Common use of Drawdown Request Clause in Contracts

Drawdown Request. The Borrowers may request a Drawing in respect of Tranche A and/or Tranche B, in each case to be advanced on any Business Day prior to the Commitment Termination Date, by delivering to the Agent a duly completed Drawdown Notice not more than ten (10) and not fewer than three (3) Business Days before the proposed Drawdown Date save in respect of a Same Day Drawing.

Appears in 3 contracts

Samples: Facility Agreement (Teekay LNG Partners L.P.), Facility Agreement (Teekay LNG Partners L.P.), Facility Agreement

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Drawdown Request. The Borrowers may request a Drawing in respect of Tranche A and/or Tranche B, in each case to be advanced in one amount on any Business Day prior to the Commitment Availability Termination Date, Date by delivering to the Agent a duly completed Drawdown Notice not more than ten (10) and not fewer than three two (32) Business Days before the proposed Drawdown Date save in respect Date. Any such Drawdown Notice shall be signed by an authorised signatory of a Same Day Drawingthe Borrowers and, once delivered, is irrevocable.

Appears in 1 contract

Samples: Loan Agreement (Poseidon Containers Holdings Corp.)

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