Initial Draw definition

Initial Draw has the meaning ascribed to such term in Section 2.1(a). “Initial Term” has the meaning ascribed to such term in the Lease.
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Initial Draw as defined in Section 2.1.2(a).
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Initial Draw means one or more Advances under the Revolving Loan Commitment for purposes of funding the Concorde Acquisition and/or other working capital needs that occurs on the Closing Date or otherwise prior to the Concorde Acquisition in an aggregate amount up to $100,000,000.
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Examples of Initial Draw in a sentence

  • In connection with the Initial Draw, the Company has issued senior secured debentures of the Company (the “Debentures”) in an aggregate principal amount of $1,000,000.

  • The principal amount of the Debentures evidencing the Initial Draw will mature on July 18, 2015.

  • As part of the consideration for the Loan Facility, the Lenders received an aggregate 8% overriding royalty interest in the Company’s proceeds from all oil, gas and other hydrocarbons produced from any new wells developed on the Company’s Hartburg Properties using any portion of the proceeds from the Initial Draw.

  • Facility Fee The Company shall pay a facility fee of $600,000 in the aggregate to the New Senior Lenders on the Funding Date with the proceeds of the Initial Draw under the New Senior Loan Facility.

  • If the Delayed Draw T-2 Loans are not fungible for U.S. federal income tax purposes with the Initial Draw T-1 Loans, the Delayed Draw T-2 Loans shall be identified separately (whether by a separate CUSIP number or otherwise).


More Definitions of Initial Draw

Initial Draw has the meaning ascribed to such term in Section 2.1(a). “Insurance Policies” has the meaning ascribed to such term in Section 3.12. “Interim DIP Order” has the meaning ascribed to such term in Section 3.15.
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Initial Draw means the initial US$60 million draw on the December 2021 Debt Facility;
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Initial Draw has the meaning ascribed to such term in Section 2.1(a). “Initial Term” has the meaning ascribed to such term in the Lease. “Insurance Policies” has the meaning ascribed to such term in Section 3.13.
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Initial Draw refers to Developer’s first application for payment of Project Costs, which shall not occur before Bond Closing.
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Initial Draw shall have the meaning set forth in Section 2.1.
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Initial Draw has the meaning set forth in Section 2.01(a).
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Initial Draw means $31,000,000, the amount of the Loan disbursed by the Lender on the Initial Drawing Date.
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