Maximum Draw definition

Maximum Draw shall have the meaning provided in Subparagraph 28(c). “Meridian Anadarko Amount” shall have the meaning provided in Subparagraph 124(m)(ii).

Maximum Draw means the maximum aggregate amount from time to time that beneficiaries may draw under outstanding Letters of Credit, as such aggregate amount may be reduced from time to time pursuant to the terms of the Letters of Credit.

Maximum Draw. Down Amount” 4 Section 1.28. “NASD” 4 Section 1.29. “Permitted Transaction” 4 Section 1.30. “Person” 4 Section 1.31. “Principal Market” 4 Section 1.32. “Prohibited Transaction” 4 i TABLE OF CONTENTS (Continued) Page Section 1.33. “Prospectus” 4 Section 1.34. “Registrable Securities” 4 Section 1.35. “Registration Rights Agreement” 4 Section 1.36. “Registration Statement” 4 Section 1.37. “Regulation D” 4 Section 1.38. “Section 4(2)” 5 Section 1.39. “Securities Act” 5 Section 1.41. “Shares” 5 Section 1.42. “Trading Day” 5 Section 1.43. “VWAP” 5 Section 1.44. “Warrant” 5 Section 1.45. “Warrant Shares” 5 ARTICLE II PURCHASE AND SALE OF COMMON STOCK 5 Section 2.01. Purchase and Sale of Stock 5 Section 2.02. Closing 5 Section 2.03. Registration Statement and Prospectus 5 Section 2.04. Warrant 5 Section 2.05. Blackout Shares 6 ARTICLE III DRAW DOWN TERMS 6 Section 3.01. Draw Down Notice 6 Section 3.02. Number of Shares 6 Section 3.03. Limitation on Draw Downs 6 Section 3.04. Trading Cushion 6 Section 3.05. Settlement 6 Section 3.06. Delivery of Shares; Payment of Draw Down Amount 7 Section 3.07. Failure to Deliver Shares 7 ARTICLE IV REPRESENTATIONS AND WARRANTIES OF THE COMPANY 8 Section 4.01. Organization, Good Standing and Power 8 Section 4.02. Authorization; Enforcement 8 Section 4.03. Capitalization 8 Section 4.04. Issuance of Shares 9 Section 4.05. No Conflicts 9 Section 4.06. Commission Documents, Financial Statements 10 TABLE OF CONTENTS (Continued) Page Section 4.07. No Material Adverse Change 10 Section 4.08. No Undisclosed Liabilities 10 Section 4.09. No Undisclosed Events or Circumstances 11 Section 4.10. Actions Pending 11 Section 4.11. Compliance with Law 11 Section 4.12. Certain Fees 11 Section 4.13. Disclosure 11 Section 4.14. Material Non-Public Information 11 Section 4.15. Exemption from Registration; Valid Issuances 12 Section 4.16. No General Solicitation or Advertising in Regard to this Transaction 12 Section 4.17. No Integrated Offering 12 Section 4.18. Acknowledgment Regarding Investor’s Purchase of Shares 12 ARTICLE V REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE INVESTOR 12 Section 5.01. Organization and Standing of the Investor 13 Section 5.02. Authorization and Power 13 Section 5.03. No Conflicts 13 Section 5.04. Financial Capability 13 Section 5.05. Information 14 Section 5.06. Selling Restrictions 14 Section 5.07. Statutory Underwriter Status 14 Section 5.08. Not an Affiliate 14 Section 5.09. Prospectus Delivery 14 ARTICLE VI COVENA...

Examples of Maximum Draw in a sentence

• The ASAP Maximum Draw Limit prevents Santa Xxxx County from drawing down funds from this award for contract cost.

• If the Claims Administrator makes draws under one or more Letters of Credit on three separate occasions with respect to three separate failures described in Section 5.3.1, then at any time thereafter when the Claims Administrator shall be entitled to make a further draw on a Letter of Credit pursuant to Section 5.3.1, the Claims Administrator in its discretion may make a draw under such Letter of Credit in the full amount of the "Maximum Draw Amount" thereunder (any such draw, a "Multiple Draw Drawing").

• This award has the following control or withdrawal limits set in ASAP: None Agency Review required for all withdrawals (see explanation below) Agency Review required for all withdrawal requests over $ Maximum Draw Amount controls (see explanation below) $ each month $ each quarter $_2,316,502_ Max drawdown amount Explanation: The Grants Office does not have adequate information to validate the costs requested for contracts.

• Maximum Draw Down (MDD) – the maximum loss from the high to the low in a market move – occurs in choppy markets, and may be daunting to traders who must maintain adequate margin reserve to hold their position during MDD.

• The BLM will establish a quarterly Maximum Draw Amount for each project account based on the quarterly report submitted by the local or regional governmental entity.

More Definitions of Maximum Draw

Maximum Draw. Down Amount” 6 Section 1.37. “NASD” 6 Section 1.38. “Permitted Transaction” 6 Section 1.39. “Person” 6 Section 1.40. “Principal Market” 6 Section 1.41. “Prohibited Transaction” 6 Section 1.42. “Prospectus” 6