Delivery of a Drawdown Notice. The Borrowers may utilise a Facility by delivering to the Agent a duly completed Drawdown Notice no later than 11:00 hours three (3) Business Days prior to the proposed Drawdown Date. 5.2 Completion of the Drawdown Notice Each Drawdown Notice is irrevocable and will not be regarded as having been duly completed unless: a) it identifies the Facility, the Borrower and Vessel to which the proposed Loan relates; b) it identifies the purpose of the proposed Loan, being in accordance with Clause 3.1 (Purpose); c) the proposed Drawdown Date is a Business Day within the Availability Period of the relevant Facility; d) subject to Clause 5.6 (Closing mechanics), the proposed Drawdown Date under the Term Loan Facility for any Vessel being redelivered from its Lessor, is also the Delivery Date of the relevant Vessel; e) the currency specified is USD; f) the aggregate of any Loan(s) utilised and the amount of the proposed Loan, does not exceed the Total Commitments; g) the amount specified in the Drawdown Notice does not exceed the Available Commitments under the relevant Facility; h) the proposed Interest Period complies with Clause 9 (Interest Periods); i) the amount will not cause the allocated Commitments in respect of such Borrower and Vessel, nor the Maximum Loan Amount, to be exceeded; and j) in respect of the Revolving Facility, the amount of the proposed Loan is minimum USD 5,000,000 or integral multiples thereof. 5.3 Automatic Rollover Loan a) In the event that the Agent has not received a Drawdown Notice within the time limit set in Clause 5.1 (Delivery of a Drawdown Notice) for a drawdown under the Revolving Facility made solely for the purpose of repayment of a Loan under the Revolving Facility in accordance with Clause 6.1 (Repayment – Revolving Facility) on its repayment date, it shall be regarded as if the relevant Borrower has completed and submitted a Drawdown Notice for a Rollover Loan to the Agent within the time limit. Any such Rollover Loan shall have the same Interest Period as the preceding Loan. 10127241/1 28 b) In the event that the relevant Borrower does not want the Rollover Loan to be made available automatically, it must notify the Agent in writing before 11:00 hours four (4) Business Days prior to the relevant repayment date. c) The Rollover Loan will only be made available as long as all other requirements under this Agreement for the availability for a Loan under the Revolving Facility in the same amount as the Rollover Loan are fulfill...
Delivery of a Drawdown Notice. The Borrowers may utilise the Facility by delivering to the Agent a duly completed Drawdown Notice no later than 10:00 hours (London time) three (3) Business Days prior to the proposed Drawdown Date.
Delivery of a Drawdown Notice. The Borrower may only draw a Tranche by delivery to the Administrative Agent of a duly completed Drawdown Notice not later than 11:00 hours three Business Days prior to the relevant Drawdown Date. The Administrative Agent shall notify the Lenders promptly upon such notice being received.
Delivery of a Drawdown Notice. The Borrower may utilise the Facility by delivery to the Lender of a duly completed Drawdown Notice not later than [◆ ]am (London time) on the [[◆ ] Business Day before the] proposed Drawdown Date. A Drawdown Notice shall be effective on actual receipt by the Lender and, once given, shall be irrevocable.
Delivery of a Drawdown Notice. (a) The Borrower may utilise the Facility by delivery to the Lender of a duly completed Drawdown Notice not later than 5:00 p.m. two Business Days before the proposed Drawdown Date.
Delivery of a Drawdown Notice. (a) The Borrowers may only draw a Loan by delivery to the Agent of a duly completed Drawdown Notice not later than 11:00 hours three (3) Business Days prior to the requested Drawdown Date. The Agent shall notify the Lenders promptly upon such notice being received.
Delivery of a Drawdown Notice. Subject to the terms and conditions of this Agreement, the Facility will be made available to the Borrower in one (1) or more Advance(s). Any Advance will be made by the Lender to the Borrower if the following conditions are fulfilled:
Delivery of a Drawdown Notice. (a) Subject to the terms and conditions of this Agreement, the Borrower may utilise the ADB Facility by delivery to ADB (with a copy to the Intercreditor Agent) of:
Delivery of a Drawdown Notice. The Borrower may utilise the Facility by delivery to the Ministry of a duly completed Drawdown Notice not later than 12.00pm on a Business Day that is at least eleven Business Days prior to the proposed Drawdown Date. The Drawdown Notice must be submitted to Xxxxxxxxxxxx@xxxx.xxxx.xx and copied to the Ministry’s Contact Person.
