Common use of Drawdown Period Clause in Contracts

Drawdown Period. Subject to the terms of this Agreement, an Advance shall be made to the Borrower at any time during the Drawdown Period when requested by means of a Drawdown Notice in accordance with this Clause 5. At the close of business on the day of the Drawdown Period the undrawn amount of each Bank's Commitment shall be automatically cancelled.

Drawdown Period. Subject to the terms of this Agreement, an Advance shall be made to the a Borrower at any time during the Drawdown Period when requested by means of a Drawdown Notice in accordance with this Clause 5. At the close of business on the last day of the Drawdown Period the undrawn amount of each Bank's Commitment shall be automatically cancelled.