Drawdown Dates Clause Samples
The Drawdown Dates clause defines the specific dates on which a borrower can request and receive funds under a loan agreement. Typically, this clause outlines a schedule or conditions for when drawdowns are permitted, such as after certain milestones are met or within a set timeframe following the agreement's execution. Its core practical function is to provide clarity and structure to the disbursement of loan proceeds, ensuring both parties understand when funds will be made available and helping to coordinate financial planning.
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Drawdown Dates. A portion of an Interestholder’s total Commitment may be due immediately upon the closing of the Interestholder’s initial investment in the Fund, and the Fund may require an Interestholder to fund the Interestholder’s Undrawn Commitment over time as the Master Fund makes investments and/or, as necessary, to fund other obligations of the Fund or the Master Fund. Commitments may be drawn down at any time, by the Fund making a capital call generally upon at least 10 calendar days’ written notice prior to the required funding date (the “Funding Deadline”) (including by email) (except that an initial funding may be required immediately upon the Initial Closing Date) to either the Interestholder or the Interestholder’s designee.
Drawdown Dates. You agree that on each Drawdown Date, you shall purchase a number of Shares equal to the Drawdown Share Amount (as defined below) at an aggregate price equal to the Drawdown Purchase Price (as defined below); provided, however, that in no circumstance will you be required to purchase Shares for an amount in excess of your Undrawn Commitment.
Drawdown Dates. The Responsible Lender may request a Loan to be drawndown during July 2022, June 2023 and April 2024. No Loan may be drawndown after 30 April 2024.
Drawdown Dates. The date appointed for the delivery by the Lending Entities of funds of any of the Drawdowns under Sub-Tranche B1 must be any Working Day between the Availability Period of Sub-Tranche B1, which must necessarily coincide with a date on which any of the Matchmind/Galian Instalments is due. In any event, the Borrower shall be obliged to draw down at least ten point seventy-two percent (10.72%) of the Sum of Sub-Tranche B1 (therefore, a sum equal to one million seven hundred and fifty-four thousand Euros (€ 1,754,000) prior to 12 September 2009 and, at the same time, it will be obliged to draw down the full remaining Sum of Sub-Tranche B1 prior to termination of the Availability Period of Sub-Tranche B1 so as to not leave any pending sums to draw down under Sub-Tranche B1 on that date.