Common use of Drawing Clause in Contracts

Drawing. If the Borrower fails to give notice to the Agent selecting the Drawing(s) to be prepaid, the Borrower shall be deemed to have selected to prepay first any Drawings having an Interest Period ending on the Reduction Date in question. If there are no such Drawings or the aggregate amount of the Drawing(s) having an Interest Period ending on the Reduction Date in question either exceeds or falls short of the amount required to be prepaid, the Borrower shall prepay, in full or in part, the Drawing(s) selected by the Agent.

Appears in 6 contracts

Samples: Facility Agreement (NCL CORP Ltd.), Facility Agreement (NCL CORP Ltd.), Facility Agreement (NCL CORP Ltd.)

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Drawing. If the Borrower fails to give notice to the Agent selecting the Drawing(s) to be prepaid, the Borrower shall be deemed to have selected to prepay first any Drawings having an Interest Period ending on the Reduction Date in questionquestion or the Final Maturity Date. If there are no such Drawings or the aggregate amount of the Drawing(s) having an Interest Period ending on the Reduction Date in question or the Final Maturity Date either exceeds or falls short of the amount required to be prepaid, the Borrower shall prepay, in full or in part, the Drawing(s) selected by the Agent.

Appears in 1 contract

Samples: Original Facility Agreement (NCL CORP Ltd.)

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