{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "the-borrower", "type": "clause", "offset": [0, 12]}, {"key": "the-loan", "type": "clause", "offset": [25, 33]}, {"key": "any-business", "type": "definition", "offset": [66, 78]}, {"key": "final-availability-date", "type": "definition", "offset": [96, 119]}, {"key": "the-agent", "type": "clause", "offset": [137, 146]}, {"key": "drawdown-notice", "type": "definition", "offset": [164, 179]}, {"key": "business-days", "type": "definition", "offset": [231, 244]}, {"key": "proposed-drawdown-date", "type": "clause", "offset": [256, 278]}], "samples": [{"hash": "gELueJKEllr", "uri": "/contracts/gELueJKEllr#drawdown-request", "label": "Loan Agreement", "score": 26.434633255, "published": true}, {"hash": "bqt15wwcRzr", "uri": "/contracts/bqt15wwcRzr#drawdown-request", "label": "Loan Agreement (Teekay LNG Partners L.P.)", "score": 23.2751541138, "published": true}], "size": 14, "snippet": "The Borrower may request the Loan to be advanced in one amount on any Business Day prior to the Final Availability Date by delivering to the Agent a duly completed Drawdown Notice not more than ten (10) and not fewer than five (5) Business Days before the proposed Drawdown Date.", "hash": "48f63df7509a44283feec8bbf6a6a0ac", "id": 1}, {"snippet_links": [{"key": "the-lender", "type": "clause", "offset": [4, 14]}, {"key": "the-facility-agreement", "type": "clause", "offset": [69, 91]}, {"key": "a-drawdown-request", "type": "clause", "offset": [101, 119]}, {"key": "words-and-expressions", "type": "clause", "offset": [121, 142]}, {"key": "same-meaning", "type": "clause", "offset": [186, 198]}, {"key": "draw-down", "type": "definition", "offset": [318, 327]}, {"key": "the-loan", "type": "clause", "offset": [398, 406]}, {"key": "available-by", "type": "definition", "offset": [421, 433]}, {"key": "account-details", "type": "definition", "offset": [445, 460]}, {"key": "we-confirm", "type": "clause", "offset": [463, 473]}, {"key": "proposed-drawdown-date", "type": "clause", "offset": [504, 526]}], "samples": [{"hash": "lXH0zgIBjPm", "uri": "/contracts/lXH0zgIBjPm#drawdown-request", "label": "Facility Agreement", "score": 26.4291572571, "published": true}, {"hash": "864FlhSs8RV", "uri": "/contracts/864FlhSs8RV#drawdown-request", "label": "Facility Agreement", "score": 26.4291572571, "published": true}], "size": 2, "snippet": "To: The Lender Attention: [NAME] Department Date: [DATE] We refer to the Facility Agreement. This is a Drawdown Request. Words and expressions defined in the Facility Agreement have the same meaning in this Drawdown Request unless given a different meaning in this Drawdown Request. We give you notice that we wish to draw down the following Loan on [DATE]: Amount: \u00a3[AMOUNT] Drawdown Date: [DATE] The Loan is to be made available by credit to [ACCOUNT DETAILS]. We confirm that, on today's date and the proposed Drawdown Date:", "hash": "5648d16fb0fbe84d59e6ea8f7e8504ca", "id": 9}, {"snippet_links": [{"key": "specified-time", "type": "clause", "offset": [19, 33]}, {"key": "the-case", "type": "definition", "offset": [42, 50]}, {"key": "the-agent-and-the-banks", "type": "clause", "offset": [99, 122]}, {"key": "the-relevant", "type": "clause", "offset": [142, 154]}, {"key": "a-notice", "type": "definition", "offset": [206, 214]}, {"key": "set-out", "type": "definition", "offset": [241, 248]}, {"key": "schedule-6", "type": "definition", "offset": [252, 262]}], "samples": [{"hash": "42BtbPYK0Ad", "uri": "/contracts/42BtbPYK0Ad#drawdown-request", "label": "Revolving Credit Agreement (Alstom)", "score": 21.0, "published": true}], "size": 3, "snippet": "Not later than the Specified Time (or, as the case may be, such later time as may be acceptable to the Agent and the Banks for the purpose of the relevant request), the Agent has received from the Borrower a notice substantially in the form set out in Schedule 6 specifying:", "hash": "4317542fe7391b4cb5150bf128f3bca6", "id": 7}, {"snippet_links": [{"key": "subject-to-clause-3", "type": "clause", "offset": [0, 19]}, {"key": "the-borrower", "type": "clause", "offset": [21, 33]}, {"key": "prior-to-the", "type": "clause", "offset": [105, 117]}, {"key": "availability-period", "type": "definition", "offset": [129, 148]}, {"key": "the-facility-agent", "type": "definition", "offset": [166, 184]}, {"key": "drawdown-notice", "type": "definition", "offset": [202, 