Requested Drawdown Date definition

Requested Drawdown Date. Means a business day during the Commitment Period on which the Borrower requests the disbursement of a loan, as set out in the relevant Drawdown Notice.
Sample 1Sample 2
Requested Drawdown Date means a Business Day specified for a Disbursement of the Guaranteed Credits in any Notice of Borrowing delivered in accordance with Section 3.02.
Sample 1Sample 2
Requested Drawdown Date. [o] Principal Amount: [o] Interest Period: [o] The proceeds of the Advance should be credited to [o] [insert name and number of account]. We confirm that, as of the date hereof (i) each condition specified in Clause 3 (Conditions precedent) of the Loan Agreement is satisfied; (ii) each of the representations and warranties set out in Clause 16 (Representations) of the Loan Agreement is true and correct; and (iii) no event or circumstances has occurred and is continuing which constitute or may constitute an Event of Non-compliance. Yours sincerely for and on behalf of Ship Finance International Limited By: __________________________________ Name: Title: [authorised officer] SCHEDULE 5 Form of Selection Notice To: DNB NOR BANK ASA Date: [o] Tranche A of the USD 1,131,439,219 amended and restated loan facility agreement dated 18 September 2006 (the "Loan Agreement")
Sample 1

Examples of Requested Drawdown Date in a sentence

  • We confirm that as of the date of the Drawdown Notice and presently on the Requested Drawdown Date set out below, each condition precedent prescribed in Article 2-2 of the Agreement relating to the Lending Obligations is fulfilled.

  • Drawdown Notice Amounts To be a minimum of 100 million yen and in increments of 100 million yen thereafter; provided that the foregoing is not required to be applied in the case of a request of a loan drawdown for the amount of the requested loan equal to the reasonably anticipated balance of the loan under the SSTL as of the Requested Drawdown Date.

  • Deadline for submitting Drawdown Notice By 10:00 am 3 Business Days prior to the applicable Requested Drawdown Date.

  • Subordinated Syndicated Loan Agreement dated October 26, 2018, for Takeda Pharmaceutical Company Limited Deadline for delivery of Drawdown Notice to Lender 3 Days prior to the applicable Requested Drawdown Date.

  • If the Facility Agent determines that all required certificates and documentation in respect of the Disbursement to be provided by the Facility Agent to Ex-Im Bank in respect of the proposed Drawing have been provided, and no Drawstop Notice has been issued and not withdrawn, the Facility Agent shall issue a Drawing Certificate to the L/C Bank on the fourth Business Day prior to the Requested Drawdown Date.

  • The Facility Agent shall promptly after receipt of the Notice of Borrowing, but in no event later than four (4) Business Days prior to the Requested Drawdown Date, give the Lender notice of (i) the amount of the Disbursement and (ii) the Requested Drawdown Date for such amount.

  • The Facility Agent shall promptly, but in no event later than four Business Days prior to the Requested Drawdown Date, give the Lender notice of (i) the amount to be reimbursed to the L/C Bank and (ii) the Requested Drawdown Date for such amount.

  • If the Requested Drawdown Date is not a Business Day, the Disbursement will be made either (i) on the next Business Day or (ii) if the next Business Day occurs after the Final Disbursement Date, on the immediately preceding Business Day.

  • Revolving Credit Agreement (the “Credit Agreement”) dated as of June 22, 2010 Date of Competitive Bid Quote Request Type of Competitive Bid Loans Requested Eurodollar/Absolute Requested Drawdown Date We hereby accept the following Competitive Bid Quote(s): We hereby reject the following Competitive Bid Quote(s): The accepted and rejected Competitive Bid Quotes described above constitute all Competitive Bid Quotes submitted by the Banks in accordance with §4.5 of the Credit Agreement.

  • If a Notice of Borrowing includes a request for a Drawing on any Requested Drawdown Date, then the Facility Agent shall promptly provide a copy of such Notice of Borrowing to the L/C Bank.


More Definitions of Requested Drawdown Date

Requested Drawdown Date. [—] Principal Amount: [—] Interest Period: [—]
Sample 1
Requested Drawdown Date has the meaning given to such term in the relevant Drawdown Notice.
Sample 1
Requested Drawdown Date. Principal Amount Interest Period(s)* Maturity Date** $ Such Competitive Bid Quotes should offer a Competitive Bid Rate. Capitalized terms which are used herein without definition and which are defined in the Credit Agreement shall have the same meanings herein as in the Credit Agreement. Please respond to this invitation by no later than 10:00 a.m. (Boston time) on the requested Drawdown Date to the attention of [ ] at facsimile number [ ]. BANKBOSTON, N.A., as Agent By:___________________________________ Title: -------------------- * Up to three Interest Periods may be specified. ** Last day of Interest Period Competitive Bid Quote BankBoston, N.A., as Agent 000 Xxxxxxx Xxxxxx Xxxxxx, Xxxxxxxxxxxxx 00000 Attention:
Sample 1
Requested Drawdown Date means (i) with respect to the Equity Bridge Loan Facility and the Working Capital Facility, the date requested by the Borrower for the making of such Loan and (ii) with respect to the Tranche A Facility and the Tranche B Facility each of the dates set forth in Schedule II to the Note Purchase Agreement and Schedule III to the Credit Agreement, as applicable.
Sample 1

Related to Requested Drawdown Date

  • Drawdown Date means, in relation to an Advance, the date requested by the Borrower for the Advance to be made, or (as the context requires) the date on which the Advance is actually made;

  • Drawdown means a drawdown of a Facility.

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

  • 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.

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

  • Borrowing Date any Business Day specified by the Borrower as a date on which the Borrower requests the relevant Lenders to make Loans hereunder.

  • Utilisation Date means the date of a Utilisation, being the date on which the relevant Loan is to be made.

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

  • Drawdown Notice means a notice in the form set out in Schedule 2 (or in any other form which the Agent approves or reasonably requires);

  • Drawdown Period means the period commencing on the Execution Date and ending on the earlier of (i) 30 April 2012 and (ii) any date on which the Commitment is finally cancelled or fully drawn under the terms of this Agreement;

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

  • Tranche C Loan has the meaning specified in Section 2.01(c).

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

  • 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.

  • Facility A Commitment means, in relation to a Facility A Lender, the amount set opposite its name in column 1 of part E of schedule 1 or, as the case may be, in any relevant Transfer Certificate, as amended by any relevant term of this Agreement;

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

  • Available Commitments shall refer to the aggregate of the Lenders’ Available Commitments hereunder.

  • Available Facility Amount shall have the meaning specified in paragraph 2B(1).

  • Borrowing Tranche means specified portions of Loans outstanding as follows: (i) any Loans to which a LIBOR Rate Option applies which become subject to the same Interest Rate Option under the same Loan Request by the Borrower and which have the same Interest Period shall constitute one Borrowing Tranche, and (ii) all Loans to which a Base Rate Option applies shall constitute one Borrowing Tranche.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances Outstanding.

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

  • Term Loan Availability Period means the period starting on the Effective Date and ending on the End Date.

  • Available Commitment means a Lender’s Commitment minus:

  • Facility B Commitment means a Facility B1 Commitment or a Facility B2 Commitment.

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