Common use of Drawdown of Advances Clause in Contracts

Drawdown of Advances. 3.1.1 Subject to the terms and conditions of this Convertible Loan Agreement, the Company may draw Advances provided that: (i) the Lender shall have received a duly completed and executed Drawdown Notice not later than 10.00 a.m. PST on the twelfth Business Day before the proposed Drawdown Date; (ii) the Advance drawn under the Facility shall be (a) denominated in USD, and (b) in the minimum amount of USD 100,000; and (iii) the aggregate amount of all Advances may not exceed the Commitment.

Drawdown of Advances. 3.1.1 4.1.1 Subject to the terms and conditions of this Convertible Loan Agreement, the Company may draw Advances provided that: (i) the Lender shall have received a duly completed and executed Drawdown Notice not later than 10.00 a.m. PST CET on the twelfth Business Day before the proposed Drawdown Date; (ii) the Advance drawn under the Facility shall be (a) denominated in USDEUR, and (b) in the minimum amount of USD EUR 100,000; and (iii) the aggregate amount of all Advances may not exceed the Commitment.