Drawdown of the Loan. 2.1 The Borrower must fulfil the following precedents prior to the drawdown of the Loan or the Lender does not has the obligation to grant any of the Loan to the Borrower, unless as otherwise agreed by the Lender.
Drawdown of the Loan. Article 9 The Borrower shall utilize the Loan by submitting a drawdown notice in the form of Exhibit I hereto, the borrowing certificate and the relevant documents and materials required by the Lender in advance. Upon examination and approval by the Lender, it may make the Loan to the Borrower. The duplicate copies of the foregoing documents should be certified by the authorized signatory of the Borrower as true, complete and valid by way of signature and affixed with the chop consistent with the specimen chop of the Borrower.
Drawdown of the Loan. You authorise us to pay the Amount of Loan into your nominated account following receipt by us of the agreement signed by you. Alternatively, if, according to your instructions, some of the credit is being used to redeem an existing credit agreement with Hitachi, we will arrange for the relevant amount to be used to settle that loan and the balance remaining shall be paid to your nominated account.
Drawdown of the Loan. [DRAFTING NOTE: Drawdown procedure provisions to be inserted on an individual project basis.]
Drawdown of the Loan. 3.1. The principal amount of the Loan referred to in Section 1.1 herein shall be available in 1 (one) drawing of a total amount of USD$ 400,000 (Four hundred thousand Dollars).
Drawdown of the Loan. 3.1. The principal amount of the Loan referred to in Section 1.1 herein shall be available in 2 (two) drawings of USD$ 50,000 (Fifty Thousand Dollars) each.
Drawdown of the Loan. 7.1. Once the positive Loan Decision has been received, the Lender will make a bank transfer for the amount of the Loan to the bank account provided by the Borrower in the Loan Request, depending on the bank institution where the Borrower has opened the bank account.
Drawdown of the Loan. During the Revolving Period, once BORROWER informs BANCOMER that its cash flow is insufficient to settle interest derived from the Issue with its own funds, according to Clause FIFTEEN, Section (II), subsection (B) hereof, it may make drawdowns against the Loan for as much as a principal sum of US$6'500,000.00 (SIX MILLION FIVE HUNDRED THOUSAND DOLLARS 00/100) each, to be made precisely 48 (FORTY-EIGHT) hours before June first and December first of each year, beginning on June first nineteen hundred and ninety-eight, as long as it fulfills the conditions on disbursements established in this Agreement and each drawdown does not exceed US$6'500,000.00 (SIX MILLION FIVE HUNDRED THOUSAND DOLLARS 00/100). The foregoing is in the understanding that at the end of the Revolving Period the amount actually disposed of by BORROWER shall not exceed the
Drawdown of the Loan. (a) If:-
