Drawdown

(redirected from Draw Downs)
Also found in: Dictionary, Legal, Encyclopedia.

Drawdown

The state in which the borrower obtains some of the project financing, usually progressively according to construction expenditures plus IDC.

Drawdown

1. In construction, a situation in which a company receives part of the funding necessary to complete a project. The company may receive the funding gradually over the course of the project. See also: IDC.

2. The gradual decline in the price of a security or other investment between its high and low over a given period. See also: Bear market.
References in periodicals archive ?
For November, typically the first month of the heating season, the average draw down of storage levels has averaged 155 bcf for the past five years as reported by the American Gas Association.
Such statements are subject to substantial risks and uncertainties, including (i) the risk that low dollar trading volume in the company's stock during the three year draw down period will affect the size of individual and aggregate draw downs; (ii) the risk that a drop in the price of the company's common stock and its need for additional financing might compel it to engage in highly dilutive draw downs; (iii) the risk that the company is unable to meet particular conditions for draw downs, including, without limitation, the registration of the stock to be sold in a draw down and shareholder approval for certain levels of dilution.
The purchase agreement limits the size of each draw down based on the dollar trading volume of the company's common stock for the 60 trading days preceding the draw down period.
Statements in this press release that are not historical facts are forward-looking statements, including statements regarding the amount of funds that we may draw down and the number of shares of Common Stock that we may issue under the equity line of credit facility and the timing of effectiveness of the registration statement we are filing with the U.
From time to time at ICOA's sole discretion, the Company may present Cornell Capital with a draw down notice, which would require them to purchase shares at a 2% discount to the lowest daily Volume Weighted Average Price ("VWAP") of ICOA, Inc.
There are no minimum requirements on the draw downs in the SEDA agreement.
Using a natural gas model to estimate the changing storage injections and draw downs, the economists determined the increase in the draw down levels because of the cold weather in key cities.
Proceeds from any draw downs under the equity line of credit will be used to accelerate the global availability and commercialization of The Female Condom which would contribute to the control of HIV/AIDS.
The decision to draw down any funds and the timing and amount for any such draw is at the Company's discretion, subject to the satisfaction of certain conditions.
Certain conditions precedent exist for draw downs, depending on the amount of the loan being incurred to finance an acquisition.
dba Tempest Asset Management, was founded as a source for well-informed investors who are seeking solid returns on their investments with minimal draw downs.
For the initial $10M draw down, which was taken yesterday, the notes are convertible into SAVVIS common stock at $1.