Essentials of the Loan Drawdown Request Sample Clauses

Essentials of the Loan Drawdown Request. Once a request for the drawdown of a loan or any part thereof is delivered to the Bank, it shall be binding on the Client. The Client may not withdraw, alter or amend the request without prior written consent of the Bank. Unless otherwise provided in the Agreement, the Client’s loan drawdown request must be submitted to the Bank on the Bank’s form, which is contained in an Annex to the Ag eement. A request for the drawdown of the loan or a part thereof shall contain: a) the drawdown ate, which mu t fall on a Business Day within the drawdown period but must not occur sooner than on the second Business Day following the date of delivery to the Bank of t e request for the drawdown of the loan or a part thereof. Should the drawdown take place on the Business Day immediately following the delivery to the Bank of the request for the drawdown of the loan or a part thereof the request must be so delivered no later than by 10.00 a. m. of the Business Day; b) the amount required to be drawn, which must comply with all the conditions specified in the Loan Conditions and the Agreement and which, if added to the sum of all the previous drawings under the Agreem ent, must not exceed the total loan sum under the Agreement; c) an annex to the request for the drawdown of the loan or a part thereof: a payment order form(s), properly completed by the Client, with a due date identical with the date of drawing, to transfer funds from the Client’s current account, defined in the Agreement, to be credited to third party bank account(s) according to the purpose of the loan defined in the Agreement; the annex to the request for the drawdown of the loan or a part thereof shall also include all and any documents specified in the Agreement to confirm that once the payment by the Bank of the amount indicated in the payment order(s) is made, the purpose of the loan under the Agreement is met.