First Draw Period definition

First Draw Period means the period commencing upon the occurrence of the First Milestone Event and ending on the earlier to occur of (i) October 15, 2014, and (ii) an Event of Default.
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First Draw Period is the period of time from the Effective Date through the earliest to occur of (a) November 9, 2007, and (b) an Event of Default.
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First Draw Period means the period commencing upon the occurrence of the First Milestone Event and ending on the earlier to occur of (i) January 31, 2015, and (ii) an Event of Default.
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Examples of First Draw Period in a sentence

  • During the First Draw Period, Borrower may request one (1) additional Term Loan Advance in an amount of Three Million Dollars ($3,000,000).

  • Subject to the terms and conditions of this Agreement, during the First Draw Period, Bank shall make one (1) Bridge Loan (the “First Bridge Loan Advance”) available to Borrower in an amount up to Two Million Dollars ($2,000,000.00).

  • Subject to the terms and conditions of this Agreement, during the First Draw Period, Bank agrees to make one (1) advance (the “First Growth Capital Advance”) available to Borrower in the amount of the First Growth Capital Advance Amount.

  • Subject to the terms and conditions of this Agreement, during the First Draw Period, Lenders agree, severally and not jointly, to make one (1) Term Loan (the "First Term Loan") available to Borrower in an amount up to Five Million Dollars ($5,000,000.00), according to each Lender's pro-rata share of the Term Loan based upon the respective Commitment Percentage of each Lender.

  • Subject to the terms and conditions of this Agreement, during the First Draw Period, Lenders agree, severally and not jointly, to make one (1) Term Loan available to Borrower in an amount up to Six Million Dollars ($6,000,000.00), according to each Lender’s pro-rata share of the Term Loan based upon the respective Commitment Percentage of each Lender, as evidenced by Secured Promissory Notes in favor of each Lender.

  • Subject to the terms and conditions of this Agreement, during the First Draw Period, Lenders agree, severally and not jointly, to make one (1) or more Term Loans (each, a “First Term Loan”) available to Borrower in an amount equal to Three Million Dollars ($3,000,000), according to each Lender’s pro-rata share of the Term Loan based upon the respective Commitment Percentage of each Lender.

  • Subject to the terms and conditions of this Agreement, during the First Draw Period, upon Borrower’s written request in accordance with this Agreement, Lender will severally (and not jointly) make in an amount equal to its respective Term Commitment, one (1) advance in a principal amount of Five Million Dollars ($5,000,000.00) (the “Term B Loan Advance”).


More Definitions of First Draw Period

First Draw Period is the period commencing on the Effective Date and ending on September 25, 2009.
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First Draw Period means the period commencing on May 16, 2011 and ending on the earlier of (i) May 31, 2011 and (ii) the occurrence of an Event of Default.
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First Draw Period is the Effective Date.
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Related to First Draw Period

  • Draw Period is the period of time from the Effective Date through the earlier to occur of (a) June 30, 2012, or (b) an Event of Default.

  • 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.

  • 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.

  • 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.

  • Draw Date means, with respect to any Insured Distribution Date, the third Business Day immediately preceding such Insured Distribution Date.

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

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

  • Second Incremental Auction means an Incremental Auction conducted ten months before the Delivery Year to which it relates.

  • Delayed Draw Term Lender means, at any time, any Lender that has a Delayed Draw Term Commitment or a Delayed Draw Term Loan at such time.

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

  • Drawdown Period means the period commencing on the Execution Date and ending on the earlier of (i) 30 April 2012 and (ii) any date on which the Commitment is finally cancelled or fully drawn under the terms of this Agreement;

  • Term Loan Installment Date means any Term B Loan Installment Date or any Incremental Term Loan Installment Date.

  • 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.

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

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

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Incremental Term Loan Installment Date shall have, with respect to any Class of Incremental Term Loans established pursuant to an Incremental Assumption Agreement, the meaning assigned to such term in Section 2.10(a)(ii).

  • Replacement Revolving Facility Effective Date shall have the meaning assigned to such term in Section 2.21(l).

  • Term Loan Commitment Termination Date means with respect to the Tranche B Term Loans, the date which is the earlier to occur of (x) the date which is seven years after the Third Restatement Date and (y) the first date on which all undrawn Term Loan Commitments have been terminated or reduced to zero pursuant to the terms hereof.

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

  • Initial Term Loan Repayment Date shall have the meaning provided in Section 2.5(b).

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

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

  • 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.