Examples of Advance Request Notice in a sentence
Please send confirmation of receipt and approval of this Advance Request Notice to the following facsimile number: ______________________.
This includes, for example, the WBG Corporate Scorecard, Strategy and Business Outlook, updates under the respective Financial Sustainability Frameworks, and Operations Updates.
Notwithstanding the foregoing, the Bank may pay a properly presented Letter of Credit and such amount shall become a valid Obligation of the Borrower as a Bankers Acceptance in the full amount of such Advance (w) with or without the Borrower’s consent, (x) with or without the Bank having received an Advance Request Notice, (y) even if such Advance results in an Overadvance and/or (z) even if such Advance causes the Total Outstandings or Total Borrowings to exceed the Maximum Credit.
Any Advance Request Notice shall be made by Borrower in writing, and shall set forth (i) the amount of the Advance requested (which shall not exceed the Lender’s Pro Rata Percentage of the then Available Credit Line Amount)(the “Requested Advance Amount”), (ii) the Credit Limit, and (iii) the Available Credit Line Amount as of the date of the notice, shall be signed by a duly authorized officer of Borrower, and shall be delivered to each Lender.
Each Tranche B Marketing Advance Closing shall take place within five (5) days of the Company delivering a Marketing Advance Request Notice to the Tranche B Lenders, at such locations and at such times as shall be mutually agreed upon orally or in writing by the Company and the Tranche B Lenders purchasing a majority in interest of the aggregate principal amount of the Tranche B Notes to be sold at such Tranche B Marketing Advance Closing (each, a “Tranche B Marketing Advance Closing Date”).
Each Advance Request Notice shall be irrevocable and effective upon receipt and shall specify the Borrowing Base as of the date of such Advance Request Notice and the amount of the requested Advance, which shall be at least $250,000.
The obligation of a Lender (the “Primary Lender”) to Advance funds pursuant to an Advance Request Notice hereunder shall be satisfied if and to the extent that, in its sole discretion, it arranges to have another of the Lenders (the “Co-Lender”) Advance the full amount of such_Primary_Lender’s Advance Request Notice, in addition to such Co-Lender’s own associated Requested Advance Amount, toward such Primary Lender’s Requested Advance Amount.