Subsequent Draw definition

Subsequent Draw shall have the meaning assigned to such term in Section 2.1(b).
Subsequent Draw means a request by Company for and the funding of either (i) Term Loans advanced by the Lenders after the Closing Date under their respective Term Loan Commitments in an aggregate amount not to exceed $2,100,000 or (ii) an Incremental Term Loan. For avoidance of doubt, upon satisfaction of the requirements of Sections 2.1, 3.2 and 5.15 to the satisfaction of the Lenders, the Company shall be entitled to receive the advance described in clause (i) of this definition.
Subsequent Draw means a request by Company for and the funding of one Term Loan advanced by the Lenders during the Subsequent Draw Period under their respective Subsequent Draw Commitments in an aggregate amount equal to the Subsequent Draw Amount. For avoidance of doubt, upon satisfaction of the requirements of Sections 2.1 and 3.2 to the satisfaction of the Required Lenders, or waiver of such requirements in accordance with Section 10.5, the Borrowers shall be entitled to receive the foregoing advance.

Examples of Subsequent Draw in a sentence

  • Conditions Precedent to Subsequent Draw Requests 26 Section 5.04.

  • Conditions Precedent to Subsequent Draw Requests 38 Table of Contents (continued) Page Section 5.03.

  • There also are crashes that occur rarely but that result in huge costs—!nancial and reputational.

  • The Company, the Purchaser and GYBL shall enter into the Registration Rights Agreement with respect to the Subsequent Draw Down Shares, dated the Effective Date, in the form of Exhibit A attached hereto.

  • For purposes of determining such ownership percentage, the Warrant Shares issued or issuable under the Warrant shall be included in their entirety before taking into account any other Shares owned by the Purchaser, including, without limitation, any Advance Shares or Subsequent Draw Down Shares.

  • Neither the Company, nor any of its Affiliates, nor any Person acting on its or their behalf, has engaged in any form of general solicitation or general advertising (within the meaning of Regulation D) in connection with the offer or sale of the Subsequent Draw Down Shares.

  • With representatives from both private sector and government, the composition of the board of IDCOL is a key factor in the success of the company.

  • The guidance is largely a continuation of the philosophy and approach of the 2011 and 2015 documents and does not present a divergence in either the definition of setting or the way in which it should be assessed.

  • Each Note Purchaser shall promptly thereafter (but in no event later than 11:00 a.m. (New York City time) on the proposed Subsequent Draw Date) notify the Issuer whether such Note Purchaser has determined that the conditions precedent to fund the requested Draw have been met, if any Receivable is to be excluded from the Draw Request and the amount of the Draw, as adjusted by such Note Purchaser pursuant to this Section.

  • Printed Name Signature: Date:Hampton University Child Development Center Medication Form Minimum standards for licensed Childcare Centers and Family Day Care Homes provide that non-prescription drugs, not limited to vitamins and aspirin, shall be given to a child only with the parents/guardians written consent/permission.


More Definitions of Subsequent Draw

Subsequent Draw shall have the meaning set forth in Section 2.1.
Subsequent Draw. As defined in Section 3.3 (c). Title Company: Flagler Title Company.
Subsequent Draw means an advance of the Loan equal to the amount of the Maximum Facility minus all amounts of the Loan advanced on the Closing Date.

Related to Subsequent Draw

  • Funding Date is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business Day.

  • Delayed Draw Funding Date means any date on which the Delayed Draw Term Loans are funded hereunder, which shall in no event be later than the Delayed Draw Term Loan Commitment Termination Date.

  • Draw Date means, with respect to any Insured Distribution Date, the third Business Day immediately preceding such Insured Distribution Date.

  • Initial Funding Date means the date on or after the Closing Date, on which all of the conditions described in Section 6.1 have been satisfied (or waived) in a manner satisfactory to the Administrative Agent and the Lenders and on which the initial Loans under this Agreement are made by the Lenders to the Borrower.

  • Advance Notice Date means each date the Company delivers to the Investor an Advance Notice requiring the Investor to advance funds to the Company, subject to the terms of this Agreement. No Advance Notice Date shall be less than seven (7) Trading Days after the prior Advance Notice Date.

  • Advance Date means the funding date of any Advance.

  • Issuance Notice Date means any Trading Day during the Agency Period that an Issuance Notice is delivered pursuant to Section 3(b)(i).