REQUESTED ADVANCE DATE Sample Clauses

The "Requested Advance Date" clause defines the specific date on which a borrower requests to receive a loan advance or disbursement from the lender. In practice, this clause requires the borrower to notify the lender in advance of the desired funding date, often specifying a minimum notice period and any conditions that must be met before funds are released. Its core function is to ensure both parties are aligned on the timing of disbursements, allowing the lender to prepare funds and the borrower to plan for their financial needs, thereby reducing misunderstandings and administrative delays.
REQUESTED ADVANCE DATE. This Advance is requested to be made on:
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REQUESTED ADVANCE DATE. ____________________3 ______________________________ 1Insert the Bond Identifier that FFB assigned to the Bond (as provided in section 5.1(a)(2) of the Bond Purchase Agreement referred to in the Bond). 2 Insert the particular amount of funds that the Borrower requests to be advanced, which amount must satisfy the condition specified in section 7.3.4 of the Bond Purchase Agreement referred to in the Bond. 3Insert the particular calendar date that the Borrower requests to be date on which this Advance is to be made, which date must meet the criteria for Requested Advance Dates specified in section 7.3.1(a)(3) of the Bond
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REQUESTED ADVANCE DATE. This Advance is requested to be made on: .4
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REQUESTED ADVANCE DATE. This Advance is requested to be made on: (1) Insert the corporate name of the Borrower. If the corporate name of the Borrower at the time of this Advance is different from the corporate name that appears on page 1 of the Note, add “(formerly )”, and insert in this second blank the corporate name of the Borrower as it appears on page 1 of the Note. (2) Insert the “Note Identifier” that FFB assigned to the Note (as provided in the Note Purchase Agreement). (3) Insert the particular amount of funds that the Borrower requests to be advanced. (4) Insert the particular calendar date that the Borrower requests to be date on which this Advance is to be made, which must be a Business Day.
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REQUESTED ADVANCE DATE. In connection with this Initial Advance Request, Borrower hereby represents and certifies to the Lender as follows, which representations and certifications are true and correct as of the date of this Certificate and will be true and correct as of the Advance Date (unless Borrower otherwise notifies the Lender in writing prior to the Advance Date): a. The proceeds of the requested initial Revolving Credit Loan Advance (together, the "Advance") will be used for purposes that are authorized under Section 8.5 of the Loan Agreement and in a manner in compliance with the terms of the Loan Agreement. b. The representations and warranties set forth in the Loan Agreement are and will be true and correct in all material respects on and as of the date hereof and as of the Advance Date, and the representations and warranties in each other Loan Document delivered to the Lender pursuant to the Loan Agreement on or prior to this Initial Advance Request and the Advance Date herefor are and will be true and correct in all material respects on and as of the date hereof and as of the Advance Date, except as set forth in the Schedules to the Loan Agreement or in a schedule hereto (which disclosure will not constitute Lender's waiver or acceptance thereof). c. No Default or Event of Default under the Loan Agreement and no default under any other Loan Document has occurred and is continuing as of the date hereof or as of the Advance Date or will occur as a result of making the Advance requested hereby, except as set forth in a schedule hereto (which disclosure will not constitute Lender's waiver or acceptance thereof). d. All conditions precedent for the type of advance requested hereby under the Loan Agreement, as set forth in Article 4 thereof, have been satisfied and will continue to be satisfied as of the Advance Date. The Lender is hereby irrevocably authorized and instructed to arrange for and to disburse the proceeds of the requested initial Revolving Credit Loan in accordance with the instructions set forth on Exhibit A annexed hereto.
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REQUESTED ADVANCE DATE. 20__. Borrower acknowledges that it may take up to three Business Days after all conditions to funding have been fully satisfied or otherwise waived by Lender to fund the Requested Advance and, consequently, the funding may not occur on the Requested Advance Date.
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REQUESTED ADVANCE DATE. This Advance is requested to be made on: $____________________.4 _______________________________ 1Insert the corporate name of the Borrower. If the corporate name of the Borrower at the time of this Advance is different from the corporate name that appears on page 1 of the Note, add "(formerly _____________)", and insert in this second blank the corporate name of the Borrower as it appears on page 1 of the Note. 2Insert the "Note Identifier" that FFB assigned to the Note (as provided in the Note Purchase Agreement). 3Insert the particular amount of funds that the Borrower requests to be advanced. 4Insert the particular calendar date that the Borrower requests to be date on which this Advance is to be made, which must be a Business Day. ADVANCE REQUEST - page 2
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Related to REQUESTED ADVANCE DATE

