Drawdown Procedures. Upon receipt by the Agent from the Borrower of a Draw Request, Conversion Notice or Rollover Notice in respect of a LIBOR Loan, the Agent will promptly advise the Borrower of the LIBO Rate, such rate to be determined as at approximately 11:00 a.m. London, England time, two (2) LIBOR Business Days before the commencement of the LIBOR Period for such LIBOR Loan.
Drawdown Procedures. The Borrower may not request a Loan more than once in any calendar quarter. The Borrower shall give the Lender prior written notice of its intention to borrow a Loan substantially in the form of Exhibit A (a “Drawdown Notice”) not later than 12:00 p.m., Japan Standard Time, at least ten Business Days prior to the first day of the calendar quarter in which such Loan is to be made, specifying (a) the calendar quarter in which such Loan is to be made, (b) the principal amount of such Loan, which must be at least $1,000,000 and may not exceed the amount for which the Borrower can use the proceeds thereof as set forth in Section 2.3 and (c) the location and number of the Borrower’s deposit account to which the proceeds of such Loan are to be disbursed (provided that within one Business Day after the Closing Date, the Lender shall disburse to the Borrower the proceeds of a Loan in the amount of $113,700,000 to be used as described in Section 2.3(A)). A Borrowing Notice received after 12:00 p.m., Japan Standard Time, is deemed received on the next Business Day. If the Parent Board consents to the Borrower’s Drawdown Notice, the Lender shall disburse the proceeds of the Loan requested in such Drawdown Notice in immediately available funds on the first day of the calendar quarter for such Loan was requested (or if such day is not a Business Day, then the next succeeding day that is a Business Day and in the case of the Loan to be disbursed within one Business Day after the Closing Date, on such Business Day) by crediting or wiring such proceeds to the deposit account of the Borrower identified in the Drawdown Notice or as may be otherwise agreed upon by the Borrower and the Lender.
Drawdown Procedures. Lender shall have received the following, each in form and substance satisfactory to Lender:
(i) The Notice of Borrowing and the Drawdown Certificate within the time periods specified therein;
(ii) Evidence that Borrower has established and is maintaining the Receipts Account and the Operating Account at a bank in California reasonably acceptable to Lender; and
(iii) Evidence that all work that has been done on the Project shall have been done in a good and workmanlike manner and in accordance with the Construction Contracts and Prudent Practices, including, but not limited to, if requested by Lender, copies of all invoices for services rendered and materials delivered for the Project, and there shall not have been filed with or served upon Borrower with respect to the Project or any part thereof notice of any Lien, claim of Lien or attachment upon or claim affecting the right to receive payment of any of the moneys payable to any of the Persons named on such request which has not been released or which will not be released with the payment of such obligation out of such Construction Loan, other than Permitted Liens.
Drawdown Procedures. The Borrowing shall be made upon the Borrower’s irrevocable notice to the Administrative Agent, which may be given by: (A) telephone or (B) a Loan Notice; provided that any telephonic notice must be confirmed immediately by delivery to the Administrative Agent of a Loan Notice. Each such Loan Notice must be received by the Administrative Agent not later than 11:00 a.m one (1) Business Day prior to the proposed Closing Date.
Drawdown Procedures. The Borrower may request the Lender to advance the proceeds of the Loan by delivering to the Lender a duly completed Drawdown Notice, substantially in the form attached hereto as Appendix A (the “Drawdown Notice”), which notice, once given, shall be irrevocable and shall be received by the Lender not later than 11:00 a.m. Eastern time two (2) Business Days prior to the proposed funding date. The Lender’s obligation to make the Loan to the Borrower as set forth herein shall expire on October 31, 2019; provided, however, that such commitment shall terminate automatically upon the occurrence of an Event of Default.
Drawdown Procedures. (a) Each Limited Partner shall make Capital Contributions in such amounts and at such times as the General Partner shall specify in Capital Calls delivered from time to time to such Limited Partner.
(b) Subject to one or more Limited Partners electing Capital Termination, Capital Calls will be made by the General Partner pro rata in accordance with each Limited Partner’s Available Capital Commitment; provided, however, that the Capital Calls of Limited Partners making Capital Commitments as of the second Closing Date shall include such additional amounts so that, immediately following the relevant Drawdown Date, all Limited Partners shall have each made Capital Contributions pro rata in accordance with their respective Capital Commitments.
(c) Each Capital Call shall specify the Drawdown Date on which the related Capital Contribution is due, which will be at least ten (10) Business Days following the delivery of the Capital Call. Normally, a Capital Call will require that Capital Contributions be made in immediately available funds as of the first Business Day of a calendar month.
(d) In no event shall a Limited Partner be required to make a Capital Contribution in response to a Capital Call in an amount in excess of such Limited Partner’s Available Capital Commitment at the time such Capital Call is received.
