Common use of Closing Date Advance Clause in Contracts

Closing Date Advance. In the event that Borrower desires Lender to make an Advance on the Closing Date, then, in addition to all of the conditions precedent set forth in this Section 4, Borrower shall have complied with all of the requirements of Section 5 below at least five (5) Business Days prior to the Closing Date.

Appears in 2 contracts

Sources: Loan and Security Agreement (Silverleaf Resorts Inc), Loan and Security Agreement (Silverleaf Resorts Inc)

Closing Date Advance. In the event that Borrower desires Agent or any Lender to make an Advance on the Closing Date, then, in addition to all of the conditions precedent set forth in this Section 4, Borrower shall have complied with all of the requirements of Section 5 below at least five (5) Business Days prior to the Closing Date.

Appears in 1 contract

Sources: Loan and Security Agreement (Silverleaf Resorts Inc)