Date: [ ] December 2008 Dear Sirs, New Drawdown Notice We refer to the Loan Agreement dated 17 October 2006 (the “Original Agreement”) as amended by a first supplemental agreement dated [ ] 2008 (the “Supplemental Agreement”) each made between ourselves and yourselves (together the “Agreement”).
Drawdown Notice means a notice in the form set out in Schedule 2 (or in any other form which the Agent approves or reasonably requires);
Draw Down Notice shall have the meaning assigned to such term in Section 5.1(f) hereof.
Drawdown means the drawdown of a Tranche under the Loan Facility;
Drawdown Request means a notice substantially in the form set out in Schedule 3 (Drawdown Request).
Notice of Drawdown means a notice substantially in the form set out in Schedule 4 (Notice of Drawdown).
Borrowing Notice is defined in Section 2.8.
Advance Notice means a written notice to the Investor setting forth the Advance amount that the Company requests from the Investor and the Advance Date.
Take-Down Notice shall have the meaning set forth in Section 4(c) hereof.
Incremental Loan Request has the meaning set forth in Section 2.14(a).
Loan Request means a letter in substantially the form of Exhibit A hereto executed and delivered by the Borrower to the Administrative Agent and the Lenders pursuant to Section 2.02(a).
Utilisation Request means a notice substantially in the form set out in Part I of Schedule 3 (Requests).
Notice of Borrowing has the meaning specified in Section 2.02(a).
Drawdown Period means, in relation to an Advance, the period commencing on the date of this Agreement and ending on the relevant Termination Date or the period ending on such earlier date (if any) on which (a) the aggregate amount of all Advances is equal to the Commitment or (b) the Commitment is reduced to zero pursuant to clauses 4.3, 10.2 or 12 or (c) Delivery of the Ship relevant to such Advance occurs;
Swing Line Borrowing Notice is defined in Section 2.4.2.
Notice of Loan means a Notice of Loan in the form of the attached Exhibit D.
Proposed Borrowing Base Notice has the meaning assigned to such term in Section 2.07(c)(ii).
Drawdown Date means, in relation to each Advance, any date being a Banking Day falling during the relevant Drawdown Period, on which the relevant Advance is, or is to be, made available;
Advance Notice Date means each date the Company delivers to the Investor an Advance Notice requiring the Investor to advance funds to the Company, subject to the terms of this Agreement. No Advance Notice Date shall be less than seven (7) Trading Days after the prior Advance Notice Date.
Initial Advance means the first Advance made pursuant to Article II.
Notice of Committed Borrowing has the meaning specified in Section 2.02(a).
Credit Event Notice means an irrevocable notice from the Issuer or the Swap Counterparty, as the case may be, to the other party (in the form and delivered in the manner described in the Default Swap) that describes a Credit Event that occurred on or after the Effective Date of the Default Swap.
Swing Loan Request means a request for Swing Loans made in accordance with Section 2.5.2 [Swing Loan Requests] hereof.
Notice of Competitive Bid Borrowing has the meaning specified in Section 2.03(a).
Funding Notice means a notice substantially in the form of Exhibit A-1.
Credit Event Resolution Request Date means, with respect to a notice to ISDA requesting that a Credit Derivatives Determinations Committee be convened to resolve:
Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).