Common use of LOAN DRAWDOWN Clause in Contracts

LOAN DRAWDOWN. Subject to Section 4, the Borrower may access the Loan in a single disbursement on any Business Day from and including the date of this Agreement to and including [DATE] (the “Availability Period”). To initiate a drawdown, the Borrower must provide the Lender with at least one (1) Business Day’s prior written notice specifying: the requested Loan amount; the Business Day on which the funds are to be disbursed; and the bank account where the Loan proceeds should be deposited.

Appears in 10 contracts

Sources: Loan Agreement, Loan Agreement, Loan Agreement