Draw Down Period definition

Draw Down Period means the period from and including the Closing Date to and including the earliest of (i) the date on which the Term Loan Commitments shall have been fully drawn, (ii) the date on which the Borrower shall have terminated the remainder of undrawn Term Loan Commitments, and (iii) the date twelve months following the Closing Date.

Draw Down Period means the period during which the Purchaser Agent has agreed to make Advances with respect to the Bonds. The Draw-Down Period shall commence on the date of initial delivery of the Bonds and shall end on December 31, 2010. The Draw-Down Period shall be extended automatically to December 31, 2011, upon the delivery of an Opinion of Counsel to the Purchaser Agent, the Purchasers and Trustee that such extension will not cause interest on the Series 2010 Bonds to become includible in gross income for federal income tax purposes.

Draw Down Period has the meaning specified in Section 2(b).

Examples of Draw Down Period in a sentence

• Notably, Section 4(d) provided that if Wheels Up terminated the Agreement due to a material breach by FlyExclusive, Wheels Up would owe FlyExclusive only for those obligations accrued under the Agreement until the early termination, and there would be no Draw Down Period.

• The maximum amount of shares that may be sold in any Draw Down Period ranges from shares having aggregate purchase prices of $325,000 to $3,250,000, based on the 10-Day VWAP.

• The Lenders shall have no obligation to make an Advance hereunder after the end of the Draw Down Period.

• Namely, Wheels Up owes FlyExclusive only for obligations accrued until June 30, 2023, there shall be no Draw Down Period, the Deposits are to be applied to any amounts owed by Wheels Up, and the balance returned to Wheels Up. FlyExclusive must continue to perform pursuant to the terms of the Agreement.

• We are allowed to present Azimuth with up to 24 draw-down notices during the 24-month term, with only one draw-down notice allowed per Draw- Down Period and a minimum of five trading days required between each Draw-Down Period, unless we and Azimuth otherwise agree.

More Definitions of Draw Down Period

Draw Down Period means that period of time from the Closing Date to December 31, 2010, which period shall be extended automatically to December 31, 2011, upon delivery of an opinion of counsel, acceptable to the Trustee and Administrative Agent, to the effect that such extension will not cause the Bonds or any portion thereof to fail to qualify as a Tax-Exempt Financing.

Draw Down Period means, (a) with respect to any Commitment made on the Initial Closing Date, the Initial Draw-Down Period, and (b) with respect to any Commitment made on a Subsequent Closing Date, the applicable Subsequent Draw-Down Period.

Draw Down Period means the period commencing on (and including) the Closing Date and ending on (and including) October 1, 2021.

Draw Down Period the period from the Closing Date through and including the earliest to occur of (i) the date on which the Available Delayed-Draw Commitment is zero, (ii) the date which is 60 days after the first date on which the Available Delayed-Draw Commitment is $35,000,000 or less or (iii) the second anniversary of the Closing Date.

Draw Down Period means a time period or time limit agreed between the Client and the Bank in the Loan Agreement, within which time period or time limit the Client may submit a request for a drawing of any Advance and draw the Loan Facility or any part thereof.

Draw Down Period means the period commencing on the date of the Note’s execution, or the date funds are first provided thereunder, whichever is later, until December 31, 2008.

Draw Down Period means the period during which the facility will be available to the Borrower.