Drawdown Notices. Upon the terms and conditions set forth herein (including, without limitation, the provisions of Article VII), the Company shall have the right, but not the obligation, to direct the Investor, by its delivery to the Investor of a Drawdown Notice (the date thereof, the “Drawdown Notice Date”) from time to time, to purchase Drawdown Notice Shares, provided that the amount of Drawdown Notice Shares shall not exceed the lesser of; (i) $250,000 or (ii) 200% of the Average Daily Traded Value of the Stock during the ten (10) Business Days immediately preceding the Drawdown Notice Date or (iii) the Beneficial Ownership Limitation set forth in Section 7.2(g). Notwithstanding the foregoing, the Company may not deliver a subsequent Drawdown Notice until the Closing of an active Drawdown Notice, except if waived by the Investor in writing.
Drawdown Notices. Except as otherwise provided in Section 5.02(c), each Drawdown Notice for a Drawdown shall specify:
(A) the manner in which, and the expected date on which, such Drawdown is to be applied;
(B) if all or any portion of such Drawdown is to be applied to make one or more Partnership Investments, with respect to each proposed Partnership Investment, (w) the name and business description of the Person (if any) that is, directly or indirectly, the subject of such proposed Partnership Investment, (x) the Investment Drawdown Amount in respect of such Partnership Investment, and, as provided in Section 5.02(a), whether such Capital Contribution shall be made in U.S. Dollars or Euros, (y) a description of the Real Estate Assets that are the subject of such Investment and (z) the purpose of such Drawdown;
(C) if all or any portion of such Drawdown is to be applied in respect of any Partnership Expenses, the Expenses Drawdown Amount;
(D) the required Capital Contribution to be made by such Limited Partner;
(E) the Drawdown Date; and
(F) the Person and the account to which such Capital Contribution shall be paid.
Drawdown Notices. Except as otherwise provided in Section 5.02(c), each Drawdown Notice for a Drawdown shall specify, to the extent known at the time such Drawdown Notice is delivered:
(A) the manner in which, and the expected date on which, such Drawdown is to be applied;
(B) if all or any portion of such Drawdown is to be applied to make one or more Investments, with respect to each proposed Investment, (w) a general description of the business of the Person that is, directly or indirectly, the subject of such proposed Investment, (x) the Investment Drawdown Amount in respect of such Investment, (y) whether such proposed Investment is in equity securities or equity-related securities (including preferred equity, convertible debt or similar securities) or debt securities, and (z) whether the Capital Contribution of such Investor in respect of such Investment is to be applied in respect of a Partnership Investment (and if so, whether directly or through a Partnership Investment Vehicle) or a Parallel Investment (and if so, whether directly or through a Parallel Investment Vehicle) or if all or any portion of such Drawdown is to be held as Temporary Cash Funds, the Investment Drawdown Amount related thereto;
(C) if all or any portion of such Drawdown is to be applied in respect of any Expenses, the Expenses Drawdown Amount;
(D) the required Capital Contribution to be made by such Investor (which shall be equal to the sum of such Investor’s share (determined pursuant to Section 5.02(b)(ii)) of each Investment Drawdown Amount or Temporary Cash Funds and such Investor’s share (determined pursuant to Section 5.02(b)(iii)) of the Expenses Drawdown Amount;
(E) the date (the “Drawdown Date”) on which such Capital Contribution is due, which will be at least 10 calendar days from and including the date of delivery of the Drawdown Notice; and
(F) the Person and the account to which such Capital Contribution shall be paid.
Drawdown Notices. In furtherance of the foregoing, if any Syndicated Lender becomes, and during the period it remains, a Defaulting Lender, each of the Issuing Bank and each Swingline Lender is hereby authorized by the Borrower (which authorization is irrevocable and coupled with an interest) to give, in its discretion, through the Administrative Agent, Notices of Borrowing pursuant to Section 2.03 in such amounts and at such times as may be required to (i) reimburse an outstanding LC Disbursement, (ii) repay an outstanding Swingline Loan, and/or (iii) Cash Collateralize the obligations of the Borrower in respect of outstanding Letters of Credit or Swingline Loans in an amount equal to the aggregate amount of the obligations (contingent or otherwise) of such Defaulting Lender in respect of such Letter of Credit or Swingline Loan.
Drawdown Notices. Upon the terms and conditions set forth herein (including, without limitation, the provisions of Article VII), the Company shall have the right, but not the obligation, to direct the Investor, by its delivery to the Investor of a Drawdown Notice from time to time, to purchase Drawdown Notice Shares provided that the amount of Purchase Notice Shares shall not exceed the lesser of; (i) $250,000 or (ii) 200% of the Average Daily Traded Value of the Stock during the five (5) days immediately preceding the Drawdown Notice date or (iii) the Beneficial Ownership Limitation set forth in Section 7.2(g). Notwithstanding the foregoing, the Company may not deliver a subsequent Drawdown Notice until the Closing of an active Drawdown Notice, except if waived by the Investor in writing.
