Common use of Drawing Clause in Contracts

Drawing. 4.1 Subject to the provisions hereof, the Borrower may utilise the Facility in one or more tranches during the Availability Period. To do this, the Borrower shall give the Lender at least one Business Day's prior notice of the date on which the Borrower wants to draw the Loan. The amount of the Loan shall not exceed the Total Facility Amount. 4.2 The Borrower may instruct the Lender, in writing, to transmit any drawing of the Loan directly to some other entity, for and on behalf of the Borrower, provided that, in all cases, the Borrower shall remain solely responsible for the performance of all obligations (payment and otherwise) under this agreement even if the Loan has been transmitted by the Lender directly to some other entity at the request of the Borrower. 4.3 Any amount of the Facility not drawn down during the Availability Period will automatically be cancelled.

Drawing. 4.1 Subject to the provisions hereof, the Borrower may utilise the Facility in one or more tranches during the Availability Period. To do this, the Borrower shall give the Lender at least one Business Day's ’s prior notice of the date on which the Borrower wants to draw the Loan. The amount of the Loan shall not exceed the Total Facility Amount. 4.2 The Borrower may instruct the Lender, in writing, to transmit any drawing of the Loan directly to some other entity, for and on behalf of the Borrower, provided that, in all cases, the Borrower shall remain solely responsible for the performance of all obligations (payment and otherwise) under this agreement even if the Loan has been transmitted by the Lender directly to some other entity at the request of the Borrower. 4.3 Any amount of the Facility not drawn down during the Availability Period will automatically be cancelled.