Common use of Request for an Advance Clause in Contracts

Request for an Advance. Subject to the following conditions, the Borrower may request an Advance to be borrowed by ensuring that the Lender receives a completed Drawdown Notice not later than 5.00 p.m. one Business Days prior to the relevant Drawdown Date.

Appears in 2 contracts

Sources: Loan Agreement (Toro Corp.), Loan Agreement (Castor Maritime Inc.)