Common use of Funding Mechanics Clause in Contracts

Funding Mechanics. (a) Within fifteen (15) days after Lender’s receipt of a written notice of drawdowvn executed by Borrower (“Drawdown Notice”) a form of which is attached as Exhibit A-1 hereto, Lender agrees to advance funds to Borrower from time to time in the form of loans (each such advance, a “Loan”) until the Maturity Date; provided, however, that in no event shall the aggregate principal amount of all Loans advanced hereunder at any time exceed $48,000 and provided further, that no Event of Default (as defined below) has occurred and is continuing. Loans repaid may not be reborrowed by Borrower,

Funding Mechanics. (a) Within fifteen (15) days after Lender’s receipt of a written notice of drawdowvn drawdown executed by Borrower (“Drawdown Notice”) a form of which is attached as Exhibit A-1 hereto, Lender agrees to advance funds to Borrower from time to time in the form of loans (each such advance, a “Loan”) until the Maturity Date; provided, however, that in no event shall the aggregate principal amount of all Loans advanced hereunder at any time exceed $48,000 1,272,000.00 and provided further, that no Event of Default (as defined below) has occurred and is continuing. Loans repaid may not be reborrowed by Borrower,.

Funding Mechanics. (a) Within fifteen (15) days after Lender’s receipt of a written notice of drawdowvn drawdown executed by Borrower (“Drawdown Notice”) a form of which is attached as Exhibit A-1 hereto, Lender agrees to advance funds to Borrower from time to time in the form of loans (each such advance, a “Loan”) until the Maturity Date; provided, however, that in no event shall the aggregate principal amount of all Loans advanced hereunder at any time exceed $48,000 711,908.00 and provided further, that no Event of Default (as defined below) has occurred and is continuing. Loans repaid may not be reborrowed by Borrower,.

Funding Mechanics. (a) Within fifteen (15) days after Lender’s receipt of a written notice of drawdowvn drawdown executed by Borrower (“Drawdown Notice”) a form of which is attached attached’ as Exhibit A-1 hereto, Lender agrees to advance funds to Borrower from time to time in the form of loans (each such advance, a “Loan”) until the Maturity Date; provided, however, that in no event shall the aggregate principal amount of all Loans advanced hereunder at any time exceed $48,000 1,358,622.72 and provided further, that no Event of Default (as defined below) has occurred and is continuing. Loans repaid may not be reborrowed by Borrower,.

Funding Mechanics. (a) Within fifteen (15) days after Lender’s receipt of a written notice of drawdowvn drawdown executed by Borrower (“Drawdown Notice”) a form of which is attached as Exhibit A-1 hereto, Lender agrees to advance funds to Borrower from time to time in the form of loans (each such advance, a “Loan”) until the Maturity Date; provided, however, that in no event shall the aggregate principal amount of all Loans advanced hereunder at any time exceed $48,000 1,109,469.28 and provided further, that no Event of Default (as defined below) has occurred and is continuing. Loans repaid may not be reborrowed by Borrower,.