First Drawdown Date definition

First Drawdown Date means the date on which Tranche 1 and, if applicable, Tranche A is drawn down and applied in accordance with Clause 2.2.1 and Clause 2.2.2;

First Drawdown Date means the date on which the first Drawing is advanced under Clause 4.

First Drawdown Date means the date of First Drawdown.

Examples of First Drawdown Date 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.

• 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.

• 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).

• LR2 shall repay the loan in full after 24 months from the First Drawdown Date (the “Maturity Date”) by way of paying to Tembusu such amount representing an internal rate of return of 15% per annum on the Loan (less all interest which have been paid prior to the Maturity Date).

• The first priority mortgage with the maximum secured amount over the abovementioned Collateral shall be created in favor of the Collateral Agent based on the appraised value within ten (10) Bank Business Days from the First Drawdown Date (or within the period agreed on by the Collateral Agent).

More Definitions of First Drawdown Date

First Drawdown Date means, in relation to each Limited Partner, the date upon which the first Capital Contribution is drawn down from such Limited Partner.

First Drawdown Date means 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 Date means the date upon which the Borrower makes the first drawdown of the Loan under this Agreement;

First Drawdown Date means the Banking Day on which the first Advances are, or are to be, drawn down;

First Drawdown Date means the date when all conditions precedent have been met in full or waived and funds are available to be drawn under the Senior Term Loan.

First Drawdown Date means the first date on which an Advance is made under this Agreement.

First Drawdown Date means the date on which the first of the Advances were made hereunder;