First Draw definition

First Draw has the meaning set forth in Section 4.1A.
Sample 1Sample 2Sample 3
First Draw the initial draw under this facility all or part of which will be used to finance the Special Payment.
Sample 1Sample 2Sample 3
First Draw means a one-liter sample of tap water, collected from a cold- water source. Water for each sample shall have stood motionless in the plumbing system for at least six (6) hours and shall be collected without flushing the tap.
Sample 1Sample 2

Examples of First Draw in a sentence

  • The Applicant received a First Draw Paycheck Protection Program Loan and, before the Second Draw Paycheck Protection Program Loan is disbursed, will have used the full loan amount (including any increase) of the First Draw Paycheck Protection Program Loan only for eligible expenses.

  • If you received an authorized increase on your First Draw PPP Loan after December 27, 2020, you must enter the date on which you received the original disbursement of your PPP loan proceeds.

  • FTE and Salary/Wage Reductions: Borrowers that received a PPP loan of more than $50,000 and Borrowers of $50,000 or less that together with their affiliates received First Draw PPP Loans totaling $2 million or more or Second Draw PPP Loans totaling $2 million or more must adjust their “Requested Loan Forgiveness Amount” due to statutory requirements concerning reductions in either full-time equivalent employees or employee salary and wages.

  • You cannot use one form to apply for forgiveness of both a First Draw PPP Loan and a Second Draw PPP loan.

  • First Draw PPP Loan or Second Draw PPP Loan: Select the box that describes the PPP loan that this forgiveness application is for.

  • If you only have one PPP loan, select First Draw PPP Loan.SBA PPP Loan Number: Enter the loan number assigned by SBA at the time of loan approval.

  • For First Draw PPP Loans made before December 27, 2020, an applicant that was otherwise in compliance with applicable SBA requirements, and that complied with Treasury’s interim final rule on seasonal workers, will be deemed eligible for a PPP loan under SBA rules.

  • Company Z is a construction company with 400 employees.• Company Y is eligible for a First Draw PPP Loan because it has 500 or fewer employees.

  • This FAQ applies only to First Draw PPP Loans made before December 27, 2020.

  • Congress has authorized a total program level of $806,450,000,000 to provide guaranteed loans under this temporary 7(a) program under sections 7(a)(36) (PPP loans or First Draw PPP Loans) and 7(a)(37) (Second Draw PPP Loans) of the Small Business Act, a portion of which is available for new First Draw and Second Draw PPP Loans.


More Definitions of First Draw

First Draw the initial draw under this facility all or part of which will be used to effect the amendment and restatement of the Existing Credit Agreement.
Sample 1Sample 2
First Draw means the Borrowings of up to $160,000 (less any amounts previously advanced to the Borrower by the Lender) made on the Closing Date.
Sample 1Sample 2
First Draw the initial draw under this facility all or part of which will be used to effect the amendment and restatement of the Existing Credit Agreement. AmericasActive:15540830.1218080089.6
Sample 1

Related to First Draw

  • First draw sample means a one−liter sample of tap water that has been standing in plumbing pipes at least 6 hours and is collected without flushing the tap.

  • Interest Drawing has the meaning assigned to such term in Section 3.6(a).

  • Final Drawing has the meaning specified in Section 3.05(i).

  • Non-Extension Drawing has the meaning specified in Section 3.5(d).

  • Second Draw Period is the period commencing on December 1, 2015 and ending on the earlier of (i) January 31, 2016 and (ii) the occurrence of an Event of Default; provided, however, that the Second Draw Period shall not commence if on December 1, 2015, an Event of Default has occurred and is continuing.

  • 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 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.

  • Non-Extension Advance means an Advance made pursuant to Section 2.02(b).

  • Delayed Draw Term Loan Commitment means the commitment of a Lender to make or otherwise fund a Delayed Draw Term Loan and “Delayed Draw Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Delayed Draw Term Loan Commitment, if any, is set forth on Schedule 2.01 or in the applicable Assignment and Assumption, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Delayed Draw Term Loan Commitments as of the Closing Date is $165,000,000.

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

  • Delayed Draw Commitment as defined in the Second Amended and Restated Credit Agreement.

  • Tranche 1 January 1, 2015 through December 31, 2015, which is allotted 25% of the Target Award,

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

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

  • Downgrade Drawing has the meaning assigned to such term in Section 3.6(c).

  • First Extended Maturity Date has the meaning specified in Section 2.15(a).

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

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

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

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

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

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

  • Second Incremental Auction means an Incremental Auction conducted ten months before the Delivery Year to which it relates.

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