Common use of Drawing of the Loan Tranche Clause in Contracts

Drawing of the Loan Tranche. (a) In respect of Loan Tranches other than NR VFN Loan Tranches, on satisfaction of the conditions set out in Clause 3, the Issuer shall make the applicable Loan Tranches available to Funding 1 on the relevant Closing Date. The aggregate of such Loan Tranches to be made on the relevant Closing Date will only be available for drawing in one amount by Funding 1 on the relevant Closing Date. (b) Each NR VFN Loan Tranche (which, for the avoidance of doubt, does not include any Increase Amount) will be advanced on the relevant Closing Date subject to the satisfaction of the matters specified in Clauses 3.1(a), (b), (c) and (g). (c) The Issuer shall make a further advance to Funding 1 in an amount equal to the Increase Amount on the Increase Date in respect of each relevant NR VFN Loan Tranche and Funding 1 agrees to borrow each such amount (and the Issuer shall notify the Agent Bank of such further advance as soon as reasonably possible). On and from the Increase Date, the Outstanding Principal Amount of such NR VFN Loan Tranche shall be increased by the Increase Amount.