Drawdown / Drawdown Requirements Clause Samples

Drawdown / Drawdown Requirements. 2.1 The loan may be drawn down in Euros through the following individual transactions: • Current account overdraft facilities • Term loan facilities with minimum amounts of EUR 500,000.00 in each case and with terms from 1 month to 3 months. The term of the individual transactions may not exceed the end of the term. • Sureties and letters of credit with the exception of loan sureties, whereby the Bank may request the documents considered to be required by it regarding the Borrower’s principal debt obligation to be secured for the purpose of the individual examination of surety instructions. The Bank reserves the right to reject surety instructions in justified individual cases, as well as for sureties for an indefinite term or exceeding a term of seven years.