Common use of Renunciation of Part of the Loan Clause in Contracts

Renunciation of Part of the Loan. The Borrower, with the concurrence of the Guarantor, if any, may renounce, by notice to the Bank, its right to utilize any part of the Loan which has not been disbursed before the receipt of such notice, provided that the resources of the Loan are not subject to the guarantee of an irrevocable letter of credit, pursuant to Article 8.04 of these General Conditions.

Appears in 8 contracts

Samples: Loan Contract, Loan Contract, Amendatory Contract

AutoNDA by SimpleDocs

Renunciation of Part of the Loan. The Borrower, with the concurrence of the Guarantor, if any, may renounce, by written notice to the Bank, its right to utilize any part of the Loan which has not been disbursed before the receipt of such the notice, provided that the resources of the Loan are not subject to the guarantee of an irrevocable letter of credit, pursuant to Article 8.04 of these General Conditions.

Appears in 6 contracts

Samples: Loan Contract, Loan Contract, Loan Contract

Renunciation of Part of the Loan. The Borrower, with the concurrence of the Guarantor, if any, may renounce, by written notice to the Bank, its right to utilize any part of the Loan which has not been disbursed before the receipt of such the notice, provided that the resources of the Loan are not subject to the guarantee of an irrevocable letter of credit, pursuant to amounts foreseen in Article 8.04 6.04 of these General ConditionsConditions are not involved.

Appears in 2 contracts

Samples: Loan Contract, Letter of Agreement for an Individual Operation Within the Line of Credit

Renunciation of Part of the Loan. The Borrower, with the concurrence of the Guarantor, if any, may renounce, by notice to the Bank, its right to utilize any part of the Loan which has not been disbursed before the receipt of such notice, provided that the resources of the Loan are not subject to the guarantee of an irrevocable letter of credit, pursuant to Article 8.04 7.04 of these General Conditions.

Appears in 1 contract

Samples: Loan Contract

AutoNDA by SimpleDocs

Renunciation of Part of the Loan. The Borrower, with the concurrence of the Guarantor, if any, may renounce, by written notice to the Bank, its right to utilize any part of the Loan which has not been disbursed before the receipt of such the notice, provided that the resources of the Loan are not subject to the guarantee of an irrevocable letter of credit, pursuant to amounts foreseen in Article 8.04 5.04 of these General ConditionsConditions are not involved.

Appears in 1 contract

Samples: Loan Contract

Renunciation of Part of the Loan. The Borrower, with the concurrence of the Guarantor, if any, may renounce, by notice to the Bank, its right to utilize any part of the Loan which has not been disbursed before befare the receipt of such notice, provided that the resources of the Loan are not subject to the guarantee of an irrevocable letter of credit, pursuant to Article 8.04 of these General Conditions.

Appears in 1 contract

Samples: Loan Contract

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!