (second) transfer the relevant Eligible Draw from the Draw Account to the Working Account (up to the Maximum Monthly Draw ($1,000,000)).

  • In the event that a Breakout Deficiency occurs as provided for in A.2.2.1 above (after the Closing of the Draw Investment), the Intermediary is instructed to draw an amount equal to the Breakout Deficiency (the “Eligible Draw”) from the Draw Account and transfer the Eligible Draw to the Working Account; provided, however, that in no event shall the Eligible Draw exceed ONE MILLION DOLLARS ($1,000,000) per month (the “Maximum Monthly Draw”).

  • Shall mean either (a), in the case of a Breakout Deficiency (or when the Available Breakout is less than the Scheduled Breakout), the sum of the Available Breakout and the Eligible Draw; and (b), in the case of a Breakout Surplus (or when the Available Breakout is more than the Scheduled Breakout), the sum of the Available Breakout and the Breakout Surplus.

  • As a condition to the disbursement of any Loan, the Borrower shall, at least one Business Day prior to the immediately succeeding Eligible Draw Date, deliver to the Noteholder a written notice (the “Borrowing Notice”) in the form of Exhibit A hereto specifying the Borrower’s wire information, the date of the proposed Loan (which shall be an Eligible Draw Date) and the amount of such proposed Loan.

  • No Loans shall be made by the Noteholder if (i) as of the Eligible Draw Date specified in such Borrowing Notice, any Loans made prior to such date are then outstanding or (ii) if after giving effect thereto the aggregate outstanding principal amount of the Loans would exceed the Maximum Amount.

Related to Eligible Draw

  • Eligible advance means an advance made before August 19, 1993.

  • Eligible facility means any hospital, skilled nursing facility, intermediate care facility, or basic care facility licensed by the state department of health, or any assisted living facility licensed by the department of human services; and

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

  • Eligible applicant means a school district, joint

  • Designated Disbursement Account means the account of the Borrower maintained with the Administrative Agent or its Affiliate and designated in writing to the Administrative Agent as the Borrower’s Designated Disbursement Account (or such other account as the Borrower and the Administrative Agent may otherwise agree).