Common use of Completion of Drawdown Requests Clause in Contracts

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).

Appears in 1 contract

Samples: Commitment Letter

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Completion of Drawdown Requests. (A) A Drawdown Request for an Interim Loan will not be regarded as having been duly completed unless: (ai) in the case of an the Interim Term Facility Loan: (i) Facility, the Drawdown Date is a Business Day within the Certain Funds Period; and (ii) , and the amount of the Interim Term Facility Loan requested does not exceed the Total Interim Commitments in respect of that Interim Term Facility;Commitments; or (bii) in the case of an the Interim Revolving Facility LoanFacility: (ia) the Drawdown Date is a Business Day within the Interim Revolving Facility Availability Period; and (iib) the Base Currency Amount amount of the Interim Revolving Facility Loan requested (when aggregated with the Base Currency Amount amount of any other Interim Revolving Facility Utilisations Loans made or due to be made on or before the proposed Drawdown Date but excluding any part of any Interim Revolving Facility Utilisation Loan prepaid or due to be prepaid on or before the proposed Drawdown Date) does not exceed the Total Interim Revolving Facility Commitments; and (ciii) 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 (bB) of Clause 8.2 (Payment of interestInterest). (B) Drawdown Requests shall be irrevocable.

Appears in 1 contract

Samples: Interim Facilities Agreement

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 B Loan: (i) the Drawdown Date is a Business Day within the Certain Funds Period; and (ii) the amount of the Interim Term Facility B Loan does not exceed the Total Interim Commitments in respect of that Interim Term FacilityFacility B; (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).

Appears in 1 contract

Samples: Commitment Letter

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 B Loan: (i) the Drawdown Date is a Business Day within the Certain Funds Period; Period and (ii) the amount of the such Interim Term Facility B Loan does not exceed the Total Interim Commitments in respect of that Interim Term FacilityFacility B1, Interim Facility B2 or Interim Facility B3 (as applicable); (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 (ef) of Clause 6.3 (Advance of Interim Loans) and the proposed Interest Period complies with paragraph (b) of Clause 8.2 (Payment of interest).

Appears in 1 contract

Samples: Commitment Letter (Atlas Investissement)

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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) in the case of an Interim Term Bridge Facility Loan: (i) , the Drawdown Date is a Business Day within the Certain Funds Period; and (ii) , and the amount Base Currency Amount of that Interim Bridge Facility Loan, when aggregated with the Base Currency Amounts of all other outstanding or requested Interim Term Bridge Facility Loan Loans, does not exceed the corresponding Total Interim Commitments in respect of that Interim Term FacilityBridge Facility Commitments; (b) in the case of an any Interim Revolving Facility Loan: (i) the Drawdown Date is on or after the Interim Closing Date and is also a Business Day within the Interim Revolving Facility Availability Period; and (ii) the Base Currency Amount of the Interim Revolving Facility Loan requested (requested, when aggregated with the Base Currency Amount Amounts of any all other outstanding or requested 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) Loans, does not exceed the Total Interim Revolving Facility Commitments; and (c) the currency of the Interim Loan complies with paragraph paragraphs (d) or (e) (as applicable) of Clause 6.3 (Advance of Interim Loans) and the proposed Interest Period complies with paragraph (b) of Clause 8.2 8.3 (Payment of interest).

Appears in 1 contract

Samples: Interim Facilities Agreement

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