Loan Funding. The sum of all financing described below (excluding any loan funding fee or mortgage insurance premium) is $ .
Loan Funding. On the Closing Date, all proceeds of Loans shall be funded to or at the direction of the Parent Borrower (and not the Subsidiary Borrower) in the form of (i) Term B-1 Loans in an initial aggregate principal amount equal to $6,750,000,000 and (ii) any Revolving Credit Loans actually funded on the Closing Date. After the Closing Date, any and all additional credit amounts advanced pursuant to this Article II shall be funded to or at the direction of the Parent Borrower (and not the Subsidiary Borrower).
Loan Funding. (a) Lender Funding and Disbursements to Borrowers. Each Lender shall, before 11:00 a.m. (New York time) on the date of each Borrowing, make available to Agent at Agent's New York office specified in Paragraph 8.01, in immediately available funds, such Lender's applicable Proportionate Share of such Borrowing. After Agent's receipt of such funds and upon satisfaction of the applicable conditions set forth in Section III, Agent shall promptly disburse such funds to the applicable Borrower no later than 1:00 p.m. (California time) in immediately available funds. Agent shall disburse the proceeds of each Borrowing as directed by the applicable Borrower in the applicable Notice of Borrowing.
Loan Funding. The obligation of the Lender to close the transactions contemplated by this Agreement shall be subject to satisfaction of the following conditions, unless waived in writing by the Lender: (a) all legal matters and Loan Documents incident to the transactions contemplated hereby shall be reasonably satisfactory, in form and substance, to Lender’s counsel; (b) the Lender shall have received (i) certificates by an authorized officer or representative of Borrower upon which the Lender may conclusively rely until superseded by similar certificates delivered to the Lender, certifying that (1) all requisite action taken in connection with the transactions contemplated hereby has been duly authorized and (2) the names, signatures, and authority of Borrower’s authorized signers executing the Loan Documents, and (ii) such other documents as the Lender may reasonably require to be executed by, or delivered on behalf of, Borrower; (c) the Lender shall have received the Notes with all blanks appropriately completed, executed by an authorized signer for Borrower; (d) the Borrower shall have paid to the Lender the fee(s) then due and payable under this Agreement and the other Loan Documents; (e) Borrower shall have maintained it’s financial condition in a manner satisfactory to the Lender, and no material adverse change shall have occurred in Borrower’s financial condition or prospects; (f) the Lender shall have received the written opinion(s) of legal counsel for the Borrower selected by the Borrower and satisfactory to the Lender, dated the date of this Agreement and covering the Loan Documents and such other matter(s) as the Lender may reasonably require; (g) the Lender shall have received written instructions by the Borrower with respect to disbursement of the proceeds of the Loan; and (h) the Lender shall have received all Security Instruments duly executed by all parties thereto.
Loan Funding. The obligation of the Lender to close the transactions contemplated by this Agreement shall be subject to satisfaction of the following conditions, unless waived in writing by the Lender:
(a) all legal matters and Loan Documents incident to the transactions contemplated hereby shall be reasonably satisfactory, in form and substance, to Lender's counsel; (b) the Lender shall have received (i) certificates by an authorized officer or representative of Borrower upon which the Lender may conclusively rely until superseded by similar certificates delivered to the Lender, certifying that (1) all requisite action taken in connection with the transactions contemplated hereby has been duly authorized and (2) the names, signatures, and authority of Borrower's authorized signers executing the Loan Documents, and (ii) such other documents as the Lender may reasonably require to be executed by, or delivered on behalf of, Borrower; (c) the Lender shall have received the Notes with all blanks appropriately completed, executed by an authorized signer for Borrower; (d) the Borrower shall have paid to the Lender the fee(s) then due and payable under this Agreement and the other Loan Documents;
Loan Funding. The Ameriquest Parties must fully and unconditionally disburse the proceeds of all Refinance Loans to the Borrower, settlement agent, or other creditors as reflected in the settlement statement on the first business day after the expiration of any rescission period provided for by law or internal Best Practices; provided, however, that the Ameriquest Parties will not be deemed to have violated this requirement where: (1) Closing contingencies as set forth in Paragraph IV.J.2 have not been satisfied; (2) an Ameriquest Party is prevented from fully disbursing the proceeds because the wire transfer is delayed (by no more than one (1) day) due to the volume of other scheduled Closings; or (3) by other causes beyond an Ameriquest Party's reasonable control and occurring without its fault or negligence, including, Acts of God, floods, fires, government restrictions, wars, strikes and insurrections. If an Ameriquest Party fails, for reasons other than those described above, to timely disburse the Refinance Loan proceeds, it shall reimburse any resulting interest, late fees, or other charges incurred by the Borrower, and fully cooperate in assisting the Borrower in removing any adverse credit report information arising from the non-timely payment. Notwithstanding the foregoing, no Ameriquest Party shall be required to disburse the proceeds of any Loan until it is reasonably satisfied the Borrower has not rescinded the Loan transaction.
