Funding upon any Addition. The Borrowers shall deposit, upon the Addition of any Additional Sites or Additional Borrower Sites, any amounts necessary to fully fund the Reserves described below after giving effect to any increase in the Reserves made to reflect such Addition. Deposits into the Reserves on any Additional Closing Date may occur by deduction from the amount of the Loan Increase that would be disbursed to the Borrowers. Notwithstanding such deductions, the Loan Increase shall be deemed for all purposes to be fully disbursed at the Additional Closing.
Appears in 5 contracts
Samples: Loan and Security Agreement (American Tower Corp /Ma/), Loan and Security Agreement (Sba Communications Corp), Loan and Security Agreement (American Tower Corp /Ma/)
