Common use of Requesting a drawdown Clause in Contracts

Requesting a drawdown. (a) If the Borrower wants a drawdown, the Obligors' Agent must provide a written Drawdown Notice to the Financier by 11:00am (London time)at least 2 Business Days prior to the requested Drawdown Date (or such later time as the Financier may agree). (b) The minimum amount of a Drawing is the lesser of: (i) US$1,000,000; and (ii) the Undrawn Facility Limit.

Appears in 2 contracts

Sources: 364 Day Facility Agreement (Hardie James Industries Nv), Term Facility Agreement (Hardie James Industries Nv)

Requesting a drawdown. (a) If the a Borrower wants a drawdown, the Obligors' Agent must provide a written Drawdown Notice to the Financier by 11:00am (London time)at time) at least 2 Business Days prior to the requested Drawdown Date (or such later time as the Financier may agree). (b) The minimum amount of a Drawing is the lesser of: (i) US$1,000,000; and (ii) the Undrawn Facility Limit.

Appears in 2 contracts

Sources: Bullet Facility Agreement (Hardie James Industries Nv), Bullet Facility Agreement (Hardie James Industries Nv)

Requesting a drawdown. (a) If the Borrower wants a drawdown, the Obligors' Agent must provide a written Drawdown Notice to the Financier by 11:00am (London time)at time) at least 2 Business Days prior to the requested Drawdown Date (or such later time as the Financier may agree). (b) The minimum amount of a Drawing is the lesser of: (i) US$1,000,000; and (ii) the Undrawn Facility Limit. (c) Unless the Drawing is for the Undrawn Facility Limit, the Drawing must be in integral multiples of US$[•]

Appears in 1 contract

Sources: 364 Day Facility Agreement (James Hardie Industries N.V.)

Requesting a drawdown. (a) If the Borrower wants a drawdown, the Obligors' Agent must provide a written Drawdown Notice to the Financier by 11:00am (London time)at time) at least 2 Business Days prior to the requested Drawdown Date (or such later time as the Financier may agree). (b) The minimum amount of a Drawing is the lesser of: (i) US$1,000,000; and (ii) the Undrawn Facility Limit. (c) Unless the Drawing is for the Undrawn Facility Limit, the Drawing must be in integral multiples of $500,000.

Appears in 1 contract

Sources: Term Facility Agreement (James Hardie Industries Se)