Drawdown Period definition

Drawdown Period means the period commencing on the Execution Date and ending on the earlier of (i) 30 April 2012 and (ii) any date on which the Commitment is finally cancelled or fully drawn under the terms of this Agreement;

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;

Drawdown Period means the period in which the special purpose vehicle has the right to drawdown committed capital;

Examples of Drawdown Period in a sentence

• The energy equivalent shall be calculated by multiplying the remaining Assigned Water by the average energy conversion factor of the downstream Project during the Drawdown Period immediately preceding termination of this Agreement.

• The Reservoir Party shall not be required to release water (or to deliver energy in lieu thereof) in excess of the generating capability of its reservoir Project unless the Reservoir Party’s reasonable forecasts indicate that the reservoir would otherwise be above its ECC at the end of the Drawdown Period.

• Accrued interest shall be added to the outstanding principal balance each June 1 during the Drawdown Period.

• Each Utilisation Request for a Loan is irrevocable and will not be regarded as having been duly completed unless the proposed Utilisation Date is a Business Day within the Drawdown Period.

• Immediately following the end of the Drawdown Period the Commitment which, at that time, is unutilised shall be immediately cancelled.

More Definitions of Drawdown Period

Drawdown Period means the period commencing on the Execution Date and ending in respect of:

Drawdown Period means the period commencing on the Execution Date and ending on the earliest of (a) 31 December 2014, (b) the Delivery Date in respect of the second Ship to be delivered by the Seller and (c) any date on which (i) the amount of the Loan is equal to the Total Commitment or (ii) the Total Commitment is reduced to zero pursuant to clauses 10.2 or 12;

Drawdown Period means in relation to the Construction Loan Facility, the period as specified in the Facility Letter.

Drawdown Period means the period starting on the Effective Date and ending on the date which is the earlier of the Repayment Date or thirty six (36) months from the date of this Agreement;

Drawdown Period means the period commencing on the Execution Date (inclusive) and ending on the Drawdown Period Termination Date (inclusive).

Drawdown Period means the period commencing on the Closing Date and ending on the earlier of (i) 31 December 2019 or such other date as the Lender and the Borrower may agree and (ii) any date on which the Commitment is finally cancelled or fully drawn under the terms of this Agreement;

Drawdown Period means the period beginning from the Signing Date (inclusive) and ending on the date of six (6) months thereafter;