Advance of Loan. (a) The Facility Agent must promptly notify each Lender of the details of the requested Loan and the amount of its share in that Loan.
Advance of Loan. (a) The Agent shall promptly notify each Bank of the details of the requested Loan and the amount of its participation in the Loan.
Advance of Loan. The Lender is hereby irrevocably authorised and requested to advance the Loan directly to the Provider of Services by electronic funds transfer in payment for the services rendered.
Advance of Loan. (a) The Lender is not obliged to make a Loan if, as a result, the Loans would exceed the Loan Commitment.
Advance of Loan. At Borrower’s written request pursuant to a Request for Advance in the form set forth in Schedule D, Lender will advance Borrower an amount, (the “Advance”), in an aggregate amount not to exceed $3,000,000 for use by Borrower as general working capital, (the “Working Capital Line”). Lender’s obligation to make the Advance under the Working Capital Line will be at its sole discretion and in any event, will be subject to the following conditions precedent (i) through (viii): (i) Lender and Borrower shall have entered into mutually acceptable Loan documentation, along with such other ancillary documents and instruments as may be reasonably required by Lender in connection with the Advance under the Working Capital Line, including corporate resolutions and incumbency certificates, or other documents evidencing the Borrower’s authority to execute and deliver the Loan (substantially in the form set forth in Schedule E or other form reasonably acceptable to Lender), evidence of insurance pursuant to “Accord” certificates (pursuant to the request set forth in Schedule F), appropriate waivers or agreements (each a “Waiver”) from all Collateral lien-holders and entities in control of the real property on which Collateral with a fair market value in excess of $50,000 is located including landlords and co-location facilities, but excluding entities and facilities performing Borrower’s drug trials and to which raw materials and goods are shipped, until products produced by such entities and facilities can be classified as “inventory” under generally accepted accounting principles (“GAAP”) and the Uniform Commercial Code as from time to time in effect in the State of California (the “UCC”) (substantially in the form set forth in Schedule H and Schedule I, respectively, or other form reasonably acceptable to Lender), provided, however, with respect to each Waiver, Borrower shall have sixty (60) days after the effective date of this Agreement to obtain and deliver the appropriate Waiver from its landlord, and Borrower and Lender agree if the required Waiver is either missing or does not include language reasonably satisfactory to Lender which provides to Lender an independent means of access to the Collateral, Borrower shall pay to Lender, as additional security, cash in an amount equal to one month’s Basic Loan Payment (“Additional Security”), which deposit will be applied to the next Basic Loan Payment due after the required Waiver is provided and if the required Waiver...
Advance of Loan. Subject to the terms of this Agreement, the Bank shall make the Loan available to the Borrower on the relevant Drawdown Date.
Advance of Loan. (a) The Facility Agent must promptly notify each Lender of the details of the requested Loan and the amount of its share in that Loan by no later than 10 a.m. on the Rate Fixing Day for the proposed Utilisation Date.
Advance of Loan. Subject to the terms of this Agreement, the Lender shall make the Loan available to the Borrower on the relevant Drawdown Date by crediting the Borrower's Current Account or, as otherwise requested by the Borrower and agreed by the Lender.
Advance of Loan. If the conditions set out in this Agreement have been met, the Lender shall make the Loan available to the Borrower on the Utilisation Date.
Advance of Loan. 5.3.1 The Agent shall promptly notify the Account Bank and each Bank of the details of the requested Loan and each Bank of the amount of its participation in the Loan.
