Loan Disposition Form Sample Clauses

Loan Disposition Form. (a) The Loan will be made available to the Borrower in a maximum of 5 (five) drawdowns (each one, a “ Drawdown ”) during the Drawdown Period; in the understanding that , the minimum principal amount of the Drawdowns disbursed by the Borrower, on each Drawdown Date, will be a minimum of $100,000,000.00 (one hundred million Pesos 00/100) and, above said amount , in multiples of $5,000,000.00 (five million Pesos 00/100), except in the case of the last Drawdown, which may be for the remaining balance of the Total Loan Amount. The Drawdowns may be made on any Business Day, within the corresponding Drawdown Period (each date on which a Drawdown is made; hereinafter, a " Drawdown Date "), provided that the Borrower has delivered a notice to the Agent Administrative Agreement of an irrevocable nature, duly signed by an Authorized Official of the Borrower in the terms of the format that is attached to this Loan Agreement as Annex "D" (the " Disposition Notice ") before 11:00 am (Mexico City time). ) with at least 2 (two) Business Days prior to the Drawdown Date, and specifying, at least, (i) the total amount of the respective Drawdown, (ii) the amount of the respective Drawdown that corresponds to fund each Creditor, which will be proportional to its Commitment, and may not exceed the amount of its respective Commitment, and (iii) the Drawdown Date. If the Drawdowns are not made once the Drawdown Period has concluded , the obligation of the Lenders to make Drawdowns in terms of this Loan Agreement shall be extinguished with respect to any undrawn amount of the Credit. (b) The First Drawdown will be subject to compliance with the conditions established in subsection 1 of Clause Thirteen of this Loan Agreement and each subsequent Drawdown will be subject to compliance with the conditions established in subsection 2 of the Clause Thirteenth of this Loan Agreement and having delivered to the Lenders the Promissory Notes described in subparagraph (c) below. Unless otherwise agreed by unanimous vote of the Creditors, and the Borrower, each Drawdown will be made by each Creditor proportionally up to the amount corresponding to its Commitment. (c) Each Drawdown will be made, in accordance with the provisions of subparagraph (e) below, against delivery by the Borrower to the Administrative Agent of a non-negotiable promissory note signed in favor of each Creditor, signed by the Borrower, as debtor, and by each of the Joint Obligors, as guarantors, through their respective l...