Asia Society Policy Institute

The point in time when developers or contractors are entitled to drawdown on the loan. This will usually require that all finance documents have been signed and all conditions precedent to the initial drawing of the loan have been delivered to, or waived by, the financier.

Adapted from Equator Principles Association (EPA), "The Equator Principles 4," 2020, View the PDF; Thomson Reuters Practical Law, “Financial Close,” accessed in 2022, View the Website.