Loan Funding. 6.1.1 On posting a borrower listing, borrower might receive offer from several registered eligible listed lenders.
6.1.2 XXXXXX POCKET will also publish the maximum loan amount eligibility for each borrower depending on but not limited to his income and existing debt.
6.1.3 Borrower can at any time accept/ reject the loan offer during the loan period or additional loan period as the case may be, provided in case of acceptance, minimum amount as specified in section 6.2.1 is received as commitment from lender.
6.1.4 Borrower listing will be frozen on due date of listing period or additional listing period, if the borrower listing receives commitments equal to or exceeding the minimum amount required for the loan to fund unless the same is withdrawn prior to expiration of borrower listing period or additional listing period as the case may be. Failure on part of borrower to reject the offer will constitute his acceptance to the same.
6.1.5 XXXXXX POCKET selects the best offers available against borrower listing based on the lowest interest rate quoted by the eligible listed lenders based on XXXXXX POCKET’s built-in system intelligence.
6.1.6 On acceptance of loan offer, XXXXXX POCKET will liaison between lender and borrower to sign documents required to enable the transaction. After completing the legal formalities / documentation between borrower and lender, loan proceeds are disbursed within a period 3-5 working days into borrower’s designated deposit account.
6.1.7 If the borrower fails to abide by his commitment towards acceptance of loan, his name will be delisted and he will not be allowed to carry out any transaction on XXXXXX POCKET in future.
Loan Funding. Subject to the terms and conditions set forth in this Agreement, Lender agrees to lend to Borrower, and Borrower may borrow from time to time between the Closing Date and the Maturity Date upon submission by Borrower to Lender of a Loan Request given in accordance with §2.4, up to a maximum aggregate principal amount equal to $10,000,000.00 (the “Maximum Commitment”); provided, that, in all events no Default or Event of Default shall have occurred and be continuing. Each Loan Request hereunder shall constitute a representation and warranty by Borrower that all of the conditions set forth in §10, in the case of the Loan funded at Closing, and §11, in the case of the Loans funded after Closing, have been satisfied on the date of such request. Once repaid, sums hereunder may not be reborrowed.
Loan Funding. 6.1.1 On posting a listing, lender might receive requests from several registered eligible listed borrowers or can make offers to several listed borrowers.
6.1.2 The lender can lend money for a minimum period of 6 months and maximum for 36 months (3 years) at a time. The loan period must be in multiples of 6 months. However, this period is dependent on the terms of the particular borrower loan.
6.1.3 Once a borrower listing is closed on Sudha Pocket, lender's lending amount is reserved for that loan
6.1.4 On closure of borrowers listing, the final interest rate is arrived at by taking weighted average of all the interest rates offered by all selected lenders which is the returns that the lenders will get on that particular borrower loan.
6.1.5 Immediately on closing the loan offer, Sudha Pocket will liaison between lender and borrower to sign documents required to enable the transaction. After completing the legal formalities / documentation between borrower and lender including handing over of the cheque favouring borrower, loan proceeds shall be disbursed by Sudha Pocket within a period 3-5 working days into borrower’s designated deposit account.
6.1.6 If the lender fails to abide by his commitment towards disbursement of loan, his name will be delisted and he will not be allowed to carry out any transaction in Sudha Pocket portal in future.
6.1.7 All gains through Sudha Pocket are taxable and hence must be filed as per the rules.
Loan Funding. (a) Bank Funding and Disbursement to Borrower. Each Bank shall, before 11:00 a.m. on the date of each Revolving Loan Borrowing, make available to Administrative Agent at its office specified in Paragraph 8.01, in same day or immediately available funds, such Bank's Proportionate Share of such Revolving Loan Borrowing. After Administrative Agent's receipt of such funds and upon fulfillment of the applicable conditions set forth in Section III, Administrative Agent will promptly disburse such funds in same day or immediately available funds to Borrower. Unless otherwise directed by Borrower, Administrative Agent shall disburse the proceeds of each Revolving Loan Borrowing to Borrower by disbursement to the account or accounts specified in the applicable Notice of Revolving Loan Borrowing.
