Loan Drawdown Date definition
Examples of Loan Drawdown Date in a sentence
The undersigned Borrower hereby requests a [Revolving Credit Loan under §2.1(a)] [Swing Loan under §2.5] of the Credit Agreement: Principal Amount: $__________ Type (LIBOR Rate Loan, Base Rate Loan): Drawdown Date: Interest Period for LIBOR Rate Loans: by credit to the general account of Borrower with Agent at Agent’s Head Office or to the account specified by Borrower on Schedule A hereto pursuant to the wiring instructions set forth on Schedule A.
Interest shall accrue on the Loan at rate of Annualized Interest Rate accruing from the Loan Drawdown Date, and is calculated on a monthly basis.
Upon receipt of a valid Loan Drawdown notice, the Investor shall wire the amount of the Loan Drawdown in British Pounds Sterling to the Company not later than the Loan Drawdown Date.
The undersigned Borrower hereby requests a Revolving Credit Loan under §2.7 of the Credit Agreement: Principal Amount: $ Type (LIBOR Rate Loan, Base Rate Loan): Drawdown Date: Interest Period for LIBOR Rate Loans: by: (i) credit to the general account of Borrower with the Agent at the Agent’s Head Office or (ii) wiring such funds in accordance with Borrower’s written instructions.
The Borrower hereby requests the following [Revolving/Term] Loan: Principal Amount: $ Type (LIBOR Rate Loan or Base Rate Loan): Drawdown Date: Interest Period (if LIBOR Rate Loan is selected): by wire transfer to the Advance Account.
The failure of any Lender to make the Term Loan on the Term Loan Drawdown Date to be made by such Lender shall not relieve any other Lender of its obligation hereunder to make the Term Loan to be made by such other Lender on the Term Loan Drawdown Date.
The undersigned Borrower hereby requests a Revolving Credit Loan under §2.7 of the Credit Agreement: Principal Amount: $ Type (Daily Simple SOFR Loan, Term SOFR Loan, Base Rate Loan): Drawdown Date: Interest Period for Term SOFR Loans: by: (i) credit to the general account of Borrower with the Agent at the Agent’s Head Office or (ii) wiring such funds in accordance with ▇▇▇▇▇▇▇▇’s written instructions.
Subject to the Company making a Development Loan Request on a timely basis pursuant to the foregoing provisions of this Section 2.1(b) and so long as no Event of Default shall have occurred and then be continuing, the Lender shall lend to the Company, in immediately available funds, the principal amount of the Development Loan requested by the Company in such Development Loan Request not later than the close of business on the Development Loan Drawdown Date specified in such Development Loan Request.
In the event the Company desires to effect a Loan Drawdown, the Company shall notify the Investor not later than 30 days before the proposed Loan Drawdown Date of the amount and basis for the Loan Drawdown and the Loan Drawdown Date, and shall include a certificate of the Company’s chief executive officer or chief financial officer to the effect that the Company is in compliance with the Loan Drawdown Conditions.
The undersigned Borrower on behalf of all Borrowers hereby requests a Revolving Credit Loan under §2.7 of the Credit Agreement: Principal Amount: $__________ Type (LIBOR Rate Loan, Base Rate Loan): Drawdown Date: Interest Period for LIBOR Rate Loans: by: (i) credit to the general account of the Borrowers with the Agent at the Agent’s Head Office or (ii) wiring such funds in accordance with Parent Borrower’s written instructions.