Drawdown of Loan. The Lender and the Borrower will agree on the amount of each Advance, and the Borrower will then advance the Loan to the Borrower on the terms hereof and the Note and on such other terms as may be agreed upon by the Lender and the Borrower in connection with such Advance.
Drawdown of Loan. The Borrower shall request drawdown of the loan within seven business days from the date of this Agreement and the Lender shall pay the amount provided in Article 1 within three business days from the date of loan request.
Drawdown of Loan. Subject to: Conditions: the satisfaction or waiver of the Conditions; Documents: the Company providing to the Lenders in a format reasonably satisfactory to the Lenders: Original Agreement: an original of this agreement duly executed by the Company; Provision of Security: an original of the Security Deed duly signed by the Company; Other Documents: any other documents and/or information as the Lenders or their solicitors, may by notice to the Company request; Event of Default: there not having occurred any event which constitutes an Event of Default or results in the Lenders forming a view on reasonable grounds that there has been a breach of a Warranty; and
Drawdown of Loan. (a) The Loan shall be made available for drawdown by the Company in one or more tranches, each in multiples of S$100,000, at anytime during the Term. The Company may request for the drawdown of the Loan by serving a written drawdown request in the form set out in Appendix A (the “Drawdown Request”) to the Lender. The Drawdown Request shall specify the amount of the requested drawdown, the requested Disbursement Date, and shall be delivered to the Lender, at least five (5) Business Days before the requested Disbursement Date.
(b) The Lender shall only be obliged to disburse the Loan on the relevant Disbursement Date provided that on the date of the service of the Drawdown Request and on the relevant Disbursement Date, no Event of Default has occurred and/or is continuing, or would result from the drawdown being effected.
(c) The Loan shall be disbursed by way of telegraphic transfer or cheque for value on the relevant Disbursement Date to the Company’s bank account as specified in the Drawdown Request.
Drawdown of Loan. Subject to Clause 3, the Loan shall be made available to the Borrower upon the execution of this Agreement by way of banker’s draft payable to or to the order of the Borrower (drawn on a bank in the PRC) or such other manner as agreed between the Lender and the Borrower.
Drawdown of Loan. The Company may call upon the Loan Undertaking (the “Draw Down”) at any time within 1 year from the Closing provided that the Company is not in a state of insolvency or bankruptcy, at such time Prior to the Company exercising any Draw Downs, the Company may on ten days notice cancel the Loan Undertaking and release the Investors’ commitments (the Investors will retain the Loan Undertaking Warrants and the Cash Commitment).. The Company may draw down the Principal Amount (“Draw Down Amount”) in units of one million dollar ($1,000,000) increments. To effect a Draw Down the Company shall serve written notice to the Escrow Agent (as defined in Section 2.2.3 below) which notice shall state the exact amount which the Company wishes to receive and the date on which such amount is required to be made available (“Draw Down Date”) such date to be no less than seven (7) business days following the date on which the Escrow Agent receives notice of a Draw Down from the Company.
Drawdown of Loan. (a) Subject to the other terms of this Agreement, the Loan shall be drawn down in one or more Advances at any time during the Loan Commitment Period when requested by the Borrower by means of a Drawdown Notice in accordance with sub-clause 4.
Drawdown of Loan. The obligation of the Lender to make the Loan hereunder is subject to the satisfaction of the following conditions precedent:
Drawdown of Loan. The Borrower may request disbursement of the Loan in one or more installments (each, a "Draw") at any time after the date of this Agreement by delivery to the Escrow Agent of a written request signed by the Borrower (the "Drawdown Notification") or in the alternative a telephone request followed promptly by written confirmation of the request, specifying the date and amount of the Draw to be made. Each request shall be received not less than two Business Days prior to the date of the proposed Draw. No request shall be effective until actually received in writing by the Escrow Agent. On the date specified in the Drawdown Notification, the Escrow Agent will make funds immediately available to the Borrower by wire transfer to the account designated by the Borrower in the Drawdown Notification. Each Draw shall be in an amount at least equal to $250,000 or, if greater, then in such minimum amount plus $50,000 multiples, except for a final Draw which will exhaust the full remaining amount of the Loan which may be in an amount equal to the remaining amount of the Loan. The remaining amount of the Loan shall be automatically disbursed by the Escrow Agent to the Borrower two Business Days before the Conversion Date as a final Draw.
Drawdown of Loan
