Drawdowns definition

Drawdowns under the “Bridge Loan” are only permissible if in addition to the preconditions set forth in Annex 4a (“General Preconditions for Drawdown”) and in Annex 4b (“Special Preconditions for each Drawdown”):
Drawdowns will be made in a maximum amount of 56.72 % of the respective net invoice amount, which is in excess of EUR 22,000,000. “Drawdowns” under the “Term Loan” are made in amounts of at least EUR 3,000,000 except for the last “Drawdown”. There will be a maximum of twelve “Drawdowns”.

Examples of Drawdowns in a sentence

  • If "No," is selected, one new question will appear in which the applicant must explain, in the textbox provided, as to why the recipient has not maintained consistent Quarterly Drawdowns for the most recent grant terms related to this renewal project request.

  • Quarterly Drawdowns: Select "Yes" or "No" from the dropdown menu to indicate whether your organization maintained consistent Quarterly Drawdowns from eLOCCS for the most recent grant terms related to this renewal project.

  • Drawdowns for the payment of eligible expenses shall be made against the line item budgets specified in Paragraph III herein and in accordance with performance.

  • Drawdowns for the payment of eligible expenses shall be made on a monthly basis against the budget specified herein and in accordance with performance.

  • Direct Administrative Costs - Drawdowns on a Payroll Cycle The State shall request funds for all direct administrative costs such that they are deposited on the dollar-weighted average date of clearance of payroll.


More Definitions of Drawdowns

Drawdowns are made in the amount of a maximum of 20.5% of the respective net invoice amount.
Drawdowns means: (a) Drawdown 1 (Initial Scope); (b) where applicable, Drawdown 2 (Initial Scope); (c) where applicable, Drawdown 3 (Initial Scope); (d) where applicable, Drawdown 4 (Initial Scope); (e) Drawdown 1 (Deferred Scope); (f) where applicable, Drawdown 2 (Deferred Scope); (g) where applicable, Drawdown 3 (Deferred Scope); and where applicable, Drawdown 4 (Deferred Scope), and '"Drawdown" shall mean any one of them; "Effective Date" the date on which the final Party has signed the Contract;
Drawdowns means, where the context may require, all Drawdowns, collectively.
Drawdowns means the Capital Contributions provided for in Section 5.1 and pursuant to the procedures set forth in Section 5.2 from time to time by the Members pursuant to Drawdown Notices.
Drawdowns of selected paint colors to be provided prior to commencing work.
Drawdowns. Base Rate - Minimum draws of $250,000 with same day notice. Eurodollar rate - Minimum draws of $1,500,000 with three (3) business days notice. -------------------------------------------------------------------------------- Comerica Bank, as Agent (ii) [LOGO] Prepayment: Base Rate loans may be prepaid on same day notice. Eurodollar Rate loans are subject to prepayment compensation if repaid before the end of the respective Interest Period.
Drawdowns has the meaning ascribed thereto in Section 7.4(a);