Common use of Requesting a drawdown Clause in Contracts

Requesting a drawdown. If a Borrower wants a drawdown, it agrees to give a Drawdown Notice to the Bank by 11:00 am (Puerto Rico time) on the Business Day next preceding the day it wants the drawdown. Each Borrower must provide its own Drawdown Notice.

Requesting a drawdown. If a Borrower wants a drawdown, it agrees to give a Drawdown Notice to the Bank by 11:00 11.00 am (Puerto Rico time) on the Business Day next preceding the day it wants the drawdown. Each Borrower must provide its own Drawdown Notice.