Drawdown application Sample Clauses

Drawdown application. Party A shall provide a drawdown application, loan certificate and all of drawdown documents as agreed or required by Party B at least days prior to each drawdown date to Party B. Party A can reserved seal which used on the drawdown date by authorized personnel. When Party A issues the business applications, shall present the seal in correspondence with the reserved seal. Party B is only responsible for pro forma review on the reserved seal provided by Party A’s staff, after verification, can accept the Party A’s applications. In relation to the change of reserved seal, Party A shall notify Party B in writing and affixing of official seal or contract seal. Party A shall assume corresponding compensation liabilities result from filing to notify Party B in time cause loss of Party B. The drawdown application of Party A is irrevocable; after an approval of Party B, Party A shall applicable for drawdown according to above application. If Party B finds that the application is correspondence with drawdown conditions as agreed, shall remit the funds to Party A’s account opened in Party B as application agreed time. (Number: 7327010182400008130), or remit to payees as agreed in the way of entrusted payment.
Sample 1
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Related to Drawdown application

  • Drawdown Subject to the terms and conditions of this Agreement, each Advance shall be made to the Borrowers following receipt by the Agent from the Borrowers of a Drawdown Notice not later than 10:00 a.m. on the third Banking Day before the date, which shall be a Banking Day falling within the Drawdown Period for such Advance, on which the Borrowers propose such Advance is made. A Drawdown Notice shall be effective on actual receipt by the Agent and, once given, shall, subject as provided in clause 3.6.1, be irrevocable.

  • Drawdown Notice Subject to Sections 3.1 and 3.7 and provided that all of the applicable conditions precedent set forth in Article 12 have been fulfilled by the Borrower or waived by the Lenders as provided in Section 14.4, the Borrower may, from time to time, obtain credit hereunder by giving to the Administrative Agent a duly executed irrevocable notice in substantially the form of Schedule D hereto (“Drawdown Notice”) in accordance with Section 3.11 and specifying:

  • Completion of a Utilisation Request (a) Each Utilisation Request is irrevocable and will not be regarded as having been duly completed unless:

  • Drawdown Date The date on which any Loan is made or is to be made, and the date on which any Loan which is made prior to the Maturity Date is converted in accordance with §4.1.

  • Loan Request See Section 2.6.

  • Loan Requests To obtain a Loan, Borrower shall make a request to Silicon by facsimile or telephone. Loan requests received after 12:00 Noon will not be considered by Silicon until the next Business Day. Silicon may rely on any telephone request for a Loan given by a person whom Silicon believes is an authorized representative of Borrower, and Borrower will indemnify Silicon for any loss Silicon suffers as a result of that reliance.

  • Utilisation The Bank is not obliged to make a Loan available if:

  • Drawdown Notice irrevocable A Drawdown Notice must be signed by an officer of the Borrower; and once served, a Drawdown Notice cannot be revoked without the prior consent of the Lender.

  • 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.

  • Draw Request A Draw Request complying with the provisions of Section 3.1 hereof.

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