Initial Drawing definition

Initial Drawing means a computer processed drawing held for initial offering of resident and nonresident licenses and permits.
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Initial Drawing is defined in Section 3.2(b)(i)(A).
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Initial Drawing means the first Drawing of the Limited Recourse Loan made available by the Loan Provider to the Issuer under the Limited Recourse Loan Agreement for the payment of the Purchase Price of the Initial Portfolio.
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Examples of Initial Drawing in a sentence

  • Subject to the terms and conditions set forth herein and in Incremental Amendment, each Incremental Term A-2 Lender severally agrees to make Incremental Term A-2 Loans to the Borrower in Dollars on the Initial Drawing Date and the Second Drawing Date, as the case may be, in an aggregate amount not to exceed such Incremental Term A-2 Lender’s Incremental Term A-2 Commitment on the Bridge 2 Loan Closing Date.

  • The amount of a Subsequent Drawing shall be no more than the difference of (i) one hundred forty-seven million Dollars ($147,000,000) minus (ii) the aggregate amount of all prior Drawings, including the Initial Drawing, taking into account the applicable sublimits of the Senior Notes and Subordinated Notes set forth in Schedule A.

  • On the Initial Drawing Date, the Prior Amount and the Prior Interest were deemed thereafter to be a portion of the outstanding principal amount of the Loan hereunder.

  • The DIP Agent and the Required DIP Lenders shall be satisfied with the terms and amounts of any intercompany loans among the Obligors and their subsidiaries and affiliates and the flow of funds in connection with the Loans drawn on the Initial Drawing Date.

  • The Borrower, as of the Initial Drawing Date, owed the Lender $2,811 in accrued interest on the Prior Amount (the "PRIOR INTEREST").

  • The Borrower will pay to the DIP Agent (for the account of each DIP Lender) a non-refundable fee (the “Commitment Fee”) in an amount equal to 1.50% of the Commitment that such DIP Lender holds, which shall be due and payable to such DIP Lender in cash in immediately available funds on the Initial Drawing Date (or, if agreed to by such DIP Lender, shall be netted out of the proceeds of the Loans made on the Initial Drawing Date).

  • The Related Floating Rate Swap Payment is the portion of the floating rate payment or payments due under the Swap in respect of the Initial Drawing Period that is allocable to the princial amount of the Notes corresponding to such drawing or utilization.

  • The Debtor shall have delivered to the DIP Agent an originally executed officer’s certificate certifying that all applicable conditions to the Initial Drawing Date have been satisfied as of such date and such other matters as the DIP Agent may request.

  • As of the Initial Drawing Date, no Default or Event of Default shall have occurred and be continuing or would result from the making of the Loans on the Initial Drawing Date.

  • The Special Yield Protection Amount, in respect of any drawing or utilization of a Liquidity Document, means the excess, if any, of (I) the Initial Drawing Interest Amount over (II) the Related Floating Rate Swap Payment.