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;

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;

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.

Examples of Drawdown Date in a sentence

• The first Interest Period shall commence on the Drawdown Date and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period.

• The first Instalment in respect of the Advance shall be repaid on the date falling three months after the Drawdown Date, each subsequent Instalment shall be repaid quarterly thereafter and the last Instalment in respect of the Advance, shall be repaid together with the Balloon Instalment latest on the relevant Final Repayment Date.

• If the Lender, at its 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 Borrower shall ensure that those conditions are satisfied within five Business Days after the Drawdown Date (or such longer period as the Lender specify).

• Subject to the provisions of this Agreement, the Lender shall on the Drawdown Date make the Commitment available to the Borrower and payment to the Borrower shall be made to the account which the Borrower specify in the Drawdown Notice: The payment by the Lender under this Clause 4.44 ( Disbursement of Advance ) shall constitute the making of the Advance and the Borrower shall at that time become indebted, as principal and direct obligors, to the Lender.

• Subject to the following conditions, the Borrower may request an Advance to be borrowed by ensuring that the Lender receives a completed Drawdown Notice not later than 5.00 p.m. one Business Days prior to the relevant Drawdown Date.

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 on which an Advance is made, or is proposed to be made.

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

Drawdown Date means the date on which the Loan is drawn down and applied in accordance with Clause 2.

Drawdown Date means the Business Day specified as the date on which the Borrower is requesting that a Loan occur or on which it will occur pursuant to this Agreement.

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

Drawdown Date means the date of a Drawdown;