Actual Drawdown Date definition

Actual Drawdown Date means, in respect of the Advance under this Agreement, the date on which the Advance is actually made;
Sample 1Sample 2
Actual Drawdown Date means, in respect of the Advance of all of the Loan available under this Agreement, the date on which that Advance is actually made;
Sample 1

Examples of Actual Drawdown Date in a sentence

  • If the Facility Agent, acting upon the instructions of the Majority Lenders, permits the Loan to be borrowed before certain of the conditions referred to in Clause 8.1 are satisfied, the Borrowers shall ensure that those conditions are satisfied within five (5) Business Days after the Actual Drawdown Date (or such longer period as the Facility Agent may specify).

  • Subject to the other provisions of this Agreement, each Lender shall participate in the Advance in an amount equal to its Ratable Portion of the Advance as at the Actual Drawdown Date.

  • The first repayment installment in respect of the Advance shall be made on the date falling three (3) months after the Actual Drawdown Date of the Advance.

  • The Borrowers are or will be on the Actual Drawdown Date the sole owner of the whole of the Ships.

  • Subject to the other provisions of this Agreement, each Lender shall participate in each Advance in an amount equal to its Ratable Portion of such Advance as at the relevant Actual Drawdown Date.

  • If the Agent, with the consent of the Majority Lenders, permits the Advance to be borrowed before certain of the conditions referred to in Clause 8.1 shall be satisfied, the Borrower shall ensure that those conditions are satisfied within five Business Days after the Actual Drawdown Date (or such longer period as the Agent may specify).

  • If the Facility Agent, with the consent of the Majority Lenders, permits an Advance to be borrowed before certain of the conditions referred to in Clause 8.1 are satisfied, the Borrower shall ensure that those conditions are satisfied within five (5) Business Days after the Actual Drawdown Date (or such longer period as the Facility Agent may specify).

  • The First Advance is made but the First Actual Drawdown Date has not occurred on or before the first Business Day after the First Drawdown Sunset Date.

  • The Borrower shall also pay interest on the Loan from the Actual Drawdown Date until payment in full at the rates determined from time to time in accordance with Clause 4 of the Loan Agreement, which provisions are incorporated herein with full force and effect as if they were fully set forth herein.

  • The Interest shall be accrued per month from the Actual Drawdown Date, and the interest settlement date is the 20th day of every month (the 20th day of every month/ the 20th day in the last month of every quarter).

Related to Actual Drawdown Date

  • Drawdown Date means, in relation to an Advance, the date requested by the Borrower for the Advance to be made, or (as the context requires) the date on which the Advance is actually made;

  • Drawdown means the drawdown of a Tranche under the Loan Facility;

  • Utilisation Date means the date of a Utilisation, being the date on which the relevant Loan is to be made.

  • Step-Down Date The earliest of the Distribution Date in [MONTH/YEAR] or any succeeding Distribution Date on which the following conditions are satisfied as of the last day of the month preceding such Distribution Date:

  • 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;

  • Available Commitment means a Lender’s Commitment minus:

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Available Commitments shall refer to the aggregate of the Lenders’ Available Commitments hereunder.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Drawing Date shall have the meaning set forth in Section 2.12(b) hereof.

  • Drawdown Request means a notice substantially in the form set out in Schedule 3 (Drawdown Request).

  • Tranche A Advance means an Advance made by a Bank under Tranche A.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances outstanding.

  • Borrowing Date any Business Day specified by the Borrower as a date on which the Borrower requests the relevant Lenders to make Loans hereunder.

  • Term Loan Availability Period means the period starting on the Effective Date and ending on the End Date.

  • Loan Date means the date of the Loan Agreement as set forth in Exhibit A.

  • Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

  • Available Facility Amount shall have the meaning specified in paragraph 2B(1).

  • Final Disbursement Date means the last date on which Lender may make a Disbursement set forth in Section 10 of the Loan Authorization Agreement (including as amended by an Extension) or, if such date is not a Business Day, the next succeeding Business Day; provided, however, to the extent that Lender has not received cash collateral in the amount of the Letter of Credit Obligations or an equivalent full indemnity from Borrower or Guarantor, as applicable, with respect to Letter of Credit Obligations outstanding on the Final Disbursement Date, the Final Disbursement Date with respect to an advance to fund a drawing under such Letter of Credit shall be no later than thirty (30) days after any such drawing which may be no later than the expiry date of the Letter of Credit related thereto.

  • Loan Year means each period of twelve (12) consecutive months commencing on the Closing Date and on each anniversary thereof.

  • Available Incremental Amount has the meaning specified in Section 2.14(4)(c).

  • Drawdown Notice means a notice in the form set out in Schedule 2 (or in any other form which the Agent approves or reasonably requires);

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

  • Availability Payment means the payment to Owner described in Section 8.1 for Condition 1 and 8.2 for Condition 2.

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.