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Common use of Funding Procedure Clause in Contracts

Funding Procedure. Borrower shall have complied to Agent's satisfaction with each of the conditions precedent to funding of an Advance set forth in Section 5 hereof.

Appears in 4 contracts

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

Related Clauses

  • Funding Procedures
  • BIDDING PROCEDURE
  • Borrowing Procedure
  • Bumping Procedure
  • Closing Procedure

Parent Clauses

  • Eurodollar Pricing Options
  • Libor Pricing Options
  • Interest Eurodollar Pricing Options Fees
  • Conditions Precedent to Funding of Advances with Respect to Additional Eligible Resorts
  • Specifically Prohibited Applications

Sub-Clauses

  • Expenses
  • Proceedings Satisfactory
  • Loan Documents/Collateral
  • Third Installment
  • Fourth Installment
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