Drawdowns definition

Drawdowns means the Capital Contributions made to the Partnership pursuant to Section 5.1 from time to time by the Partners pursuant to Drawdown Notices.

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 are made in the amount of a maximum of 20.5% of the respective net invoice amount.

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.

More Definitions of Drawdowns

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”.

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. 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. Minimum amounts of $25 million with additional increments of $1 million (or the approximate equivalents established by the Administrative Agent in the applicable alternate currency.) Drawdowns are at the applicable Borrower's option with same-day notice for Alternate Base Rate Loans, one business day for Competitive Bid Absolute Rate Loans, three business days for Adjusted IBOR Loans, and five business days for Competitive Bid LIBOR Loans. -------------------------------------------------------------------------------- Page 7 June 7, 1999 8 American National Can Group, Inc. --------------------------------------------------------------------------------

Drawdowns. On the Closing Date, the Company shall draw down the entire $100,000,000 principal amount of the Initial Loan.

Drawdowns. The Borrower may make drawdowns each of an amount of a minimum of USD 5 mio., or any multiples of USD 5 mio., provided that each draw down, added to the already effected and not repaid drawdowns, do not exceed in the aggregate the Amount of the Loan as defined above, once a month, on the Nestle Netting value date listed as "Settlement Date" in Annex 1 to this Agreement. Annex 1 will be completed for 2005 at a later date. The Borrower shall give 15 days prior notice to the Lender for drawdowns of up to USD 50'000'000 (fifty million US dollars), and 30 days prior notice for drawdowns of higher amounts. Amounts drawn and repaid may be reborrowed in accordance with the terms hereof. Each drawdown is conditional upon there having been, at the date of each drawdown, no material adverse change in the financial condition of the Borrower which may have an effect on its ability to repay any amounts drawn down (which have not been repaid) and accrued interest thereon outstanding at that time.

Drawdowns designate the use of the Credit made by the Borrower in accordance with the provisions of Article III of the Contract. 3 //revenue stamp - FRENCH REPUBLIC 17 F // -3- II - CHARACTERISTICS OF THE CREDIT