Notice of Drawing Irrevocable Sample Clauses

Notice of Drawing Irrevocable. A Notice of Drawing once given shall be irrevocable and the Borrower shall be bound to draw an Advance in accordance therewith, except as otherwise provided in this Agreement. If for any reason an Advance is not drawn in accordance with a Notice of Drawing, the Borrower shall on demand pay to the Lender such amount (if any) as the Lender may certify to be necessary to compensate it for any loss or expense reasonably incurred in liquidating or redeploying funds arranged for the purpose of the proposed Advance or otherwise as a consequence of the proposed Advance not having been made in accordance with the Notice of Drawing. Only one (1) Advance may be requested in each Notice of Drawing.
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Notice of Drawing Irrevocable. A Notice of Drawing under the Tranche C Facility once given shall be irrevocable and the Borrower shall be bound to draw a Tranche C Advance in accordance therewith, except as otherwise provided in this Agreement. If a Tranche C Advance is not made in accordance with a Notice of Drawing as a result of any default or negligence by the Borrower, the Borrower shall on demand pay to the Facility Agent for the account of each Lender such amount (if any) as such Lender may certify to be its Break Costs arising as a consequence of the proposed Tranche C Advance not having been made in accordance with such Notice of Drawing.
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Notice of Drawing Irrevocable. A Notice of Drawing once given under the Tranche B Facility or the Tranche C Facility shall be irrevocable and the Borrower shall be bound to draw an Advance under the relevant Facility in accordance therewith, except as otherwise provided in this Agreement. If for any reason an Advance under the Tranche B Facility or the Tranche C Facility is not made in accordance with the relevant Notice of Drawing, the Borrower shall within ten (10) Business Days of demand pay to the Agent for the account of each Lender such amount (if any) as such Lender may certify (with reasonable details of the calculation thereof) to be necessary to compensate it for any loss or expense incurred in liquidating or redeploying funds arranged for the purpose of the proposed Advance. If an Advance under the Tranche B or Tranche C Facility is not made in accordance with a Notice of Drawing because of a Lender’s default, the Borrower shall not be required to compensate such Lender in the manner contemplated by this Clause 5.4.
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Notice of Drawing Irrevocable. The Notice of Drawing once given shall be ----------------------------- irrevocable and the Borrower shall be bound to borrow the Disbursement in accordance therewith, except as otherwise provided in this Agreement. Subject to any agreement to the contrary, if for any reason (other than a default by the Facility Agent or any Lender) a Disbursement is not made on the Borrowing Date specified in the relevant Notice of Drawing, the Borrower shall on demand pay to the Facility Agent for the account of each Lender such amount (if any) as such Lender may certify to be necessary to compensate it for any Losses (but not to include loss of the Applicable Margin) in liquidating, placing or redeploying funds arranged for the purpose of the Disbursement or otherwise as a consequence of the Disbursement not having been made on the Borrowing Date specified in the relevant Notice of Drawing provided however that if (A) the Borrower has notified the Facility Agent that a Disbursement cannot be made on the Borrowing Date specified in the relevant Notice of Drawing because the conditions precedent in Clause 3 cannot be satisfied as a result of the failure of the Manufacturer to obtain an FAA Certificate of Airworthiness for the relevant Aircraft or due to such Aircraft failing to be technically acceptable to the Borrower (in the exercise of its reasonable discretion); and (B) the Facility Agent and the Borrower reasonably expect that such certificate will be obtained or that such Aircraft will be technically acceptable to the Borrower within seven (7) Banking Days, then, notwithstanding any instructions to the contrary in the Notice of Borrowing, the proceeds of such Disbursement shall be disbursed to an account with the Facility Agent in the name of the Borrower. If such conditions precedent are subsequently satisfied and the EXIM Guarantee obtained within seven (7) Banking Days of the originally scheduled Borrowing Date, on such date, the funds held in the Borrower's account shall be disbursed in accordance with the instructions of the Borrower and the Disbursement shall be deemed to have been made on the originally scheduled Borrowing Date. If such conditions precedent cannot be satisfied or the EXIM Guarantee cannot be obtained within such seven (7) Banking Days period, then on the next Banking Day the Facility Agent shall apply all funds in the Borrower's account to prepay the relevant Disbursement, together with interest accrued thereon, and any losses, certified by e...
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Related to Notice of Drawing Irrevocable

  • Drawdown Notice irrevocable A Drawdown Notice must be signed by an officer of the Borrower; and once served, a Drawdown Notice cannot be revoked without the prior consent of the Lender.

