Common use of First Advances Clause in Contracts

First Advances. The obligation of the Bank to make a First Advance available shall be subject to the condition that the Bank or its duly authorised representative shall have received, not later than two (2) Banking Days before the day on which the Drawdown Notice for such First Advance is given, the documents and evidence specified in Part 2 of schedule 2 in respect of such First Advance in form and substance satisfactory to the Bank.

Appears in 2 contracts

Sources: Supplemental Agreement, Supplemental Agreement (Gala Properties Inc.)