Final Drawing Date definition
Examples of Final Drawing Date in a sentence
The undrawn portion of the Revolving Facility Total Commitments shall be cancelled on the Final Drawing Date.
The undrawn portion of the Total Commitments shall be cancelled on the Final Drawing Date.
The loan shall be made by depositing the proceeds from the sale of the Initial Bonds and the subsequent Drawing of $95,000,000 of Bonds on the Final Drawing Date into the Construction Fund in accordance with Section 6.7 of the Indenture.
For the avoidance of doubt, after the Term-out Election has been exercised, the remainder (if any) of the Total Commitments which have not been drawn as a Term-out Advance will continue to be available for redrawing until the Final Drawing Date on a revolving basis in accordance with the terms of this Agreement.
On the Final Drawing Date, the Available Credit, and consequently the Available Undertakings of the Banks, shall automatically be reduced to zero.