Date of Advance Sample Clauses
The "Date of Advance" clause defines the specific date on which funds are disbursed to the borrower under a loan agreement. In practice, this clause establishes when the lender is obligated to provide the loan amount, which may be contingent on the satisfaction of certain conditions precedent, such as the completion of documentation or fulfillment of covenants. By clearly specifying the timing of the advance, this clause ensures both parties are aligned on when financial obligations commence, thereby reducing the risk of disputes regarding the start of the loan period or the accrual of interest.
Date of Advance. [ ](check if applicable) This Advance is or includes a whole or partial refund/conversion of: Advance No(s).____________________________
Date of Advance. Amount of Advance: $ ------------ / / Comerica Bank Account No. ------------------------ / / Other: --------------------------------- ---------------------------------
Date of Advance. The Lessee requests that the Advance be made on [ ].
Date of Advance. ¨ (Check if applicable) This Advance is or includes a whole or partial refunding/conversion of: Advance No(s).
Date of Advance. (s) of the Loan
3.2.1 Subject to Clauses 3.1.2 and 3.2.2, (and subject to the satisfaction of the relevant conditions set forth in Clauses 3.4 and 3.5), each Tranche shall be advanced and made available to the Borrower within five (5) Business Days from receipt by the Lender of an executed Drawdown Notice (or such shorter period as the Lender may agree in writing). Each Drawdown Notice must be received by the Lender at least five (5) Business Days prior to the end of the relevant Expiry Date. Each Drawdown Notice shall constitute a separate and independent obligation of the Borrower incorporating the terms of this Loan Agreement. Once a Drawdown Notice has been delivered to the Lender, it is irrevocable. Each Tranche requested to be advanced pursuant to a Drawdown Notice shall be in an amount equal to or greater than the Minimum Drawdown Amount. If the Drawdown Date is the first day of a calendar month and such day is not a Business Day, the Lender shall only be obliged to advance the Tranche to the Borrower on the first Business Day of that month.
3.2.2 if the Drawdown Date falls on a day which is not a Business Day, the Lender shall only be obligated to pay the Drawdown Amount to the Borrower on the next Business Day in that calendar month.
Date of Advance. The requested date of the proposed Advance is ___________ __, 19_, which is a Business Day and which complies with the provisions of the Credit Agreement.
Date of Advance. The date on which such requested Advance is to be made shall be a Business Day.
Date of Advance. If all documents are properly completed, the loan application process is estimated to take at most ten (10) business days. Based on this estimate, if the loan is approved, the estimated date of advance will be:
Date of Advance. ACTION will buy ACCEPTABLE ACCOUNTs at the NET AMOUNT less any specified reserve which will be advanced to CLIENT at the time the ACCOUNT is accepted.
Date of Advance. B. Principal Amount of Advance -------------------- Sincerely, S▇▇▇▇ INCORPORATED, a Delaware corporation By: ------------------------------------ Name: ---------------------------------- Title: --------------------------------- ADVANCED TECHNOLOGY SERVICES, INC., an Arizona corporation By: ------------------------------------ Name: ---------------------------------- Title: --------------------------------- EXHIBIT "B" COMPLIANCE CERTIFICATE FOR PERIOD ENDING ------------------ ("REPORTING PERIOD")
(1) Dear Ladies and Gentlemen: This Compliance Certificate refers to the Credit Agreement dated as of January 10, 2000 (as it may hereafter be amended, modified, extended or restated from time to time, the "Credit Agreement"), between S▇▇▇▇, Incorporated, a Delaware corporation and Advanced Technology Services, Inc., an Arizona corporation (together, the "Borrower") and Imperial Bank, a California banking corporation. Capitalized terms used and not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement.