Drawdown Period means the period commencing on the Execution Date and ending on the earliest of (a) 19 December 2014, (b) any date on which the amount of the Loan is equal to the Commitment and (ii) any date on which the Commitment is reduced to zero pursuant to clauses 10.2 or 12;
Drawdown Period means, in relation to an Advance, the period commencing on the date of this Agreement and ending on the relevant Termination Date or the period ending on such earlier date (if any) on which (a) the aggregate amount of all Advances is equal to the Commitment or (b) the Commitment is reduced to zero pursuant to clauses 4.3, 10.2 or 12 or (c) Delivery of the Ship relevant to such Advance occurs;
Drawdown Period means in relation to the Construction Loan Facility, the period as specified in the Facility Letter.
Examples of Drawdown Period in a sentence
If the Company cures the issues identified by Wellcome within a reasonable period of time, and in any event prior to the expiry of the Drawdown Period, Wellcome shall release the relevant tranche of the Facility within fifteen (15) Business Days of confirmation that such issues have been cured.
If any Milestones have not been achieved by the last day of the Drawdown Period, the Facility shall be cancelled to the extent not borrowed, unless agreed otherwise in writing by Wellcome.
More Definitions of Drawdown Period
Drawdown Period means the period commencing on the Execution Date (inclusive) and ending on the Drawdown Period Termination Date (inclusive).
Drawdown Period means the period commencing on the Execution Date and ending on the earliest of (a) 31 December 2014, (b) the Delivery Date in respect of the second Ship to be delivered by the Seller and (c) any date on which (i) the amount of the Loan is equal to the Total Commitment or (ii) the Total Commitment is reduced to zero pursuant to clauses 10.2 or 12;
Drawdown Period means the period in which the special purpose vehicle has the right to drawdown committed capital;
Drawdown Period means the period beginning from the Signing Date (inclusive) and ending on the date of six (6) months thereafter;
Drawdown Period means the period starting on the Effective Date and ending on the date which is the earlier of the Repayment Date or thirty six (36) months from the date of this Agreement;
Drawdown Period means the period during which you may draw down your Advanced Personal Loan. This period will begin on the date that we open your Loan Account and will end on the expiry date of your Card. The expiry date will be the end of the third month after the month in which we open the Loan Account.