Common use of Advances, Generally Clause in Contracts

Advances, Generally. (a) A Drawdown Notice (or notice purporting to be such) shall only be effective if it complies with this Agreement and only upon actual receipt by the Facility Agent and, once given, shall be irrevocable. (b) As soon as practicable after receipt of each Drawdown Notice complying with this Agreement the Facility Agent shall notify each Bank of such receipt and of the date on which the proposed Advance is to be made and of the relevant Interest Period or, as the case may be, the relevant Maturity Period and each Bank shall on such Drawdown Date or, the case may be, on the first day of the relevant Interest Period participate in such Advance by making available to the Facility Agent its portion of such Advance in accordance with clause 8.2.

Advances, Generally. (a) A Drawdown Notice (or notice purporting to be such) shall only be effective if it complies with this Agreement and only upon actual receipt by the Facility Agent and, once given, shall be irrevocable. (b) As soon as practicable after receipt of each Drawdown Notice complying with this Agreement the Facility Agent shall notify each Bank of such receipt and of the date on which the proposed Advance is to be made and of the relevant Interest Period or, as the case may be, the relevant Maturity Period and each Bank shall on such Drawdown Date or, the case may be, on the first day of the relevant Interest Period participate in such Advance by making available to the Facility Agent its portion of such Advance in accordance with clause 8.28.2 (Payments by the Banks).