Test Draw definition

Test Draw means an Advance made for the purpose of testing communication and draw procedures.
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Test Draw means a nominal Advance made for the purpose of testing communication and draw procedures.
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Test Draw means a nominal Advance made for the purpose of testing communication and draw procedures with Administrative Agent.
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Examples of Test Draw in a sentence

  • Except in the case of a Test Draw, each Advance shall be in the minimum amount of $10,000,000 (and in integral multiples of $250,000 if in excess thereof), provided, however, that any Advance may be in the aggregate amount of the Excess Availability, as applicable to such Advance.

  • Except in the case of a Test Draw, each Advance shall be in the minimum amount of $5,000,000 (and in integral multiples of $100,000 if in excess thereof), provided, however, that any Advance may be in the aggregate amount of the Excess Availability, as applicable to such Advance.

  • Except in the case of a Test Draw, each Advance shall be in the minimum amount of $10,000,000 (and in integral multiples of $250,000 if in excess thereof), provided, however, that any Advance may be in the aggregate amount of the Excess Availability.

  • Each Advance and accrued and unpaid interest thereon shall be due and payable 30 days after such Advance is made, except in the case of a Test Draw which shall be repaid pursuant to the provisions of Section 7.2 hereof.

  • Except in the case of a Test Draw, the Company will only use the proceeds of the Advances to provide temporary liquidity in circumstances where CME is entitled to use the Security Deposits and Performance Bonds of its Clearing Members to satisfy any outstanding obligations of any defaulting Clearing Members to CME as provided in the CME Rules and in circumstances where a Money Gridlock Situation that affects the Company’s operations exists.

  • Additionally, except in the case of a Test Draw, the Company may only use the proceeds of the Advances designated in the applicable Advance Request (A) as “GFX Loans” (“GFX Loans”) to fulfill its obligations under GFX Guaranties, provided, however, that the Company may use the proceeds for GFX Loans only up to the amount of net working capital of the Company on any given day or (B) as “CMECE Loans” (“CMECE Loans”) for the purpose of funding advances to CMECE.

  • Each Advance under an Applicable Tranche and accrued and unpaid interest thereon shall be due and payable to the Administrative Agent for the account of each Applicable Bank making such Advance thirty-five (35) days after such Advance is made or, if earlier, the Revolving Credit Termination Date (any such date, a “Loan Maturity Date”), except in the case of a Test Draw which shall be repaid pursuant to the provisions of Section 7.2 hereof and except as provided in Section 2.4.


More Definitions of Test Draw

Test Draw as defined in Section 3.15(a).
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Test Draw means a nominal Advance made for the purpose of testing communication and draw procedures with any
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Test Draw means a nominal Advance made for the purpose of testing communication and draw procedures. “UCC” means the Uniform Commercial Code as in effect from time to time in the state of Illinois.
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Test Draw means an Advance made for the purpose of testing communication and draw procedures. T▇▇▇▇ ▇▇▇▇ means, in relation to any Loan in Yen, a rate per annum equal to the Tokyo Interbank Offer Rate, as published on the applicable Reuters screen page (or if not available, such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) on the Rate Determination Date with a term equivalent to one month and, if any such applicable rate is below zero, the TIBOR Rate for such day will be deemed to be zero. T▇▇▇▇ Rate Loan means a Loan that bears interest at a rate based on the T▇▇▇▇ ▇▇▇▇. All T▇▇▇▇ Rate Loans shall be denominated in Yen. TIIE Rate means, in relation to any Loan in Mexican Pesos, the rate per annum equal to Overnight TIIE. TIIE Rate Loan means a Loan that bears interest at a rate based on Overnight TIIE. All TIIE Rate Loans shall be denominated in Mexican Pesos. Tranche A means the credit facility provided pursuant to Section 2.1 to or for the benefit of the Company by the Banks with a Tranche A Commitment, which such facility shall consist of Loans (and participations in Swingline Loans) in the currencies referenced under the heading Tranche A on Schedule 1.1 and shall be in the maximum aggregate amount of the Tranche A Commitments of such Banks, as adjusted from time to time pursuant to the terms hereof. Tranche A Commitment means, with respect to any Bank, the commitment of such Bank to principal amount at any one time outstanding not to exceed the amount set forth opposite such Bank s name
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