Common use of Amount and Disbursement Clause in Contracts

Amount and Disbursement. The Future Portion shall consist of Advances to be made by Lender to Borrower up to the maximum principal amount of $5,000,000.00 minus the Principal Balance outstanding from time to time during the term of this Loan Agreement, provided that all of the terms and conditions set forth in subsection 2.2.3 have been satisfied.

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)

AutoNDA by SimpleDocs

Amount and Disbursement. The Future Portion shall consist of Advances to be made by Lender to Borrower up to the maximum principal amount of $5,000,000.00 1,500,000.00 minus the Principal Balance outstanding from time to time during the term of this Loan Agreement, provided that all of the terms and conditions set forth in subsection 2.2.3 2.2.2 have been satisfied.

Appears in 2 contracts

Samples: Subordinated Loan Agreement (Security Associates International Inc), Subordinated Loan Agreement (Security Associates International Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!