Completion of Drawdown Notice Sample Clauses

Completion of Drawdown Notice. 4.2.1 Each Drawdown Notice is irrevocable and will not be regarded as having been duly completed unless: (a) the proposed Drawdown Date is a Banking Day falling not later than three (3) months before the Final Maturity Date; (b) the requested amount of the proposed Advance is a minimum of USD 10,000,000 or the equivalent thereof in any Nominated Currency, calculated at the Agent’s Sport Rate of Exchange, or, if less, the Available Facility; (c) only one Interest Period is specified, which Interest Period may not extend beyond the Final Maturity Date; and (d) it is completed and signed by Authorised Signatories substantially in the form set out in Appendix 3. 4.2.2 The requested Advance may not exceed the Available Facility, as determined by the Facility Agent on the date which is three (3) Banking Days before the Drawdown Date or, if later, on the date the Facility Agent receives the Drawdown Notice. 4.2.3 The Borrower may not deliver a Drawdown Notice if as a result of the proposed Drawdown more than ten (10) Advances would be outstanding. 4.2.4 Subject to Clause 4.2.3 hereof, the Borrower may deliver any number of Drawdown Notices on the same day and/or specify the same Drawdown Date. 4.2.5 The Drawdown Notice shall specify the account number/-s held by the Borrower with the Facility Agent to which the proceeds of the drawn amount are to be paid. 4.2.6 The Drawdown Notice shall contain an irrevocable instruction from the Borrower to the Facility Agent to transfer the proceeds of the drawn amount from the account referred to in Clause 4.2.5 to a specified account of Stena Investment held with the Security Agent with reference “Inter Company Loan”.