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 ?
Higher than average rates apply to new draw-downs by SMEs engaged in the agriculture and wholesale/retail; sectors that typically secure the largest shares of new lending.
The cost of tapping rainy-day funds, over time, likely would exceed the amount of the draw-down.
A model is introduced explaining the rubber elastic behavior of sPP fibers with high draw-downs.
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.
Videolocity has the right, but not the obligation to draw up to $20 million through the issuance of common stock in a series of draw-downs over a twenty-four month period.
The revision in Rating Outlook to Negative from Stable primarily reflects the county's projected third year of general fund balance draw-downs, despite substantial property tax increases and in the face of escalating state-mandated and health insurance expenses, comprising nearly 90% of the county's $254.