Loan Drawdown definition
Examples of Loan Drawdown in a sentence
The Borrower may not submit a Drawdown Request until such time as the Lender has confirmed receipt and satisfaction with the items set out in the section headed "Conditions Prior to the Loan Drawdown" in the Key Terms.
The form and substance of Loan Drawdown Notice shall be satisfactory to the Lender.
Subject to the terms and conditions set forth in this Agreement, each Bank severally agrees to make additional loans to the Borrower from time to time during the Term Loan Drawdown Period in an aggregate amount not in excess of such Bank's Remaining Term Loan Commitment; provided that the Borrower shall not be entitled to request a Borrowing pursuant to this Section 2.01(a) more than once during any calendar month.
Within fifteen (15) business days of the date of receipt of said Borrower’s Application For Loan Draw-down and additional indicated documents, Lender shall notify Borrower of its tentative decision regarding lending money to Borrower based on such Water Contract and Equipment as Collateral.
After the Completion of Construction, the Borrower shall have itself and the Management Service Company to delegate any and all power and authority in connection with management and operation of the Loan Drawdown Account to the Facility Agent, and such delegation may not be cancelled or rescinded until the Secured Obligations are repaid in full.
Each Lender shall make the amount of its Loan available to the Administrative Agent in immediately available funds at the Administrative Agent’s Office not later than 1:00 p.m. on the Business Day specified in the Loan Drawdown Notice.
Method of payment of principal Payment on each of the Principal Payment Dates of Aggregate of Individual Loan Drawdown Amount multiplied by the Principal Payment Ratio (as set out in Schedule 2) for the relevant Principal Payment Date.
The form of the first Loan Drawdown Notice is set out in Exhibit C and the form of subsequent Loan Drawdown Notices shall be agreed in writing between the Parties.
The EUR Agent will make such Loans available to the EUR Borrower by promptly crediting the amounts so received, in like funds, to an account of the EUR Borrower designated by the EUR Borrower in the applicable Notice of EUR Revolving Loan Drawdown.
Upon receipt of a Drawdown Request, subject to fulfillment of the conditions set forth in Section 2 and/or 3 of this Article, each Lender shall extend a loan to the Borrower on the designated Proposed Drawdown Date by depositing a specified amount of Loan to the Loan Drawdown Account opened in the name of the Borrower with the Facility Agent (provided, in case of Interest Reserve Loan, to the Loan Repayment Account).