FUNDING REQUEST IRREVOCABLE Sample Clauses
The 'Funding Request Irrevocable' clause establishes that once a party submits a request for funding under the agreement, that request cannot be withdrawn, amended, or cancelled. In practice, this means that after a borrower formally asks for a loan disbursement or drawdown, they are legally bound to proceed with the transaction as specified in their request. This clause ensures certainty and reliability for the lender, preventing last-minute changes or reversals that could disrupt financial planning or operations.
FUNDING REQUEST IRREVOCABLE. The notice of any proposed Funding shall be irrevocable and binding on the Borrower, and the Borrower shall indemnify the Secured Parties against any loss or expense incurred by the Secured Parties as provided in Section 7.6 hereof.
FUNDING REQUEST IRREVOCABLE. The notice of the proposed Initial Funding and any Subsequent Funding shall be irrevocable and binding on the Issuer and the Issuer shall indemnify the Company and the Bank Investors against any loss or expense incurred by the Company or the Bank Investors, either directly or indirectly (including through the Liquidity Agreement) as a result of any failure by the Issuer to complete the requested Funding including, without limitation, any loss (including loss of anticipated profits) or expense incurred by the Company or the Bank Investors, either directly or indirectly (including pursuant to the Liquidity Agreement), by reason of the liquidation or reemployment of funds acquired by the Company (or the Liquidity Provider) (including, without limitation, funds obtained by issuing commercial paper or promissory notes or obtaining deposits or loans from third parties) for the Company or the Bank Investors to complete the requested Funding.
FUNDING REQUEST IRREVOCABLE. The notice of the proposed Initial Funding and any Subsequent Funding shall be irrevocable and binding on the Issuer and the Issuer shall indemnify the Company and the Bank Investors against any loss or expense incurred by the Company or the Bank Investors, either directly or indirectly (including through the Liquidity Agreement) as a result of any failure by the Issuer to complete the requested Funding including, without limitation, any direct loss or expense incurred by the Company, (including pursuant to the Liquidity Agreement), by reason of the liquidation or reemployment of funds acquired by the Company (or the Liquidity Provider) (including, without limitation, funds obtained by issuing commercial paper or promissory notes or obtaining deposits or loans from third parties) for the Company or the Bank Investors to complete the requested Funding.
FUNDING REQUEST IRREVOCABLE. Each Funding Request shall be irrevocable and binding on the Borrower and the Borrower shall indemnify the Lenders and the Administrative Agent against any loss or expense by any of them, either directly or indirectly as a result of a failure by the Borrower to complete a requested Advance, including, without limitation, any loss (including loss of anticipated profits) or expense incurred by any of them, either directly or indirectly, by reason of the liquidation or re-employment of funds acquired by any of them to complete the requested Advance.
FUNDING REQUEST IRREVOCABLE. The notice of the proposed Initial Funding and any Subsequent Funding shall be irrevocable and binding on the Borrower, and the Borrower shall indemnify PARCO and the APA Banks against any loss or expense incurred by PARCO or the APA Banks as provided in Section 2.6 hereof.
FUNDING REQUEST IRREVOCABLE. Each Funding Request shall be irrevocable and binding on the Issuer and the Issuer shall indemnify the Note Investor, the Liquidity Banks, the Deal Agent and the Liquidity Agent against any loss or expense by any of them, either directly or indirectly (including through the Liquidity Agreement) as a result of a failure by the Issuer to complete a requested Funding, including, without limitation, any loss (including loss of anticipated profits) or expense incurred by any of them, either directly or indirectly (including pursuant to the Liquidity Agreement), by reason of the liquidation or re-employment of funds acquired by any of them (including, without limitation, funds obtained by issuing commercial paper or promissory notes or obtaining deposits or loans from third parties) to complete the requested Funding.