drawdown

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drawdown

where the provisions of a loan agreement provide for the amount of the loan to be advanced in tranches (rather than as one single advance) the process through which this is achieved is drawdown, with the relevant provisions governing the process known as drawdown clauses.
References in periodicals archive ?
This action expands the company's Draw-Down Line of Credit Note to USD1.
He said there were still questions about the "speed" and "trajectory" of the draw-down, but added: "But nobody is really questioning that and now all the planning is within the context of the draw-down.
As part of the draw-down, US forces gave Iraqis control over the prison formerly known as Camp Cropper last week.
Indeed, after reviewing city finances in September, Moody's Investor Services and Standard & Poor's both expressed concern that reserves were "thin" after draw-downs in 2006.
By increasing the draw-down rate from 5 percent, much higher failure rates were experienced than in the original simulation.
The modified draw-down plan was recommended by a technical team assigned to review the environmental effects of the project and prepare a "Supplemental Information Report.
The spinning draw-down is defined as the ratio between the fineness (in units of tex = weight in grams per km length) of an unwound as spun fiber and the fineness of the wound fiber.
Often, the Lease gives the landlord a relatively broad draw-down right, but the terms of the "draft" required by the L/C itself to be submitted to the issuing bank as the condition to a draw may restrict draws to, e.
The note authorizes a $3 million draw-down immediately upon signing, with the balance required to be drawn down during a one-year period.
Suppliers may also be required to provide the following additional services which SE may draw-down as required.
Given the inventory draw-down we are now experiencing, as well as continued softness in key pool equipment markets, particularly Florida and Southern California, sales from the fourth quarter 2006 early buy program are now projected to be below our previous expectations and $30 to $60 million lower than the fourth quarter 2005," Hogan said.
Proceeds from the 2006 series H bonds are expected to refund a portion of CDA's draw-down bonds.