Despite the obvious attractions of draw down
, it is not a replacement for annuity purchase because the level of income depends on the underlying value of a specificindividual's investment pot which may itself vary in value.
The revision reflects the impacts of the soft pool equipment market and resulting distributor inventory adjustments, as pool equipment customers draw down
existing inventories, on the performance of the Company's Pool & Spa business.
While PMI remains in a strong financial position with $30 million in cash at the end of August 2012, the standby funding facility gives the Company additional flexibility, if required, to draw down
on the additional funding to undertake key pre-development activities including engineering design, environmental studies and other statutory approvals.
The maximum term is four years from the date of draw down
, with interest and capital repayment starting nine months after draw down
Accordingly, 650,000 warrants will vest once a Committed Term Sheet has been accepted by Jinshan and a further 650,000 warrants will vest once Jinshan commences draw down
of the loan facility.
The SEDA allows Vena to draw on YA Global's commitment by submitting draw down
notices from time to time.
5% of Santarus' market capitalization at the time of the draw down
of such tranche, subject to certain conditions.
Azimuth) for gross proceeds of C$5 million pursuant to the exercise of a draw down
under the terms of its equity draw down
TORONTO -- Crystallex International Corporation (TSX:KRY)(AMEX:KRY) announced today that it has delivered a draw down
notice to Azimuth Opportunity, Ltd.