Requested Borrowing Date Sample Clauses
The Requested Borrowing Date clause defines the specific date on which a borrower wishes to draw down funds under a loan agreement. In practice, this clause requires the borrower to notify the lender in advance of the intended borrowing date, often specifying a minimum notice period and the amount to be borrowed. Its core function is to ensure both parties are prepared for the disbursement of funds, allowing the lender to arrange for the necessary liquidity and the borrower to plan for the timely receipt of financing.
Requested Borrowing Date. (must be a Business Day at least two (2) Business Days after date of notice)
Requested Borrowing Date. 199____.
Requested Borrowing Date. 20__2 2 No earlier than two Business Days after the date of delivery of this Notice of Borrowing.