PREPARATION OF DRAWDOWN NOTICES Sample Clauses

The "Preparation of Drawdown Notices" clause defines the process by which a borrower formally requests the disbursement of funds under a loan agreement. Typically, this clause outlines the required format, content, and timing for submitting a drawdown notice, such as specifying the amount to be drawn, the proposed drawdown date, and any supporting documentation needed. By establishing clear procedures for requesting funds, this clause ensures both parties understand the steps involved, thereby reducing the risk of misunderstandings or delays in the disbursement process.
PREPARATION OF DRAWDOWN NOTICES. If on a Determination Date the Manager determines in accordance with the Series Supplement that a Gross Income Shortfall has occurred in respect of the Collection Period just ended the Manager must: (a) (PREPARE DRAWDOWN NOTICE): prepare a Drawdown Notice in accordance with clause 4.3 requesting a Drawing on the next Monthly Distribution Date; and (b) (DELIVER DRAWDOWN NOTICE): deliver the Drawdown Notice to the Trustee no later than the close of business on the Business Day which is not less than 3 Business Days before the proposed Drawdown Date.
View SourceView Similar (11)
PREPARATION OF DRAWDOWN NOTICES. If on a Determination Date the Manager determines in accordance with the Series Supplement that a Redraw Shortfall has occurred in respect of the Collection Period just ended the Manager must: (a) (Prepare Drawdown Notice): prepare a Drawdown Notice in accordance with clause 4.3 requesting an Advance on the next Distribution Date; and (b) (Deliver Drawdown Notice): deliver the Drawdown Notice to the Trustee no later than the close of business on the Business Day which is not less than 3 Business Days before the proposed Drawdown Date.
View SourceView Similar (6)
PREPARATION OF DRAWDOWN NOTICES. If on any date the Manager determines that an Advance under this Agreement is to be applied in accordance with the Sub-Fund Notice, the Manager may: (a) (PREPARE DRAWDOWN NOTICE): prepare a Drawdown Notice (containing the details referred to in clause 4.2) requesting an Advance on that date of an amount determined by the Manager; and (b) (DELIVER DRAWDOWN NOTICE): deliver the Drawdown Notice to the Redraw Facility Provider, with a copy to the Borrower, no later than the close of business on that day (or such later time as the Redraw Facility Provider and the Borrower may agree).
View SourceView Similar (4)
PREPARATION OF DRAWDOWN NOTICES. If on a Determination Date the Manager determines in accordance with the Series Supplement that a Gross Income Shortfall has occurred in respect of the Collection Period just ended the Manager must:
View SourceView Similar (2)

Related to PREPARATION OF DRAWDOWN NOTICES

  • Drawdown Notice At any time during the Commitment Period, the Company may request the Investor to purchase shares of Common Stock by delivering a Drawdown Notice to the Investor, subject to the conditions set forth in Section 7.2; provided, however, the amount for each Advance as designated by the Company in the applicable Drawdown Notice shall not be more than the Maximum Advance Amount and the aggregate amount of the Advances pursuant to this Agreement shall not exceed the Commitment Amount. The Company acknowledges that the Investor may sell shares of the Company’s Common Stock corresponding with a particular Drawdown Notice after the Drawdown Notice is received by the Investor. There shall be a minimum of five (5) Trading Days between each Drawdown Notice Date.

  • Suspension of drawdown If the Agent’s notice under Clause 6.5 is served before the Loan is made: (a) in a case falling within Clauses 6.5(a) or 6.5(b), the Lenders’ obligations to make the Loan; (b) in a case falling within Clause 6.5(c), the Affected Lender’s obligation to participate in the Loan; shall be suspended while the circumstances referred to in the Agent’s notice continue.

  • Delivery of a Utilisation Request The Borrower may utilise the Facility by delivery to the Agent of a duly completed Utilisation Request not later than the Specified Time.

  • Drawdown Notice irrevocable A Drawdown Notice must be signed by a director, an officer or a duly authorized attorney-in-fact of the Borrowers and once served, a Drawdown Notice cannot be revoked without the prior consent of the Agent.

  • Completion of a Utilisation Request (a) Each Utilisation Request is irrevocable and will not be regarded as having been duly completed unless: (i) the proposed Utilisation Date is a Business Day within the Availability Period; (ii) the currency and amount of the Utilisation comply with Clause 5.3 (Currency and amount); and (iii) the proposed Interest Period complies with Clause 10 (Interest Periods). (b) Only one Loan may be requested in each Utilisation Request.