217]}, {"key": "banking-days", "type": "definition", "offset": [270, 282]}, {"key": "proposed-drawdown-date", "type": "clause", "offset": [294, 316]}], "samples": [{"hash": "stB4RILz4h", "uri": "/contracts/stB4RILz4h#drawdown-request", "label": "Loan Agreement (Teekay Offshore Partners L.P.)", "score": 26.880903244, "published": true}, {"hash": "56NWSQjJATa", "uri": "/contracts/56NWSQjJATa#drawdown-request", "label": "Loan 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Business Days before the proposed Drawdown Date save in respect of a Same Day Drawing.", "hash": "33167e5c4079d56ba478e3fdc3fcdcdf", "id": 2}, {"snippet_links": [{"key": "the-borrower", "type": "clause", "offset": [0, 12]}, {"key": "a-drawing", "type": "definition", "offset": [25, 34]}, {"key": "any-business", "type": "definition", "offset": [67, 79]}, {"key": "the-relevant", "type": "clause", "offset": [93, 105]}, {"key": "availability-termination-date", "type": "definition", "offset": [106, 135]}, {"key": "delivery-to-the", "type": "clause", "offset": [139, 154]}, {"key": "drawdown-notice", "type": "definition", "offset": [181, 196]}, {"key": "paris-time", "type": "clause", "offset": [221, 231]}, {"key": "business-days", "type": "definition", "offset": [311, 324]}, {"key": "proposed-drawdown-date", "type": "clause", "offset": [336, 358]}, {"key": "by-the-agent", "type": "clause", "offset": [415, 427]}, {"key": "in-clause", "type": "clause", "offset": [472, 481]}], "samples": [{"hash": "iVt9PfcOaC4", "uri": "/contracts/iVt9PfcOaC4#drawdown-request", "label": "Loan Agreement (Teekay LNG Partners L.P.)", "score": 21.2751541138, "published": true}, {"hash": "hSOLKjUC9AP", "uri": "/contracts/hSOLKjUC9AP#drawdown-request", "label": "Loan Agreement (Teekay LNG Partners L.P.)", "score": 21.2751541138, "published": true}, {"hash": "aqDXCJpU5UQ", "uri": "/contracts/aqDXCJpU5UQ#drawdown-request", "label": "Loan Agreement (Teekay LNG Partners L.P.)", "score": 21.2751541138, "published": true}], "size": 9, "snippet": "The Borrower may request a Drawing to be advanced in one amount on any Business Day prior to the relevant Availability Termination Date by delivery to the Agent of a duly completed Drawdown Notice not later than 10 a.m. (Paris time) on a Business Day falling not more than ten (10) and not fewer than three (3) Business Days before the proposed Drawdown Date. A Drawdown Notice shall be effective on actual receipt by the Agent and, once given, shall, subject as provided in clause 13.8, be irrevocable.", "hash": "4e8eb02597d807ff8c58c4a0efa6bcc5", "id": 3}, {"snippet_links": [{"key": "request-for", "type": "definition", "offset": [4, 15]}, {"key": "by-the-borrower", "type": "clause", "offset": [64, 79]}, {"key": "the-facility-agent", "type": "definition", "offset": [86, 104]}, {"key": "to-the-borrower", "type": "definition", "offset": [119, 134]}, {"key": "the-documents", "type": "clause", "offset": [163, 176]}, {"key": "conditions-precedent", "type": "definition", "offset": [197, 217]}, {"key": "form-and-substance", "type": "clause", "offset": [239, 257]}, {"key": "to-the-facility", "type": "definition", "offset": [271, 286]}, {"key": "having-been", "type": "clause", "offset": [358, 369]}, {"key": "prior-to-the", "type": "clause", "offset": [543, 555]}, {"key": "annex-1", "type": "definition", "offset": [620, 627]}, {"key": "a-separate", "type": "definition", "offset": [654, 664]}, {"key": "each-tranche", "type": "definition", "offset": [706, 718]}, {"key": "minimum-contents", "type": "clause", "offset": [745, 761]}, {"key": "proposed-drawdown-date", "type": "clause", "offset": [767, 789]}, {"key": "must-be-a-business-day", "type": "clause", "offset": [797, 819]}, {"key": "the-advance", "type": "clause", "offset": [835, 846]}, {"key": "the-account", "type": "clause", "offset": [852, 863]}, {"key": "of-the-borrower", "type": "clause", "offset": [864, 879]}, {"key": "other-account", "type": "definition", "offset": [888, 901]}], "samples": [{"hash": "aq2ONzPRepA", "uri": "/contracts/aq2ONzPRepA#drawdown-request", "label": "Loan Agreement (Fibermark Inc)", "score": 18.0, "published": true}, {"hash": "1GOpR6S4PIH", "uri": "/contracts/1GOpR6S4PIH#drawdown-request", "label": "Loan Agreement (Fibermark Inc)", "score": 18.0, "published": true}], "size": 3, "snippet": "The request for the drawdown of an Advance may not be delivered by the Borrower until the Facility Agent has confirmed