Common use of Procedure for Drawing Clause in Contracts

Procedure for Drawing. Each Advance by way of Bankers’ Acceptance shall be made pursuant to a Borrowing Notice given by the Borrower to the Lender not later than 4:00 p.m. (Toronto time), on the Banking Day prior to the date of the proposed Advance. Each Borrowing Notice shall be in substantially the form of Schedule 1.1.20.

Appears in 2 contracts

Sources: Credit Agreement (Usg Corp), Credit Agreement (Usg Corp)