Drawdown Notices. Each request by the Company for withdrawal under the Credit Line shall be made by giving to the Lender a notice (the “Drawdown Request”). Each portion of the Credit Line so requested to be withdrawn by the Company and which the Company is entitled to receive, shall be advanced by the Lender within three (3) business days of the Lender receiving Company’s said request, by wire transfer thereof to any of Company’s bank accounts specified in the Drawdown Request.
Drawdown Notices. The Corporation agrees that the Borrower may with the prior consent of the Corporation use a Drawdown request for a Term Fixed Rate Advance substantially in the form of the “Form of Request for a Term Fixed Rate Advance (“Drawdown Notice”) attached to this Annexure instead of the Firm Rate quote specified in the Fourth Schedule hereto. Once given, a Drawdown Notice is irrevocable and may not be withdrawn except with the prior written consent of the Corporation. Consent via the Client Portal, a digital platform or such other electronic media nominated by the Corporation is deemed to be written consent for this purpose. The Corporation will advise the Borrower as soon as practicable after it receives any request to withdraw a Drawdown Notice whether it has consented to the withdrawal and if the Borrower is required to pay any costs incurred by the Corporation in executing the withdrawal request. The Request for a Term Fixed Rate Advance Notice must be received by the Corporation no later than 12:00 noon on the second Business Day prior to the date the Advance is to be made or such later time or date as may be agreed by the Corporation either generally or in relation to Advances with specified characteristics or in relation to a proposed Advance. This includes notices submitted via the Client Portal, a digital platform or via such other electronic media nominated by the Corporation. Where a Drawdown Notice is used for the purpose of a Term Fixed Rate Lending Advance, the Corporation will as soon as practicable after it receives a request, issue a confirmation setting out the price and terms applicable for the Term Fixed Rate Lending Advance.
Drawdown Notices. A Drawdown Notice shall be substantially in the form set forth in Schedule C and shall state the type of Drawdown being requested, the proposed Drawdown Date, together with any other information required by such Schedule or this Section 2.4. If a Drawdown Notice is given by fax, the Borrower shall send to the Agent written confirmation bearing an original signature of an authorized signatory of the Borrower of such notice within two Business Days of the giving of such notice. Any notice on which the Agent has acted, whether made by fax or otherwise in writing shall be irrevocable and binding on the Borrower. The following notice periods shall apply to each type of Drawdown:
Drawdown Notices. 5.1 Each Drawdown Notice must be in the form set out in the Schedule 1 to this Agreement or in such other form as may be acceptable to the Lender, shall specify one or more of the purposes as detailed in clause 8 for which the Advance will be utilized, the date upon which such Advance is to be made and the amount of the Advance (which shall relate to the amounts stated in respect of the purpose(s) applicable for which the Advance will be utilized, as set out in clause 8).
5.2 Drawdown Notice shall be received by the Lender at least ten (10) days prior to the expected Drawdown Date.
Drawdown Notices. Except as otherwise provided in Section 5.02(c), each Drawdown Notice for a Drawdown shall specify, to the extent known at the time such Drawdown Notice is delivered:
(A) the manner in which, and the expected date on which, such Drawdown is to be applied;
(B) if all or any portion of such Drawdown is to be applied to make one or more Investments, with respect to each proposed Investment, (w) a general description of the business of the Person that is, directly or indirectly, the subject of such proposed Investment, (x) the Investment Drawdown Amount in respect of such Investment, (y) whether such proposed Investment is in equity securities or equity-related securities (including preferred equity, convertible debt or similar securities) or debt securities, and (z) whether the Capital Contribution of such Investor in respect of such Investment is to be applied in respect of a Partnership Investment (and if so, whether directly or through a Partnership Investment Vehicle) or a Parallel Investment (and if so, whether directly or through a Parallel Investment Vehicle) or if all or any portion of such Drawdown is to be held as Temporary Cash Funds, the Investment Drawdown Amount related thereto;
(C) if all or any portion of such Drawdown is to be applied in respect of any Expenses, the Expenses Drawdown Amount;
(D) the required Capital Contribution to be made by such Investor (which shall be equal to the sum of such Investor's share (determined pursuant to Section 5.02(b)(ii)) of each Investment Drawdown Amount or Temporary Cash Funds and such Investor's share (determined pursuant to Section 5.02(b)(iii)) of the Expenses Drawdown Amount;
(E) the date (the "DRAWDOWN DATE") on which such Capital Contribution is due, which will be at least 10 calendar days from and including the date of delivery of the Drawdown Notice; and
(F) the Person and the account to which such Capital Contribution shall be paid.