  • Funding Date Each Lender’s obligations to make any Loan hereunder shall become effective upon the satisfaction or waiver (in accordance with Section 8.02) of the following conditions on or after the Effective Date: (a) The Effective Date shall have occurred; (b) The Acquisition shall have been (or, substantially contemporaneously with the borrowing of the Loans, shall be) consummated in each case in all material respects in accordance with the terms set forth in the Acquisition Agreement after giving effect to any modifications, amendments, supplements, consents, waivers or requests, other than those modifications, amendments, supplements, consents, waivers or requests (including the effects of any such requests) by the Borrower that are materially adverse to the interests of the Lenders (it being understood that any modification, amendment, supplement, consent, waiver or request by the Borrower to the definition of Material Adverse Effect (as defined in the Acquisition Agreement) shall be deemed to be materially adverse to the interests of the Lenders and any consent or request made by the Borrower pursuant to Section 6.15 of the Acquisition Agreement and the Acquired Company’s compliance therewith shall not be deemed to be materially adverse to the interests of the Lenders), unless consented to in writing by the Arrangers (such consent not to be unreasonably withheld, conditioned or delayed); (c) The Administrative Agent shall have received (i) audited consolidated balance sheets and related audited statements of operations, stockholders’ equity and cash flows of the Borrower and the Acquired Company for each of the three fiscal years most recently ended at least 90 days prior to the Funding Date and (b) unaudited consolidated balance sheets and related unaudited statements of operations, stockholders’ equity and cash flows of the Borrower and the Acquired Company for each subsequent fiscal quarter ended at least 45 days prior to the Funding Date; provided that the filing of financial statements complying with the foregoing requirements on Form 10-K or Form 10-Q, as the case may be, by the Borrower or the Acquired Company will satisfy the applicable conditions set forth in this clause (c) of Section 4.

  • Amount of Borrowing Tranche Each Borrowing Tranche of Loans under the LIBOR Rate Option shall be in integral multiples of $500,000 and not less than $1,000,000; and

  • Drawdown Date The date on which any Loan is made or is to be made, and the date on which any Loan which is made prior to the Maturity Date, as applicable, is converted in accordance with §4.1.

  • Eurodollar Rate Loans After Default After the occurrence of and during the continuation of a Potential Event of Default or an Event of Default, (i) Company may not elect to have a Loan be made or maintained as, or converted to, a Eurodollar Rate Loan after the expiration of any Interest Period then in effect for that Loan and (ii) subject to the provisions of subsection 2.6D, any Notice of Borrowing or Notice of Conversion/Continuation given by Company with respect to a requested borrowing or conversion/continuation that has not yet occurred shall be deemed to be rescinded by Company.

  • Initial Advance Borrower shall have delivered to Lender each of the following, in form and substance satisfactory to Lender (the date on which each of the following shall have been so delivered is referred to herein as the “Effective Date”): (a) executed originals of the Loan Documents and all other documents and instruments reasonably required by Lender to effectuate the transactions contemplated hereby or to create and perfect the Liens of Lender with respect to all Collateral, in all cases in form and substance reasonably acceptable to Lender; (b) certified copy of resolutions of Borrower’s board of directors evidencing approval of (i) the Loan and other transactions evidenced by the Loan Documents; and (ii) the Warrant and transactions evidenced thereby; (c) certified copies of the Certificate of Incorporation and the Bylaws, as amended through the Closing Date, of Borrower; (d) a certificate of good standing for Borrower from its state of incorporation and similar certificates from all other jurisdictions in which it does business and where the failure to be qualified would have a Material Adverse Effect; (e) a certificate of incumbency as to each officer of Borrower who is authorized to execute the Loan Documents, the Warrant, and all other documents and instruments to be delivered pursuant to the Loan Documents and the Warrant on behalf of Borrower, including, without limitation, the chief financial officer of Borrower; (f) payment of the Facility Charge and reimbursement of Lender’s current expenses reimbursable pursuant to this Agreement, which amounts may be deducted from the initial Advance; (g) Landlord Consents or Bailee Agreements, as applicable, for the premises where the Financed Equipment will, upon completion of transit, be located; provided, that up to $3,750,000 of the initial Advance may be used for the purchase of International Based Financed Equipment without delivering to Lender, prior to the disbursement of such Advance, any Landlord Consents in respect of the premises in the continental United States where such International Based Financed Equipment may be located temporarily, so long as (i) prior to the disbursement of such Advance, one or more Bailee Agreements, as applicable, are delivered in respect of the foreign premises where such International Based Financed Equipment will be located upon completion of transit, and (ii) within 90 days of the Effective Date (or any subsequent Advance Date with respect to any International Based Financed Equipment not financed on the Effective Date), such International Based Financed Equipment is relocated to such foreign premises; (h) a Consent Letter from each Incumbent Lender; (i) a Release Letter from each Incumbent Lender with respect to the Financed Equipment purchased with the proceeds of the initial Advance; and (j) such other documents as Lender may reasonably request.