Tank drawdown definition

Tank drawdown means any material or mixture of materials discharged from a product tank, feed tank, or intermediate tank for the purpose of removing water or other contaminants from the tank.

Related to Tank drawdown

  • Drawdown means a drawdown of a Facility.

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

  • Notice of Drawdown means a notice substantially in the form set out in Schedule 4 (Notice of Drawdown).

  • 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.

  • 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.

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

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

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

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

  • 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;

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

  • Tranche B Facility means the aggregate of the Tranche B Commitments.

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

  • Utilisation means a utilisation of the Facility.

  • Equipment Advance is defined in Section 2.1.1.

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

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

  • 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);

  • 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.

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

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

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

  • 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;

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • 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.

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