Common use of Borrowing Procedure for Requesting an Advance Clause in Contracts

Borrowing Procedure for Requesting an Advance. The Borrower may request a borrowing to be secured by any Eligible Assets hereunder, on any Business Day during the period from and including the Effective Date to but excluding the Maturity Date, by delivering to the Lender, with a copy to the Custodian, an Asset Data Transmission and an irrevocable Notice of Borrowing and Pledge substantially in the form of Exhibit D hereto (a “Notice of Borrowing and Pledge”), appropriately completed, which must be received no later than three (3) Business Days prior to the requested Funding Date. Such Notice of Borrowing and Pledge shall include an Asset Schedule in respect of the Eligible Assets that the Borrower proposes to pledge to the Lender and to be included in the Borrowing Base in connection with such borrowing.

Borrowing Procedure for Requesting an Advance. The Borrower may request a borrowing to be secured by any Eligible Assets hereunder, on any Business Day during the period from and including the Effective Date to but excluding the Maturity Date, by delivering to the Lender, with a copy to the Custodian, an Asset Data Transmission and an irrevocable Notice of Borrowing and Pledge substantially in the form of Exhibit D hereto (a “"Notice of Borrowing and Pledge”"), appropriately completed, which must be received no later than three (3) Business Days prior to the requested Funding Date. Such Notice of Borrowing and Pledge shall include an Asset Schedule in respect of the Eligible Assets that the Borrower proposes to pledge to the Lender and to be included in the Borrowing Base in connection with such borrowing.