to the Borrower that it has received all of the documents listed in Art. 4.1 (Conditions Precedent) and that each is in form and substance satisfactory to the Facility Agent. In any case, a request for the drawdown will not be regarded as having been duly completed, unless the following conditions have been satisfied: The Facility Agent has received, by no later than 1.00 p.m. Munich time on the third (3rd) Business Day prior to the Drawdown Date the Drawdown Request substantially in the form of Annex 1 (it being understood that a separate Drawdown Request has to be presented for each Tranche) and having the following minimum contents: the proposed Drawdown Date, which must be a Business Day; the amount of the Advance; and the account of the Borrower or such other account as the Borrower may determine to which the Advance is to be transferred by the Facility Agent. The Borrower's Drawdown Request cannot be withdrawn; it binds and obliges the Borrower to accept the requested Advance.", "hash": "9428e8a9a820307bab543b18ec0c4a2d", "id": 6}, {"snippet_links": [{"key": "the-borrowers", "type": "definition", "offset": [0, 13]}, {"key": "a-drawing", "type": "definition", "offset": [26, 35]}, {"key": "in-respect-of", "type": "definition", "offset": [36, 49]}, {"key": "tranche-a", "type": "clause", "offset": [50, 59]}, {"key": "tranche-b", "type": "definition", "offset": [67, 76]}, {"key": "each-case", "type": "definition", "offset": [81, 90]}, {"key": "any-business", "type": "definition", "offset": [109, 121]}, {"key": "commitment-termination-date", "type": "definition", "offset": [139, 166]}, {"key": "the-agent", "type": "clause", "offset": [185, 194]}, {"key": "drawdown-notice", "type": "definition", "offset": [212, 227]}, {"key": "business-days", "type": "definition", "offset": [280, 293]}, {"key": "proposed-drawdown-date", "type": "clause", "offset": [305, 327]}, {"key": "same-day-drawing", "type": "definition", "offset": [349, 365]}], "samples": [{"hash": "fD56rklYl7l", "uri": "/contracts/fD56rklYl7l#drawdown-request", "label": "Secured Facility Agreement", "score": 26.5961666107, "published": true}, {"hash": "kyl7qiEmwo6", "uri": "/contracts/kyl7qiEmwo6#drawdown-request", "label": "Secured Facility Agreement (Teekay LNG Partners L.P.)", "score": 21.0, "published": true}, {"hash": "62ib0zafmHR", "uri": "/contracts/62ib0zafmHR#drawdown-request", "label": "Secured Facility Agreement (Teekay LNG Partners L.P.)", "score": 21.0, "published": true}], "size": 4, "snippet": "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.", "hash": "dd796195b5e330f318bd9748c1723e10", "id": 5}, {"snippet_links": [{"key": "in-this-agreement", "type": "definition", "offset": [27, 44]}, {"key": "drawdown-requests", "type": "clause", "offset": [46, 63]}, {"key": "draw-down", "type": "definition", "offset": [104, 113]}, {"key": "the-loan", "type": "clause", "offset": [114, 122]}, {"key": "in-accordance-with", "type": "definition", "offset": [123, 141]}, {"key": "the-relevant", "type": "clause", "offset": [142, 154]}, {"key": "in-the-event-the", "type": "clause", "offset": [173, 189]}, {"key": "for-any-reason", "type": "clause", "offset": [218, 232]}, {"key": "the-facility-agent", "type": "definition", "offset": [267, 285]}, {"key": "the-borrower-shall-indemnify", "type": "clause", "offset": [302, 330]}, {"key": "the-lenders", "type": "clause", "offset": [331, 342]}, {"key": "facility-agent-from", "type": "definition", "offset": [351, 370]}, {"key": "cancellation-of", "type": "clause", "offset": [417, 432]}, {"key": "other-uses", "type": "clause", "offset": [459, 469]}, {"key": "procedure-of-indemnification", "type": "clause", "offset": [495, 523]}, {"key": "notice-thereof", "type": "clause", "offset": [573, 587]}], "samples": [{"hash": "1zNOqugkRTt", "uri": "/contracts/1zNOqugkRTt#drawdown-request", "label": "Loan Agreement (Mohegan Tribal Gaming Authority)", "score": 29.956193924, "published": true}, {"hash": "1mx9JHgvJsR", "uri": "/contracts/1mx9JHgvJsR#drawdown-request", "label": "Loan Agreement", "score": 24.9780979156, "published": true}], "size": 2, "snippet": "Unless otherwise set forth in this Agreement, Drawdown Requests are irrevocable, and the Borrower shall draw down the Loan in accordance with the relevant Drawdown Request. In the event the Borrower fails to draw down for any reason (excluding events attributable to the Facility Agent or any Lender), the