Irrevocable funding instructions Sample Clauses

Irrevocable funding instructions. The Borrower hereby instructs the Agent to procure that the Swap Agent in accordance with this Clause 3.2: 3.2.1 is notified no later than 4.00 p.m. Central European Time three (3) Business Days before the Drawdown Date of the sum of the euro amounts referred to in paragraph (a) and, if applicable, paragraph (b) of the Drawdown Notice; and 3.2.2 promptly and in any event no later than 3.00 p.m. Central European Time two (2) Business Days before the Drawdown Date, notifies the Agent of the Equivalent Amount of the euro amount so notified to it in accordance with Clause 3. 2.1. On being so notified by the Swap Agent, the Agent shall promptly and in any event no later than 3.30 p.m. Central European Time two (2) Business Days before the Drawdown Date notify each of the Lenders of its share of the Total Commitments and the Borrower of the Equivalent Amount of the total euro amount referred to in the Drawdown Notice. Each of the Lenders and the Borrower hereby further instructs: 3.2.3 the Agent to pay to the Swap Agent the Equivalent Amount of the sum of the euro amounts so notified to it in accordance with Clause 3. 2.1 from the amounts received by the Agent from the Lenders on the Drawdown Date pursuant to their obligation to make the Loan available in accordance with Clause 2.1; and 3.2.4 the Agent to procure that the Swap Agent pays to the Agent the sum of the euro amounts referred to in Clause 3.2.1 on the Drawdown Date in exchange for the sum referred to in Clause 3.2.3. Each of the instructions contained in this Clause 3.2 is irrevocable. Each of the Lenders, the Agent and the Borrower expressly acknowledges that the funding terms set out in this Clause may only be modified with the agreement of the Swap Agent, the Agent, the Lenders and the Borrower.