First Drawdown means drawdown of Tranche 1 of this Loan Facility;
First Drawdown means the act of Borrower drawing down any of the Tranches Facility Amount pursuant to the Agreement for the first time; “First Drawdown Date” shall mean the day on which the Borrower first draws down any of the Tranches Facility Amount (which must be a banking Business Day), or the day deemed as the First Drawdown Date pursuant to the Agreement.
First Drawdown means the making of the first Utilisation.
Examples of First Drawdown in a sentence
Conditions Precedent to Each Drawdown after the First Drawdown 3.
From the day after 6 months from the First Drawdown Date to the expiration of the Loan Period, each 3 months shall be regarded as 1 period.
The Tranche A Facility Amount shall have a term of five (5) years starting from the First Drawdown Date, including a grace period of 6 months.
When the Borrower applies for a Drawdown, all of the Drawdown conditions under this Article for the First Drawdown and/or subsequent Drawdown must be satisfied.
The Borrowers undertake to deliver or to cause to be delivered to the Agent on, or as soon as practicable after, the First Drawdown Date the additional documents and other evidence listed in Part II of Schedule 3.
More Definitions of First Drawdown
First Drawdown means the Loan(s) made on the First Drawdown Date pursuant to the Agreement.
First Drawdown a drawdown in the principal amount of HK$10,800,000 on 17 July 2018 pursuant to the Existing Facility Agreement, as approved by the Co-lenders
First Drawdown. Date of Drawdown: Currency: __________________ Amount: __________________ Drawdown Type: __________________ Libor Interest Period (in months): [IF APPLICABLE] Bankers' Acceptance Term (in days): [IF APPLICABLE] Bankers' Acceptance Maturity Date: [IF APPLICABLE] Conversion: Pursuant to subsection 2.11 ([DESIGNATE SUBSECTION]) to convert on [INSERT DATE OF CONVERSION] the amount of $ [SPECIFY CURRENCY] [SPECIFY AMOUNT] of a [SPECIFY TYPE] Drawdown into: __________________ Drawdown Type: __________________ Libor Interest Period (in months): [IF APPLICABLE] Bankers' Acceptance Term (in days): [IF APPLICABLE] Bankers' Acceptance Maturity Date: [IF APPLICABLE] Rollover: Pursuant to Section 2.12, to rollover on [INSERT DATE OF ROLLOVER] the [LIBOR DRAWDOWN/BANKERS' ACCEPTANCE] as follows: Amount: __________________ Currency (if Bankers' Acceptance): __________________ Libor Interest Period (in months): [IF APPLICABLE] Bankers' Acceptance Term (in days): [IF APPLICABLE] Bankers' Acceptance Maturity Date: [IF APPLICABLE] into a [LIBOR DRAWDOWN/BANKERS' ACCEPTANCE] as follows: Amount: __________________ Currency (if Bankers' Acceptance): __________________ Libor Interest Period (in months): [IF APPLICABLE] Bankers' Acceptance Term (in days): [IF APPLICABLE] Bankers' Acceptance Maturity Date: [IF APPLICABLE] [ADDITIONAL DRAWDOWNS IN SAME FORM AS REQUIRED] The undersigned hereby certifies, on behalf of the Borrower, that:
First Drawdown a drawdown in the principal amount of HK$8,000,000 on 26 July 2018 pursuant to the Existing Facility Agreement 1, as approved by the Co-lenders
First Drawdown means the first Drawdown to be made in terms of this Loan Agreement, in accordance with the provisions of Clause Three of this Loan Agreement.
First Drawdown. Date" in respect of each Investor, means the date specified in the first Drawdown Notice to be to such Investor pursuant to clauses 4.3 or 4.5.2, as the case may be;
First Drawdown has the meaning provided in Clause 4.2(b) (Drawdown).