Common use of Advance of Drawings Clause in Contracts

Advance of Drawings. Each Drawing shall be advanced in the Base Currency. Each Drawing shall be advanced on a Business Day, provided that the Borrower shall have given to the Agent not more than ten and not fewer than three Business Days' notice in writing materially in the form set out in Schedule 4 of the required Advance Date of the Drawing in question and provided that the requested Drawing would not cause a breach of Clause 2.5. Each Drawdown Notice once given shall be irrevocable and shall constitute a warranty by the Borrower that:-

Appears in 3 contracts

Samples: Facility Agreement (Gulfmark Offshore Inc), Loan Facility Agreement (Gulfmark Offshore Inc), Gulfmark Offshore Inc

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Advance of Drawings. Each Drawing shall be advanced in the Base Currency. Each Drawing shall be advanced Dollars on a Business Day, provided that the Borrower shall have given to the Agent not more than ten and not fewer than three Business Days' notice in writing materially in the form set out in Schedule 4 Appendix A (such notice a “Drawdown Notice”) of the required Advance Date of the Drawing in question and provided that the requested Drawing would not cause a breach of Clause 2.5question. Each Drawdown Notice once given shall be irrevocable and shall constitute a warranty by the Borrower that:-

Appears in 2 contracts

Samples: Agreement (Usg Corp), Agreement (Usg Corp)

Advance of Drawings. Each Drawing shall be advanced in the Base CurrencyDollars. Each Drawing shall be advanced on a Business Day, provided that the Borrower Borrowers shall have given to the Agent not more than ten and not fewer than three four Business Days' notice in writing materially in the form set out in Schedule 4 5 of the required Advance Date of the Drawing in question and provided that the requested Drawing would not cause a breach of Clause 2.5. Each Drawdown Notice once given shall be irrevocable and shall constitute a warranty by the Borrower Borrowers that:-

Appears in 2 contracts

Samples: www.lw.com, Agreement (Teekay LNG Partners L.P.)

Advance of Drawings. Each Drawing shall be advanced in the Base Currency. Each Drawing shall be advanced on a Business Day, provided that the Borrower shall have given to the Agent not more than ten and not fewer than three Business Days' notice in writing materially in the form set out in Schedule 4 of the required Advance Date of the Drawing in question and provided that the requested Drawing would not cause a breach of Clause 2.5. Each Drawdown Notice once given shall be irrevocable and shall constitute a warranty by the Borrower that:-

Appears in 2 contracts

Samples: First Supplemental Agreement (Gulfmark Offshore Inc), Gulfmark Offshore Inc

Advance of Drawings. Each Drawing shall be advanced in the Base CurrencyDollars, or in any other Permitted Currency selected in accordance with Clause 5.1. Each Drawing shall be advanced on a Business Day, provided that the Borrower shall have given to the Agent not more than ten and not fewer than three Business Days' notice in writing materially in the form set out in Schedule 4 Appendix A of the required Advance Date of the Drawing in question and provided that the requested Drawing would not cause a breach of Clause 2.5question. Each Drawdown Notice once given shall be irrevocable and shall constitute a warranty by the Borrower that:-

Appears in 1 contract

Samples: Loan Facility Agreement (Stolt Offshore S A)

Advance of Drawings. Each Drawing shall be advanced in the Base CurrencyDollars. Each Drawing shall be advanced on a Business Day, provided that the Borrower Borrowers shall have given to the Agent not more than ten and not fewer than three Business Days' notice in writing materially in the form set out in Schedule 4 5 of the required Advance Date of the Drawing in question and provided that the requested Drawing would not cause a breach of Clause 2.5. Each Drawdown Notice once given shall be irrevocable and shall constitute a warranty by the Borrower Borrowers that:-

Appears in 1 contract

Samples: Loan Facility Agreement (Teekay Shipping Corp)

Advance of Drawings. Each Drawing shall be advanced in the Base CurrencyDollars, or in any other Permitted Currency selected in accordance with Clause 5.1. Each Drawing shall be advanced on a Business Day, provided that the Borrower shall have given to the Agent not more than ten and not fewer than three Business Days' notice in writing materially in the form set out in Schedule 4 Appendix A of the required Advance Date of the Drawing in question and provided that the requested Drawing would not cause a breach of Clause 2.5question. Each Drawdown Notice once given shall be irrevocable and shall constitute a warranty by the Borrower that:-

Appears in 1 contract

Samples: Stolt Comex (Stolt Offshore S A)

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Advance of Drawings. Each Drawing shall be advanced in the Base CurrencyDollars. Each Drawing shall be advanced on a Business Day, provided that the Borrower shall have given to the Agent not more than ten and not fewer than three four Business Days' notice in writing materially in the form set out in Schedule 4 5 of the required Advance Date of the Drawing in question and provided that the requested Drawing would not cause a breach of Clause 2.5. Each Drawdown Notice once given shall be irrevocable and shall constitute a warranty by the Borrower that:-

Appears in 1 contract

Samples: Loan Facility Agreement (Teekay Shipping Corp)

Advance of Drawings. Each Drawing shall be advanced in the Base Currency. Each Drawing shall be advanced on a Business Day, provided that the Borrower shall have given to the Agent not more than ten and not fewer than three Business Days' notice in writing materially in the form set out in Schedule 4 of the required Advance Date of the Drawing in question and provided that the requested Drawing would not cause a breach of Clause 2.5. Each Drawdown Notice once given shall be irrevocable and shall constitute a warranty by the Borrower that:-that:¬

Appears in 1 contract

Samples: Gulfmark Offshore Inc

Advance of Drawings. Each Drawing shall be advanced in the Base Currency. Each Drawing shall be advanced Dollars on a Business Day, provided that the Borrower Borrowers shall have given to the Agent not more than ten and not fewer than three Business Days' notice in writing materially in the form set out in Schedule 4 Appendix A of the required Advance Date of the Drawing in question and provided that the requested Drawing would not cause a breach of Clause 2.5question. Each Drawdown Notice once given shall be irrevocable and shall constitute a warranty by the Borrower Borrowers that:-

Appears in 1 contract

Samples: Loan Agreement (Mc Shipping Inc)

Advance of Drawings. Each Drawing shall be advanced in the Base Currency. Each Drawing shall be advanced on a Business Day, provided that the Borrower shall have given to the Agent not more than ten and not fewer than three five Business Days' notice in writing materially in the form set out in Schedule 4 of the required Advance Date of the Drawing in question and provided that the requested Drawing would not cause a breach of Clause 2.5. Each Drawdown Notice once given shall be irrevocable and shall constitute a warranty by the Borrower that:-

Appears in 1 contract

Samples: Loan Facility Agreement (Gulfmark Offshore Inc)

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