First Draw definition

First Draw has the meaning set forth in Section 4.1A.
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First Draw the initial draw under this facility all or part of which will be used to finance the Special Payment.
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First Draw means a one-liter sample of tap water, collected from a cold- water source. Water for each sample shall have stood motionless in the plumbing system for at least six (6) hours and shall be collected without flushing the tap.
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Examples of First Draw in a sentence

  • The Applicant received a First Draw Paycheck Protection Program Loan and, before the Second Draw Paycheck Protection Program Loan is disbursed, will have used the full loan amount (including any increase) of the First Draw Paycheck Protection Program Loan only for eligible expenses.

  • If you received an authorized increase on your First Draw PPP Loan after December 27, 2020, you must enter the date on which you received the original disbursement of your PPP loan proceeds.

  • FTE and Salary/Wage Reductions: Borrowers that received a PPP loan of more than $50,000 and Borrowers of $50,000 or less that together with their affiliates received First Draw PPP Loans totaling $2 million or more or Second Draw PPP Loans totaling $2 million or more must adjust their “Requested Loan Forgiveness Amount” due to statutory requirements concerning reductions in either full-time equivalent employees or employee salary and wages.

  • You cannot use one form to apply for forgiveness of both a First Draw PPP Loan and a Second Draw PPP loan.

  • First Draw PPP Loan or Second Draw PPP Loan: Select the box that describes the PPP loan that this forgiveness application is for.

  • If you only have one PPP loan, select First Draw PPP Loan.SBA PPP Loan Number: Enter the loan number assigned by SBA at the time of loan approval.

  • Agricultural producers, farmers, and ranchers are eligible for First Draw PPP loans if: (i) the business has 500 or fewer employees, or (ii) the business fits within the applicable revenue-based sized standard under 13 C.F.R. 121.201.

  • This FAQ applies only to First Draw PPP Loans made before December 27, 2020.

  • Company Y and Company Z each own a single restaurant with 500 or fewer employees.• Company Y and Company Z can each apply for a separate First Draw PPP Loan, because each has 500 or fewer employees.

  • Additionally, agricultural producers, farmers, and ranchers can qualify for First Draw PPP Loans as a small business concern if their business meets SBA’s “alternative size standard.” The “alternative size standard” is currently: (1) maximum net worth of the business is not more than $15 million, and (2) the average net income after Federal income taxes (excluding any carry-over losses) of the business for the two full fiscal years before the date of the application is not more than $5 million.


More Definitions of First Draw

First Draw the initial draw under this facility all or part of which will be used to effect the amendment and restatement of the Existing Credit Agreement.
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First Draw means the Borrowings of up to $160,000 (less any amounts previously advanced to the Borrower by the Lender) made on the Closing Date.
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First Draw the initial draw under this facility all or part of which will be used to effect the amendment and restatement of the Existing Credit Agreement. AmericasActive:15540830.1218080089.6
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Related to First Draw

  • First draw sample means a one−liter sample of tap water that has been standing in plumbing pipes at least 6 hours and is collected without flushing the tap.

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

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

  • Non-Extension Drawing has the meaning specified in Section 3.5(d).

  • Second Draw Period is the period commencing on the date of the occurrence of the Term B Draw Event and ending on the earlier of (i) December 31, 2015 and (ii) the occurrence of an Event of Default; provided, however, that the Second Draw Period shall not commence if on the date of the occurrence of the Term B Draw Event an Event of Default has occurred and is continuing.

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Non-Extension Advance means an Advance made pursuant to Section 2.02(b).

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • Tranche B has the meaning assigned in Section 2.1(c)(i).

  • Delayed Draw Commitment means, as to each Lender, its obligation to make Delayed Draw Loans to the Borrower pursuant to Section 2.01(b) in an aggregate principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 1.01(b) under the caption “Delayed Draw Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The aggregate Delayed Draw Commitments of all of the Lenders on the Closing Date shall be $150,000,000.

  • Tranche 1 January 1, 2015 through December 31, 2015, which is allotted 25% of the Target Award,

  • Term Advance has the meaning specified in Section 2.01(a).

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

  • Downgrade Drawing has the meaning assigned to such term in Section 3.6(c).

  • First Extended Maturity Date has the meaning specified in Section 2.15(a).

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • First Tranche means the amount of the Financing allocated to the category entitled “First Tranche” in the table set forth in Part B of Schedule 1 to this Agreement.

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Second Incremental Auction means an Incremental Auction conducted ten months before the Delivery Year to which it relates.

  • Tranche A has the meaning assigned in Section 2.1(c)(i).