Initial Funding. On the Effective Date, each Lender ---------------- shall severally make a Loan to the Borrower in an amount equal to such Lender's Applicable Percentage of the first $3,700,000 of the Initial Commitment (the "Initial Funding") as set forth in the Initial Funding Disbursement Request ---------------- delivered to such Lender by 11:00 a.m. at least two Business Days prior to the Effective Date and approved by the Lenders.
Appears in 5 contracts
Samples: Credit Agreement (Crested Corp), Credit Agreement (Crested Corp), Credit Agreement (Crested Corp)