#Define drawdown plus#

Maximum Loan Rate With respect to each Mortgage Loan, the percentage set forth in the related Mortgage Note as the maximum Loan Rate thereunder. Maximum Credit means the amount of $25,000,000. Tranche B Advance means an advance (as from time to time reduced by repayment in accordance with the terms hereof or the Common Terms Agreement) made or to be made by the Tranche B Facility Lenders under the Tranche B Facility.īorrowing Limit has the meaning set forth in Section 1.02. Maximum Revolving Loan Amount has the meaning assigned to that term in subsection 2.1(B).Īvailable Facility Amount shall have the meaning specified in paragraph 2B(1). Maximum Loan Amount means the aggregate of:ĭrawdown Period means the period commencing on the Execution Date and ending on the earlier of (i) 30 April 2012 and (ii) any date on which the Commitment is finally cancelled or fully drawn under the terms of this Agreement

#Define drawdown plus#

Maximum Revolving Advance Amount means $40,000,000, plus any increases in accordance with Section 2.24. Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

References to the unused portion of the Facility Limit shall mean, at any time of determination, an amount equal to (x) the Facility Limit at such time, minus (y) the sum of the Aggregate Capital plus the LC Participation Amount. Maximum Advance Amount shall be Two Hundred Fifty Thousand Dollars ($250,000) per Advance Notice.įacility Limit means $100,000,000 as reduced or increased from time to time pursuant to Section 2.02(e) or 2.02(h), as applicable. Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000 provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.ĭrawdown means any Advance which results in an increase in the Outstanding Principal.įacility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances outstanding. Loan Limit means, at any time, the lesser of (a) the Total Commitment at such time and (b) the Borrowing Base at such time (including as it may be reduced pursuant to Section 2.14(h)).

The amount that you are able to drawdown under the Secured Share Overdraft Facility from time to time is known as the Drawdown Limit.īe responsible for ensuring that an adequate system of monitoring financial performance is in place to enable the CCG to fulfil its statutory responsibility not to exceed its Annual Revenue and Capital Resource Limits (where applicable), as well as it Annual Cash Drawdown Limit.ĭrawdown Limit per Budget Line Item Once HUD has approved the budget and spread funds in LOCCS, the Lead Grantee may draw down Choice Neighborhoods Grant funds for a Budget Line Item (BLI) in an amount up to 100 percent of the amount of that BLI that HUD has approved and made available for drawdown.ĭrawdown Date means, in relation to an Advance, the date requested by the Borrower for the Advance to be made, or (as the context requires) the date on which the Advance is actually made Drawdown (a reduction in value relative to the previous highest valuation) is monitored daily and a relationship with a Trading Advisor would be immediately terminated if their Risk- Adjusted Drawdown Limit was breached.ĭrawdown Limit per Budget Line Item Once HUD has approved the budget and spread funds in LOCCS, the Lead Grantee may draw down Choice Neighborhoods Grant funds for a Budget Line Item (BLI) up to the amount of that BLI that HUD has approved and made available for drawdown.