Draw Down Limit definition

Draw Down Limit shall have the meaning assigned to such term in Section 6.01(a) hereof.
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Draw Down Limit means such number of shares of duly authorized, validly issued, fully paid and non-assessable shares of Common Stock which, when aggregated with all other shares of Common Stock issued or sold pursuant to any transaction or series of transactions that may be aggregated with the transactions contemplated by such Draw Down Request Notice under applicable rules of any Trading Market on which the Common Stock may be listed or quoted, is equal to one less than 20.0% of the issued and outstanding shares of Common Stock on the date immediately prior to the earliest of such issuance or sale (as adjusted for any stock splits, stock combinations, stock dividends, recapitalizations and other similar transactions that occur on or after the date of this Agreement); provided, however, that the Draw Down Limit shall not exceed under any circumstances that number of shares of Common Stock that the Company may issue pursuant to such Draw Down Request Notice without (a) breaching the Company’s obligations under the rules and regulations of any Trading Market on which the Common Stock may be listed or quoted or (b) obtaining stockholder approval under the applicable rules and regulations of any Trading Market on which the Common Stock may be listed or quoted.
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Examples of Draw Down Limit in a sentence

  • An Initial Mandatory Draw Down shall otherwise be adjusted and settled in accordance with the terms of Section 6.01, subject, for the avoidance of doubt, to the Draw Down Limit.

  • The Issuer may, in a Notice of Borrowing delivered no later than two Business Days prior to the Draw Date request the Senior Commitment Party to make, and the Senior Commitment Party shall make, one or more loans, subject to the terms of this Agreement; provided, that the aggregate Outstanding Senior Note Amount (after giving effect to the request set forth in the Notice of Borrowing) will not exceed the amount of the Senior Note Draw Down Limit.

Related to Draw Down Limit

  • Draw Down Amount means the actual amount of a Draw Down paid to the Company.

  • Draw Down shall have the meaning assigned to such term in Section 6.1(a) hereof.

  • Draw Down Pricing Period means a period of twenty-two (22) consecutive Trading Days beginning on the date specified in the Draw Down Notice (as defined in Section 5.1(f) herein); provided, however, the Draw Down Pricing Period shall not begin before the day on which receipt of such notice is confirmed by the Purchaser.

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Draw Down Notice shall have the meaning assigned to such term in Section 5.1(f) hereof.

  • Maximum Credit Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b) or (b) modified from time to time pursuant to any assignment permitted by Section 12.04.