LIL Drawdown Date definition

LIL Drawdown Date means any day on which a LIL Drawdown is made, provided, however, that (i) in the case of each LIL Drawdown made pursuant to a Funding Request or Final Funding Request, as the case may be, delivered other than in May or November, the LIL Drawdown Date shall occur on the first (1st) Business Day of the month that immediately follows the month during which delivery of such Funding Request or Final Funding Request, as the case may be, occurred and (ii) in the case of each LIL Drawdown made pursuant to a Funding Request or Final Funding Request, as the case may be, delivered in May or November, the LIL Drawdown Date shall occur on the second to last Business Day of the month during which delivery of such Funding Request or Final Funding Request, as the case may be, occurred;
Sample 1

Related to LIL Drawdown Date

  • Drawdown Date means, in relation to each Advance, any date being a Banking Day falling during the relevant Drawdown Period, on which the relevant Advance is, or is to be, made available;

  • Drawdown means the drawdown of a Tranche under the Loan Facility;

  • Utilisation Date means the date of a Utilisation, being the date on which the relevant Loan is to be made.

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Drawdown Period means, in relation to an Advance, the period commencing on the date of this Agreement and ending on the relevant Termination Date or the period ending on such earlier date (if any) on which (a) the aggregate amount of all Advances is equal to the Commitment or (b) the Commitment is reduced to zero pursuant to clauses 4.3, 10.2 or 12 or (c) Delivery of the Ship relevant to such Advance occurs;

  • Loan Date means the date of the Loan Agreement as set forth in Exhibit A.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Step-Down Date The earliest of the Distribution Date in [MONTH/YEAR] or any succeeding Distribution Date on which the following conditions are satisfied as of the last day of the month preceding such Distribution Date:

  • Borrowing Date any Business Day specified by the Borrower as a date on which the Borrower requests the relevant Lenders to make Loans hereunder.

  • Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

  • Tranche C Loan has the meaning specified in Section 2.01(c).

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

  • Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that, such Loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.

  • Funding Date is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business Day.

  • Drawdown Request means a notice substantially in the form set out in Schedule 3 (Drawdown Request).

  • Drawing Date shall have the meaning set forth in Section 2.12(b) hereof.

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

  • Term Loan Availability Period means the period starting on the Effective Date and ending on the End Date.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Credit Event Amount means, with respect to any Payment Date, the aggregate amount of the Credit Event UPBs of all Credit Event Reference Obligations for the related Reporting Period.

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Loan Year means each period of twelve (12) consecutive months commencing on the Closing Date and on each anniversary thereof.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Loan Repayment Date means the date a Loan is scheduled to be repaid, as confirmed pursuant to Clause 5.3(c) of this Agreement, which shall in no event be later than the earlier of (i) the date falling six (6) Months from the relevant Utilisation Date and (ii) the Facility Repayment Date.

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

  • Subsequent Interest Period has the meaning specified in Section 3.7.