Common use of Draw Requests Clause in Contracts

Draw Requests. Borrower shall submit to Agent and the Construction Consultant a Draw Request (substantially in the forms attached hereto as SCHEDULES II through IX) ("BORROWER'S REQUISITION") not less than eight (8) Business Days prior to the date upon which a disbursement of the Loan is requested (the "BORROWING DATE") and no more frequently than once in each calendar month (except as otherwise expressly provided in Section 2.10.

Appears in 2 contracts

Sources: Building Loan Agreement (Alexanders Inc), Supplemental Loan Agreement (Alexanders Inc)

Draw Requests. Borrower shall submit to Agent and the Construction Consultant a Draw Request (substantially in the forms attached hereto as SCHEDULES II through IX) ("BORROWER'S REQUISITION") not less than eight (8) Business Days prior to the date upon which a disbursement of the Loan is requested (the "BORROWING DATEDate") and no more frequently than once in each calendar month (except as otherwise expressly provided in Section 2.10.

Appears in 2 contracts

Sources: Project Loan Agreement, Project Loan Agreement (Alexanders Inc)