SECTION 1.02 Notice of Borrowing and Funding
When the Borrower desires to borrow under this Agreement, it shall deliver to the Lender a notice of borrowing in substantially the form of Exhibit A (a “Notice of Borrowing”) not later than the five (5) Business Days (as defined below) prior to the proposed date of borrowing, unless otherwise agreed by the Lender.
The Notice of Borrowing shall be irrevocable and may be submitted by facsimile or e-mail.
The Notice of Borrowing shall specify (i) the proposed date of borrowing of the Loan (the “Funding Date”), which shall be a Business Day, (ii) the amount and the currency of the Loan, (iii) the date the Loan is repaid (the “Repayment Date”), and (iv) the designated bank account by the Borrower for the Loan.
The term "Business Day”, as used in this Agreement, means any day (i) other than a Saturday, Sunday or other day on which commercial banks in Tokyo, Japan, are authorized or requested by Law to close and (ii) on which dealing in Dollar deposits are carried on in the Bangkok interbank market.
The Lender will transfer the Loan amount to the Borrower by the Funding Date in the currency designated by the Borrower.