Availability of First Advances Clause Samples

Availability of First Advances. The Borrower has borrowed the entire First Commitment by way of six (6) separate loan advances (each a “First Advance”) in the aggregate total principal amount of $1,210,000. The First Advances have already been made under the Existing Loan Agreement and are evidenced by the Notes issued under the Existing Loan Agreement (the date of each such note being a “First Advance Date”).