First Drawdown definition

First Drawdown means the making of the first Utilisation.

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First Drawdown means the act of Borrower drawing down any of the Tranches Facility Amount pursuant to the Agreement for the first time; “First Drawdown Date” shall mean the day on which the Borrower first draws down any of the Tranches Facility Amount (which must be a banking Business Day), or the day deemed as the First Drawdown Date pursuant to the Agreement.

First Drawdown means drawdown of Tranche 1 of this Loan Facility;

Examples of First Drawdown in a sentence

Pre-Delivery Interest Periods shall commence, in the case of the first in respect of the first part of Portion 1 and Portion 2 to be drawn down, on the First Drawdown Date, in the case of the first in respect of the first part of Portion 3 to be drawn down on the first Pre-Delivery Interest Payment Date and, in the case of Pre-Delivery Interest Periods other than the first in respect of any Portion or part thereof, on the expiry of the preceding Pre-Delivery Interest Period.
Each of the Borrowers represents and warrants to each of the Finance Parties at the Execution Date and (by reference to the facts and circumstances then pertaining) at the date of each Drawdown Notice, at each Drawdown Date and at each Interest Payment Date as follows (except that the representation and warranty contained at Clause 11.6 shall only be made on the First Drawdown Date and that the representations and warranties contained at Clause 11.2 and 11.21 shall only be made on the Execution Date).
Pre-Redelivery Interest Periods shall commence, in the case of the first in respect of the first part of Portion 1 and Portion 2 to be drawn down, on the First Drawdown Date, in the case of the first in respect of the first part of Portion 3 to be drawn down on the first Pre-Redelivery Interest Payment Date and, in the case of Pre-Redelivery Interest Periods other than the first in respect of any Portion or part thereof, on the expiry of the preceding Pre-Redelivery Interest Period.
From the day after 6 months from the First Drawdown Date to the expiration of the Loan Period, each 3 months shall be regarded as 1 period.
The initial projected Annual Debt Service Cover Ratios are set out in the Base Case delivered pursuant to paragraph 9 of Schedule 2 (Conditions for the First Drawdown).

More Definitions of First Drawdown

First Drawdown a drawdown in the principal amount of HK$8,000,000 on 26 July 2018 pursuant to the Existing Facility Agreement 1, as approved by the Co-lenders

First Drawdown means the first Drawdown of Tranche A made by the Borrower in accordance with the provisions of this Agreement, provided that it has complied with the requirements for the First Drawdown of Tranche A in accordance with Clause Nine, for the amount of up to 20% (twenty percent) of the amount of Tranche A (without considering the Additional Credit), which must be made no later than 6 (six) months from the date of signing this Agreement.

First Drawdown means the Loan(s) made on the First Drawdown Date pursuant to the Agreement.

First Drawdown. Date of Drawdown: Currency: ------------------------- Amount: ------------------------- Drawdown Type: ------------------------- Libor Interest Period (in months): [IF APPLICABLE] Bankers' Acceptance Term (in days): [IF APPLICABLE] Bankers' Acceptance Maturity Date: [IF APPLICABLE] Conversion: ---------- Pursuant to subsection 2.11 ([DESIGNATE SUBSECTION]) to convert on [INSERT DATE OF CONVERSION] the amount of $ [SPECIFY CURRENCY] [SPECIFY AMOUNT] of a [SPECIFY TYPE] Drawdown into: ------------------------- Drawdown Type: ------------------------- Libor Interest Period (in months): [IF APPLICABLE] Bankers' Acceptance Term (in days): [IF APPLICABLE] Bankers' Acceptance Maturity Date: [IF APPLICABLE] 89 -2- Rollover: -------- Pursuant to Section 2.12, to rollover on [INSERT DATE OF ROLLOVER] the [LIBOR DRAWDOWN/BANKERS' ACCEPTANCE] as follows: Amount ------------------------- Currency (if Bankers' Acceptance): ------------------------- Libor Interest Period (in months): [IF APPLICABLE] Bankers' Acceptance Term (in days): [IF APPLICABLE] Bankers' Acceptance Maturity Date: [IF APPLICABLE] into a [LIBOR DRAWDOWN/BANKERS' ACCEPTANCE] as follows: Amount: ------------------------- Currency (if Bankers' Acceptance): ------------------------- Libor Interest Period (in months): [IF APPLICABLE] Bankers' Acceptance Term (in days): [IF APPLICABLE] Bankers' Acceptance Maturity Date: [IF APPLICABLE] [ADDITIONAL DRAWDOWNS IN SAME FORM AS REQUIRED] The undersigned hereby certifies, on behalf of the Borrower, that:

First Drawdown is defined in Article II, Section C.

First Drawdown. Date" in respect of each Investor, means the date specified in the first Drawdown Notice to be to such Investor pursuant to clauses 4.3 or 4.5.2, as the case may be;

First Drawdown means the first Drawdown to be made in terms of this Loan Agreement, in accordance with the provisions of Clause Three of this Loan Agreement.