Drawdown Conditions definition

Drawdown Conditions means the following conditions precedent for any Drawdown of a Letter of Credit under a Revolving Facility:
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Drawdown Conditions means, with respect to each Drawdown, that (i) the Effective Time shall have occurred, (ii) Parent's Unrestricted Cash at the time the Drawdown Notice with respect to such Drawdown is delivered is less than $20,000,000, (iii) Parent's proposed use for the proceeds of such Drawdown, as set forth in such Drawdown Notice, is a Permitted Expenditure, and (iv) Parent shall not be in material breach of any of its material obligations to any WCAS Securityholder pursuant to the Series B Certificate of Designations or the Governance Agreement.
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Drawdown Conditions. Subject to the provisions of this Agreement, the Loan will be advanced in one lump sum, on the Advance Date, by the Lenders to the Borrower at its request if the following additional conditions are fulfilled:
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Examples of Drawdown Conditions in a sentence

  • We confirm that each Condition specified in Condition 3 ( Drawdown Conditions) of the Conditions for Commercial Facilities is satisfied on the date of this Drawdown Request.

  • Mississippi State University, Starkville, MS 02:20 PMHydrilla Tuber Response to Herbicide Treatment under Simulated Drawdown Conditions.

  • DSOD conditions.From the EIR,3.2.3 Emergency Reservoir Drawdown Conditions and Requirements.DSOD requires dams with a storage capacity greater than 5,000 acre-feet to have an outlet capable of drawing down 10 percent of the hydraulic head in 7 to 10 days.

  • In addition, upon entering into the Credit Agreement, the Company must satisfy various conditions precedent prior to the first drawdown (the "First Drawdown Conditions") of the UrtheDaily Senior Secured Facility, including raising an additional US $45,000, of which US $20,000 has already been secured in the form of vendor financing.

  • Conditions Precedent to the First Drawdown Conditions Precedent to Each Drawdown after the First Drawdown Full Powers Power of Attorney (for Drawdown) Form of Irrevocable Notice of Drawdown Form of Legal Opinion Irrevocable Power of Attorney of Xxxxxxxx's Process Agent Letter of Confirmation Form of Notice of Effectiveness of Loan Agreement 10.

  • Borrower will pay all additional amounts required in connection with any such Capital Replacement from Borrower’s own funds.

  • The parties agree that the Capital Sum Drawdown Conditions have not been satisfied by the Acceptance Longstop Date (as such date was defined prior to this Deed of Variation).

  • As described in Note 1(b), the Company entered into a forbearance agreement with the lenders subsequent to September 30, 2018 and is in ongoing discussions with the Senior Lenders to cure the Event of Default and meet the First Drawdown Conditions.

  • Conditions Precedent to the First Drawdown Conditions Precedent to Each Drawdown after the First Drawdown Full Powers Power of Attorney (for Drawdown) Form of Irrevocable Notice of Drawdown Form of Legal Opinion Irrevocable Power of Attorney of Borrower's Process Agent Letter of Confirmation Form of Notice of Effectiveness of Loan Agreement 10.

  • Shear Strength Parameters for the Analysis of Rapid Drawdown Conditions Material Name Drained StrengthIsotropically Consolidated, Undrained Strength 4.3.10 Undrained Strengths for Earthquake Conditions Pseudo-static slope stability analysis is used to evaluate the seismic stability of the dam.


More Definitions of Drawdown Conditions

Drawdown Conditions means the following conditions precedent for any Drawdown of a Letter of Credit under a Revolving Facility: ​ ​
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Related to Drawdown Conditions

  • Funding Conditions With respect to any proposed Funding Date, the following conditions:

  • Drawdown means a drawdown of an Advance;

  • Conditions Precedent shall have the meaning set forth in Clause 4.2.

  • Specific Conditions means the conditions in addition or in variation to the general conditions which the Commission may lay down specifically for a distribution licensee;

  • Equity Conditions means, during the period in question, (a) the Corporation shall have duly honored all conversions scheduled to occur or occurring by virtue of one or more Notices of Conversion of the applicable Holder on or prior to the dates so requested or required, if any, (b) the Corporation shall have paid all liquidated damages and other amounts owing to the applicable Holder in respect of the Preferred Stock, (c)(i) there is an effective registration statement pursuant to which either (A) the Corporation may issue Conversion Shares or (B) the Holders are permitted to utilize the prospectus thereunder to resell all of the shares of Common Stock issuable pursuant to the Transaction Documents (and the Corporation believes, in good faith, that such effectiveness will continue uninterrupted for the foreseeable future) or (ii) all of the Conversion Shares may be issued to the Holder pursuant to Section 3(a)(9) of the Securities Act and immediately resold without restriction, (d) the Common Stock is trading on a Trading Market and all of the shares issuable pursuant to the Transaction Documents are listed or quoted for trading on such Trading Market (and the Corporation believes, in good faith, that trading of the Common Stock on a Trading Market will continue uninterrupted for the foreseeable future), (e) there is a sufficient number of authorized, but unissued and otherwise unreserved, shares of Common Stock for the issuance of all of the shares then issuable pursuant to the Transaction Documents, (f) the issuance of the shares in question to the applicable Holder would not violate the limitations set forth in Section 6(d) herein and (g) the applicable Holder is not in possession of any information provided by the Corporation, any of its Subsidiaries, or any of their officers, directors, employees, agents or Affiliates, that constitutes, or may constitute, material non-public information.

  • Payment Conditions means, at the time of determination with respect to any specified transaction or payment, that:

  • Mortgage Conditions means the mortgage conditions booklet reference MORT 0154 MAY 13 HF;

  • Eligibility Conditions means the eligibility conditions specified in the Act and the Rules including all the eligibility conditions listed in Clause [5] of the Tender Document.

  • Drawdown Notice means a notice in the form set out in Schedule 2 (or in any other form which the Agent approves or reasonably requires);

  • these Conditions means the standard terms and conditions of purchase set out in this document and (unless the context otherwise requires) includes any special terms and conditions agreed in writing between the Buyer and the Seller;

  • Release Conditions mean the following conditions: (i) Company has received the Executive’s executed Release and (ii) any rescission period applicable to the Executive’s executed Release has expired.

  • Drawdown Date means, in relation to an Advance, the date requested by the Borrower for the Advance to be made, or (as the context requires) the date on which the Advance is actually made;

  • Offer Conditions has the meaning set forth in Section 1.01(b).