Drawdowns definition

Drawdowns means the Capital Contributions made to the Partnership pursuant to Section 5.1 from time to time by the Partners pursuant to Drawdown Notices.

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Drawdowns under the “Bridge Loan” are only permissible if in addition to the preconditions set forth in Annex 4a (“General Preconditions for Drawdown”) and in Annex 4b (“Special Preconditions for each Drawdown”):

Drawdowns means, where the context may require, all Drawdowns, collectively.

Examples of Drawdowns in a sentence

Each Lender hereby authorizes and directs the Administrative Agent to coordinate and implement the sharing of collateral contemplated by this Section 12.3 prior to the distribution of proceeds from Drawdowns or proceeds from the exercise of remedies under the Collateral Documents prior to making any distributions of such proceeds to each Lender or the Administrative Agent, in their respective capacity as the Lenders.
All Cash Collateral shall be funded by the proceeds of Drawdowns, and not from any other source.
In the event that the Administrative Agent or the Required Lenders elect to commence the exercise of remedies pursuant to Section 10.2 or 10.3 as a result of the occurrence of any Event of Default, the Credit Parties agree to cooperate in good faith with the Administrative Agent to enable the Administrative Agent to issue Drawdowns and enforce the payment thereof by the Investors, including, but not limited to, providing contact information for each Investor within two (2) Business Days of request.
In order to secure further the payment and the performance of the Obligations and to effect and facilitate the right of the Secured Parties, each Borrower shall (and cause the applicable Feeder to) require that each of its Investors (including any Specified Investor) wire transfer to such Borrower’s Collateral Account all monies or sums paid or to be paid by such Investors (including any Specified Investor) pursuant to Drawdowns.
Other than in accordance with this Section 10.2(c), after an Event of Default has occurred and continues, the Credit Parties shall be authorized to issue Drawdowns only with the consent of the Administrative Agent in its sole discretion.

More Definitions of Drawdowns

Drawdowns will be made in a maximum amount of 56.72 % of the respective net invoice amount, which is in excess of EUR 22,000,000. “Drawdowns” under the “Term Loan” are made in amounts of at least EUR 3,000,000 except for the last “Drawdown”. There will be a maximum of twelve “Drawdowns”.

Drawdowns means: (a) Drawdown 1 (Initial Scope); (b) where applicable, Drawdown 2 (Initial Scope); (c) where applicable, Drawdown 3 (Initial Scope); (d) where applicable, Drawdown 4 (Initial Scope); (e) Drawdown 1 (Deferred Scope); (f) where applicable, Drawdown 2 (Deferred Scope); (g) where applicable, Drawdown 3 (Deferred Scope); and where applicable, Drawdown 4 (Deferred Scope), and '"Drawdown" shall mean any one of them; "Effective Date" the date on which the final Party has signed the Contract;

Drawdowns are made in the amount of a maximum of 20.5% of the respective net invoice amount.

Drawdowns means: (a) Drawdown 1 (Initial Scope); and (b) Drawdown 1 (Deferred Scope); and '"Drawdown" shall mean any one of them; "Effective Date" the date on which the final Party has signed the Contract;

Drawdowns means the Capital Contributions provided for in Section 5.1 and pursuant to the procedures set forth in Section 5.2 from time to time by the Members pursuant to Drawdown Notices.

Drawdowns. On the Closing Date, the Company shall draw down the entire $100,000,000 principal amount of the Initial Loan.

Drawdowns means the Capital Contributions made or to be made to the Fund pursuant to Section 5.2 or 10.2(b) from time to time by the Partners pursuant to a Drawdown Notice.

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