ADVANCE OF SEGMENT. (a) Subject to this Agreement, whenever Treasury NZ requests a Segment of the NZ$ Cash Advance Facility, BNZ will through its BNZ Lending Office make available that Segment to such account as may be notified to BNZ by Treasury NZ on the relevant Drawdown Date in Same Day Funds in NZ dollars.
(a) Unless otherwise agreed, a request by Treasury NZ for a Segment of the NZ$ Cash Advance Facility may be made by telephone, shall be made prior to 11:00am (Auckland time) on the date on which the Segment is to be made available (which shall be a Business Day) and shall be followed as soon as practicable by a Drawdown Notice substantially in the form of Annexure C from Treasury NZ to BNZ. Any telephone request shall contain the details required in the Drawdown Notice and shall be irrevocable.
(b) Unless otherwise agreed, the principal amount of each Segment of the NZ$ Cash Advance Facility shall be a minimum of:
(i) NZ$ 5,000,000; or
(ii) the NZ dollar equivalent (determined at the Exchange Rate as at the Drawdown Date) of the Undrawn Commitment (if less than NZ$ 5,000,000).
ADVANCE OF SEGMENT. Subject to this Agreement, whenever the Borrower requests a Segment of the Cash Advance Facility, each Participant shall make available its Share of that Segment to the Agent in immediately available funds by 11.00 am (Sydney time) on the relevant Drawdown Date for the account of the Borrower, except to the extent the Segment continues a previous Segment of the Cash Advance Facility.
ADVANCE OF SEGMENT. (a) Subject to this Agreement, whenever Treasury Europe or Treasury UK requests a Segment of the Euro Cash Advance Facility, the Lender will through its UK Lending Office make available that Segment to such account as may be notified to the Lender by Treasury Europe or Treasury UK as applicable, on the relevant Drawdown Date in Same Day Funds in Euros.
(b) Unless otherwise agreed, a request by Treasury Europe or Treasury UK for a Segment of the Euro Cash Advance Facility may be made by telephone, shall be made prior to 11:00am (Amsterdam time) on the date on which the Relevant Segment is to be made available (which shall be a Business Day) and shall be followed as soon as practicable by a Drawdown Notice substantially in the form of FACILITY AGREEMENT -------------------------------------------------------------------------------- Annexure A from Treasury Europe or Treasury UK as applicable, to the Lender. Any telephone request shall contain the details required in the Drawdown Notice and shall be irrevocable.
(c) Unless otherwise agreed, the principal amount of each Segment of the Euro Cash Advance Facility shall be a minimum of:
(i) EUR 5,000,000; or
(ii) the Euro equivalent (determined at the Exchange Rate as at the Drawdown Date) of the Undrawn Commitment (if less than EUR 5,000,000).
ADVANCE OF SEGMENT. (a) Subject to this Agreement, whenever Treasury Aust. requests a Segment of the A$ Cash Advance Facility, the Lender will make available that Segment to such account as may be notified to the Lender by Treasury Aust. on the relevant Drawdown Date in Same Day Funds in Australian Dollars.
(b) Unless otherwise agreed, a request by Treasury Aust. for a Segment of the A$ Cash Advance Facility may be made by telephone, shall be made prior to 11.00 a.m. (Melbourne time) on the date on which the FACILITY AGREEMENT -------------------------------------------------------------------------------- relevant Segment is to be made available (which shall be a Business Day) and shall be followed as soon as practicable by a Drawdown Notice substantially in the form of Annexure B from Treasury Aust. to the Lender. Any Telephone Request shall contain the details required in the Drawdown Notice and shall be irrevocable.
(c) The principal amount of each Segment of the A$ Cash Advance Facility shall be a minimum of:
(i) A$5,000,000;
(ii) the Undrawn Commitment (if less than the A$5,000,000); or
(iii) such other amount as the Lender may agree, and shall be a multiple of A$5,000,000 and shall not cause a breach of Clause 2.
ADVANCE OF SEGMENT. (a) Subject to this Agreement, whenever Treasury UK requests a Segment utilising the Sterling Advance Facility under a Drawdown Notice, the Lender will through its UK Lending Office make available that Segment to the account specified in the relevant Drawdown Notice not later than 11.00am (local time in the place of payment) on the relevant Drawdown Date in the same day funds in Sterling.
(b) The principal amount of each Segment drawn under the Sterling Advance Facility shall be a minimum of:
(i) the Equivalent Amount in Sterling of A$10,000,000 and an integral multiple of the Equivalent Amount in Sterling of A$10,000,000; or
(ii) the Undrawn Commitment, and shall not cause a breach of the limits in Clause 2.
ADVANCE OF SEGMENT. (a) Subject to this Agreement, whenever the Operator, on behalf of the Borrowers, gives a Drawdown Notice requesting a Segment of a Project Facility in accordance with clause 5.1, each Participant through its Lending Office shall make available its Share of that Segment to the Agent by 11am (Melbourne time) on the relevant Accommodation Date in Same Day Funds in US dollars.
(b) On receipt, the Agent shall pay half of each Segment to each Borrower's US dollar Proceeds Account. SYNDICATED MULTI-OPTION FACILITY AGREEMENT Allens Xxxxxx Xxxxxxxx
ADVANCE OF SEGMENT. (a) Subject to this Agreement, whenever the Operator, on behalf of the Borrowers, gives a Drawdown Notice requesting a Segment of the Working Capital Facility in accordance with clause 5.1, the Working Capital Facility Provider shall make available that Segment to the SYNDICATED MULTI-OPTION FACILITY AGREEMENT Allens Xxxxxx Xxxxxxxx Agent in immediately available funds by 11am (Melbourne time) on the relevant Accommodation Date for the account of the Borrowers.
(b) On receipt the Agent will pay half of each Segment to each Borrower's Australian dollar Proceeds Account or, if a Rollover Segment, the Agent will distribute that Segment for the account of the Working Capital Facility Provider in repayment of the maturing Segment.
ADVANCE OF SEGMENT. Subject to this Agreement, whenever the Borrower requests a Segment in a Drawdown Notice, each Participant through its Lending Office must make available its Share of that Segment to the Agent in immediately available funds by 11.00am (New York time) on the relevant Drawdown Date to the account specified in the Drawdown Notice.
ADVANCE OF SEGMENT. On the terms and subject to the conditions of this Agreement, whenever the Borrower requests a Segment under a Drawdown Notice, the Lender shall through its Lending Office make available the Segment to the Borrower's account as specified in the relevant Drawdown Notice on the relevant Drawdown Date in same day funds not later than 1.00pm New York time PROVIDED THAT the aggregate Principal Outstanding shall not exceed the Commitment.
ADVANCE OF SEGMENT. Subject to this Agreement, when the Borrower requests a Segment in a Drawdown Notice, the Lender through its Lending Office must make available the Segment to the Borrower in Same Day Funds by 11.00am (local time in the place of payment) on the relevant Drawdown Date to the account specified in the Drawdown Notice.
