First Drawing definition

First Drawing means the first of the drawings made by the Company under the Term Loan.
View Source
First Drawing has the meaning ascribed to it in Clause 4.1(a);
View Source

Examples of First Drawing in a sentence

  • The first of such instalments shall be paid on the first Repayment Date following two (2) Years from the date of the First Drawing of the Term Loan or such other later date as the Board may determine in its absolute discretion.

  • The Term Loan shall be available for Drawing for a period of two (2) Years from the date of the First Drawing after which date any part of the Term Loan not drawn shall be cancelled.

  • In the event Tenant fails to pay any Base Rent payable under this Lease within thirty (30) days following notice to Tenant that the amount is past due, but Tenant's shareholder equity is determined in the First Drawing Condition stated above to be greater than Twenty-Five MIllion Dollars ($25,000,000.00), then the parties agree that the Security Deposit (including any ILC constituting the Security Deposit) shall continue to be maintained and survive any Default by Tenant under this Lease.

  • In consideration of the provision of the Loans to the Borrower under the Loan Agreement, the Pledge Agreement shall be entered into by the Borrower as pledgor, the Lenders as pledgee, the Lead Bank and the Agent Bank on or before the First Drawing Date, pursuant to which the Borrower agrees to pledge to the Lenders the Pledged Property as security to the obligations of the Borrower under the Loan Agreement.

  • The first of such instalments shall be paid on the first Repayment Date following 1 year from the date of the First Drawing of the Term Loan or such other later date as the Board may determine in its absolute discretion.

  • The first of such installments shall be paid on the first Repayment Date following two (2) Years from the date of the First Drawing of the Term Loan or such other later date as the Board may determine in its absolute discretion.

  • The Term Loan shall be available for Drawing for a period of 18 months from the date of the First Drawing after which date any part of the Term Loan not drawn shall be cancelled.

  • In the event of the First Drawing Condition set forth above occurs, the Landlord shall have the right to draw upon the ILC and retain the proceeds of said ILC or other form of Security Deposit held hereunder as payment for Tenant's violation of the security provision set forth herein.

  • The Term Loan shall be available for Drawing for a period of 1 year from the date of the First Drawing after which date any part of the Term Loan not drawn shall be cancelled.

  • The Term Loan Facility shall be available for Drawing for a period of three (3) years from the date of the First Drawing (the “Availability Period”) after which date any part of the Term Loan Facility not drawn shall be cancelled.

Related to First Drawing

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

  • 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).

  • Drawing means the drawing or drawings specified in or annexed to the Specifications;

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