Borrower shall indemnify the Lenders and the Facility Agent from loss and costs (including losses arising from cancellation of funding or application to other uses), and the amount and the procedure of indemnification shall be in accordance with the Facility Agent\u2019s notice thereof.", "hash": "d7a30c297150a54abbd29190a86ac6ae", "id": 8}, {"snippet_links": [{"key": "the-borrowers", "type": "definition", "offset": [0, 13]}, {"key": "any-business", "type": "definition", "offset": [68, 80]}, {"key": "the-relevant", "type": "clause", "offset": [94, 106]}, {"key": "availability-termination-date", "type": "definition", "offset": [107, 136]}, {"key": "the-agent", "type": "clause", "offset": [154, 163]}, {"key": "drawdown-notice", "type": "definition", "offset": [181, 196]}, {"key": "business-days", "type": "definition", "offset": [220, 233]}, {"key": "proposed-drawdown-date", "type": "clause", "offset": [245, 267]}, {"key": "signed-by", "type": "clause", "offset": [550, 559]}, {"key": "authorised-signatories", "type": "clause", "offset": [560, 582]}], "samples": [{"hash": "kVjla6ZCR66", "uri": "/contracts/kVjla6ZCR66#drawdown-request", "label": "Secured Loan Agreement (Diana Shipping Inc.)", "score": 25.232717514, "published": true}], "size": 2, "snippet": "The Borrowers may request a Tranche to be advanced in one amount on any Business Day prior to the relevant Availability Termination Date by delivering to the Agent a duly completed Drawdown Notice not fewer than six (6) Business Days before the proposed Drawdown Date and any undrawn part of a Tranche shall be cancelled and shall not be available for borrowing by the Borrowers on the earlier of (a) the relevant Drawdown Date, once the Tranche has been advanced and (b) the relevant Availability Termination Date. Any such Drawdown Notice shall be signed by authorised signatories of the Borrowers and, once delivered, is irrevocable.", "hash": "6e46f307d5e45ef33cb161279a26eb41", "id": 10}], "next_curs": "ClkSU2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjULEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhlkcmF3ZG93bi1yZXF1ZXN0IzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"title": "Drawdown Request", "children": [["notice", "Notice"], ["maturity", "Maturity"], ["", ""], ["amount-of-loan", "Amount of Loan"], ["desired-drawdown-date", "Desired Drawdown Date"]], "parents": [["advance", "Advance"], ["form-and-content", "Form and content"], ["the-loan-and-its-purpose", "The Loan and Its Purpose"], ["drawdown", "Drawdown"], ["interest-on-advances", "Interest on Advances"]], "size": 94, "id": "drawdown-request", "related": [["delivery-of-a-utilisation-request", "Delivery of a Utilisation Request", "Delivery of a Utilisation Request"], ["drawdown-notice", "Drawdown Notice", "Drawdown Notice"], ["loan-request", "Loan Request", "Loan Request"], ["drawdown", "Drawdown", "Drawdown"], ["completion-of-a-utilisation-request", "Completion of a Utilisation Request", "Completion of a Utilisation Request"]], "related_snippets": [], "updated": "2026-03-15T05:55:41+00:00", "also_ask": ["What key conditions precedent should be included to protect the lender before honoring a drawdown request?", "How can the clause be drafted to allow flexibility for the borrower while minimizing lender risk?", "What are the most common negotiation points regarding timing, notice, and documentation for drawdown requests?", "How have courts interpreted ambiguous or incomplete drawdown request provisions in past disputes?", "How does this clause compare to market standards in similar financing agreements?"], "drafting_tip": "Specify required information for drawdown requests to ensure clarity; set submission procedures to streamline processing; define response timelines to provide certainty for both parties.", "explanation": "A Drawdown Request clause defines the process by which a borrower formally requests the disbursement of funds under a loan agreement. Typically, it outlines the required notice period, the information that must be included in the request (such as the amount and intended date of drawdown), and any conditions that must be satisfied before funds are released. This clause ensures that both parties have a clear, standardized procedure for accessing loan funds, reducing the risk of misunderstandings or disputes regarding the timing and conditions of disbursement."}, "json": true, "cursor": ""}}