Draw Period C definition

Draw Period C is the period of time from the occurrence of the Milestone Event through the earlier to occur of (a) June 30, 2014 or (b) an Event of Default.”
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Draw Period C is the period of time commencing upon the occurrence of the Draw Period C Event and ending on the earlier to occur of (i) August 31, 2019 and (ii) the date of the occurrence of an Event of Default.
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Draw Period C is the period of time commencing upon the occurrence of both (i) the Term B Event and (ii) the NDA Event and continuing through December 31, 2017.
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Examples of Draw Period C in a sentence

  • Subject to the terms and conditions of this Agreement, during Draw Period C, Bank shall make one (1) advance (the “Term C Loan Advance”) available to Borrower in an original principal amount not to exceed Five Million Dollars ($5,000,000.00).

  • Each Term Loan A2 Notice of Borrowing shall be irrevocable and shall specify (A) that a Term Loan A2 is requested, (B) the date of the requested borrowing (which shall be a Business Day during the Draw Period), (C) the aggregate principal amount to be borrowed and (D) whether the borrowing shall be comprised of Alternate Base Rate Loans, LIBOR Rate Loans or a combination thereof, and if LIBOR Rate Loans are requested, the Interest Period(s) therefor.

  • Subject to the terms and conditions of this Agreement, during Draw Period C, Bank shall make advances (each, a “Term Loan C Advance” and collectively, “Term Loan C Advances”) available to Borrower in an aggregate amount of up to One Million Dollars ($1,000,000.00).

  • Subject to the terms and conditions of this Agreement, upon Borrower’s request, during Draw Period C, Bank shall make one (1) term loan advance (the “Term C Loan Advance”) available to Borrower in an original principal amount of Four Million Dollars ($4,000,000.00).

  • Subject to the terms and conditions of this Agreement, during the Draw Period C, upon Borrower’s written request in accordance with this Agreement and Borrower’s payment to Lender of a fully-earned non-refundable commitment fee equal to Fifty Thousand Dollars ($50,000.00), Lender will severally (and not jointly) make in an amount not to exceed its respective 2018 Term Commitment, one (1) 2018 Term Loan Advance in a principal amount of Ten Million Dollars ($10,000,000) (the “2018 Term C Loan Advance”).

  • Subject to the terms and conditions of this Agreement, during Draw Period C, upon Borrower’s request, Bank shall term loan advances (each, a “Term C Loan Advance”, and collectively, the “Term C Loan Advances”) available to Borrower in an aggregate original principal amount not to exceed Five Million Dollars ($5,000,000.00).

  • Subject to the terms and conditions of this Agreement, during Draw Period C, Lender will severally (and not jointly) make, in an amount not to exceed its respective Term Commitment, and Borrower may request, one (1) additional Term Loan Advance in an amount of up to Five Million Dollars ($5,000,000).

  • For the avoidance of doubt, the unfunded original Term Loan Advances set forth in Section 2.1(a) of the Loan Agreement available during the Draw Period A, Draw Period B and Draw Period C in an aggregate commitment amount of Fifteen Million Dollars ($15,000,000) in effect prior to this Amendment have been terminated in full and are now replaced by the Term B Loan Advances set forth in Section 1.7 of this Amendment.

  • The City is authorized by Sections 15-244 and 18-506, Reissue Revised Statutes of Nebraska, as amended, and Article IX, Sections 39 to 43, inclusive, of the City Charter to issue its general obligation bonds in an aggregate principal amount not to exceed $7,900,000 for the purpose of funding the Improvements.

  • Subject to the terms and conditions of this Agreement, upon Borrower’s request, during Draw Period C, Bank shall make 1 term loan advance not exceeding the Term C Loan Availability Amount (such advance is referred to herein as the “Term C Loan Advance”).


More Definitions of Draw Period C

Draw Period C 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.
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Draw Period C is the period of time commencing upon the occurrence of the Milestone Event and continuing through June 30, 2020.
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Draw Period C is the period of time commencing upon the occurrence of Performance Milestone 1 and Performance Milestone 2 and continuing through the First Amendment Effective Date.”
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Draw Period C is set forth on Schedule I hereto.
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Draw Period C. “Draw Period C” is the period commencing on the occurrence of the Milestone Event II, and ending on May 31, 2023.
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Related to Draw Period C

  • 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.

  • Second Draw Period is the period commencing on December 1, 2015 and ending on the earlier of (i) January 31, 2016 and (ii) the occurrence of an Event of Default; provided, however, that the Second Draw Period shall not commence if on December 1, 2015, an Event of Default has occurred and is continuing.

  • Draw Date means, with respect to any Insured Distribution Date, the third Business Day immediately preceding such Insured Distribution Date.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Fixed Incremental Amount shall have the meaning assigned to such term in the definition of “Maximum Incremental Facilities Amount”.

  • Drawdown Period means the period commencing on the Execution Date and ending on the earlier of (i) 30 April 2012 and (ii) any date on which the Commitment is finally cancelled or fully drawn under the terms of this Agreement;

  • Second Incremental Auction means an Incremental Auction conducted ten months before the Delivery Year to which it relates.

  • Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that, such Loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.

  • Equipment Advance is defined in Section 2.1.1.

  • Grace Period Extension Date means, if:

  • Term Loan Installment Date means any Term B Loan Installment Date or any Incremental Term Loan Installment Date.

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • First Incremental Auction means an Incremental Auction conducted 20 months prior to the start of the Delivery Year to which it relates.

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

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

  • Delayed Draw Term Loan Commitment means the commitment of a Lender to make or otherwise fund a Delayed Draw Term Loan and “Delayed Draw Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Delayed Draw Term Loan Commitment, if any, is set forth on Schedule 2.01 or in the applicable Assignment and Assumption, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Delayed Draw Term Loan Commitments as of the Closing Date is $165,000,000.

  • Incremental Term Loan Installment Date shall have, with respect to any Class of Incremental Term Loans established pursuant to an Incremental Assumption Agreement, the meaning assigned to such term in Section 2.10(a)(ii).

  • Non-Extension Advance means an Advance made pursuant to Section 2.02(b).

  • Bid Incremental value means the minimum amount over and above the last highest bid amount by which any participating Qualified Bidder will be required to increase the next bid on the auction portal;

  • Delayed Draw Commitment as defined in the Second Amended and Restated Credit Agreement.

  • Delayed Draw Funding Date means any date on which the Delayed Draw Term Loans are funded hereunder, which shall in no event be later than the Delayed Draw Term Loan Commitment Termination Date.

  • Leverage Increase Period has the meaning specified in Section 7.11(a).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • First draw sample means a one−liter sample of tap water that has been standing in plumbing pipes at least 6 hours and is collected without flushing the tap.

  • Loan Period means, with respect to each LIBOR Rate Loan, the period commencing on the Funding Date for such LIBOR Rate Loan and ending on the numerically corresponding day one (1) month, two (2) months, three (3) months or six (6) months thereafter, as specified by the Borrower in the Notice of Borrowing submitted under Section 2.04; provided, however, that: