Drawdown Date definition

Examples of Drawdown Date in a sentence

• The Borrower irrevocably authorizes the Agent to make or cause to be made, at or about the time of the Drawdown Date of any Revolving Credit Loan or the time of receipt of any payment of principal thereof, an appropriate notation on the Agent’s Record reflecting the making of such Revolving Credit Loan or (as the case may be) the receipt of such payment.

• Each such Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Loan requested from the applicable Lenders on the proposed Drawdown Date.

• The Borrower hereby requests a [Revolving Credit Loan under §2.1][Term Loan under §2.2] of the Credit Agreement: Principal Amount (in USD): $__________ Currency: _________________________ Type (Term Benchmark, Adjusted RFR or Base Rate): __________________ (Note: Alternative Currency Loan cannot be Base Rate) Drawdown Date: Interest Period for Term Benchmark Loans: by credit to the general account of the Borrower with the Agent at the Agent’s Head Office.

• The Borrower hereby irrevocably authorizes Agent and the Lenders to make, or cause to be made, at or about the time of the Drawdown Date of any Loan or at the time of receipt of any payment thereof, an appropriate notation on Agent’s and the Lender’s records reflecting the making of such Loan or (as the case may be) the receipt of such payment.

• Each such notice shall specify with respect to the requested Loan the proposed principal amount of such Loan, whether such Loan is a Revolving Credit Loan or Term Loan, the Type of Loan (provided that all Alternative Currency Loans shall be Benchmark Loans), the Currency in which such Loan is to be made, the initial Interest Period (if applicable) for such Loan and the Drawdown Date.