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.

Collins dictionary of law. . 2001.


drawdown
The date at which the funds under a loan facility will be available for use by the borrower.
+ The making of a loan to the borrower by the lender under a loan facility agreement.
+ drawdown
USA
The date at which the funds under a loan facility will be available for the borrower's use. Drawdown may also mean the act of borrowing under a loan agreement on a particular day.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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