Common use of Drawdown Conditions Clause in Contracts

Drawdown Conditions. The Borrower shall satisfy the following prior to drawdown: 1. This Contract and its supplement is effective; 2. The Borrower has provided guarantees as requested by the Lender and guarantee contract has been executed and has been approved, registered and filed; 3. The Borrower has reserved or executed and fulfilled for the Lender relevant documents, invoices, chops, personnel list, signature samples, and has completed relevant vouchers; 4. The Borrower has opened all necessary bank account for the fulfillment of this Contract at the request of the Lender; 5. The Borrower has submitted to the Lender a copy of written drawdown application and related supporting documents for the purpose of the Loan 3 bank business days prior to the drawdown, to process the drawdown application;