Common use of Drawdown Notice irrevocable Clause in Contracts

Drawdown Notice irrevocable. Any Drawdown Notice made pursuant to Section 2.5(1) shall be irrevocable and the Borrower shall be bound to borrow the funds requested therein in accordance therewith. The crediting of the applicable Advance to the Borrower in the Lender’s records conclusively establishes, in the absence of manifest error, the Borrower’s obligation to repay such Advance as provided herein.

Appears in 1 contract

Sources: Credit Agreement (Village Farms International, Inc.)

Drawdown Notice irrevocable. Any Drawdown Notice made pursuant to Section 2.5(1) shall be irrevocable and the applicable Borrower shall be bound to borrow the funds requested therein in accordance therewith. The crediting of the applicable Advance to the applicable Borrower in the Lender’s records conclusively establishes, in the absence of manifest error, the such Borrower’s obligation to repay such Advance as provided herein.

Appears in 1 contract

Sources: Credit Agreement (Village Farms International, Inc.)