Examples of Drawdowns in a sentence
SECURITY 92 5.1 Liens 92 5.2 The Collateral Accounts; Drawdowns 92 5.3 Agreement to Deliver Additional Collateral Documents 93 5.4 Subordination 94 6.
Each Lender hereby authorizes and directs the Administrative Agent to coordinate and implement the sharing of collateral contemplated by this Section 12.3 prior to the distribution of proceeds from Drawdowns or proceeds from the exercise of remedies under the Collateral Documents prior to making any distributions of such proceeds to each Lender or the Administrative Agent, in their respective capacity as the Lenders.
All Cash Collateral shall be funded by the proceeds of Drawdowns, and not from any other source.
The Borrower will not, and will not permit any other Loan Party or any other Affiliate of the Borrower, to utilize Drawdowns, whether directly or indirectly, to facilitate, assist with, or participate in a Hostile Acquisition.
In order to secure further the payment and the performance of the Obligations and to effect and facilitate the right of the Secured Parties, each Borrower shall (and cause the applicable Feeder to) require that each of its Investors (including any Specified Investor) wire transfer to such Borrower’s Collateral Account all monies or sums paid or to be paid by such Investors (including any Specified Investor) pursuant to Drawdowns.