Open Draw definition
Open Draw means each advance and the aggregate of all advances under the Draw Loan Commitment (i) which in the aggregate total amount do not exceed $15,000,000.00 and (ii) for which a Subsidiary Note is not required.
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Related to Open Draw
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.
Non-Extension Drawing has the meaning specified in Section 3.5(d).
Final Drawing has the meaning specified in Section 3.05(i).
Drawdown means any principal amount borrowed or to be borrowed (by any means) under the provisions hereof.
Downgrade Drawing has the meaning assigned to such term in Section 3.6(c).