First Draw Period definition

First Draw Period is the period commencing on the Effective Date and ending on the earlier of (i) March 31, 2013 and (ii) the occurrence of an Event of Default; provided, however, that the First Draw Period shall not commence if on the date thereof an Event of Default has occurred and is continuing.
Sample 1Sample 2
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.
Sample 1Sample 2
First Draw Period is the period commencing on the Effective Date and ending on September 25, 2009.
Sample 1Sample 2

Examples of First Draw Period in a sentence

  • KRECuA) 392condition préalable à remplir pour fonder la juridiction de la Cour en l’espèce, à la différence des autres motifs invoqués qui représentent les conditions de la compétence spéciale de la Cour sous les trois aspects à considérer.

  • 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, 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) 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, Bank shall make a term loan to Borrower in the amount of Five Million Dollars ($5,000,000) (such term loan is hereinafter referred to as “Term A Loan”).

  • We left the discovery process even more excited than ever to partner with ITD to develop a System of Engagement.

  • 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.

  • Two applications have been assessed and are recommended for funding under the Building and Operations Grant Program to a total value of $9,000 for water monitoring equipment to be installed at Grand Apartments, Kent Street Sydney, and Sonoma Apartments in Waterloo.

  • Subject to the terms and conditions of this Agreement, during the First Draw Period, Bank shall make a term loan to Borrower in the amount of Twelve Million Five Hundred Thousand Dollars ($12,500,000) (such term loan is hereinafter referred to as “Term A Loan”).


More Definitions of First Draw Period

First Draw Period is the Effective Date.
Sample 1
First Draw Period is the period of time commencing upon the occurrence of the 2020 Milestone Event #1 and continuing through the earlier to occur of (a) March 31, 2021 or (b) an Event of Default.”
Sample 1
First Draw Period is the period commencing of the date of the occurrence of the Approval Event and ending on the earlier of (i) December 31, 2020 and (ii) the occurrence of an Event of Default; provided, however, that the Draw Period shall not commence if on the date of the occurrence of the Approval Event an Event of Default has occurred and is continuing.
Sample 1

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 the date occurring on or after the Second Amendment Effective Date in which Borrower satisfies the Second Draw Conditions and ending on the earlier of (a) June 20, 2021, and (b) the occurrence of an Event of Default.

  • 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.

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

  • 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;

  • 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.

  • 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 the earliest to occur of (a) the Amendment No. 9 Effective Date, (b) the date the Term Loan Commitments are permanently reduced to zero pursuant to 2.01(b) and (c) the date of the termination of the Term Loan Commitments pursuant to Section 9.01.

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

  • 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.

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

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

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