AMOUNT AND ADVANCEMENT. 1.1 The Lender shall make available to the Debtor a line of credit in the amount of $100,000 USD for use in its business; 1.2 The Debtor may drawn upon this line of credit from time to time as it sees fit and after giving notice for the advancement of funds; 1.3 The Debtor shall give the Lender seven (7) days notice of its request for the advancement of the funds; 1.4 The Lender shall advance the requested funds to the Debtor upon receipt of the notice requesting the advancement of funds within seven (7) days.
Appears in 4 contracts
Samples: Loan Agreement (Growth Mergers Inc), Loan Agreement (Growth Mergers Inc), Loan Facility Agreement (Branson Jewelry Iusa Inc)
AMOUNT AND ADVANCEMENT. 1.1 The Lender shall make available to the Debtor a line of credit in the amount of USD $100,000 USD 50,000 for use in its business;
1.2 The Debtor may drawn upon this line of credit from time to time as it sees fit and after giving notice for the advancement of funds;
1.3 The Debtor shall give the Lender seven (7) days notice of its request for the advancement of the funds;
1.4 The Lender shall advance the requested funds to the Debtor upon receipt of the notice requesting the advancement of funds within seven (7) days.
Appears in 2 contracts
Samples: Loan Agreement (Bangla Property Management Inc), Loan Agreement (Bangla Property Management Inc)
AMOUNT AND ADVANCEMENT. 1.1 The Lender shall make available to the Debtor a line of credit in the amount of USD $100,000 USD 20,000 for use in its business;
1.2 The Debtor may drawn upon this line of credit from time to time as it sees fit and after giving notice for the advancement of funds;
1.3 The Debtor shall give the Lender seven (7) days notice of its request for the advancement of the funds;
1.4 The Lender shall advance the requested funds to the Debtor upon receipt of the notice requesting the advancement of funds within seven (7) days.
Appears in 1 contract
Samples: Loan Agreement (Monaco Group Inc)
AMOUNT AND ADVANCEMENT. 1.1 The Lender shall make available to the Debtor a line of credit in the amount of USD $100,000 USD for use in its business;
1.2 The Debtor may drawn upon this line of credit from time to time as it sees fit and after giving notice for the advancement of funds;
1.3 The Debtor shall give the Lender seven (7) days notice of its request for the advancement of the funds;
1.4 The Lender shall advance the requested funds to the Debtor upon receipt of the notice requesting the advancement of funds within seven (7) days.
Appears in 1 contract
AMOUNT AND ADVANCEMENT. 1.1 The Lender shall make available to the Debtor a line of credit in the amount of USD $100,000 USD for use in its business;
1.2 The Debtor may drawn upon this line of credit from time to time as it sees fit and after giving notice for the advancement of funds;
1.3 The Debtor shall give the Lender seven (7) days notice of its request for the advancement of the funds;
1.4 The Lender shall advance the requested funds to the Debtor upon receipt of the notice requesting the advancement of funds within seven (7) days.
Appears in 1 contract
