Giving of Requests Sample Clauses
The 'Giving of Requests' clause defines the procedures and requirements for formally submitting requests between parties under an agreement. Typically, it outlines the acceptable methods for delivering requests, such as in writing or via electronic communication, and may specify to whom and where such requests should be sent. This clause ensures that all parties have a clear, consistent process for making requests, reducing misunderstandings and disputes about whether a request was properly made or received.
Giving of Requests. (a) A Borrower may borrow a Loan by giving to the Facility Agent a duly completed Request.
(b) Unless the Facility Agent otherwise agrees, the latest time for receipt by the Facility Agent of a duly completed Request is 11.00 a.m. one Business Day before the Rate Fixing Day for the proposed borrowing.
(c) Each Request is irrevocable.
Giving of Requests. (a) The Borrower may borrow each Loan by giving to the Facility Agent a duly completed Request in respect of a Drawing under that Loan.
(b) Unless the Facility Agent otherwise agrees, the latest time for receipt by the Facility Agent of a duly completed Request is 12:00 noon (New York time) four (4) Business Days prior to the proposed date for the borrowing.
(c) Each Request is irrevocable.
Giving of Requests. (a) The Borrower may borrow amounts under the Credit Facilities (Short Term Loans and/or On Call Credits) by submitting a duly completed Request to the Bank followed by a telephone confirmation made by the Borrower to the Bank regarding the receipt of each relevant Request by the Bank.
(b) Unless the Bank otherwise agreed, the latest time for receipt by the Bank of a duly completed Request is 12:00 noon on the relevant day on which the Request is submitted. Request that was received at the Bank after 12:00 noon will be deemed received on the first Business Day occurring thereafter (the "Date of Deemed Receipt"). The Drawdown Date shall be on the date of the receipt of a competed Request by the Bank (subject to clause 5.1(a) and 5.2(a)) or on the Date of Deemed Receipt (unless the Request specifies a later date), as applicable.
(c) Each Request shall be irrevocable.
Giving of Requests. (a) The Owner may borrow a Loan by giving to the Facility Agent a duly completed Request.
(b) Unless the Facility Agent otherwise agrees, the latest time for receipt by the Facility Agent of a duly completed Request is 11.00 a.m. three Business Days prior to the date of the proposed borrowing and, in respect of the Delivery Loan, ten Business Days prior to the date of the proposed borrowing. The Owner undertakes that any advance notices regarding expected payment dates of Instalments shall be promptly delivered to the Facility Agent at the same time as such notices are received by the Owner, Manager or Sponsor, as the case may be, from the Builder. The Facility Agent shall provide copies of such advance notices promptly to KEXIM upon receipt of the same from the Owner and to the other Lenders upon request.
(c) The Owner may, subject to Clauses 4.1(d) and 4.1(e), submit up to only four Requests, one in respect of each of the Instalment Loan 1, the Instalment Loan 2, the Instalment Loan 3, and the Delivery Loan (each an Instalment Loan).
(d) Notwithstanding Clause 4.1(c), the Owner may submit one Request for the Incidental Costs Loan and Requests for Incidental Vessel Costs Loans in accordance with the provisions of Clause 4.2 (Completion of Requests).
(e) Notwithstanding Clause 4.1(c), if on the Final Completion Date there is an Undrawn Amount, the Owner may, if the Facility Agent (acting on the instructions of all the Lenders who shall have full discretion in connection with such instructions) so agrees, and on such terms and subject to such conditions as the Facility Agent may, acting on such instructions, require, submit a Request for an amount not exceeding the Undrawn Amount to be used to reimburse the Owner for amounts of Vessel Costs paid by it and not already financed hereunder or such other purposes as the Lenders may agree.
(f) Each Request is irrevocable.
Giving of Requests. (a) A Borrower may borrow a Loan by giving to the Facility Agent a duly completed Request.
(b) Unless the Facility Agent otherwise agrees, the latest time for receipt by the Facility Agent of a duly completed Request is 9.30 a.m. (i) one Business Day (for a Loan denominated in Sterling) and (ii) three Business Days (for a Loan denominated in any other currency), in each case, before the Utilisation Date for the proposed borrowing.
(c) Each Request is irrevocable.
Giving of Requests. (a) The Borrower may request a Letter of Credit to be issued by giving to the Facility Agent a duly completed Request.
(b) Unless the Facility Agent otherwise agrees, the latest time for receipt by the Facility Agent of a duly completed Request is 11.00 a.m., London time, three (3) Business Days prior to the proposed Utilisation Date.
(c) Each Request is irrevocable.
Giving of Requests. (a) The Company may borrow a Loan by giving to the Lender a duly completed Request.
(b) Unless the Lender otherwise agrees, the latest time for receipt by the Lender of a duly completed Request is 11:00 a.m. two Business Days before the Utilization Date for the proposed Loan.
Giving of Requests. (a) A Borrower may borrow a Loan by giving to the Facility Agent a duly completed Request.
(b) Unless the Facility Agent otherwise agrees, the latest time for receipt by the Facility Agent of a duly completed Request is (i) 4.00 p.m. one Business Day before the Rate Fixing Day for the proposed borrowings to be made in a currency other than £; and (ii) 2.00 p.m. one Business Day before the Rate Fixing Day for the proposed borrowings to be made in £.
(c) Each Request is irrevocable.
Giving of Requests. 3.4.1. The Borrower may borrow a Loan during the Availability Period by giving to the Lender a duly completed Request. A Request is irrevocable.
3.4.2. Unless the Lender otherwise agrees, the latest time for receipt by the Lender of a duly completed Request is 12.00 p.m. five Business Days before the Utilisation Date.
Giving of Requests. (a) On and from the BNPP Facility Cancellation Date, the Revolving Facility may be utilised by way of Letters of Credit.
(b) Subject to Clause 6.4 (Existing Letters of Credit), the Company or a Borrower may request a Letter of Credit to be issued by giving to the Facility Agent a duly completed Request.
(c) Unless the Facility Agent otherwise agrees, the latest time for receipt by the Facility Agent of a duly completed Request is 11.00 a.m. one Business Day before the Rate Fixing Day.
(d) Each Request is irrevocable.
(e) Clause 5 (Utilisation - Loans) does not apply to a Utilisation by way of Letter of Credit.