Amount and Disbursement. The Parties acknowledge that the Initial Portion was disbursed in the amounts of $500,000.00 on November 1, 1996 and $4,200,000 to be disbursed on January 2, 1997, respectively. The initial portion shall henceforth be subject to this Loan Agreement. Any notes previously issued in connection with the initial portion shall be returned to Borrower for cancellation and the Initial Portion shall upon such cancellation be reflected in and subject to the Note.
Appears in 3 contracts
Samples: Subordinated Loan Agreement (Security Associates International Inc), Subordinated Loan Agreement (Security Associates International Inc), Subordinated Loan Agreement (Security Associates International Inc)
Amount and Disbursement. The Parties acknowledge that the Initial Portion was disbursed in the amounts of $500,000.00 on November 1, 1996 and $4,200,000 to be disbursed on January 2December 9, 1997, respectively. The initial portion shall henceforth be subject to this Loan Agreement. Any notes previously issued in connection with the initial portion shall be returned to Borrower for cancellation and the Initial Portion shall upon such cancellation be reflected in and subject to the Note.
Appears in 2 contracts
Samples: Subordinated Loan Agreement (Security Associates International Inc), Subordinated Loan Agreement (Security Associates International Inc)