(e) Each Capital Contribution made by a Partner shall be added to the current Net Asset Value of such Partner’s Interest.
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Drawdown Procedures.
(a) Each Limited Partner must, except as otherwise expressly provided herein, make Capital Contributions to the Partnership in such amounts and at such times as the General Partner specifies in each applicable Drawdown Notice delivered from time to time to such Limited Partner. All Capital Contributions must be paid to the Partnership in immediately available funds in U.S. dollars by 5:00 p.m. (Central Standard Time) on the date specified in the applicable Drawdown Notice. Capital Contributions may include amounts that the General Partner determines in its sole discretion are necessary or desirable to satisfy obligations with respect to, or establish reserves in respect of, Fund Investments or Partnership Expenses. The General Partner must make Capital Contributions to the Partnership in amounts equal to its Unfunded Capital Commitment Percentage of each Drawdown Amount at the same times and in the same manner as the Limited Partners who are required to make related Capital Contributions.
(b) Each Drawdown Notice must specify:
(i) the Drawdown Amount;
(ii) the manner in which, and the expected date on which, such Drawdown is to be applied;
(iii) the required Capital Contribution to be made by such Limited Partner;
(iv) the date (the “Drawdown Date”) on which such Capital Contribution is due (which must be at least 3 Business Days from and including the date of delivery of the Drawdown Notice); provided, however, that other than in connection with a capital call from the Xxxx Fund or any other Person in which an Other Xxxx Investment has been made, any such Drawdown Notice in respect of Partnership Expenses will be sent to the Partners at least 10 Business Days prior to the date such Capital Contribution is due from and including the date of delivery of the Drawdown Notice; and
(v) the account of the Partnership to which such Capital Contribution should be paid.
(c) In connection with any such Drawdown, each Partner is required to make a Capital Contribution equal to the product of (x) such Partner’s Unfunded Capital Commitment Percentage times (y) the Drawdown Amount specified in the applicable Drawdown Notice.
(d) If in connection with the making of any Fund Investment or the payment of any Partnership Expense in respect of which a Drawdown Notice has been delivered, the General Partner determines, in its discretion, that it is necessary to increase the required Capital Contribution to be made by Partners in connection therewith, the General Partner wi...
Drawdown Procedures. (1) After the Facility Agent has accepted the Drawdown Request, the Facility Agent shall notify the respective Lenders in writing at least two (2) Business Days prior to each Drawdown Date and notify the respective Lenders of the Facility Participation Amount based on their respective Participation Percentage and the disbursement date. The relevant Lenders shall remit or deposit the funds in the form of readily available fund into the account designated by the Facility Agent no later than noon of the Drawdown Date (Taipei time). However, if the Borrower intends to repay the outstanding balance for the bank borrowings by using the Tranche A Facility Amount, the Borrower shall authorize the Facility Agent to distribute the facility amounts of the Lenders into the bank accounts designated by the Borrower’s creditor banks. The Facility Agent’s distribution of the Facility Amount into the bank accounts designated by the Borrower’s creditor banks shall be regarded as that the Borrower has received the loan disbursement by the Lenders, and the Borrower shall provide the pay-off certificates of the borrowings from the creditor banks to the Facility Agent no later than one Business Day after the Drawdown Date.
(2) In terms of the Tranche B-1 Facility Amount, if the Outstanding Principal Balance of the previous Drawdown will mature at the Drawdown Date of the subsequent Drawdown, the Borrower shall authorize the Facility Agent to use the subsequent Drawdown of the Tranche B-1 Facility Amount to settle the Outstanding Principal Balance. That is, the Outstanding Principal Balance shall be settled at the Drawdown Date of the subsequent Drawdown, and that the Borrower has received the Drawdown disbursement for the subsequent Drawdown in the amount equivalent to the Outstanding Principal Balance without requiring another fund disbursement. The Lenders only need to disburse the amount that exceeded the difference in order to settle the matured Outstanding Principal Balance for the subsequent Drawdown. Table of Contents
(3) Any Lender that is unable to disburse funds as agreed upon shall notify the Facility Agent in writing no later than 10:30 AM one (1) Business Day prior to the relevant Drawdown Date, and the Facility Agent shall notify the Borrower immediately after receiving such notice. Unless the Facility Agent has received a notice of inability to disburse funds from a Lender prior to the relevant Drawdown Date, the Facility Agent may assume that the said Xxxxxx wil...
Drawdown Procedures. Each Purchaser’s “Pro Rata Amount” shall be equal to such Purchaser’s Maximum Loan Amount divided by the Aggregate Loan Facility, and shall be set forth opposite such Purchaser’s name on Exhibit A. Each Purchaser shall be required to pay its Pro Rata Amount of each installment in any Closing as specified in the Company’s Drawdown Notice.
