Common use of Additional Advance Clause in Contracts

Additional Advance. Subject to and upon the terms and conditions stated in this Agreement, the Bank shall advance for the account of Borrower Three Hundred Fifty Thousand and No/100 Dollars ($350,000.00) as additional indebtedness evidenced by the New Note. Such advance shall be disbursed by the Bank directly to the escrow for the Aetna Restructuring in order to satisfy Borrower's share of the funds required by Aetna as a condition to the closing of that transaction, and Borrower hereby unconditionally consents to that direct disbursement of such additional advance.

Additional Advance. Subject to and upon the terms and conditions stated in this Agreement, the Bank shall advance for the account of Borrower Three Six Hundred Fifty Thousand and No/100 Dollars ($350,000.00650,000.00) as additional indebtedness evidenced by the New Note. Such advance shall be disbursed by the Bank directly to the escrow for the Aetna Restructuring in order to satisfy Borrower's share of the funds required by Aetna as a condition to the closing of that transaction, and Borrower hereby unconditionally consents to that direct disbursement of such additional advance.