Draw Notice definition

Draw Notice has the meaning set forth in Section 2.02.

Draw Notice means a written notice to the LOC Bank setting forth the Letter of Credit Draw that the Company requests from the LOC Bank pursuant to the Letter of Credit and which identifies the Additional Closing Date and which includes the Draw Notice Representation.

Draw Notice means the form of notice, substantially in the form of Exhibit B hereto, from the City to the Bank requesting that the Bank advance funds hereunder.

Examples of Draw Notice in a sentence

• The Issuer shall have delivered a Delayed Draw Notice to the Purchasers and Agent at least fifteen (15) Business Days prior to the proposed Delayed Draw Funding Date.

• Each Delayed Draw Notice shall be deemed to be a representation and warranty by the Issuer that the conditions specified in Section 8.2 and Section 8.3 have been satisfied on and as of the date of the applicable Delayed Draw Funding Date.

• Upon receipt of a Draw Notice by such Borrower, such Borrower shall be irrevocably and unconditionally obligated to reimburse the L/C Issuer for any amounts paid by the L/C Issuer upon any drawing under any Letter of Credit, without presentment, demand, protest or other formalities of any kind on the second Domestic Business Day following the date of receipt.

• Subject to Section 2.2(a) and Section 6.3, at any time during the Commitment Period, in order to exercise its right to issue and sell additional Common Stock or Warrants to Purchaser and request a Letter of Credit Draw, the Company shall concurrently deliver (i) a Draw Notice to the LOC Bank at least five Business Days prior to the applicable Additional Closing Date and (ii) a copy of any Draw Notice to Purchaser.

• The Delayed Draw Eligibility Event shall have occurred and the Borrower shall have delivered the Delayed Draw Notice.

More Definitions of Draw Notice

Draw Notice has the meaning given to it in Clause 26.15(g).

Draw Notice has the meaning specified in Section 3.2(a).

Draw Notice means a notice, substantially in the form set forth hereto as Exhibit B, pursuant to which the Borrower requests Draws from the Lenders.

Draw Notice has the meaning specified therefor in Section 2.02(a)(i).

Draw Notice means a Draw Notice substantially in the form of Exhibit C hereto.

Draw Notice has the meaning set forth in Section 4.10(b).

Draw Notice means in the form of notice set forth in Schedule 1 hereto (or such other form as mutually agreed to by the Company and the Investor, each acting reasonably), to be delivered to the Investor by the Company, which Draw Notice shall contain the respective Draw Amount together with the respective number of Draw Shares;