Drawdown Date means, in relation to an Advance, the date requested by the Borrower for the Advance to be made, or (as the context requires) the date on which the Advance is actually made;
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 means the drawdown of a Tranche under the Loan Facility;
Utilisation Date means the date of a Utilisation, being the date on which the relevant Loan is to be made.
Tranche C Term Loan as defined in Section 2.1.
Tranche C Loan means an extension of credit by a Lender to TFA under Article II. Except as provided in Section 2.16(c), Tranche C Loans shall be denominated in Australian Dollars.
Tranche B Loan has the meaning specified in Section 2.01(b).
Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.
Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.
Tranche A Advance means an Advance made by a Bank under Tranche A.
Step-Down Date The earliest of the Distribution Date in [MONTH/YEAR] or any succeeding Distribution Date on which the following conditions are satisfied as of the last day of the month preceding such Distribution Date:
Tranche A Loan shall have the meaning set forth in Section 2.01(a).
Tranche B Term Loan as defined in Section 2.1.
Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that, such Loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.
Delayed Draw Funding Date means the date occurring on or after the Effective Date upon which all of the conditions to funding the Delayed Draw Term Loan set forth in Section 6.02 are satisfied and the Delayed Draw Term Loan is funded.
Funding Date is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business Day.
Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.
Delayed Draw Term Loan has the meaning specified in Section 2.01(b).
Extended Repayment Date shall have the meaning provided in Section 2.5(c).
Loan Repayment Date means the date a Loan is scheduled to be repaid, as confirmed pursuant to Clause 5.3(c) of this Agreement, which shall in no event be later than the Facility Repayment Date.
Borrowing Date any Business Day specified by the Borrower as a date on which the Borrower requests the relevant Lenders to make Loans hereunder.
Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).
Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).
Drawdown Request means a notice substantially in the form set out in Schedule 3 (Drawdown Request).
Drawdown Notice means a notice in the form set out in Schedule 2 (or in any other form which the Agent approves or reasonably requires);