Draw Period definition

Draw Period is the period of time from the Effective Date through the earlier to occur of (a) June 30, 2012, or (b) an Event of Default.

Draw Period means, for each Credit Facility, the period commencing on the Commitment Commencement Date and ending on the Commitment Termination Date.

Draw Period. With respect to each Mortgage Loan, the period consisting of either the first five, ten or fifteen years after the date of origination of such Mortgage Loan, during which the related Mortgagor is permitted to make Draws.

Examples of Draw Period in a sentence

• Entries received after the end of the Prize Draw Period will not be valid.

• During the repayment period, the minimum payment will equal 11240th of the outstanding principal balance of your Credit Line Account as of the last day of the Draw Period plus all accrued FINANCE CHARGES and other charges imposed during the billing cycle together with any amount past due or $25.00, whichever is greater.

• During the repayment period, the minimum payment will equal 1/240th of the outstanding principal balance of your Credit Line Account as of the last day of the Draw Period plus all accrued FINANCE CHARGES and other charges imposed during the billing cycle together with any amount past due or $25.00, whichever is greater.

• Xxxxxx xxx, from time to time, make advances of principal to Borrower (“Advances”) upon Xxxxxxxx’s request during the Draw Period.

• Advances, including Advances for Special Promotions (as defined herein), will only be available if the Draw Period extends beyond the availability of the Special Promotion.

More Definitions of Draw Period

Draw Period means the period of time commencing upon the Closing Date and continuing through the earliest to occur of (a) the Draw Period Termination Date, (b) an Event of Default, and (c) the existence of any Default.

Draw Period. With respect to any Mortgage Loan, the period of time specified in the related Credit Line Agreement whereby a Mortgagor may make a Draw under the related Credit Line Agreement, not to exceed five, ten or fifteen years (as applicable) unless extended pursuant to such Credit Line Agreement and the Transfer and Servicing Agreement, such extension to be limited by the provisions of the related Transfer Agreement.

Draw Period. With respect to each HELOC, the period consisting of either the first five, ten or fifteen years after the date of origination of such HELOC, during which the related Mortgagor is permitted to make Draws.

Draw Period. With respect to any Mortgage Loan, the period during which the related Mortgagor is permitted to make Draws.

Draw Period is the period of time commencing on the Effective Date through the earlier to occur of (a) June 30, 2018, and (b) an Event of Default.

Draw Period means the period commencing on the Closing Date and ending on the Draw Termination Date.

Draw Period. With respect to any HELOC Mortgage Loan, the period of time specified in the related Credit Line Agreement whereby a Mortgagor may make a Draw under the related Credit Line Agreement, not to exceed five or fifteen years (as applicable) unless extended pursuant to such Credit Line Agreement and the Sale and Servicing Agreement, such extension to be limited by the provisions set forth in Section 2.04 of the Sale and Servicing Agreement.