Draw Date definition
Draw Date means, with respect to any Distribution Date, the second Business Day immediately preceding such Distribution Date.
Draw Date means, with respect to any Insured Distribution Date, the third Business Day immediately preceding such Insured Distribution Date.
Draw Date means with respect to any Payment Date, the third Business Day immediately preceding such Payment Date.
Examples of Draw Date in a sentence
If the Payment Date is after the Due Date, such interest shall be payable (x) as provided in the preceding sentence during the period from and including the Draw Date to and not including the Due Date, and (y) at the Prime Rate as in effect from time to time plus 2% from and including the Due Date to and not including the Payment Date; (ii) the fees payable by the Account Party at such times and in such amounts as are set forth in Section 2(i).
If the Payment Date is on or prior to the Due Date, such interest shall be payable at the Prime Rate as in effect from time to time during the period from the Draw Date to the Payment Date.
More Definitions of Draw Date
Draw Date means, in relation to each Loan, the date that such Loan is made or deemed to be made to Borrower pursuant to this Note.
Draw Date. With respect to any Distribution Date, the third Business Day immediately preceding such Distribution Date.
Draw Date means, with respect to any Payment Date, the third Business Day (as defined in the Policy) immediately preceding such Payment Date.
Draw Date has the meaning specified in Section 2(b)(i).
Draw Date means, in relation to any Loan, the Business Day on which such Loan is made, or to be made, to Borrower pursuant to the Note.
Draw Date means the date of any Draw.
Draw Date means, with respect to any Distribution Date, the fourth Business Day (as defined in the Note Policy) immediately preceding such Distribution Date.