Transactions to be Effected. (a) On the Initial Funding Date, the Initial Purchasers shall deliver to the Issuer funds in an amount equal to the Initial Advance Amount of the Notes; and (b) upon such delivery, the Issuer shall deliver to the Initial Purchasers the Notes and the Note Principal Balance of the Notes so held shall be increased to reflect such initial Advance.
Appears in 2 contracts
Sources: Note Purchase Agreement (Bay View Capital Corp), Note Purchase Agreement (Bay View Capital Corp)