Drawdown Period Sample Clauses
The Drawdown Period clause defines the specific timeframe during which a borrower is permitted to request and receive disbursements of funds under a loan agreement. Typically, this period begins on the date the loan agreement becomes effective and ends on a predetermined date or upon the occurrence of certain events, such as a default or the full utilization of the loan facility. By clearly establishing when funds can be drawn, this clause ensures both parties understand the window for accessing capital, thereby providing structure to the lending process and preventing disputes over fund availability.
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Drawdown Period. The UFSWQD may make Loan draws from July 1, 2021, through June 1, 2026 (the “Drawdown Period”).
Drawdown Period. The drawdown period of each individual credit authorization type in the Agreement shall be March 4, 2022 to March 3, 2023. Where the Contracting Party meets the terms and conditions set forth by the parties, it may draw from the credit authorization based on the method and documents agreed by the parties in the drawdown period specified in this Article after obtaining the approval of the Bank.
Drawdown Period. The drawdown period for all types of facilities hereunder shall commence from October 30th, 2009 and end on October 29th, 2010. Subject to the terms and conditions hereof, the Applicant may, within the drawdown period, apply to the Bank for approval of making a drawdown in accordance with the requirements agreed between the parties.
Drawdown Period. The Drawdown Period shall begin on the effective date herein and end on the earlier of (a) the day immediately preceding the first anniversary of the effective date, and (b) the date when the total principal amount of the Loan has been withdrawn.
Drawdown Period. If any Milestones have not been achieved by the last day of the Drawdown Period, the Facility shall be cancelled to the extent not borrowed, unless agreed otherwise in writing by Wellcome.
Drawdown Period. The Borrower shall complete all drawdown within 3 (3) months after the First Drawdown Date. Upon the expiry of such drawdown period, all undrawn facility amount shall be automatically cancelled and cannot be re-borrowed.
Drawdown Period. (a) The Drawdown Period under this Contract shall be 1 year, beginning as from December 24, 2008 and ending as of December 23, 2009.
(b) The Borrower may make drawdowns during the Drawdown Period only. Upon expiry of the Drawdown Period, the undrawn portion of the Loan Commitment Amount shall be cancelled automatically.
(c) The Drawdown Period shall not be extended without the consent of the Lender. Should the Borrower need to extend the Drawdown Period, it shall submit to the Lender a written application therefor 30 days before the expiry of the Drawdown Period. Only upon written consent of the Lender shall the Drawdown Period be extended.
Drawdown Period from the Closing Date to the Final Due Date Final due date the seventh anniversary of the Execution Date of the Financing Contract Interest rate: EURIBOR plus the Margin
Drawdown Period. Subject to the terms of this Agreement, an Advance shall be made to the Borrower at any time during the Drawdown Period when requested by means of a Drawdown Notice in accordance with this Clause 5. At the close of business on the day of the Drawdown Period the undrawn amount of each Bank's Commitment shall be automatically cancelled.
Drawdown Period. The loan shall be fully drawn by no more than four disbursements no later than 01.01.2013 as from the signing of this Loan Agreement. The Bank is entitled to terminate the undrawn portion of the loan if the loan has not been drawn at all or only in part by the contractually agreed date. If the loan is not accepted, the Bank is not entitled to charge a prepayment fee or lost profit for the non-accepted portion of the loan. This does not apply where the Bank has already refinanced the loan after entering into an agreement on conditions (fixed interest loan or fixed interest loan on EURIBOR); in this case the Borrower shall reimburse the Bank for its refinancing damage (excluding lost profit).