Loan Drawing definition

Loan Drawing means the Loan advanced by the Banks to the Borrower in accordance with Clause 2.2.
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Loan Drawing means a Senior Loan which is comprised of multiple drawdowns. "Loan ID" means the identifying number under Barclays Bank PLC's data system. "Loan ID Currency" means the currency applicable to a specific Loan ID.
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Examples of Loan Drawing in a sentence

  • As consideration for the assignment of the Further Advance or Flexible Loan Drawing to the LLP, there shall be a deemed Capital Contribution in Kind by the Seller (in its capacity as Member) in an amount equal to the relevant increase of the Outstanding Principal Balance of the Loan, in accordance with clause 8.3 of the LLP Deed.

  • For the avoidance of doubt, the LLP will not be required to advance moneys to the Seller or to a Borrower in order to fund such Further Advance or Flexible Loan Drawing in any circumstances whatsoever.

  • The Borrowers shall pay to the Agent (for the account of the Lenders in proportion to their Commitments) a commitment fee computed at the rate of one per cent 1.00% per annum on the undrawn and uncancelled amount of the Maximum Amount from time to time from the date of this Agreement until the earlier to occur of (i) the Drawdown Date in respect of the final Loan Drawing, (ii) the last Availability Termination Date and (iii) the date on which the Commitments have been cancelled in full.

  • To obtain a Term Loan Drawing, a Borrower must notify the Bank (which notice shall be irrevocable) by email, facsimile or telephone by 1:00 p.m. and not less than three Business Days before the date on which the Term Loan Drawing is due to be made.

  • Loan Drawing (if any), or Further Advance in any circumstances whatsoever.

  • The entries in such register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in such register as the owner of such Loan, Drawing Payments (or other right or obligation) hereunder as the owner thereof for all purposes of this Agreement notwithstanding any notice to the contrary.

  • The Borrowers shall pay to the Agent (for the account of the Junior Lenders in proportion to their Commitments) a commitment fee computed at the rate of nought point one two five per cent (0.125%) per annum on the undrawn and uncancelled amount of the Junior Loan Maximum Amount from time to time from the date of this Agreement until the earlier to occur of the Drawdown Date in respect of the final Junior Loan Drawing and the Junior Loan Availability Termination Date.

  • Each Term Loan Drawing shall be in Sterling and in a minimum amount of £2,000,000.

  • The Banks shall not be under any obligation to advance all or any part of the Loan after the Availability Termination Date and no Revolving Credit Drawing may be made unless the Loan Drawing has been advanced.

  • The entries in such register shall be conclusive, and such Lender shall treat each Person whose name is recorded in such register as the owner of such Loan, Drawing Payments (or other right or obligation) hereunder as the owner thereof for all purposes of this Agreement notwithstanding any notice to the contrary.