Common use of Drawing of the Term Advance Clause in Contracts

Drawing of the Term Advance. (a) In respect of a Term Advance other than a Term NR VFN Advance, on satisfaction of the conditions set out in Clause 3, the Master Issuer shall make the applicable Term Advance available to Funding on the relevant Closing Date. The aggregate of such Term Advances to be made on the relevant Closing Date will only be available for drawing in one amount by Funding on the relevant Closing Date.

Appears in 4 contracts

Samples: Master Intercompany Loan Agreement, Master Intercompany Loan Agreement, Master Intercompany Loan Agreement

AutoNDA by SimpleDocs

Drawing of the Term Advance. (a) In respect of a Term Advance other than a Term NR VFN Advance, on satisfaction of the conditions set out in Clause 3, the Master Issuer shall make the applicable Term Advance available to Funding on the relevant Closing Date. The aggregate of such Term Advances to be made on the relevant Closing Date will only be available for drawing in one amount by Funding on the relevant Closing Date.Date.β€Œ

Appears in 1 contract

Samples: Master Intercompany Loan Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.