Drawdown Date definition

Drawdown Date means, in relation to an Advance, the date requested by the Borrower for the Advance to be made, or (as the context requires) the date on which the Advance is actually made;

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Drawdown Date means the date on which a Drawdown is made by the Borrower pursuant to the provisions hereof and which shall be a Banking Day.

Drawdown Date means, in relation to each Advance, any date, being a Banking Day falling during the Drawdown Period for such Advance, on which the relevant Advance is, or is to be, made available;

Examples of Drawdown Date in a sentence

Subject to the provisions of this Agreement, each Lender shall, on and with value on the Drawdown Date, make available to the Agent for the account of the Borrowers the amount due from that Lender under Clause 2.2 (L▇▇▇▇▇▇' participations in Loan).
The Borrowers or any of them to maintain in their Earnings Accounts or in an Earnings Account or in cash deposits with the Account Bank in their name, free credit balances ("Minimum Liquidity") in an aggregate amount of not less than $1,000,000 or such lesser amount which will be equal to $500,000 per Borrower commencing from the Drawdown Date and at all times thereafter.
If the Majority Lenders, at their discretion, permit the Loan to be borrowed before certain of the conditions referred to in Clause 9.1 (Documents, fees and no default) are satisfied, the Borrowers shall ensure that those conditions are satisfied within 5 Business Days after the Drawdown Date (or such longer period as the Agent may, with the authority of the Majority Lenders, specify).
The first Repayment Instalment in respect of each Advance shall be repaid on the date falling three months after the earlier of (i) the Drawdown Date and (ii) 19 December 2025 with the remaining Repayment Instalments of that Advance to be repaid at 3-monthly intervals thereafter with the last Repayment Instalment of that Advance to be repaid on the Final Maturity Date of that Advance together with the relevant Balloon Instalment.

More Definitions of Drawdown Date

Drawdown Date means the date requested by the Borrower for the Loan to be made, or (as the context requires) the date on which the Loan is actually made;

Drawdown Date means the date of the advance of a Loan.

Drawdown Date means the date for the making of an Advance.

Drawdown Date means any Business Day on which an Advance is made or is deemed to be made.

Drawdown Date means the date on which a Drawing is advanced under Clause 4.

Drawdown Date means the date, which shall be a Business Day, of any Advance.

Drawdown Date means the date on which an Advance is made, or is proposed to be made.