Facility Drawing definition

Facility Drawing has the meaning given to such term in Section 3.14(a).
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Examples of Facility Drawing in a sentence

  • Without prejudice to the Borrower’s obligations to repay, the Borrower and the Lender are to negotiate in good faith with a view to agreeing terms for making the relevant Facility, Drawing or Loan available from another source.

  • On the date of any Facility Drawing the proceeds of such drawing shall be deposited into the Initial Liquidity Payment Account and withdrawn on the applicable Payment Date for distribution, in each case in accordance with Section 3.14(b).

  • The amount of each Liquidity Facility Drawing under the Liquidity Facility and any amounts withdrawn from the Liquidity Facility Reserve Account following a Non-Extension Drawing or a Final Drawing shall be due and payable, together with interest thereon, on the dates and at the rates, respectively, provided in the Liquidity Facility but only to the extent that Available Collections are sufficient to pay such amounts in the order of priority set forth in Section 3.08 hereof.

  • The amount of each Credit Facility Drawing under the Initial Credit Facility and any amounts withdrawn from the Credit Facility Reserve Account following a Downgrade Drawing, Non-Extension Drawing or a Final Drawing shall be due and payable, together with interest thereon, on the dates and at the rates, respectively, provided in the Initial Credit Facility but only to the extent that Available Collections are sufficient to pay such amounts in the order of priority set forth in Section 3.08 hereof.

  • The amount of each Facility Drawing under the Initial Liquidity Facility and any amounts withdrawn from the Liquidity Facility Reserve Account following a Downgrade Drawing, a Non-Extension Drawing or a Final Drawing shall be due and payable, together with interest thereon, on the dates and at the rates, respectively, provided in the Initial Liquidity Facility but only to the extent that Available Collections are sufficient to pay such amounts in the order of priority set forth in Section 3.09.

  • Each Interest Period shall, subject to the following provisions of this Clause 4, be of a duration selected by the Borrower as above PROVIDED THAT the final Interest Period in respect of a Revolving Credit Facility Drawing shall end on the Maturity Date of that Revolving Credit Facility Drawing.

  • Interest Periods shall commence, in the case of the first in respect of a Revolving Credit Facility Drawing, on the relevant Advance Date and, in the case of Interest Periods other than the first, on the expiry of the preceding Interest Period.

  • However, a Term of a Revolving Credit Facility Drawing may be extended to the end of the succeeding Interest Period in respect of that Drawing by the giving of a Renewal Notice by the Borrower to the Agent not later than 9.00 a.m. London time four (4) Business Days prior to the commencement of the relevant Interest Period.

  • No voluntary prepayment of a Drawing may be effected under this Clause 3 unless the Borrower shall have given the Agent at least four (4) Business Days’ notice (such notice to be received not later than 9.00 a.m. London time on that day), in the case of a Revolving Credit Facility Drawing, and at least one (1) Business Days’ notice (such notice to be received not later than 9.00 a.m. New York time on that day), in the case of a Swingline Facility Drawing, of its intention to make such prepayment.

  • Any such payment made shall be deemed to be a Contribution of that Lender to a Revolving Credit Facility Drawing.

Related to Facility Drawing

  • Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

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

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

  • Letter of Credit Advance means an advance made by any Issuing Bank or any Lender pursuant to Section 2.03(c).

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.