Initial Drawdown definition
Examples of Initial Drawdown in a sentence
Initial Drawdown Date The first date on which investors (other than the Initial Member) are required to contribute capital for the purchase of Units, which is also the first date on which the Company will issue Units other than to the Initial Member.
No additional Members will be admitted after the Initial Drawdown Date, except as provided in Sections 7.1 and 11.2.
Any failure to sign any or all of the Waivers and Amendments on or prior to the earlier to occur of the Bridge Initial Drawdown Date and 30 April, 2003.
The Scheme Guarantee entered into in connection with a Scheme Facility will take effect from the Initial Drawdown Date in respect of that Scheme Facility, without the need for any further request, authorisation or consent from the Guarantor.
Dolan.193 And starker still is the burden of proof: once loyalty obligations are triggered, all transactions with the fiduciary are deemed presumptively unfair194 and the fiduciary bears the burden of showing by clear and convincing proof entire fairness, utmost performs his duty.