Perhaps the best way to test the validity of a Monte Carlo simulation is to prepare a 30-year simulation using an initial draw-down
rate increased each year by a rate to keep pace with inflation--5 percent initial draw-down
on the portfolio with a 3.
Fibers with draw-down
less than 100 show a yield point and the stress drops after the yield.
Accordingly, landlords should look carefully at the draw-down
rights under both the Lease and the letter of credit itself.
SE reserves the right to source any draw-down
services at its discretion either through this contract, competitively or through other existing framework agreements.
Hogan stated: "We believe the expected inventory draw-downs
are short-term, and that the pool equipment business remains attractive long-term.
Maturity date is the earlier of 30 June 2014 or the first draw-down
under a project financing/equity funding of the Project;
Bottom-hole pressure recorders will be run in the well and will record reservoir draw-down
and build-up pressures once a stabilized production rate is achieved.
As part of the terms of a definitive agreement announced by both companies last week, CLX has made the first payment of a $350,000 draw-down
line of credit provided to ActionView according to a pre-approved schedule.
Hollinger has further agreed to pay the parties who have committed to purchase the additional Second Priority Notes a commitment fee of 1% of the principal amount of Second Priority Notes committed to be purchased and a draw-down
fee (which draw-down
fee is payable if, and only if, the Common Share Approvals have been obtained on or prior to March 31, 2005 and Hollinger draws down on the commitments) of 1.
Videolocity will have full control over the timing of any draw-down
and is under no obligation to execute any draw-downs
under the equity line.
Elizabeth McMahon, Horizon Managing Partner, said, "We chose Tempest Asset as a partner because of the strong background of the principals and Tempest's track record of delivering better-than-average yields with unusually low draw-down
This decision has accelerated the drilling schedule, and therefore the Board of Directors has decided to draw-down
short-term loans to fund this more rapid development.