Initial Draw. The initial draw on the Citizens LOC will be a $1,050,700 check to RemoteMDx, 150 West Civic Center Drive, Suite 400, Sandy, UT 84000 xxx xxxx xx xxxx xxxxxx xxx xxxxxxxxx xxxxxxxxxx xxxchased by RemoteMDx.
Initial Draw. On the terms and subject to the conditions hereinafter set forth, Victory agrees to lend to Lxxxx upon written request in accordance with the Note (as defined below) and this Agreement up to Two Million Dollars ($2,000,000) (the “Loan”). On the date hereof, Victory shall advance to Lxxxx Two Hundred and Fifty Thousand Dollars ($250,000) (the “Initial Draw”). The Initial Draw shall be used as expressly provided in the Disbursement Instructions (as defined below) and not for any other purpose.
Initial Draw. On the Execution Date, the Investor shall provide the Company under the Line of Credit, and the Company shall draw down under the Line of Credit, Twelve Million Five Hundred Thousand Dollars ($12,500,000) (the "Initial Draw"), thereby reducing to Thirty Seven Million Five Hundred Thousand Dollars ($37,500,000) the remaining amount available to the Company under the Line of Credit.
Initial Draw. The Initial Draw shall be advanced to an account of Xxxxxxxx’s at Fifth Third or its Affiliate and held until satisfaction of all conditions precedent to the Concorde Acquisition have been met.
Initial Draw. At time of the Loan Closing, Lender will fund to Borrower`s attorney the agreed upon initial draw ( less closing costs) and will use said proceeds to pay those items described on Schedule 4.2(d). (f)
Initial Draw. As conditions precedent to the obligation of the Bank to purchase the Series 2018 Bond and make the initial advance of Loan proceeds, the District shall have provided to the Bank, on or before the Closing Date:
Initial Draw. The Initial Draw shall include a mutually agreed amount to reimburse Developer and Tenant for Project Costs actually incurred or paid by those parties (including, without limitation, fees and costs incurred prior to this Agreement for the General Contractor, Architect and other design professionals) on and before the date of Bond Closing. Developer and Owner shall agree on the maximum amount of the Initial Draw and shall notify Tenant of that agreed maximum amount by no later than three (3) business days prior to the Sale of the Bonds; in addition, Developer and Owner shall agree on the exact amount of the Initial Draw and shall notify Tenant of that agreed Initial Draw amount by no later than seven (7) business days prior to the Bond Closing.
Initial Draw. After giving effect to the payment of, or the creation of a Reserve for, all fees and expenses related to the Related Transactions, no more than $80,000,000 in Revolving Loans (including, without duplication, all Letter of Credit Obligations incurred) will be drawn as of the Closing Date.
Initial Draw. The initial Revolving Advance on the date hereof under the Revolving Line of Credit shall not exceed $2,500,000.
Initial Draw. Promptly following the receipt of a request from the Borrower on or after the Closing Date but subject to the satisfaction of the conditions precedent described below under the headings “Conditions to Initial Extension of Credit” and “Conditions to both Draws under DIP Facility”, the DIP Lenders will advance an amount not greater than $5,000,000, (such amount, the “Interim Amount”) based on their respective commitments under the DIP Facility.
