Common use of Notice and Manner of Borrowing Clause in Contracts

Notice and Manner of Borrowing. Unless another satisfactory procedure for disbursements is agreed upon in writing by the parties, the following procedure will be used for disbursement of proceeds of the Loan. The Borrower shall deliver a written and signed Advance Request to the Lender not later than 12:00 noon, Jacksonville time, on the second Business Day prior to the proposed Advance Date, in the form attached hereto as Exhibit 3.3, setting forth the amount of the requested Advance, and a reconciliation from the previous Advance Request (or monthly report), specifying the date (which shall be a Business Day), and the amount of the proposed Advance of proceeds, and providing such other information as the Lender may require.