Common use of Drawdown Request Clause in Contracts

Drawdown Request. Not later than the Specified Time (or, as the case may be, such later time as may be acceptable to the Agent and the Banks for the purpose of the relevant request), the Agent has received from the Borrower a notice substantially in the form set out in Schedule 6 specifying: (a) whether the Advance is to be made under Tranche A or Tranche B; (b) the proposed date of that Advance, which must be a Business Day before the relevant Final Maturity Date, and if the Advance is to be made under Tranche A, is a date on which the Tranche B Available Amount is zero; (c) its amount which must be or produce a Euro Amount equal to or less than the Tranche A Available Amount or, as the case may be, the Tranche B Available Amount and, if less, must be a Required Amount; (d) the currency (which must be Euros or an Optional Currency) in which the Borrower wishes that Advance to be made; (e) its Term, which must be in accordance with Clause 8.1 (Term of Advances); and (f) details of the bank (which must be in the Place of Payment) and account to which the Borrower wishes the proceeds of that Advance to be made available by the Agent.

Drawdown Request. Not later than the Specified Time (or, as the case may be, such later time as may be acceptable to the Agent and the Banks for the purpose of the relevant request), the Agent has received from the Borrower a notice requesting an Advance substantially in the form set out in Schedule 6 specifying: (a) whether that the Advance is to be made under Tranche A or Tranche B; (b) the proposed date of that Advance, which must be a Business Day before the relevant Final Maturity Date, and if the Advance is to be made under Tranche A, is a date on which the Tranche B Available Amount is zero; (c) its the amount of the Advance, which must be or produce a Euro Amount equal to or less than the Tranche A Available Amount or, as the case may be, the Tranche B Available Amount and, if less, must be a Required Amount; (d) the currency (which must be Euros euro or an Optional Currency) in which the Borrower wishes that Advance to be made; (e) its Termthe Term of the Advance, which must be in accordance with Clause 8.1 (Term of Advances); and (f) details of the bank (which must be in the Place of Payment) and account to which the Borrower wishes the proceeds of that Advance to be made available by the Agent.