Method, Terms and Conditions of Drawdowns. (6) The Applicant shall submit to the Bank the usance drafts or notes received from business transactions conducted by the Applicant two business days before the drawdown along with the relevant sale and purchase contract, supply contract, invoices and documents evidencing the nature of the transactions. Subject to the Bank’s approval, the loan to be extended shall be % of the value of the discounted drafts and notes.
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Samples: General Credit Facility Agreement (Hardinge Inc), General Credit Facility Agreement (Hardinge Inc), General Credit Facility Agreement (Hardinge Inc)
Method, Terms and Conditions of Drawdowns. (617) The Applicant shall submit to the Bank the usance drafts or notes received from business transactions conducted by the Applicant two business days before the drawdown along with the relevant sale and purchase contract, supply contract, invoices and documents evidencing the nature of the transactions. Subject to the Bank’s 's approval, the loan to be extended shall be % of the value of the discounted drafts and notes.
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