Drawdown Schedule. The Borrower shall make the drawdown under the Entrusted Loan in accordance with the Drawdown Schedule set forth in Item (a) below:
(a) The Borrower shall draw the proceeds under the Entrusted Loan in a lump sum in November 2006.
(b) The Borrower shall draw completely all the proceeds under the Entrusted Loan commencing from N/A in accordance with the following drawdown schedule (the "Drawdown Schedule"): Times of Drawdown Date of Drawdown Amount of Drawdown ----------------- ---------------- ------------------ 1
Drawdown Schedule. Without limiting clause 6.1, the Producer must complete each Milestone and deliver all of the Deliverables for that Milestone in accordance with the Drawdown Schedule.
Drawdown Schedule. The Lenders Independent Engineer will review the drawdown schedule prepared by the Company and comment on whether each monthly/quarterly cash drawdown amount is consistent with the likely Project schedule and requirements under EPC and the various equipment supply contracts.
Drawdown Schedule. Subject to the terms and conditions of this Agreement, the Company may draw down the Aggregate Loan Facility in one or more installments as determined by the Company as follows:
Drawdown Schedule. The following is the Drawdown Schedule of the Facility under the Contract: December 30, 2006: USD 25,000,000 (Twenty-Five Million US dollars) Where the Borrower wishes to change the Drawdown Schedule, it shall send a Notice shall the Lender 15 Business Days in advance.
Drawdown Schedule. (a) Any Drawdown Schedule shall, save in relation to the calculation of the Commitment Fee, be non-binding on the Borrower and shall be for information purposes only.
(b) In accordance with the Advance Procedures, the Borrower shall provide to the JBIC Facility Agent on the date of this Agreement and no later than each 24th day of March, June, September and December falling during the Availability Period a Drawdown Schedule in respect of at least the Advances scheduled for the next six (6) month period in the form set out in Form 3 of Schedule 2 (Advance Procedures) attached hereto.
(c) The Borrower shall also provide to the JBIC Facility Agent a revised Drawdown Schedule in accordance with Section 9.1(b) (Commitment Fee).
(d) A Drawdown Schedule provided to the JBIC Facility Agent in accordance with Clauses (a) to (c) above, shall, subject to JBIC's prior written consent (such consent to be given save where there is a manifest error), be substituted for and incorporated into this Agreement for all purposes as the Drawdown Schedule within the Availability Period and shall substitute and replace the Drawdown Schedule out in Annex A (Initial Drawdown Schedule) of Schedule 2 (Advance Procedures) attached hereto. If a Drawdown Schedule provided to the JBIC Facility Agent is not consented to by JBIC (while acting reasonably) in accordance with the previous sentence, the Borrower shall be entitled to resubmit a revised Drawdown Schedule to rectify any manifest error therein, failing which the Commitment Fee shall be calculated on the basis of the most recent Drawdown Schedule consented to by JBIC.
Drawdown Schedule. 1. After this Agreement goes into effect, Borrower shall use the loan hereunder according to the following schedule, provided that Borrower shall obtain prior consent of Trustor and Lender for any drawdown ahead of schedule: Drawdown Time Drawdown Date Advance Amount Drawdown Time Drawdown Date Advance Amount 1st Dec. 22, 2006 RMB69,000,000 4th 2nd Dec. 22, 2006 RMB47,900,000 5th 3rd
2. If Borrower defers the drawdown date for one or more advances, Lender may charge penalty on the deferred amount at the rate of 1/oo0 per day according to the actual number of deferred days and on the basis of 360 days per year.
3. The deadline for Borrower to drawdown is 7 days after the date hereof. Any amount not drawn after the deadline shall be canceled. Drawdown deadline is also the deadline for penalty on deferred advance.
Drawdown Schedule. Prior to the first Drawdown under the Additional Obligation Facilities, the Lenders and the Borrower shall in good faith and acting reasonably negotiate a Drawdown schedule (as amended from time to time in accordance with the provisions hereof, the “Drawdown Schedule”) in respect of the Additional Obligation Loans, to be adjusted quarterly as needed. Such Drawdown Schedule shall take into consideration the availability of Debt under the then- applicable Senior Commercial Debt Agreements, if any, and achieving the 80/20 Ratio in respect of Advances under the Class A Subordinated Debt Facility.
Drawdown Schedule. Subject to the proviso in Section 2.1(a) (as to the amount to be advanced by CNUL if APMC increases the amount of any Base Obligation Loan which APMC is advancing), on each date set forth on Schedule "A" hereto (the "Drawdown Schedule") each Subordinated Debt Lender shall advance to the Borrower a Base Obligation Loan in the amount set forth opposite such date on the Drawdown Schedule; provided that the Subordinated Debt Lenders may make · advances of Base Obligation Loans in advance of the dates set forth in the Drawdown Schedule and, in such event, the amount of the Base Obligation shall be adjusted by the Base Obligation Methodology and the reduction to the Base Obligation shall be applied to reduce the amount of the Base Obligation Loans to be made on January 4, 2016.
Drawdown Schedule. Pursuant to the terms of the Note, WTI may request, and Lender will, subject to the other terms and conditions of this Agreement, lend to Borrowers the sums set forth and on the dates specified therein. Any request for a loan hereunder must be received by Lender, pursuant to a communication by electronic mail (“email”), no later than 10:30 a.m., Atlanta, Georgia time on a Business Day in order for such loan to be made two Business Days from the request as specified in the Note.
