Requested Drawdown Date definition

Requested Drawdown Date means a Business Day specified for a Disbursement of the Guaranteed Credits in any Notice of Borrowing delivered in accordance with Section 3.02.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Requested Drawdown Date. Means a business day during the Commitment Period on which the Borrower requests the disbursement of a loan, as set out in the relevant Drawdown Notice.

Requested Drawdown Date. [o] Principal Amount: [o] Interest Period: [o] The proceeds of the Advance should be credited to [o] [insert name and number of account]. We confirm that, as of the date hereof (i) each condition specified in Clause 3 (Conditions precedent) of the Loan Agreement is satisfied; (ii) each of the representations and warranties set out in Clause 16 (Representations) of the Loan Agreement is true and correct; and (iii) no event or circumstances has occurred and is continuing which constitute or may constitute an Event of Non-compliance. Yours sincerely for and on behalf of Ship Finance International Limited By: __________________________________ Name: Title: [authorised officer] SCHEDULE 5 Form of Selection Notice To: DNB NOR BANK ASA Date: [o] Tranche A of the USD 1,131,439,219 amended and restated loan facility agreement dated 18 September 2006 (the "Loan Agreement")

Examples of Requested Drawdown Date in a sentence

• Drawdown Notice Amounts To be a minimum of 100 million yen and in increments of 100 million yen thereafter; provided that the foregoing is not required to be applied in the case of a request of a loan drawdown for the amount of the requested loan equal to the reasonably anticipated balance of the loan under the SSTL as of the Requested Drawdown Date.

• Deadline for submitting Drawdown Notice By 10:00 am 3 Business Days prior to the applicable Requested Drawdown Date.

• We confirm that as of the date of the Drawdown Notice and presently on the Requested Drawdown Date set out below, each condition precedent prescribed in Article 2-2 of the Agreement relating to the Lending Obligations is fulfilled.

• Subordinated Syndicated Loan Agreement dated October 26, 2018, for Takeda Pharmaceutical Company Limited Deadline for delivery of Drawdown Notice to Lender 3 Days prior to the applicable Requested Drawdown Date.

• If the Requested Drawdown Date is not a Business Day, the Disbursement will be made either (i) on the next Business Day or (ii) if the next Business Day occurs after the Final Disbursement Date, on the immediately preceding Business Day.

• The requested Letter of Credit shall be issued on the relevant Requested Drawdown Date, provided that the L/C Bank has received the related Certificate Approving Letter of Credit and no Drawstop Notice has been delivered and not otherwise withdrawn.

• The Facility Agent shall promptly, but in no event later than four Business Days prior to the Requested Drawdown Date, give the Lender notice of (i) the amount to be reimbursed to the L/C Bank and (ii) the Requested Drawdown Date for such amount.

• The Borrower shall submit a Drawdown Notice to the Intercreditor Agent, JBIC and the JBIC Facility Agent at least ten (10) days on which banks are generally open for business in Tokyo, Japan prior to the Requested Drawdown Date.

• If on or prior to the sixth Business Day prior to the Requested Drawdown Date the Asset Management Division has determined that all conditions precedent are not fulfilled to its satisfaction then it shall issue a Drawstop Notice to the Facility Agent and the L/C Bank (with a copy to the Operations Division).

• If a Notice of Borrowing includes a request for a Drawing on any Requested Drawdown Date, then the Facility Agent shall promptly provide a copy of such Notice of Borrowing to the L/C Bank.

More Definitions of Requested Drawdown Date

Requested Drawdown Date. Principal Amount Interest Period(s)* Maturity Date** $ Such Competitive Bid Quotes should offer a Competitive Bid Rate. Capitalized terms which are used herein without definition and which are defined in the Credit Agreement shall have the same meanings herein as in the Credit Agreement. Please respond to this invitation by no later than 10:00 a.m. (Boston time) on the requested Drawdown Date to the attention of [ ] at facsimile number [ ]. BANKBOSTON, N.A., as Agent By:___________________________________ Title: -------------------- * Up to three Interest Periods may be specified. ** Last day of Interest Period Competitive Bid Quote BankBoston, N.A., as Agent ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Attention:

Requested Drawdown Date has the meaning given to such term in the relevant Drawdown Notice.

Requested Drawdown Date means (i) with respect to the Equity Bridge Loan Facility and the Working Capital Facility, the date requested by the Borrower for the making of such Loan and (ii) with respect to the Tranche A Facility and the Tranche B Facility each of the dates set forth in Schedule II to the Note Purchase Agreement and Schedule III to the Credit Agreement, as applicable.

Requested Drawdown Date. [—] Principal Amount: [—] Interest Period: [—]