Drawdown definition

Drawdown means any principal amount borrowed or to be borrowed (by any means) under the provisions hereof.

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Drawdown means the drawdown of a Tranche under the Loan Facility;

Drawdown means a drawdown of an Advance;

Examples of Drawdown in a sentence

• Upon initial purchase or acquisition of any such obligations, funds deposited in the Revolver Funding Account in respect of any Delayed Drawdown Collateral Obligation or Revolving Collateral Obligation will be treated as part of the purchase price therefor.

• During the Reinvestment Period, fundings of Delayed Drawdown Collateral Loans and Revolving Collateral Loans shall be made using, first, amounts on deposit in the Revolving Reserve Account, then available Principal Proceeds on deposit in the applicable Collection Account and finally, available Borrowings.

• Portions of the same Collateral Loan acquired by the Borrower on different dates (whether through purchase, receipt by contribution or the making or origination thereof, but excluding subsequent draws under Revolving Collateral Loans or Delayed Drawdown Collateral Loans) will, for purposes of determining the purchase price of such Collateral Loan, be treated as separate purchases on separate dates (and not a weighted average purchase price for any particular Collateral Loan).

• After the Commitment Termination Date, fundings of Delayed Drawdown Collateral Loans and Revolving Collateral Loans shall be made using, first, amounts on deposit in the Revolving Reserve Account, then available Principal Proceeds on deposit in the Collection Account.

• On the same Business Day of the issuance of each Drawdown Notice, the Borrowers shall notify the Administrative Agent of the making thereof and shall provide information as to the timing and amount of such Drawdown along with copies of each Drawdown Notice delivered to the Investors.

More Definitions of Drawdown

Drawdown means in relation to the Credit Facility, a borrowing or credit of funds by way of Advances, other than an Advance by way of Rollover or Conversion.

Drawdown means any Advance which results in an increase in the Outstanding Principal.

Drawdown means a drawdown of cash contributions from one or more Limited Partners pursuant to a Drawdown Notice in accordance with Article 5.

Drawdown means the issuance of a Drawdown Notice to any or all of the Investors for payment of each Investor’s Drawdown Share Amount pursuant to and in accordance with the Subscription Agreements of the Investors.

Drawdown referred to in this Contract shall mean disbursements by Party B of the funds to the Loan Disbursement Account in accordance with Party A’s Application and this Contract. The drawdown schedule hereunder shall be item [see Schedule A] of the following:

Drawdown means a drawdown of a Facility.

Drawdown means the difference in levels between the static water level in a well and the surface of the depressed water level that occurs when the well is pumped.