Drawdownvillkor
Drawdownvillkor is a term used in finance to describe the contractual conditions that govern the drawdown of funds from a credit facility or an investment vehicle. The term encompasses the rules for when funds may be drawn, how much may be drawn at each draw, and what conditions must be satisfied before disbursement or capital calls occur. In practice, drawdownvillkor set out the obligations of the borrower or investors and the lender or fund manager, providing a framework for timely and orderly funding.
In loan facilities, drawdownvillkor typically cover:
- Conditions precedent: covenants, financial statements, security interests, and other requirements that must be satisfied before a
- Notice and timing: the notice period required for a drawdown request and the window within which
- Amounts and frequency: minimum and maximum drawdown amounts, and how often funds can be drawn.
- Use of funds: permitted purposes and any restrictions on use.
- Pricing and fees: interest during drawdown, commitment or facility fees.
- Covenants and events of default: ongoing obligations and triggers that may suspend further drawdowns.
- Remedies for failure to fund: consequences if a party does not provide required funds.
In investment funds, such as private equity or real estate vehicles, drawdownvillkor outline capital call procedures,
Overall, drawdownvillkor help ensure predictable funding flows, align expectations, and manage risk for both lenders and