Common use of Loan Funding Clause in Contracts

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. 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 12,713,241.55 (the “Maximum Commitment”); provided, that, in all events no Default or Event of Default shall have occurred and be continuingcontinuing (each, a “Loan”). 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. 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 16,603,935.00 (the “Maximum Commitment”); provided, that, in all events no Default or Event of Default shall have occurred and be continuingcontinuing (each, a “Loan”). 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, Closing have been satisfied on the date of such request. Once repaid, sums hereunder may not be reborrowed.

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 10,962,000.00 (the “Maximum Commitment”); provided, that, in all events no Default or Event of Default shall have occurred and be continuingcontinuing (each, a “Loan”). 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. 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 12,153,000.00 (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.