Definition of Post-Disbursement Delay

  1. Post-Disbursement Delay means a delay of the delivery of the Purchased Vessel beyond the date contemplated in a Drawing Request which occurs after the Disbursement Date and prior to the Loan Release Date.

Definition of Post-Disbursement Delay in Facility Agreement

Post-Disbursement Delay means a delay of the delivery of the Purchased Vessel beyond the date contemplated in a Drawing Request which occurs after the Disbursement Date and prior to the Loan Release Date.