Conditions Precedent to the Drawdown definition

Conditions Precedent to the Drawdown means the conditions precedent set forth in Article 6 herein and in the Contract upon satisfaction of which the Bank shall provide the Client with the Drawdown.
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Examples of Conditions Precedent to the Drawdown in a sentence

  • The Client shall be entitled to draw down the Credit at the earliest on the Business Day that follows after the date at which he/she/it meets the Conditions Precedent to the Drawdown.

  • The Client and the Bank may agree that the Credit may be draw down as early as on the Business Day on which the Client has met all the Conditions Precedent to the Drawdown.

Related to Conditions Precedent to the Drawdown

  • Drawdown means any principal amount borrowed or to be borrowed (by any means) under the provisions hereof.

  • 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);

  • Terms & Conditions means the Special Conditions of Contract and General Conditions of Contract herein mentioned and other stipulations incorporated in any part of Tender Document and /or Agreement.