Subsequent Drawdown Date definition
Examples of Subsequent Drawdown Date in a sentence
In the case of any waiver, the Company and the Lender shall be restored to their former positions and rights hereunder and under the Note, and any Default or Event of Default waived shall be deemed to be cured and not continuing; but no such waiver shall extend to any subsequent or other Default or Event of Default, or impair any right consequent thereon.
On the first Subsequent Drawdown Date after which any particular Additional Common Share Commitment has been accepted by the Company, the drawdown in respect of such Additional Common Share Commitment shall equal the percentage of the initial Common Share Commitments drawn through such date.
On each Subsequent Drawdown Date, each Member will be required to contribute cash in an amount equal to that percentage of such Member’s Commitment as shall be fixed by Manager.
Until an assignee becomes a Substituted Member, the assignor shall remain obligated for all purposes as a Member under this Agreement, including its obligation to make its Capital Contributions on each Subsequent Drawdown Date.