Examples of Notice of Drawdown in a sentence
Terms defined in the Financial Agreement have their defined meanings when used in this Notice of Drawdown.
The Borrower shall not be entitled to give any Notice of Drawdown hereunder unless the Agent shall have confirmed to the Borrower by facsimile or letter that it has received three days prior to the proposed Drawdown Date each of the documents specified in Part 1 of the First Schedule and found the same to be satisfactory to it in form and substance.
If a Bank's Commitment is reduced in accordance with the terms hereof after the Agent has received the Notice of Drawdown for an Advance and such reduction was not taken into account in the Available Facility, then the amount of that Advance shall be reduced accordingly.
In the event the Borrower fails to give, if applicable, a valid replacement Notice of Drawdown with respect to a Drawdown originally requested by way of a LIBOR Based Loan, then the Borrower shall be deemed to have requested a Drawdown by way of a U.S. Base Rate Loan in the amount specified in the original Notice of Drawdown and, on the originally requested Drawdown Date, the Lenders (subject to the other provisions hereof) shall make available the requested amount by way of a U.S. Base Rate Loan.
Where the Borrower so elects in the Notice of Drawdown, Notice of Rollover or Notice of Conversion or Section 9.2(f) applies, the Borrower will be responsible for, and will make its own arrangements with respect to, the sale of Bankers' Acceptances in the marketplace.