Define: Drawing Power
Drawing Power means the borrower's ability to periodically withdraw funds, not exceeding the value of the [security], less the [margin].
Drawing Power means the borrower's ability to periodically withdraw funds, not exceeding the value of the [security], less the [margin].
Relevant Circumstances
- When a borrower has a revolving facility limited by collateral value
- If margin requirements reduce the available drawing power
- Where periodic revaluation of security adjusts drawing limits