Common use of Payment completion Clause in Contracts

Payment completion. Subject to Clause 14.7 (Payment Systems Disruption ), if each of the conditions set out in Clause 2.4 b) (Conditions precedent) of this Agreement has been met, the Lender shall make the requested Drawdown available to the Borrower not later than the Drawdown Date. The Lender shall provide the Borrower with a letter of Drawdown confirmation substantially in the form set out in Schedule 5B (Form of confirmation of drawdown and rate).

Payment completion. Subject to Clause 14.7 (Payment Systems Disruption ), if each of the conditions set out in Clause 2.4 b2.4(b) (Conditions precedent) of this Agreement has been met, the Lender shall make the requested Drawdown available to the Borrower not later than the Drawdown Date. The Lender shall provide the Borrower with a letter of Drawdown confirmation substantially in the form set out in Schedule 5B (Form of confirmation of drawdown and rate).