Funding at Closing. The Borrowers shall deposit with Lender the amounts necessary to fund each of the Reserves as set forth below. Deposits into the Reserves at Closing may occur by deduction from the amount of the Loan that otherwise would be disbursed to the Borrowers, followed by deposit of the same into the applicable Sub-Account or Account of the Lock Box Account in accordance with the Cash Management Agreement on the Closing Date. Notwithstanding such deductions, the Loan shall be deemed for all purposes to be fully disbursed at Closing.
Funding at Closing. Borrowers shall deposit with Lender the amounts necessary to fund each of the Reserves as set forth below. Deposits into the Reserves at Closing may occur by deduction from the amount of the Loan that otherwise would be disbursed to Borrowers, followed by prompt deposit of the same into the applicable Sub-Account of the Deposit Account in accordance with the terms hereof. Notwithstanding such deductions, the Loan shall be deemed for all purposes to be fully disbursed at Closing.
Funding at Closing. The Issuer shall deposit with the Indenture Trustee the amounts necessary to fund each of the Reserves and each Prefunding Account as set forth below. Deposits into the Reserves or Prefunding Account, as the case may be, on any Closing Date may occur by deduction from the amount of proceeds of the issuance of the Notes on such Closing Date that otherwise would be disbursed to the Issuer, followed by deposit of the same into the applicable Reserve Account in accordance with the Cash Management Agreement or the applicable Series Indenture Supplement on such Closing Date. Notwithstanding such deductions, such Notes shall be deemed for all purposes to be issued in full on the applicable Closing Date.
Funding at Closing. The Obligors shall deposit with the Indenture Trustee the amounts necessary to fund each of the Reserves as set forth below. Deposits into the Reserves on any Closing Date may occur by deduction from the amount of proceeds of the issuance of the Notes on such Closing Date that otherwise would be disbursed to the Co-Issuers, followed by deposit of the same into the applicable Reserve Account in accordance with the Cash Management Agreement or the applicable Series Indenture Supplement on such Closing Date. Notwithstanding such deductions, such Notes shall be deemed for all purposes to be issued in full on the Closing Date.
Funding at Closing. At the Closing, Purchaser shall be capitalized by Parent with at least $20,076,099.51 (the “Aggregate Consideration”), which Parent shall cause Purchaser and the Surviving Corporation, as applicable, to apply as follows:
Funding at Closing. At the Closing, Purchaser shall be capitalized with at least $13,000,000 which shall be applied as follows:
Funding at Closing. On the date hereof and in connection with the initial Closing (the “Initial Closing”) hereunder, the Investors shall fund and disburse on behalf of the Company an aggregate amount of US$885,077, against issuance to the Investors of Notes in such aggregate principal amount, as allocated between them and in the manner set forth on Exhibit B (such amount, as disbursed, the “Initial Closing Disbursement”).
Funding at Closing. Borrower acknowledges and agrees that some or all of the Reserves will require an initial funding or payment to be made by Borrower in order for Lender to be assured that Lender will be holding sufficient funds under each Reserve at all times during the term of the Loan. Accordingly, Borrower shall, at Lender’s option, make such additional deposits with Lender on the Closing Date. Deposits into the Reserves at Closing may occur by deduction from the amount of the Loan that otherwise would be disbursed to Borrower, followed by prompt deposit of the same into the Central Account or an Ancillary Account in accordance with this Agreement. The Loan shall be deemed for all purposes to be fully disbursed at Closing.
Funding at Closing. To the extent not funded pursuant to Section 5.15 hereof, Borrowers shall deposit with Lender the amounts necessary to fund each of the Reserves as set forth below. Deposits into the Reserves at Closing may occur by deduction from the amount of the Loan that otherwise would be disbursed to Borrowers, followed by prompt deposit of the same into the applicable Sub-Account of the Central Account in accordance with the terms hereof. Notwithstanding such deductions, the Loan shall be deemed for all purposes to be fully disbursed at Closing.
