Loans Made after Closing Date Clause Samples
The "Loans Made after Closing Date" clause defines the terms and conditions under which additional loans may be extended to the borrower after the initial closing date of a financing agreement. Typically, this clause outlines the eligibility criteria, approval process, and any limitations or requirements for such subsequent loans, such as maximum amounts or specific purposes. Its core function is to provide a structured framework for future borrowing, ensuring both parties understand the process and limitations, thereby reducing uncertainty and managing risk associated with post-closing credit extensions.
Loans Made after Closing Date. The obligation of each Lender to make the Loans on each Subsequent Funding Date as provided for hereunder is subject to the fulfillment, to the satisfaction of each Agent and each Lender, of each of the following conditions precedent on or before such Subsequent Funding Date, unless any such condition is waived in accordance with Section 12.01:
Loans Made after Closing Date. The obligation of the Banks to make Loans to the Borrower hereunder from time to time after the Closing Date is subject to the following conditions:
Loans Made after Closing Date. Except as set forth in the first proviso of Section 2.01(f), the obligation of each Lender to make the Loans on each Subsequent Funding Date (other than the Third Amendment Initial Funding Date) as provided for hereunder is subject to the fulfillment, to the satisfaction of each Agent and each Lender, of each of the following conditions precedent on or before such Subsequent Funding Date, unless any such condition is waived in accordance with Section 12.01: