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 ?
Further draw downs on reserve levels may lead to credit deterioration.
Under the terms of the private equity financing facility with Crossover, the Company has the option to obtain a maximum of $14,000,000 USD by issuing shares of its common stock in a series of periodic draw downs of funds.
After three weeks of relatively small natural gas storage draw downs, last week's cold weather produced withdrawals much higher than the five-year average, according to the gas models of C.
The GUERNSEY models estimate draw downs of gas storage levels by 12 bcf in the West and three bcf in the producing region as a worst-case scenario.
will have the right, but not the obligation, to obtain the financing through the issuance of common stock to the investor in a series of periodic draw downs at a discount to the market price at the time of the sale.
Under the 36-month agreement, GTC Telecom will have the right, but not the obligation, to obtain the financing through the issuance of common stock to the investor in a series of periodic draw downs at a discount to the market price at the time of the sale.
Under the two-year agreement, Computer Motion has the right to obtain up to $12 million through the issuance of additional common stock to Societe Generale via a series of periodic draw downs.
Under the three-year agreement, e-MedSoft will have the right, but not the obligation, to obtain as much as $50 million through the issuance of common stock to the investor in a series of periodic draw downs.
Under the terms of the agreement, Milinx has the right but not the obligation to obtain as much as $30 million through the issuance of its common shares and warrants in a series of draw downs over a three-year period.
According to the terms of the facility, Calypte would have the right, but not the obligation, to obtain as much as $25 million through the issuance of common stock to the fund in a series of draw downs over a twelve-month period.