Drawdown

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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.
Should e-MedSoft determine to draw down on the equity line, it will use the proceeds of the financing for capital expenditures and working capital needs.
com chairman and chief executive officer, stated: "The execution, timing, and minimum price for any draw down are completely at e-MedSoft's discretion.
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.
The shares that Paradigm may issue through draw downs will be registered under a registration statement that was filed with the Securities and Exchange Commission (SEC) on November 29, 2000.
Upon each draw down under the equity facility, Globus is required to issue warrants to Torneaux.
The terms of the initial draw down includes the purchase of 6 million shares of the company's restricted stock for $3 million, warrant coverage and additional straight equity draw downs at certain performance events.
For the initial $10M draw down, which was taken yesterday, the notes are convertible into SAVVIS common stock at $1.