Final Draw Date definition
Examples of Final Draw Date in a sentence
Subject to the conditions set forth in Section 9 below, the Borrower may request an Advance from time to time during the period from the date hereof until the Final Draw Date, the form of which request is attached hereto and incorporated herein as Exhibit A, provided, however, that under no circumstances shall the cumulative outstanding amount of all Advances of the Loan made hereunder exceed the Maximum Advance Amount.
In no event shall any disbursement be made after the Final Draw Date.
The earlier of (i) the Refinancing Draw Date and (ii) the Incremental Draw Date is referred to herein as the “First Draw Date”, and the March 2017 Term Loans borrowed on the First Draw Date, the “First Drawn Loans”; the later of (i) the Refinancing Draw Date and (ii) the Incremental Draw Date is referred to herein as the “Final Draw Date”, and the March 2017 Term Loans borrowed on the Final Draw Date, the “Final Drawn Loans”.
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On or prior to the Final Draw Date and upon request by Borrower and compliance by Borrower with the terms and conditions of this Section 2.1.(1)(b), Borrower shall have the right to request one or more additional advances of the Loans to Borrower in the aggregate principal amount equal to $875,000,000.00 (the “Maximum Future Advance Amount”).
If, on or before the Final Purchase Notice Date, the Company has not issued and the Buyers have not purchased an aggregate of $50,000,000 of Preferred Stock, then on the Final Draw Date of this Agreement, provided that the conditions set forth in Sections 5 and 6 below are satisfied, the Buyers shall purchase and the Company shall issue the amount of Preferred Stock that, together with all previous issuances and purchases, would equal $50,000,000.
In no event shall the total amount advanced under the Loans including, without limitation, the Initial Advance and the Maximum Future Advance Amount exceed $1,750,000,000.00 in the aggregate and in no event shall Lenders be obligated to advance the unadvanced portion of Maximum Future Advance Amount after the Final Draw Date.
On or prior to the Final Draw Date and upon request by Borrower and compliance by Borrower and Property Guarantors with the terms and conditions of this Section 2.1(1)(b), Borrower shall have the right to request no more than two Future Advances in the aggregate principal amount not to exceed the Maximum Future Advance Amount.