Common use of General Funding Procedures Clause in Contracts

General Funding Procedures. The Borrower shall provide the Lender with not less than three (3) Business Days prior written notice of the scheduled closing date for purchase of an Asset Pool described in an Accepted Borrowing Request and shall request funding of the related Loan on such date (each a "Borrowing Date"). On the Business Day immediately preceding a Borrowing Date, the Borrower shall transfer to the Lender the Borrower's Asset Pool Equity Contribution for the related Asset Pool, net of all Purchase Expenses paid or incurred by the Borrower. Upon receipt by the Lender of such funds from the Borrower and upon satisfaction of all applicable conditions set forth in Article IV and elsewhere in this Agreement, the Lender shall make the Loan to the Borrower as specified in the related Accepted Borrowing Request by transferring the amount of the Loan, together with that portion of the Borrower's Asset Pool Equity Contribution received by the Lender, to the Asset Pool Seller (or in whole or in part to the Parent or a Purchase Affiliate, as applicable, in connection with an assignment under Section 2.1(g), but only as specified in an Accepted Borrowing Request) in purchase of the related Asset Pool on (or immediately prior to) the closing date for purchase of such Asset Pool.

General Funding Procedures. The Borrower shall provide the Lender with not less than three (3) Business Days prior written notice of the scheduled closing date for purchase of an Asset Pool described in an Accepted Borrowing Request and shall request funding of the related Loan on such date (each a "“Borrowing Date"”). On the Business Day immediately preceding a Borrowing Date, the Borrower shall transfer to the Lender the Borrower's ’s Asset Pool Equity Contribution for the related Asset Pool, net of all Purchase Expenses paid or incurred by the Borrower. Upon receipt by the Lender of such funds from the Borrower and upon satisfaction of all applicable conditions set forth in Article IV and elsewhere in this Agreement, the Lender shall make the Loan to the Borrower as specified in the related Accepted Borrowing Request by transferring the amount of the Loan, together with that portion of the Borrower's ’s Asset Pool Equity Contribution received by the Lender, to the Asset Pool Seller (or in whole or in part to the Parent or a Purchase Affiliate, as applicable, in connection with an assignment under Section 2.1(g), but only as specified in an Accepted Borrowing Request) in purchase of the related Asset Pool on (or immediately prior to) the closing date for purchase of such Asset Pool.

General Funding Procedures. The Borrower shall provide the Lender with not less than three (3) Business Days prior written notice of the scheduled closing date for purchase of an Asset Pool described in an Accepted Borrowing Request and shall request funding of the related Loan on such date (each a "Borrowing Date"). On the Business Day immediately immediately preceding a Borrowing Date, the Borrower shall transfer to the Lender the Borrower's Asset Pool Equity Contribution for the related Asset Pool, net of all Purchase Expenses paid or incurred by the Borrower. Upon receipt by the Lender of such funds from the Borrower and upon satisfaction of all applicable conditions set forth in Article IV and elsewhere in this Agreement, the Lender shall make the Loan to the Borrower as specified in the related Accepted Borrowing Request by transferring the amount of the Loan, together with that portion of the Borrower's Asset Pool Equity Contribution received by the Lender, to the Asset Pool Seller (or in whole or in part to the Parent or a Purchase Affiliate, as applicable, in connection with an assignment under Section 2.1(g), but only as specified in an Accepted Borrowing Request) in purchase of the related Asset Pool on (or immediately prior to) the closing date for purchase of such Asset Pool.