Initial Drawing definition

Initial Drawing means a computer processed drawing held for initial offering of resident and nonresident licenses and permits.
Sample 1Sample 2Sample 3
Initial Drawing is defined in Section 3.2(b)(i)(A).
Sample 1
Initial Drawing means the first Drawing of the Limited Recourse Loan made available by the Loan Provider to the Issuer under the Limited Recourse Loan Agreement for the payment of the Purchase Price of the Initial Portfolio.
Sample 1

Examples of Initial Drawing in a sentence

  • Subject to the terms and conditions set forth herein and in Incremental Amendment, each Incremental Term A-2 Lender severally agrees to make Incremental Term A-2 Loans to the Borrower in Dollars on the Initial Drawing Date and the Second Drawing Date, as the case may be, in an aggregate amount not to exceed such Incremental Term A-2 Lender’s Incremental Term A-2 Commitment on the Bridge 2 Loan Closing Date.

  • Initial Drawing Drawing with Loops added We must make clear, though, that Loops are not to be added to all corners.

  • The Borrower shall have paid all accrued and unpaid fees, expenses and premiums owed to the DIP Lenders (including reasonable fees, costs and expenses of counsel) under or relating to the Finance Documents and the Commitment Letter (without duplication) required to be paid on or prior to the Initial Drawing Date, including, without limitation, the Commitment Fee.

  • The Initial Drawing Rate with respect to any Initial Drawing Period shall be (x) the Base Rate from the first day of such Initial Drawing Period through the last day preceding the third Business Day during such Initial Drawing Period and (y) the LIBOR Rate for the remainder of the Initial Drawing Period.

  • The Initial Drawing Interest Amount means the amount of interest accrued at the Initial Drawing Rate on the principal amount of such drawing or utilization for the period beginning on the date of such drawing or utilization and ending on the next Payment Date that occurs at least two (2) Business Days after such date (such period, the Initial Drawing Period ).

  • The amount of a Subsequent Drawing shall be no more than the difference of (i) one hundred forty-seven million Dollars ($147,000,000) minus (ii) the aggregate amount of all prior Drawings, including the Initial Drawing, taking into account the applicable sublimits of the Senior Notes and Subordinated Notes set forth in Schedule A.

  • The Total Commitment shall be reduced immediately and without further action on the earlier of the Initial Drawing Date (after the making of the Initial Funding) or the Initial Maturity Date.

  • On the Initial Drawing Date, the Prior Amount and the Prior Interest were deemed thereafter to be a portion of the outstanding principal amount of the Loan hereunder.

  • The Debtor shall have delivered to the DIP Agent an originally executed officer’s certificate certifying that all applicable conditions to the Initial Drawing Date have been satisfied as of such date and such other matters as the DIP Agent may request.

  • The representations and warranties set forth in the Finance Documents shall be true and correct in all material respects (except such representations and warranties that by their terms are qualified by “materiality”, which representations and warranties shall be true and correct in all respects) on and as of the Initial Drawing Date.

Related to Initial Drawing

  • Final Drawing has the meaning specified in Section 3.05(i).

  • Downgrade Drawing has the meaning assigned to such term in Section 3.6(c).

  • Interest Drawing has the meaning assigned to such term in Section 3.6(a).

  • Non-Extension Drawing has the meaning specified in Section 3.5(d).

  • Drawing means the drawing or drawings specified in or annexed to the Specifications;

  • Drawing Date shall have the meaning set forth in Section 2.12(b) hereof.

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

  • Special Drawing Rights and the symbol “SDR” mean special drawing rights as valued by the International Monetary Fund in accordance with its Articles of Agreement”;

  • 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.

  • Shop Drawing means any and all drawings, diagrams, layouts, explanations, illustrations, manufacturer's drawings or other written or graphic materials which illustrate any portion of the construction work.

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

  • 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.

  • 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.

  • Initial Extension of Credit means the earlier to occur of the initial Borrowing and the initial issuance of a Letter of Credit hereunder.

  • Maximum Drawing Amount means at the time in question the sum of the maximum amounts which LC Issuer might then or thereafter be called upon to advance under all Letters of Credit which are then outstanding.

  • Commitment Increase has the meaning specified in Section 2.18(a).

  • Facility Increase has the meaning provided in Section 2.15(a).

  • Record drawing or “as-builts” means a set of reproducible drawings which show significant changes in the work made during construction and which are usually based on drawings marked up in the field and other data furnished by the contractor.

  • Revolving Commitment Increase has the meaning set forth in Section 2.14(a).

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

  • As-built drawings, as used in this clause, means drawings submitted by the Contractor or subcontractor at any tier to show the construction of a particular structure or work as actually completed under the contract. “As-built drawings” shall be synonymous with “Record

  • Facility Increase Request means the notice in the form of Exhibit H pursuant to which the Borrowers request an increase of the Maximum Commitment in accordance with Section 3.6.

  • 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 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.

  • Construction Drawings means those drawings containing the technical details associated with the design, construction and installation of the Infrastructure;

  • Extended Letter of Credit has the meaning given that term in Section 2.3.(b).