Drawdown Mechanics. .5.1.2 The Freight Customer may exercise the right referred to in Clause 5.1.1 on one or more occasions at any time on or after the Drawdown Commencement Date by serving a Drawdown Notice on Network Rail and the Appointed Operator who will be operating the Services to which it relates (with a copy to XXX) in accordance with Clause 5.1.3.
Drawdown Mechanics. The Freight Customer may exercise the right referred to in Clause 5.1.1 on one or more occasions at any time on or after the Drawdown Commencement Date by serving a Drawdown Notice on Network Rail and the Appointed Operator who will be operating the Services to which it relates (with a copy to XXX) in accordance with Clause 5.1.3. A Drawdown Notice shall not be valid unless: it has been: xxxx completed and signed by the Freight Customer; and served by the Freight Customer on both Network Rail and the Appointed Operator who will be operating the Services to which it relates (in each case using the same delivery method) not later than 20 Working Days prior to the date on which the Freight Customer requires that Appointed Operator to start operating those Services; it specifies: the Services to which it relates by reference to the Service Characteristics of such Services; the Appointed Operator who will be responsible for operating those Services; the date and time on which each such Service shall cease to be operated by the Appointed Operator, which must be not later than the date and time on which the Freight Customer's rights under this contract in relation to such Service is scheduled to expire; the extent to which the Freight Customer has exercised any of its rights under Schedule 4 in relation to those Services; whether or not the Appointed Operator shall be entitled to make Access Proposals, Rolled Over Access Proposals or Train Operator Variation Requests and exercise its rights under schedule 2 to its Operator Access Agreement in relation to those Services; and the Appointed Operator has entered into an Operator Access Agreement with Network Rail. If Network Rail receives a Drawdown Notice from the Freight Customer, and Network Rail, acting reasonably, considers that Drawdown Notice to be invalid under Clause 5.1.3, Network Rail shall promptly notify the Freight Customer of that fact in writing, specifying why it considers such Drawdown Notice to be invalid. Any such notice shall also be copied to the relevant Appointed Operator and XXX. Subject to Clause 5.1.5(b), the Freight Customer may not issue more than one Drawdown Notice in respect of the same Service. If the Freight Customer has issued a Revocation Notice in respect of any Drawndown Service, the Freight Customer may issue a new Drawdown Notice in respect of such Drawndown Service so long as no more than one Appointed Operator has the right to operate such Drawndown Service at the same time. ...
Drawdown Mechanics. Each Participant must deposit in the Facility Account the amount of its Drawdown that MIGA requests in its withdrawal notice by the date specified in the notice. This Drawdown must be equal to the lesser of (i) the Participant’s Remaining Contribution; or (ii) the Participant’s allocable share of the aggregate amount required to backstop a Facility Guarantee Contract by applying the Pro-Rata Formula.
