Loan Drawdown definition

Loan Drawdown means the making of a Loan to the Company by the Investor in accordance with the provisions of clause 4;
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Loan Drawdown means the drawdown of any Loan from time to time by the Borrower, in accordance with the terms of the Loan Agreement.
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Loan Drawdown has the meaning ascribed to such term in Condition 3.4. “Loan Event of Default” means any event of default in relation to a Loan. “Luxembourg” means the Grand Duchy of Luxembourg.
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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.

  • The Company has four reportable segments: retail, bulk, services and manufacturing.

  • You are automatically taken to have requested an advance on the Loan Drawdown Date of the Loan for the Loan Amount on that date.

  • The amount to be advanced to the Borrower by each Lender pursuant to this Agreement shall be deposited to the Loan Drawdown Account opened in the name of the Borrower at the Facility Agent in funds immediately available for withdrawal on the same day by 3:00 P.M. (Seoul Time) on the relevant Drawdown Date, whereby the Borrower shall be deemed to have borrowed the relevant amount.

  • The undersigned Borrower hereby requests a [Revolving Credit Loan under §2.1(a)] [Swing Loan under §2.5] of the Credit Agreement: Principal Amount: $__________ Type (LIBOR Rate Loan, Base Rate Loan): Drawdown Date: Interest Period for LIBOR Rate Loans: by credit to the general account of Borrower with Agent at Agent’s Head Office or to the account specified by Borrower on Schedule A hereto pursuant to the wiring instructions set forth on Schedule A.

  • 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).

  • 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.

  • The Borrower shall establish the Account Keun-Pledge over the Loan Drawdown Account in favor of the Lenders.

  • Party A will submit a Fixed Assets Loan Drawdown Application in the form attached hereto no less than one day prior to the agreed-upon drawdown date, and may not draw down the loan without review of such Application by Party B to its satisfaction.

Related to Loan Drawdown

  • Drawdown means a drawdown of a Facility.

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Term Advance has the meaning specified in Section 2.01(a).

  • Term Loan has the meaning specified in Section 2.01(b).

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Loan Facility means the Revolving Loan Facility, the Transaction Specific Loan Facility or the Transaction Specific Revolving Loan Facility established by Lender in favor of Borrower under the Loan Documents.

  • Term Loan A has the meaning set forth in Section 2.2(a).

  • Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

  • Loan Date means the date of the Loan Agreement as set forth in Exhibit A.

  • Tranche B Advance has the meaning specified in Section 2.01(b).

  • Term Loan B Facility means the facility described in Section 2.01(b) providing for an advance of the Term Loan B to the Borrower by the Term Loan B Lenders in the original principal amount of $565,000,000, as adjusted from time to time pursuant to the terms of this Agreement.

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • Term Loan C has the meaning set forth in Section 2.2(c).

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Drawdown Request means a notice substantially in the form set out in Schedule 3 (Drawdown Request).

  • Term Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term Commitments at such time and (b) thereafter, the aggregate principal amount of the Term Loans of all Term Lenders outstanding at such time.

  • Term Facility Commitment means the commitment of a Term Lender to make Term Loans, including Initial Term Loans and/or Other Term Loans.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • Term A Loan is defined in Section 2.2(a)(i) hereof.