Examples of Initial Drawdown in a sentence
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The Company shall issue warrants to lenders representing an aggregate of 1200 warrants for each US$1000 in value of the Gold-linked Loan Initial Drawdown and 600 warrants for each US$1000 in value of the Gold-linked Loan Subsequent Drawdown.
The initial Drawing must be made no later than the Last Date for Initial Drawdown.
In addition to their respective amount of Initial Drawdown, new investors making Commitments at a Subsequent Closing will be subject to a Drawdown of an amount equivalent to their pro rata portion of the total Commitment already drawn down from existing Unitholders.
At any time after the Initial Drawdown Date, the Company may give written notice to the Lenders that it wishes to prepay all or any part of the Loan (in multiples of $10,000).