PREPARATION OF DRAWDOWN NOTICES Sample Clauses

PREPARATION OF DRAWDOWN NOTICES. If on a Determination Date the Manager determines in accordance with the Series Supplement that a Gross Income Shortfall has occurred in respect of the Collection Period just ended the Manager must: (a) (PREPARE DRAWDOWN NOTICE): prepare a Drawdown Notice in accordance with clause 4.3 requesting a Drawing on the next Monthly Distribution Date; and (b) (DELIVER DRAWDOWN NOTICE): deliver the Drawdown Notice to the Trustee no later than the close of business on the Business Day which is not less than 3 Business Days before the proposed Drawdown Date.
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PREPARATION OF DRAWDOWN NOTICES. If on a Determination Date the Manager determines in accordance with the Series Supplement that a Redraw Shortfall has occurred in respect of the Collection Period just ended the Manager must: (a) (Prepare Drawdown Notice): prepare a Drawdown Notice in accordance with clause 4.3 requesting an Advance on the next Distribution Date; and (b) (Deliver Drawdown Notice): deliver the Drawdown Notice to the Trustee no later than the close of business on the Business Day which is not less than 3 Business Days before the proposed Drawdown Date.
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PREPARATION OF DRAWDOWN NOTICES. If on any date the Manager determines that an Advance under this Agreement is to be applied in accordance with the Sub-Fund Notice, the Manager may: (a) (PREPARE DRAWDOWN NOTICE): prepare a Drawdown Notice (containing the details referred to in clause 4.2) requesting an Advance on that date of an amount determined by the Manager; and (b) (DELIVER DRAWDOWN NOTICE): deliver the Drawdown Notice to the Redraw Facility Provider, with a copy to the Borrower, no later than the close of business on that day (or such later time as the Redraw Facility Provider and the Borrower may agree).
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PREPARATION OF DRAWDOWN NOTICES. If on a Determination Date the Manager determines in accordance with the Series Supplement that a Gross Income Shortfall has occurred in respect of the Collection Period just ended the Manager must: (a) (Prepare Drawdown Notice): prepare a Drawdown Notice in accordance with clause 4.3 requesting a Drawing on the next Distribution Date; and
Sample 1

Related to PREPARATION OF DRAWDOWN NOTICES

  • Drawdown Notice At any time during the Commitment Period, the Company may request the Investor to purchase shares of Common Stock by delivering a Drawdown Notice to the Investor, subject to the conditions set forth in Section 7.2; provided, however, the amount for each Advance as designated by the Company in the applicable Drawdown Notice shall not be more than the Maximum Advance Amount and the aggregate amount of the Advances pursuant to this Agreement shall not exceed the Commitment Amount. The Company acknowledges that the Investor may sell shares of the Company’s Common Stock corresponding with a particular Drawdown Notice after the Drawdown Notice is received by the Investor. There shall be a minimum of five (5) Trading Days between each Drawdown Notice Date.

  • Suspension of drawdown If the Agent’s notice under Clause 5.8 is served before an Advance is made: (a) in a case falling within Clauses 5.7(a) or 5.7(b), the Lenders’ obligations to make the Advance; and (b) in a case falling within Clause 5.7(c), the Affected Lender’s obligation to participate in the Advance, shall be suspended while the circumstances referred to in the Agent’s notice continue.

  • Delivery of a Utilisation Request The Borrower may utilise the Facility by delivery to the Agent of a duly completed Utilisation Request not later than the Specified Time.

  • 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.

  • Completion of a Utilisation Request (a) Each Utilisation Request is irrevocable and will not be regarded as having been duly completed unless: (i) the proposed Utilisation Date is a Business Day within the Availability Period; (ii) the currency and amount of the Utilisation comply with Clause 5.3 (Currency and amount); and (iii) the proposed Interest Period complies with Clause 9 (Interest Periods). (b) Only one Loan may be requested in each Utilisation Request.

  • Drawdown Subject to the terms and conditions of this Agreement, each Advance shall be made to the Borrowers following receipt by the Agent from the Borrowers of a Drawdown Notice not later than 10:00 a.m. on the third Banking Day before the date, which shall be a Banking Day falling within the Drawdown Period for such Advance, on which the Borrowers propose such Advance is made. A Drawdown Notice shall be effective on actual receipt by the Agent and, once given, shall, subject as provided in clause 3.6.1, be irrevocable.

  • DELIVERY OF PUT NOTICES (I) Subject to the terms and conditions of the Equity Line Transaction Documents, and from time to time during the Open Period, the Company may, in its sole discretion, deliver a Put Notice to the Investor which states the dollar amount (designated in U.S. Dollars) (the "Put Amount"), which the Company intends to sell to the Investor on a Closing Date (the "Put"). The Put Notice shall be in the form attached hereto as Exhibit C and incorporated herein by reference. The amount that the Company shall be entitled to Put to the Investor (the "Put Amount") shall be equal to, at the Company's election, either: (A) Two Hundred percent (200%) of the average daily volume (U.S. market only) of the Common Stock for the Ten (10) Trading Days prior to the applicable Put Notice Date, multiplied by the average of the three (3) daily closing bid prices immediately preceding the Put Date, or (B) two hundred fifty thousand dollars ($250,000). During the Open Period, the Company shall not be entitled to submit a Put Notice until after the previous Closing has been completed. The Purchase Price for the Common Stock identified in the Put Notice shall be equal to ninety-three percent (93%) of the lowest Volume Weighted Average Price (VWAP) of the Common Stock during the Pricing Period.

  • SPECIAL DELIVERY INSTRUCTIONS All shipments will be FOB destination (as specified on Ordering Entity Purchase Order).

  • Posting Notices 13.01 The Union shall have the privilege of having its notices posted at specified places on the Company's premises. The Company shall supply two (2) bulletin boards for that purpose. The Company maintains the right to remove notices or postings that it, reasonably deems to be inappropriate.

  • Directing Requests Requests in writing for negotiation meetings from the Association will be made directly to the Superintendent or his/her designee. Requests from the Board will be made in writing to the President of the Association. Requests for negotiations shall be submitted between 60 and 90 days prior to the expiration of the contract term.

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