Drawdown definition

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

Drawdown means a borrowing or credit of funds by way of Advances, other than an Advance by way of Rollover or Conversion.

Drawdown means a drawdown of an Advance;

Examples of Drawdown in a sentence

• As used herein, the term “Loan” means the sum of (x) the total outstanding loans made by the Lender to the Borrower pursuant to Drawdown Requests under, and in accordance with the terms of, this Agreement and (y) the Outstanding Amount.

• Drawdown Purchases will generally be made pro rata, in accordance with unfunded Capital Commitments of all investors, unless otherwise determined by the Adviser (including as the Adviser determines necessary or desirable in order to comply with any applicable legal, regulatory, tax or similar regimes).

• The representations and warranties set out herein shall survive the execution and delivery of this Agreement and the making of each Drawdown under the Credit Agreement, notwithstanding any investigations or examinations which may be made by or on behalf of the Agent, the Lenders or Lenders' Counsel.

• Each condition specified in Clauses 9 and 10 (Representations and Warranties, Undertakings) is satisfied on the date of this Drawdown Request.

• As at the date of this Agreement and the first Drawdown Date only, no Event of Default has occurred and is continuing or might reasonably be expected to result from any Drawdown.

More Definitions of Drawdown

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

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 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 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 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.