VFN Draw definition

VFN Draw. For any Interim Payment Date or Payment Date, the amount to be borrowed on such date in relation to any VFNs pursuant to Section 4.3(b).
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VFN Draw. For any Funding Date, the amount to be borrowed on such date in relation to any VFNs pursuant to Section 4.3(b).
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Examples of VFN Draw in a sentence

  • If any VFN Noteholder does not fund its share of a requested VFN Draw, one or more other VFN Noteholders may fund all or a portion of such draw, but no other VFN Noteholder shall have any obligation to do so.

  • The Issuer shall use the proceeds of the initial VFN Draw under the Series 2018-VF1 Notes to defease and redeem the Existing Indenture and acquire the trust estate thereunder.

  • If any VFN Noteholder in respect of a Series does not fund its share of a requested VFN Draw, one or more other VFN Noteholders of such Series may fund all or a portion of such draw, but no other VFN Noteholder shall have any obligation to do so.

  • The Issuer shall use the proceeds of the initial VFN Draw under the Series 2019-VF1 Notes to redeem in whole, terminate and cause the retirement of the Series 2018-VF1 Notes in accordance with Section 7(h) of the 2018-VF1 Indenture Supplement.

  • In addition, each of the Ditech Parties specifically acknowledges and agrees that, notwithstanding anything to the contrary in the Warehouse Facility Agreements, each of the Administrative Agent, CS Buyers and CS New York has no obligation to, and does not intend to, enter into any Transaction (as defined in the Repo Transaction Documents) after February 8, 2019 or fund any VFN Draw (as defined in the DAAT Indenture and the DPAT II Indenture, as applicable) on or after February 8, 2019.

  • The Issuer shall use the proceeds of the initial VFN Draw under the Series 2019-VF1 Notes to redeem in whole, terminate and cause the retirement of the Series 2018-VF1 Notes in accordance with Section 7(i) of the 2018-VF1 Indenture Supplement.

Related to VFN Draw

  • Non-Extension Drawing has the meaning specified in Section 3.5(d).

  • Downgrade Drawing has the meaning assigned to such term in Section 3.6(c).

  • First draw sample means a one−liter sample of tap water that has been standing in plumbing pipes at least 6 hours and is collected without flushing the tap.

  • Interest Drawing has the meaning assigned to such term in Section 3.6(a).

  • Final Drawing has the meaning specified in Section 3.05(i).

  • L/C Draft means a draft drawn on an Issuing Bank pursuant to a Letter of Credit.

  • Construction Drawings means those drawings containing the technical details associated with the design, construction and installation of the Infrastructure;

  • Draw Request Any request by the Borrower, pursuant to Section 2.2 of this Agreement, for a disbursement of any portion of the proceeds of the Loan.

  • Special Drawing Rights and the symbol “SDR” mean special drawing rights as valued by the International Monetary Fund in accordance with its Articles of Agreement”;

  • Delayed Draw Commitment as defined in the Second Amended and Restated Credit Agreement.

  • Drawing means the drawing or drawings specified in or annexed to the Specifications;

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • Record drawing or “as-builts” means a set of reproducible drawings which show significant changes in the work made during construction and which are usually based on drawings marked up in the field and other data furnished by the contractor.

  • Exiting Lender see Section 2.17.7.

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

  • Shop Drawing means any and all drawings, diagrams, layouts, explanations, illustrations, manufacturer's drawings or other written or graphic materials which illustrate any portion of the construction work.

  • Funding Lender means Citibank N.A., a national banking association, and any successor under this Funding Loan Agreement and the Borrower Loan Documents.

  • Letter of Credit Disbursement means a payment made by Issuing Bank pursuant to a Letter of Credit.

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

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

  • Impacted Lender means a Defaulting Lender or a Lender as to which (a) the L/C Issuer or the Administrative Agent has a good faith belief that the Lender has defaulted in fulfilling its obligations under one or more other syndicated credit facilities or (b) an entity that Controls the Lender has been deemed insolvent or become subject to a bankruptcy or other similar proceeding.

  • Non-Funding Lender has the meaning ascribed to it in Section 9.9(a)(ii).

  • Disbursement Request means a disbursement request from the Borrower to the Administrative Agent and the Collateral Agent in the form attached hereto as Exhibit C in connection with a disbursement request from the Unfunded Exposure Account in accordance with Section 2.04(d) or a disbursement request from the Principal Collection Subaccount in accordance with Section 2.18, as applicable.

  • L/C Disbursement means a payment or disbursement made by an Issuing Bank pursuant to a Letter of Credit.

  • Pro-Rata Borrowing has the meaning assigned to such term in Section 2.03(a).