Completion of Drawdown Requests Sample Clauses

Completion of Drawdown Requests. A Drawdown Request for an Interim Loan will not be regarded as having been duly completed unless: (a) in the case of an Interim Term Facility Loan: (i) the Drawdown Date is a Business Day within the Certain Funds Period; and (ii) the amount of the Interim Term Facility Loan does not exceed the Total Interim Commitments in respect of that Interim Term Facility; (b) in the case of an Interim Revolving Facility Loan: (i) the Drawdown Date is a Business Day within the Interim Revolving Facility Availability Period; and (ii) the Base Currency Amount of the Interim Revolving Facility Loan requested (when aggregated with the Base Currency Amount of any other Interim Revolving Facility Utilisations made or due to be made on or before the proposed Drawdown Date but excluding any part of any Interim Revolving Facility Utilisation prepaid or due to be prepaid on or before the proposed Drawdown Date) does not exceed the Total Interim Revolving Facility Commitments; and (c) the currency of the Interim Loan complies with paragraph (e) of Clause 6.3 (Advance of Interim Loans) and the proposed Interest Period complies with paragraph (b) of Clause 8.2 (Payment of interest).
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Completion of Drawdown Requests. A Drawdown Request for an Interim Loan will not be regarded as having been duly completed unless: (a) the Drawdown Date is a Business Day within the Certain Funds Period; (b) the amount of the Interim Loan requested (when aggregated with each other Interim Loan made or due to be made on or before the proposed Drawdown Date) does not exceed the Total Interim Commitments; and (c) the currency of the Interim Loan complies with paragraph (d) of Clause 6.3 (Advance of Interim Loans) and the proposed Interest Period complies with paragraph (b) of Clause 8.2 (Payment of interest).
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Completion of Drawdown Requests. A Drawdown Request will not be regarded as having been duly completed unless: (a) it identifies the Advance Loan or Facility the Drawdown Request applies to; (b) it identifies the applicable Scheduled Drawdown Date (provided, however, that no Loan or utilization of the Advanced Loan shall be made available to the Borrower on a Friday or on an Index Determination Date); (c) it specifies the purpose of such Loan (which must be permitted by Clause 3 (Purpose) and which must be categorised into one of the purposes set out in the form of the Drawdown Request set out in Schedule 7 (Form of Drawdown Request); (d) the amount of the requested Loan shall be in the amount provided for such Loan in the Drawdown Schedule, provided however that the amount of the last Loan prior to Construction Completion shall be reduced by any amount standing to the credit of any Account, unless such credit serves to pay any Construction Period Cost approved by the Agent and in no event shall exceed the aggregate amount of the Commitments under the respective Facility, in accordance with the provisions of Clause 2.1 (The Facilities); Final-January 2nd, 2011 (e) the Senior Lenders’ Technical Advisor has approved the matters subject to his approval as set out in Schedule 7 (Form of Drawdown Request), and a copy of such approval in the requisite form shall be attached thereto; (f) the Agent has approved that the Equity to Loan Ratio has been met; and (g) all conditions precedent to the making of the Loan, as referred to in Clause 4.2 (Further Conditions Precedent), as applicable, shall be fully satisfied or waived, as of the relevant Scheduled Drawdown Date.
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Completion of Drawdown Requests. A Drawdown Request for an Interim Loan will not be regarded as having been duly completed unless: (a) the Drawdown Date is a Business Day within the Certain Funds Period (or, in respect of the Increased Interim Commitments, prior to the Final Repayment Date); and (b) the amount of any Interim Loan requested does not exceed the aggregate Interim Commitments; (c) the proposed Interest Period complies with paragraph (b) of Clause 9.2; and (d) only in respect of any portion of an Interim Loan to be applied towards the consideration payable for any Target Shares pursuant to the Acquisition if (and only if) consummated by way of an Offer and in respect of which (assuming the relevant drawdown has been made and relevant Target Shares acquired) the Company cannot initiate the Squeeze Out Procedure, the Company (notwithstanding any other terms of the Commitment Documents and/or the Interim Documents) confirms in the Drawdown Request or otherwise on or prior to the relevant Drawdown Date, that the Maximum Facility Utilisation Condition will be met immediately following the drawdown and pro forma for the acquisition of the relevant Target Shares to be acquired in connection with that drawdown (and, for the avoidance of doubt, this paragraph shall not limit any portion of an Interim Loan to be applied towards any purpose other than the consideration payable for any Target Shares).
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Completion of Drawdown Requests. A Drawdown Request for a Loan will not be regarded as having been duly completed unless: (a) the Drawdown Date is a Business Day falling on or before the Final Maturity Date; (b) the amount of the Loan requested is: (i) a minimum of SEK 50,000,000 and an integral multiple of SEK 10,000,000; or (ii) the maximum undrawn amount available under this Agreement for Loans on the proposed Drawdown Date; or (iii) such other amount as the Facility Agent may agree.
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Completion of Drawdown Requests. A Drawdown Request will not be regarded as having been duly completed unless:- (a) it identifies the Project to which the Advance relates and whether the Advance is to be a Tranche C Advance or a Tranche D Advance; (b) the Drawdown Date is a Business Day falling on or before the last day of the Commitment Period; (c) the amount of the Advance is: (i) at least US$100,000 (or its equivalent in accordance with Clause 11 (Amount of Available Currencies)); or (ii) the maximum undrawn amount available under the Facility on the proposed Drawdown Date; or (iii) such other amount as the Bank may agree in writing; and (d) each Drawdown Request must specify one Advance only, but the Borrower may, subject to the other terms of this Agreement, deliver more than one Drawdown Request on any one day;
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Related to Completion of Drawdown Requests

