Second Tranche Draw Period definition

Second Tranche Draw Period means the period commencing on the occurrence of the Second Tranche Draw Conditions and ending on the earlier to occur of (i) an Event of Default and (ii) June 30, 2013.
Sample 1
Second Tranche Draw Period is the period of time commencing on date on which the Second Tranche Milestone is satisfied through March 31, 2019.
Sample 1

Examples of Second Tranche Draw Period in a sentence

  • He had received an estimate of £450 for a 90” x 130” concrete pad base but this was not a firm quotation and could differ by 10% either way.

  • During the Second Tranche Draw Period, Borrower may request an additional Term Loan Advance in an amount of up to One Million Dollars ($1,000,000) in one Advance (the “Second Tranche Term Loan”).

  • The Maxwell-Garnett expression in its simplest form ( LA = LB = 13 )j jreduces to: ε MG = ε ε A + 2ε B + 2 fA (ε A − ε B ) .

  • The cancellation charges will be applied in the instances of individuals cancelling attendance at courses and the complete cancellation of courses.

  • During the Second Tranche Draw Period, Borrower may request one an additional Term Loan Advance in an amount of up to One Million Dollars ($1,000,000).

Related to Second Tranche Draw Period

  • Second Draw Period is the period commencing on the date of the occurrence of the Term B Draw Event and ending on the earlier of (i) December 31, 2015 and (ii) the occurrence of an Event of Default; provided, however, that the Second Draw Period shall not commence if on the date of the occurrence of the Term B Draw Event an Event of Default has occurred and is continuing.

  • Second Tranche means the amount of the Financing allocated to the category entitled “Second Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

  • Draw Period is the period of time from the Effective Date through the earlier to occur of (a) March 31, 2012 or (b) an Event of Default.”

  • 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.

  • Tranche B has the meaning assigned in Section 2.1(c)(i).

  • Tranche 2 has the meaning set forth in Section 2.2(a)(ii).

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • Delayed Draw Commitment means, as to each Lender, its obligation to make Delayed Draw Loans to the Borrower pursuant to Section 2.01(b) in an aggregate principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 1.01(b) under the caption “Delayed Draw Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The aggregate Delayed Draw Commitments of all of the Lenders on the Closing Date shall be $150,000,000.

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

  • Tranche A has the meaning assigned in Section 2.1(c)(i).

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Draw Date means, with respect to any Distribution Date, the second Business Day immediately preceding such Distribution Date.

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

  • Term Loan Installment Date means any Term B Loan Installment Date or any Incremental Term Loan Installment Date.

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • Tranche B Facility means the aggregate of the Tranche B Commitments.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • First Tranche means the amount of the Financing allocated to the category entitled “First Tranche” in the table set forth in Part B of Schedule 1 to this Agreement.

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

  • Delayed Draw Funding Date means the date occurring on or after the Effective Date upon which all of the conditions to funding the Delayed Draw Term Loan set forth in Section 6.02 are satisfied and the Delayed Draw Term Loan is funded.

  • Second Extended Maturity Date has the meaning set forth in Section 2.10.

  • 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;