Common use of Drawdown Notices Clause in Contracts

Drawdown Notices. Each request by the Company for withdrawal under the Credit Line shall be made by giving to the Lender a notice (the “Drawdown Request”). Each portion of the Credit Line so requested to be withdrawn by the Company and which the Company is entitled to receive, shall be advanced by the Lender within three (3) business days of the Lender receiving Company’s said request, by wire transfer thereof to any of Company’s bank accounts specified in the Drawdown Request.

Appears in 3 contracts

Sources: Credit Line Agreement (G Medical Innovations Holdings Ltd.), Credit Line Agreement (G Medical Innovations Holdings Ltd.), Credit Line Agreement (G Medical Innovations Holdings Ltd.)