Examples of Drawdown Notice in a sentence
Subject to the provisions of this Agreement, the Lender shall on the Drawdown Date make the Commitment available to the Borrower and payment to the Borrower shall be made to the account which the Borrower specify in the Drawdown Notice: The payment by the Lender under this Clause 4.44 ( Disbursement of Advance ) shall constitute the making of the Advance and the Borrower shall at that time become indebted, as principal and direct obligors, to the Lender.
Subject to the following conditions, the Borrower may request an Advance to be borrowed by ensuring that the Lender receives a completed Drawdown Notice not later than 5.00 p.m. one Business Days prior to the relevant Drawdown Date.
A Drawdown Notice must be signed by a duly authorised signatory of the Borrowerand once served, a Drawdown Notice cannot be revoked without the prior consent of the Lender.
A Drawdown Notice must be signed by a duly authorised signatory of the Borrower and once served, a Drawdown Notice cannot be revoked without the prior consent of the Lender.