  • Completion of a Utilisation Request (a) Each Utilisation Request is irrevocable and will not be regarded as having been duly completed unless: (i) the proposed Utilisation Date is a Business Day within the Availability Period; (ii) the currency and amount of the Utilisation comply with Clause 5.3 (Currency and amount); and (iii) the proposed Interest Period complies with Clause 9 (Interest Periods). (b) Only one Loan may be requested in each Utilisation Request.

  • Delivery of a Utilisation Request The Borrower may utilise the Facility by delivery to the Agent of a duly completed Utilisation Request not later than the Specified Time.

  • Suspension of drawdown If the Agent’s notice under Clause 5.8 is served before an Advance is made: (a) in a case falling within Clauses 5.7(a) or 5.7(b), the Lenders’ obligations to make the Advance; and (b) in a case falling within Clause 5.7(c), the Affected Lender’s obligation to participate in the Advance, shall be suspended while the circumstances referred to in the Agent’s notice continue.

  • Drawdown Subject to the terms and conditions of this Agreement, each Advance shall be made to the Borrowers following receipt by the Agent from the Borrowers of a Drawdown Notice not later than 10:00 a.m. on the third Banking Day before the date, which shall be a Banking Day falling within the Drawdown Period for such Advance, on which the Borrowers propose such Advance is made. A Drawdown Notice shall be effective on actual receipt by the Agent and, once given, shall, subject as provided in clause 3.6.1, be irrevocable.

  • Drawdown Notice At any time during the Commitment Period, the Company may request the Investor to purchase shares of Common Stock by delivering a Drawdown Notice to the Investor, subject to the conditions set forth in Section 7.2; provided, however, the amount for each Advance as designated by the Company in the applicable Drawdown Notice shall not be more than the Maximum Advance Amount and the aggregate amount of the Advances pursuant to this Agreement shall not exceed the Commitment Amount. The Company acknowledges that the Investor may sell shares of the Company’s Common Stock corresponding with a particular Drawdown Notice after the Drawdown Notice is received by the Investor. There shall be a minimum of five (5) Trading Days between each Drawdown Notice Date.

  • Conditions Precedent to Borrowing The obligation of the Liquidity Provider to make an Advance on the occasion of each Borrowing shall be subject to the conditions precedent that the Effective Date shall have occurred and, prior to the date of such Borrowing, the Borrower shall have delivered a Notice of Borrowing which conforms to the terms and conditions of this Agreement and has been completed as may be required by the relevant form of the Notice of Borrowing for the type of Advances requested.

  • Loan Request See Section 2.6.

  • Completion of Requests (a) A Request for a Loan will not be regarded as having been duly completed unless: (i) it identifies the Facility under which the Loan is to be made; (ii) it identifies the Borrower; (iii) the Utilisation Date is a Business Day falling within the Availability Period applicable to the relevant Facility; (iv) the amount of the Loan requested is: (A) a minimum of US$10,000,000 and an integral multiple of US$1,000,000; (B) the maximum undrawn amount available under the relevant Facility on the proposed Utilisation Date; or (C) such other amount as the Facility Agent may agree; (v) the proposed Term complies with this Agreement; and (vi) the proposed currency complies with this Agreement. (b) Only one Loan may be requested in a Request.

  • Conditions Precedent to the Initial Extension of Credit The obligation of each Lender to make the initial extensions of credit provided for hereunder is subject to the fulfillment, to the satisfaction of Agent and each Lender, of each of the conditions precedent set forth on Schedule 3.1 to this Agreement (the making of such initial extensions of credit by a Lender being conclusively deemed to be its satisfaction or waiver of the conditions precedent).

  • Conditions Precedent to Each Borrowing The obligation of each Bank to make an Advance on the occasion of each Borrowing to any Borrower (including the initial Borrowing) shall be subject to the further conditions precedent that on the date of such Borrowing: (a) the following statements shall be true (and each of the giving of the applicable Notice of Borrowing and the acceptance by a Borrower of the proceeds of such Borrowing shall constitute a representation and warranty by such Borrower that on the date of such Borrowing such statements are true): (i) The representations and warranties contained in Section 4.01 (excluding those contained in the second sentence of subsection (e) and in subsection (f) thereof), and if such Borrowing is by CFSC, CIF or CFKK, Section 4.02, are correct on and as of the date of such Borrowing, before and after giving effect to such Borrowing and to the application of the proceeds therefrom, as though made on and as of such date, and (ii) No event has occurred and is continuing, or would result from such Borrowing or from the application of the proceeds therefrom, which constitutes an Event of Default with respect to any Borrower; and (b) the Agent shall have received such other approvals, opinions or documents as any Bank through the Agent may reasonably request.

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