Facility and Drawdown Requests Clause Samples

Facility and Drawdown Requests. The Borrower agrees to borrow from the Lender the Facility as per the terms and conditions of this Facility Agreement (read with the Facility Documents). The Borrower may drawdown the Facility in one or more tranches during the Tenure as specified in Schedule 2. The Borrower may drawdown the Facility, from an overdraft account which shall be linked to a designated current account of the Borrower maintained with the Lender in its name, the details of which are provided in Schedule 2 ("Overdraft Account"). Each drawdown may be subject to such other terms and conditions as may be specified by the Lender from time to time. The Lender shall have the absolute discretion to allow or reject a drawdown request, without assigning any reason.