  • Notice Irrevocable Any Notice of Borrowing (or telephonic notice in lieu thereof) made pursuant to Section 2.2(b) shall be irrevocable and the Borrower shall be bound to borrow the funds requested therein in accordance therewith.

  • Notice of Borrowing The Borrower shall request a Revolving Loan borrowing by written notice (or telephonic notice promptly confirmed in writing) to the Agent not later than 11:00 A.M. (Charlotte, North Carolina time) on the Business Day prior to the date of the requested borrowing in the case of Base Rate Loans, and on the third Business Day prior to the date of the requested borrowing in the case of Eurodollar Loans. Each such request for borrowing shall be irrevocable and shall specify (A) that a Revolving Loan is requested, (B) the date of the requested borrowing (which shall be a Business Day), (C) the aggregate principal amount to be borrowed, and (D) whether the borrowing shall be comprised of Base Rate Loans, Eurodollar Loans or a combination thereof, and if Eurodollar Loans are requested, the Interest Period(s) therefor. If the Borrower shall fail to specify in any such Notice of Borrowing (I) an applicable Interest Period in the case of a Eurodollar Loan, then such notice shall be deemed to be a request for an Interest Period of one month, or (II) the type of Revolving Loan requested, then such notice shall be deemed to be a request for a Base Rate Loan hereunder. The Agent shall give notice to each affected Lender promptly upon receipt of each Notice of Borrowing pursuant to this Section 2.1(b)(i), the contents thereof and each such Lender’s share of any borrowing to be made pursuant thereto.

  • Notice of Borrowing; Letter of Credit Request (a) Prior to the making of each Loan (other than a Swingline Loan or a Revolving Loan made pursuant to a Mandatory Borrowing), the Administrative Agent shall have received a Notice of Borrowing meeting the requirements of Section 2.03(a). Prior to the making of each Swingline Loan, the Swingline Lender shall have received the notice referred to in Section 2.03(b)(i).

  • Notices Irrevocable Each Notice of Borrowing and Notice of Continuation or Conversion delivered by the Borrower hereunder, including its deemed request for borrowing made under Section 2.2(c), shall be irrevocable and binding on the Borrower.

  • Obligations Irrevocable The obligations of each Lender to make payments to the Agent with respect to any Letter of Credit or with respect to their participation therein or with respect to any Credit Support for any Letter of Credit or with respect to the Revolving Loans made as a result of a drawing under a Letter of Credit and the obligations of the Borrower for whose account the Letter of Credit or Credit Support was issued to make payments to the Agent, for the account of the Lenders, shall be irrevocable and shall not be subject to any qualification or exception whatsoever, including any of the following circumstances:

  • Notice of Acceptance Notice of each Offeree’s intention to accept, in whole or in part, any Offer made shall be evidenced by a writing signed by such Offeree and delivered to the Company prior to the end of the 20-day period of such offer, setting forth such of the Offeree’s Basic Amount as such Offeree elects to purchase and, if such Offeree shall elect to purchase all of its Basic Amount, such Undersubscription Amount as such Offeree shall elect to purchase (the “Notice of Acceptance”). If the Basic Amounts subscribed for by all Offerees are less than the total Offered Securities, then each Offeree who has set forth Undersubscription Amounts in its Notice of Acceptance shall be entitled to purchase, in addition to the Basic Amounts subscribed for, all Undersubscription Amounts it has subscribed for; provided, however, that should the Undersubscription Amounts subscribed for exceed the difference between the Offered Securities and the Basic Amounts subscribed for (the “Available Undersubscription Amount”), each Offeree who has subscribed for any Undersubscription Amount shall be entitled to purchase only that portion of the Available Undersubscription Amount as the Undersubscription Amount subscribed for by such Offeree bears to the total Undersubscription Amounts subscribed for by all Offerees, subject to rounding by the Board of Directors to the extent it reasonably deems necessary.

  • Trusts Irrevocable Except as expressly provided herein, all trusts created hereby are irrevocable.

  • Borrowing Notice The Borrower shall deliver to the Agent and the Swing Line Lender irrevocable notice (a "Swing Line Borrowing Notice") not later than noon (Chicago time) on the Borrowing Date of each Swing Line Loan, specifying (i) the applicable Borrowing Date (which date shall be a Business Day), and (ii) the aggregate amount of the requested Swing Line Loan which shall be an amount not less than $100,000. The Swing Line Loans shall bear interest at the Floating Rate.

  • Trust Irrevocable Except as expressly provided herein, the trust created hereby is irrevocable.

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