Common use of Draw Down Clause in Contracts

Draw Down. The Borrower may on any Business Day during the Availability Period request the Lender to make the any amount available under the Loan to the Borrower’s bank account in Hong Kong as specified in Appendix I, provided that: a. The Lender shall have received a duly completed notice of drawing at least one Business Day prior to the date of drawing; and b. No event of default or prospective Event of Default shall have occurred.

Draw Down. The Borrower may on any Business Day during the Availability Period request the Lender to make the any amount available under the Loan to the Borrower’s bank account in Hong Kong as specified in Appendix IAppendix, provided that: a. The Lender shall have received a duly completed notice of drawing at least one Business Day prior to the date of drawing; and b. No event of default or prospective Event of Default shall have occurred.