Examples of Draw Period Termination Date in a sentence
The second tranche shall be in an amount equal to Five Million Dollars ($5,000,000.00) and shall be available to be advanced in a single advance on a Business Day prior to the Draw Period Termination Date.
Principal shall be paid in thirty-five (35) equal, consecutive monthly payments, with each such payment equal to 1/36th of the principal amount advanced during the Draw Period and outstanding as of the Draw Period Termination Date.
The term loan has a fixed interest rate equal to 3.25%, with any amount of the loan under the term loan outstanding on the Draw Period Termination Date of August 30, 2017 payable over seven years in equal monthly installments of principal including interest beginning September 1, 2017.
The Commitment Fee Rate multiplied by the Class A-2 Undrawn Amount (including amounts in any Downgrade Draw Account) as of the close of business on each day from and including the Closing Date to but excluding the Draw Period Termination Date.
The Lender agrees, on the terms and conditions set forth in this Agreement, to lend to the Town from time to time through the Draw Period Termination Date amounts not to exceed the Available Commitment on the date the corresponding Advance is to be made and not to exceed in the aggregate at any one time outstanding the amount of the Commitment, to be used by the Town to pay costs of the Project and for no other purpose.