Funding of Advance. On the Drawdown Date requested by the Issuer and presuming that the Issuer shall have satisfied all applicable conditions precedent set forth in E29 Article X hereof, each Noteholder shall, subject to the terms and conditions of this Loan Agreement, deposit with the account designated by the Issuer by wire transfer of same day funds not later than 1:00 p.m. (Amsterdam time) an amount equal to its Pro Rata share of the requested Advance; provided, however, that each Advance by each Noteholder shall be for an amount (A) not less than the lesser of (x) its then unused Existing Commitment and (y) such Noteholder's Pro Rata share of Five Hundred Thousand Dollars ($500,000), and (B) not greater than the lesser of (x) the Availability of such Noteholder on such Business Day and (z) such Noteholder's Pro Rata share of the Asset Base; provided, further, that in the event that any Noteholder fails to make an Advance in accordance with its Existing Commitment, then the other Noteholder(s) shall not be obligated to fund their Pro Rata share of the defaulted Noteholder(s).
Funding of Advance. If as a consequence of the adoption of, or any change in the Interpretation or administration of, any applicable law or regulation after the date hereof it becomes unlawful, or contrary to any regulation, for a Lender to make, fund or allow to remain outstanding any part of the Advance made or to be made hereunder, then if such Lender so requires, the Borrower shall within the period necessary to comply with the law, repay the relevant Lender's share of the Loan together with accrued interest thereon.
Funding of Advance. Subject to the provisions of Section 4(e) hereof, upon receipt of a duly completed and signed Advance Request Notice, each Lender, shall be obligated to advance funds in accordance herewith pursuant to an Advance Request Notice by delivering, not later than five (5) business days after Lender receives the applicable Advance Request Notice from the Borrower (the “Funding Deadline”), to Borrower or a depository account designated by Borrower, an amount equal to the Lender’s Requested Advance Amount (which shall not exceed the Lender’s Pro Rata Percentage of the Available Credit Line Amount), in immediately available funds.
Funding of Advance. 4 SECTION 3.1. Funding................................................ 4 SECTION 3.2. Appointment of Construction Agent; Payment of Construction Costs and Fees; Application of Funds................................... 8 SECTION 3.3. Advance Dates.......................................... 8 SECTION 3.4. Capitalization of Certain Amounts During Interim Term........................................... 11 SECTION 3.5. Non-Funding Lender's Portion........................... 11 SECTION 3.6. Non-Funding Certificate Holder's Portion............... 13 SECTION 3.7. Additional Rights of Lessee............................ 15
Funding of Advance. 5 Section 5.1 General.....................................................................5 Section 5.2 Procedures for Funding......................................................5 Section 5.3 Defeasance Deposit..........................................................5
Funding of Advance. CONDITIONS PRECEDENT; THE LESSEE'S DELIVERY OF NOTICES; RESTRICTIONS ON LIENS............................................................................... 3 5.1 General.................................................................. 3 5.2
Funding of Advance. On the Funding Date, upon Lender's receipt of closing instructions executed by the Escrow Agent, the Lender shall wire transfer the amount of the approved Advance to the account of Escrow Agent specified in the Funding Notice. Within seven (7) Business Days following the Funding Date, Escrow Agent shall deliver to Lender (i) the original promissory note evidencing the Funded Loan and (ii) originals of all other "Loan Documents" (as defined in the Security Agreement) listed on the Document Checklist or otherwise relating to such Funded Loan.
Funding of Advance. On any Business Day requested by the Borrower and presuming that the Borrower shall have satisfied all applicable conditions precedent set forth in Article X hereof, each Lender shall, subject to the terms and conditions of this Loan Agreement, deposit with the account designated by the Borrower by wire transfer of same day funds not later than 4:00 p.m. (Amsterdam time) an amount equal to its Pro Rata share of the requested Advance; provided, however, that each Advance by each Lender shall be for an amount (A) not less than the lesser of (x) its then Unused Commitment and (y) such Lender’s Pro Rata share of Five Hundred Thousand Dollars ($500,000), and (B) not greater than the Availability of such Lender on such Business Day or such greater amount to which such Lender may consent in its sole discretion (provided that the Aggregate Principal Balance (after giving effect to such Advance) shall not exceed Three Hundred Million ($300,000,000)).
Funding of Advance. Lender shall make the Advance available to Borrower by firstly, deducting the Structuring Fee and the legal fees of counsel for Lender in the amount of [***] and secondly, crediting the excess amount thereof, in immediately available funds, to the Funding Account(s) as specified in the Utilization Request on the same Business Day on which Borrower delivers the Utilization Request on or after the Closing Date provided that the Lender receives a duly completed Utilization Request no later than noon New York City time on such date.
Funding of Advance. (i) With respect to the Class A Notes and on any Business Day requested by the Borrower and presuming that the Borrower shall have satisfied all applicable conditions precedent set forth in Article X hereof, each Lender for the Class A Notes shall, subject to the terms and conditions of this Loan Agreement, deposit with the account designated by the Borrower by wire transfer of same day funds not later than 4:00 p.m. (Amsterdam time) an amount equal to its Pro Rata share of the requested Class A Advance; Exhibit 10.1 provided, however, that each Class A Advance by each Lender for the Class A Notes shall be for an amount (A) not less than the lesser of (x) its then Unused Commitment and (y) such Lender’s Pro Rata share of Five Hundred Thousand Dollars ($500,000), and (B) not greater than the Availability of such Lender on such Business Day or such greater amount to which such Lender may consent in its sole discretion (provided that the Principal Balances of all Class A Notes then Outstanding (after giving effect to such Class A Advance) shall not exceed Seventy-Five Million Dollars ($75,000,000)), in each case with respect to the Class A Notes only; and provided further that no Class A Advance shall be made unless the then current Principal Balance of the Class B Notes shall equal the then current Class B Aggregate Commitment.
(ii) With respect to the Class B Notes and on any Business Day requested by the Borrower and presuming that the Borrower shall have satisfied all applicable conditions precedent set forth in Article X hereof, each Lender for the Class B Notes shall, subject to the terms and conditions of this Loan Agreement, deposit with the account designated by the Borrower by wire transfer of same day funds not later than 4:00 p.m. (Amsterdam time) an amount equal to its Pro Rata share of the requested Class B Advance; provided, however, that each Class B Advance by each Lender for the Class B Notes shall be for an amount (A) not less than the lesser of (x) its then Unused Commitment and (y) such Lender’s Pro Rata share of Five Hundred Thousand Dollars ($500,000), and (B) not greater than the Availability of such Lender on such Business Day, in each case with respect to the Class B Notes only;
