Common use of Loan Drawdowns Clause in Contracts

Loan Drawdowns. The Borrower shall draw down the First Drawdown Amount, Second Drawdown Amount and Third Drawdown Amount in accordance with the schedule set forth in the recitals of this Agreement, whereby such Loan Amounts shall be deposited directly by the Lender into the Company’s bank account detailed in Schedule 4.1 hereto and the Lender shall deliver to the Borrower a wire confirmation thereof upon the Effective Date.

Appears in 2 contracts

Samples: Facility Agreement (Viewbix Inc.), Facility Agreement (Viewbix Inc.)

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Loan Drawdowns. The Borrower shall draw down the First Drawdown Amount, Second Drawdown Amount and Third Drawdown Amount in accordance with the schedule set forth in the recitals of this Agreement, whereby such Facility Loan Amounts shall be deposited directly by the Lender into the Company’s bank account detailed in Schedule 4.1 hereto and the Lender shall deliver to the Borrower a wire confirmation thereof upon the Effective Date.

Appears in 2 contracts

Samples: Facility Agreement (Viewbix Inc.), Facility Agreement (Viewbix Inc.)

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Loan Drawdowns. The Borrower shall draw down the First Drawdown Amount, Second Drawdown Amount and Third each Post-Uplist Drawdown Amount in accordance with the schedule set forth in the recitals of this Agreement, whereby such Loan Amounts shall be deposited directly by the Lender into the Company’s bank account detailed in Schedule 4.1 hereto and the Lender shall deliver to the Borrower a wire confirmation thereof upon the Effective Date.

Appears in 1 contract

Samples: Facility Agreement (Viewbix Inc.)

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