Drawdown Period definition

Drawdown Period means the period commencing on the Execution Date and ending on the earlier of (i) 30 April 2012 and (ii) any date on which the Commitment is finally cancelled or fully drawn under the terms of this Agreement;

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 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;

Examples of Drawdown Period in a sentence

• During the Drawdown Period, the Lender may carry out, or procure that a third party carries out on its behalf and at the cost of the Borrower, random inspections rather than systematic control of documentary evidence.

• The accrued commitment fee shall be payable (i) on each Payment Date within the Availability Period; (ii) on the Payment Date following the last day of the Drawdown Period; and (iii) in the event the Available Credit is cancelled in full, on the Payment Date following the effective date of such cancellation.

• Indicative dates to be confirmed and that will depend on the Signing Date and on the proposed Payment Dates] At the end of the Drawdown Period, the Lender shall deliver to the Borrower an amortisation schedule in respect of the Facility taking into account, if applicable, any potential cancellation of the Facility pursuant to Clauses 8.3 (Cancellation by the Borrower) and/or 8.4 (Cancellation by the Lender).

• IF-2022-114751614-APN-SSRFID#MEC Control and audit The Borrower agrees that, during the Drawdown Period, the Project Accounts shall be audited in accordance with the provisions of the IBRD Loan Agreement and the Operational Manual.

More Definitions of Drawdown Period

Drawdown Period means the period commencing on the Execution Date and ending in respect of:

Drawdown Period means the period in which the special purpose vehicle has the right to drawdown committed capital;

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 Closing Date and ending on the earlier of (i) 31 December 2019 or such other date as the Lender and the Borrower may agree and (ii) any date on which the Commitment is finally cancelled or fully drawn under the terms of this Agreement;

Drawdown Period means in relation to the Construction Loan Facility, the period as specified in the Facility Letter.

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 commencing on the date hereof and ending on the Termination Date.