First Draw definition

First Draw has the meaning set forth in Section 4.1A.
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First Draw the initial draw under this facility all or part of which will be used to finance the Special Payment.
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First Draw means a one-liter sample of tap water, collected from a cold- water source. Water for each sample shall have stood motionless in the plumbing system for at least six (6) hours and shall be collected without flushing the tap.
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Examples of First Draw in a sentence

  • If you received an authorized increase on your First Draw PPP Loan after December 27, 2020, you must enter the date on which you received the original disbursement of your PPP loan proceeds.

  • Furthermore, the bureaucracy with time pressures and lack of continuity in the immigration process can be a challenge (Larsen, Eriksson et al.

  • First Draw PPP Loan or Second Draw PPP Loan: Select the box that describes the PPP loan that this forgiveness application is for.

  • If you only have one PPP loan, select First Draw PPP Loan.SBA PPP Loan Number: Enter the loan number assigned by SBA at the time of loan approval.

  • Congress has authorized a total program level of $806,450,000,000 to provide guaranteed loans under this temporary 7(a) program under sections 7(a)(36) (PPP loans or First Draw PPP Loans) and 7(a)(37) (Second Draw PPP Loans) of the Small Business Act, a portion of which is available for new First Draw and Second Draw PPP Loans.

  • For a Second Draw PPP Loan in excess of $150,000, you must submit a loan forgiveness application for your First Draw PPP Loan before or simultaneously with the loan forgiveness application for your Second Draw PPP Loan, even if the calculated amount of forgiveness on your First Draw PPP Loan is zero.

  • If this application is being submitted for a First Draw PPP Loan approved on or before August 8, 2020 and the Borrower is required to submit an SBA Form 3508D disclosure of a controlling interest, that disclosure must be submitted to the Lender not later than 30 days after submission of this loan forgiveness application.

  • Company Z is a construction company with 400 employees.• Company Y is eligible for a First Draw PPP Loan because it has 500 or fewer employees.

  • For First Draw PPP Loans made before December 27, 2020, an applicant that was otherwise in compliance with applicable SBA requirements, and that complied with Treasury’s interim final rule on seasonal workers, will be deemed eligible for a PPP loan under SBA rules.

  • Borrowers may also complete this application electronically through their Lender.If this application is being submitted for a First Draw PPP Loan approved on or before August 8, 2020 and the Borrower is required to submit an SBA Form 3508D disclosure of a controlling interest, that disclosure must be submitted to the lender not later than 30 days after submission of this loan forgiveness application.


More Definitions of First Draw

First Draw means the Borrowings of up to $160,000 (less any amounts previously advanced to the Borrower by the Lender) made on the Closing Date.
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First Draw the initial draw under this facility all or part of which will be used to effect the amendment and restatement of the Existing Credit Agreement.
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First Draw has the meaning assigned to such term in Section 2.01(a)(i).
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First Draw the initial draw under this facility all or part of which will be used to effect the amendment and restatement of the Existing Credit Agreement. AmericasActive:15540830.1218080089.6
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Related to First Draw

  • First draw sample means a one−liter sample of tap water that has been standing in plumbing pipes at least 6 hours and is collected without flushing the tap.

  • Interest Drawing has the meaning assigned to such term in Section 3.6(a).

  • Final Drawing has the meaning specified in Section 3.05(i).

  • Non-Extension Drawing has the meaning specified in Section 3.5(d).

  • Second Draw Period is the period commencing on December 1, 2015 and ending on the earlier of (i) January 31, 2016 and (ii) the occurrence of an Event of Default; provided, however, that the Second Draw Period shall not commence if on December 1, 2015, an Event of Default has occurred and is continuing.

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Non-Extension Advance means an Advance made pursuant to Section 2.02(b).

  • General Arrangement Drawings shall have the meaning set forth in Clause 3.1 (iii) (b);

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • Tranche B has the meaning assigned in Section 2.1(c)(i).

  • Delayed Draw Commitment as defined in the Second Amended and Restated Credit Agreement.

  • Tranche B Term Loan Facility as defined in the definition of “Facility” in this Section 1.1.

  • Term Advance has the meaning specified in Section 2.01(a).

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

  • Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

  • Downgrade Drawing has the meaning assigned to such term in Section 3.6(c).

  • Tranche B Facility means the aggregate of the Tranche B Commitments.

  • First Extended Maturity Date has the meaning specified in Section 2.15(a).

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • LOC means the entity awarded the Championships and entering into this Agreement, having executed the Attached Bid.

  • Tranche B Advance has the meaning specified in Section 2.01(b).

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).