Common use of ADVANCE OF SEGMENT Clause in Contracts

ADVANCE OF SEGMENT. (a) Subject to this Agreement, whenever Treasury UK requests a Segment of the Sterling Cash Facility, the Lender will (through its Lending Office in the United Kingdom) make available that Segment to such account as may be notified to the Lender by Treasury UK on the relevant Drawdown Date in Same Day Funds in Sterling. (b) Unless otherwise agreed, a request by Treasury UK for a Segment of the Sterling Cash Facility may be made by telephone, shall be made prior to 10.00 a.m. (London time) on the date on which the relevant Segment is to be made available (which shall be a Business Day) and shall be followed as soon as practicable by a Drawdown Notice substantially in the form of Annexure A from Treasury UK to the Lender. Any Telephone Request shall contain the details required in the Drawdown Notice and shall be irrevocable. (c) The principal amount of each Segment of the Sterling Cash Facility shall be a minimum of: (i) [pound]2,000,000; or (ii) the Sterling equivalent (determined at the Exchange Rate as at the Drawdown Date) of the Undrawn Commitment (if less than [pound]2,000,000); or (iii) such other amount as the Lender may agree, and shall be a multiple of [pound]1,000,000 and shall not cause a breach of Clause 2.

ADVANCE OF SEGMENT. (a) Subject to this Agreement, whenever Treasury UK NZ requests a Segment of the Sterling NZ$ Cash Advance Facility, the Lender BNZ will (through its BNZ Lending Office in the United Kingdom) make available that Segment to such account as may be notified to the Lender BNZ by Treasury UK NZ on the relevant Drawdown Date in Same Day Funds in SterlingNZ dollars. (ba) Unless otherwise agreed, a request by Treasury UK NZ for a Segment of the Sterling NZ$ Cash Advance Facility may be made by telephone, shall be made prior to 10.00 a.m. 11:00am (London Auckland time) on the date on which the relevant Segment is to be made available (which shall be a Business Day) and shall be followed as soon as practicable by a Drawdown Notice substantially in the form of Annexure A C from Treasury UK NZ to the LenderBNZ. Any Telephone Request telephone request shall contain the details required in the Drawdown Notice and shall be irrevocable. (cb) The Unless otherwise agreed, the principal amount of each Segment of the Sterling NZ$ Cash Advance Facility shall be a minimum of: (i) [pound]2,000,000NZ$ 5,000,000; or (ii) the Sterling NZ dollar equivalent (determined at the Exchange Rate as at the Drawdown Date) of the Undrawn Commitment (if less than [pound]2,000,000NZ$ 5,000,000); or (iii) such other amount as the Lender may agree, and shall be a multiple of [pound]1,000,000 and shall not cause a breach of Clause 2.