A Drawdown Request Clause Samples

A Drawdown Request. (a) may only specify a single Loan; (b) shall only be regarded as having been completed if: (i) the requested Drawdown Date is a Business Day before the end of the Availability Period; (ii) the proposed Interest Period complies with clause 7; (iii) the proposed Repayment Date is not later than the Termination Date; and (c) once it has been delivered, is irrevocable.
View SourceView Similar (3)
A Drawdown Request. 21.2.1 may only specify a single Loan; and 21.2.2 shall only be regarded as having been completed if the Loan requested is for the full amount of the Facility:
View Source
A Drawdown Request shall only be complete if the requested Drawdown Date is at least a Business Day before the end of the Availability Period; and once it has been delivered, is irrevocable. 6 INTEREST 6.1 The interest rate on the Loan is floating and non-indexed (óverðtryggt) and is the percentage rate per annum, to be the total of: the Margin; and the Base Interest Rate.
View Source
A Drawdown Request. A copy of a Creditor Accession Undertaking in relation to the Intercreditor Agreement, whereunder the Lender is accepted as an Additional Lender (as the term is defined in the Intercreditor Agreement) and the Facility Agreement is added as an Additional Loan Document (as the term is defined in the Intercreditor Agreement), executed by the Lender.
View Source
A Drawdown Request. (a) shall only be complete if: (i) the requested Drawdown Date is at least a Business Day before the end of the Availability Period; and (ii) the latest quarterly progress report submitted by the Borrower to the Lender before such Drawdown Request (each a "Progress Report") confirms that the progress of the Project, at the time of the relevant Progress Report, was in accordance with the Cost Plan and the Construction Plan provided by the Borrower to the Lender in respect of the Project. The Lender and the Project Monitor (as instructed by the Lender) shall be authorised to assess and evaluate the contents of each Progress Report, if deemed necessary (acting reasonably). For the avoidance of doubt, each Drawdown Request is subject to the approval of the Lender pursuant to the process set out in subparagraph (ii) above, and the Lender shall be authorised to (1) reject the respective Drawdown Request, or (2) lower the requested amount, acting reasonably, in the event that the Lender deems the progress of the Project not to be in accordance with the Construction Documents, acting reasonably. (b) once it has been delivered, is irrevocable.
View Source
A Drawdown Request. (a) may only specify a single Loan; (b) shall specify the amount to be drawndown under the Marquis Loan and the Regiment Loan, such amounts to be equal; (c) shall only be regarded as having been completed if: (i) the requested Drawdown Date is a Business Day before the expiry of the Certain Funds Period; and (ii) once it has been delivered, is irrevocable.
View Source

Related to A Drawdown Request

  • Delivery of a Utilisation Request The Borrower may utilise the Facility by delivery to the Agent of a duly completed Utilisation Request not later than the Specified Time.

  • Completion of a Utilisation Request (a) Each Utilisation Request is irrevocable and will not be regarded as having been duly completed unless: (i) the proposed Utilisation Date is a Business Day within the Availability Period; (ii) the currency and amount of the Utilisation comply with Clause 5.3 (Currency and amount); and (iii) the proposed Interest Period complies with Clause 10 (Interest Periods). (b) Only one Loan may be requested in each Utilisation Request.

  • Loan Request See Section 2.6.

  • Drawdown Subject to the terms and conditions of this Agreement, each Advance shall be made to the Borrowers following receipt by the Agent from the Borrowers of a Drawdown Notice not later than 10:00 a.m. on the third Banking Day before the date, which shall be a Banking Day falling within the Drawdown Period for such Advance, on which the Borrowers propose such Advance is made. A Drawdown Notice shall be effective on actual receipt by the Agent and, once given, shall, subject as provided in clause 3.6.1, be irrevocable.

  • Incremental Loan Request Each Incremental Loan Request from the Borrower pursuant to this Section 2.14 shall set forth the requested amount, the Approved Currency and proposed terms of the relevant Incremental Term Loans or Incremental Revolving Credit Commitments. Incremental Term Loans may be made, and Incremental Revolving Credit Commitments may be provided, by any existing Lender (but each existing Lender will not have an obligation to make any Incremental Commitment, nor will the Borrower have any obligation to approach any existing lenders to provide any Incremental Commitment) or by any other bank or other financial institution (any such other bank or other financial institution being called an “Additional Lender”) (each such existing Lender or Additional Lender providing such, an “Incremental Revolving Credit Lender” or “Incremental Term Lender,” as applicable, and, collectively, the “Incremental Lenders”); provided that (i) the Administrative Agent, each Swing Line Lender and each L/C Issuer shall have consented (not to be unreasonably withheld or delayed) to such Lender’s or Additional Lender’s making such Incremental Term Loans or providing such Revolving Commitment Increases to the extent such consent, if any, would be required under Section 10.07(b) for an assignment of Loans or Revolving Credit Commitments, as applicable, to such Lender or Additional Lender, (ii) with respect to Incremental Term Commitments, any Affiliated Lender providing an Incremental Term Commitment shall be subject to the same restrictions set forth in Section 10.07(l) as they would otherwise be subject to with respect to any purchase by or assignment to such Affiliated Lender of Term Loans and (iii) Affiliated Lenders may not provide Incremental Revolving Credit Commitments.