Common use of Time and Amount Clause in Contracts

Time and Amount. Subject to such conditions precedent and other requirements, the Lender shall make advances upon not less than three (3) business days prior written request from the Borrower to the Lender, not more frequently than weekly, and in amounts not less than $100,000. The Lender shall have no obligation to make a requested advance unless and until the Borrower and Guarantor have complied to the reasonable satisfaction of the Lender and its counsel with all applicable terms and conditions of this Agreement, the Note and the Security Instruments.