Funding the Loans Clause Samples
The 'Funding the Loans' clause defines the lender's obligation to provide the agreed-upon loan funds to the borrower under specified conditions. It typically outlines the process for disbursing the loan amount, including any prerequisites such as documentation, compliance checks, or satisfaction of conditions precedent. This clause ensures that both parties understand when and how the loan funds will be made available, thereby providing clarity and predictability in the financing arrangement.
Funding the Loans. If a Loan has been allocated to a Lender and Borrower pursuant to Section 3.1.2 hereof, and the Loan is otherwise in compliance with the requirements set forth in the Order, the Lender shall make such Loan to the Borrower. The proceeds of each Loan made by the Lender to the Borrower shall be wired (or transferred if Borrower and Lender have the same custodian) at the Borrower’s expense in accordance with the wiring instructions for each Fund, as in effect from time to time, to an account maintained on the Borrower’s behalf by its custodian.
Funding the Loans. If a Loan has been allocated to a Lender and Borrower pursuant to Section 3.1.2, and the Loan is otherwise in compliance with the requirements set forth in the Order, the Lender shall make such Loan to the Borrower. Each Loan made by the Lender to the Borrower shall be wired (or transferred if Borrower and Lender have the same Custodian) at the Borrower's expense in accordance with the wiring instructions for each Fund maintained by the Advisor, as in effect from time to time, to an account maintained on the Borrower's behalf by its Custodian for the Portfolio in respect of which such Loan is made.
Funding the Loans. If a Loan has been allocated to a Lender and Borrower pursuant to Section 3.1.2 hereof, and the Loan is otherwise in compliance with the requirements set forth herein, in the Order and the InterFund Lending Procedures, the Lender shall make such Loan to the Borrower. The proceeds of each Loan made by the Lender to the Borrower shall be wired (or transferred if Borrower and Lender have the same custodian) at the Borrower’s expense in accordance with the wiring instructions for each Fund, as in effect from time to time, to an account maintained on the Borrower’s behalf by its custodian.
Funding the Loans. (a) Each Lender shall make its Loan on the Effective Date by wire transfer of immediately available funds by 2:00 p.m., New York, New York time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders.
Funding the Loans. If, upon receipt of a Loan Request, AMR is willing to make a Loan to the requesting Borrower, AMR will do so by depositing or wiring the proceeds thereof, on the same day and in immediately available funds, to such custodial account of such Borrower as the Borrower shall have designated by notice to AMR.
Funding the Loans. If, upon receipt of a Loan Request, ABA is willing to make a Loan to the requesting Borrower, ABA will do so by depositing or wiring the proceeds thereof, on the same day and in immediately available funds, to such custodial account of such Borrower as the Borrower shall have designated by notice to ABA.
Funding the Loans. The Bank shall make each Loan hereunder by depositing or wiring the proceeds thereof, on the same day in immediately available funds and at the Borrower's expense, to an account maintained on the Borrower's behalf by its Custodian in accordance with the wiring instructions set forth in SCHEDULE II hereto, as amended by the Borrower and in effect from time to time.
Funding the Loans. 25 SECTION 2.07 TERMINATION......................................................... 26 SECTION 2.08 TOTAL RESERVE VALUE................................................. 27 SECTION 2.09
Funding the Loans. Subject to Section 2.1(i) hereof, upon fulfillment of the applicable conditions set forth in Section 7 hereof, Lender will make the requested Loan available to Borrower at Lender's offices designated at the beginning of this Agreement.
Funding the Loans. If, upon receipt of a Loan Request in accordance with Section 2.2(a) hereof, the Bank is willing, in its discretion, to make a Loan to the requesting Borrower for itself or on behalf of a Portfolio, the Bank shall make such Loan by depositing or wiring the proceeds thereof, on the same day in immediately available funds and at the applicable Borrower's expense, to an account maintained on behalf of such Borrower or Portfolio by the Custodian of such Borrower or Portfolio in accordance with the wiring instructions set forth in SCHEDULE II hereto, as amended by such Borrower and in effect from time to time.