Drawdown Application definition

Drawdown Application means an application in the form designated by the Lender that the Borrower shall submit to the Lender in accordance with Section 5.1 when the Borrower desires to make a drawdown pursuant to this Agreement.
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Drawdown Application has the meaning given in Clause 6.1.
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Drawdown Application means the Borrower’s application to seek drawdown of the Tranche A Facility, Tranche B Facility or Tranche C Facility in accordance with Article 2, paragraph 5 of this Agreement, in the form of Attachment 2.
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Examples of Drawdown Application in a sentence

  • If the Drawdown Application that the Lender receives in accordance with the procedures provided for under this Section 5 is related to an application for a Refinancing Loan, the Lender shall promptly make the offset set forth in Section 6.2.

  • If the Borrower desires to drawdown an Individual Loan pursuant to this Agreement, the Borrower shall indicate to the Lender its intention to apply for a drawdown by submitting the Drawdown Application to the Lender by 11:00 A.M. of the second Business Day prior to the Desired Drawdown Date.

  • After the Lender receives the Drawdown Application, the Borrower may not, for any reason, cancel or change the application for a drawdown under Section 5.1.

  • If the Lender receives a Drawdown Application in accordance with Section 5 and does not give notice pursuant to Section 7.1, the Lender shall remit the Individual Loan Amount to the Borrower Account on the Desired Drawdown Date.

  • If a Drawdown Application pursuant to Section 5 is made within the period from the day (inclusive) such notice of request reaches the Borrower and ending on the day (inclusive) the response notice reaches the Lender, the Lender shall deem such Drawdown Application as a response by the Borrower that it elects to bear the Increased Costs, and the Borrower consents without objection to the same.

  • The indication of intention to apply for a drawdown pursuant to Section 5.1 shall be effective upon the Lender’s receiving the Drawdown Application.

  • The Base Loan Term to be specified in the Drawdown Application shall be a period of one (1), two (2) or three (3) month(s) (or such other shorter period as may be agreed by the Lender); provided, however, that only during the period commencing on the day (inclusive) following the day one month before the Expiration Date and ending on the Expiration Date (inclusive), the Base Loan Term may be a period less than one month, with the Expiration Date set as the Due Date of the applicable Individual Loan.

  • If any of the events described in the items below occurs, All Lenders B’s Lending Obligations B during each of the Drawdown Application Periods shall cease as a matter of course.

  • The Agent shall retain the original of the Drawdown Application on behalf of All Lenders A until the Outstanding Individual Loan A Money advanced in response to such application is fully repaid.

  • When the Agent receives a Drawdown Application from the Borrower, the Agent shall notify All Lenders A of the Borrower’s application for a drawdown and the details thereof, by sending a copy of the Drawdown Application to All Lenders A during the third (3rd) Business Day prior to the Desired Drawdown Date A.


More Definitions of Drawdown Application

Drawdown Application means an application in the form set forth in Appendix 1 attached to this Agreement.
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Drawdown Application means an application substantially in the form of Schedule 3-1 or 3-2 submitted or faxed to the Agent by the Borrower in the case where the Borrower wishes to borrow under this Agreement.
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Related to Drawdown Application

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

  • Loan Application is defined in Section 5.16(a).

  • Drawdown means any principal amount borrowed or to be borrowed (by any means) under the provisions hereof.

  • Application packet means the information, documents, and fees required by the Department for the:

  • Request for Applications (RFA) means the document (including all exhibits, attachments, and published addenda), issued by the System Agency under which applications for grant funds were requested, which is incorporated by reference in the Grant Agreement for all purposes in its entirety.