Draw Period definition
Draw Period is the period of time from the Effective Date through the earlier to occur of (a) June 30, 2012, or (b) an Event of Default.
Draw Period means, for each Credit Facility, the period commencing on the Commitment Commencement Date and ending on the Commitment Termination Date.
Draw Period means the period of time commencing upon the Closing Date and continuing through the earliest to occur of (a) the Draw Period Termination Date, (b) an Event of Default, and (c) the existence of any Default.
Examples of Draw Period in a sentence
The Bank, shall, on the terms and subject to the conditions hereinafter set forth, collectively lend the Borrower from time to time during the Draw Period, an aggregate amount not to exceed at any time the Maximum Advance Amount (the “Loan”).
More Definitions of Draw Period
Draw Period is the period of time commencing upon the Effective Date and continuing through the earlier to occur of (a) November 1, 2018 or (b) an Event of Default.
Draw Period. With respect to any Mortgage Loan, the period during which the related Mortgagor is permitted to make Draws.
Draw Period. With respect to each Mortgage Loan, the period consisting of either the first five, ten or fifteen years after the date of origination of such Mortgage Loan, during which the related Mortgagor is permitted to make Draws.
Draw Period. With respect to any Mortgage Loan, the period of time specified in the related Credit Line Agreement whereby a Mortgagor may make a Draw under the related Credit Line Agreement, not to exceed five, ten or fifteen years (as applicable) unless extended pursuant to such Credit Line Agreement and the Transfer and Servicing Agreement, such extension to be limited by the provisions of the related Transfer Agreement.
Draw Period means the period of time commencing upon the occurrence of the Funding Condition and continuing through the earliest to occur of (a) June 30, 2021, or (b) an Event of Default.
Draw Period. With respect to each HELOC, the period consisting of either the first five, ten or fifteen years after the date of origination of such HELOC, during which the related Mortgagor is permitted to make Draws.
Draw Period. With respect to any HELOC Mortgage Loan, the period of time specified in the related Credit Line Agreement whereby a Mortgagor may make a Draw under the related Credit Line Agreement, not to exceed five or fifteen years (as applicable) unless extended pursuant to such Credit Line Agreement and the Sale and Servicing Agreement, such extension to be limited by the provisions set forth in Section 2.04 of the Sale and Servicing Agreement.