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Common use of Draw Clause in Contracts

Draw. DOWN 1. The loan under this contract is revolving; the balance of this contract shall not more than the line of credit. 2. The Borrower shall send a draw-down application as the form herein attached in this contract 7 days before the date of draw-down. 3. The Borrower shall not draw the loan less than 1 million.

Appears in 5 contracts

Samples: Loan Agreement (S.E. Asia Trading Company, Inc.), Loan Agreement (S.E. Asia Trading Company, Inc.), Loan Agreement (S.E. Asia Trading Company, Inc.)

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Draw. DOWN 1. The loan under this contract is revolving; , the balance of this contract shall not more than the line of credit. 2. The Borrower shall send a draw-down application as the form herein attached in this contract 7 days before the date of draw-down. 3. The Borrower shall not draw the loan less than 1 million.

Appears in 1 contract

Samples: Loan Agreement (Utstarcom Inc)

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