REQUESTED ADVANCE DATE Sample Clauses
The "Requested Advance Date" clause defines the specific date on which a borrower requests to receive a loan advance or disbursement from the lender. In practice, this clause requires the borrower to notify the lender in advance of the desired funding date, often specifying a minimum notice period and any conditions that must be met before funds are released. Its core function is to ensure both parties are aligned on the timing of disbursements, allowing the lender to prepare funds and the borrower to plan for their financial needs, thereby reducing misunderstandings and administrative delays.
REQUESTED ADVANCE DATE. This Advance is requested to be made on:
REQUESTED ADVANCE DATE. ____________________3 ______________________________ 1Insert the Bond Identifier that FFB assigned to the Bond (as provided in section 5.1(a)(2) of the Bond Purchase Agreement referred to in the Bond). 2 Insert the particular amount of funds that the Borrower requests to be advanced, which amount must satisfy the condition specified in section 7.3.4 of the Bond Purchase Agreement referred to in the Bond. 3Insert the particular calendar date that the Borrower requests to be date on which this Advance is to be made, which date must meet the criteria for Requested Advance Dates specified in section 7.3.1(a)(3) of the Bond
REQUESTED ADVANCE DATE. This Advance is requested to be made on: .4
REQUESTED ADVANCE DATE. This Advance is requested to be made on:
(1) Insert the corporate name of the Borrower. If the corporate name of the Borrower at the time of this Advance is different from the corporate name that appears on page 1 of the Note, add “(formerly )”, and insert in this second blank the corporate name of the Borrower as it appears on page 1 of the Note.
(2) Insert the “Note Identifier” that FFB assigned to the Note (as provided in the Note Purchase Agreement).
(3) Insert the particular amount of funds that the Borrower requests to be advanced.
(4) Insert the particular calendar date that the Borrower requests to be date on which this Advance is to be made, which must be a Business Day.
REQUESTED ADVANCE DATE. In connection with this Initial Advance Request, Borrower hereby represents and certifies to the Lender as follows, which representations and certifications are true and correct as of the date of this Certificate and will be true and correct as of the Advance Date (unless Borrower otherwise notifies the Lender in writing prior to the Advance Date):
a. The proceeds of the requested initial Revolving Credit Loan Advance (together, the "Advance") will be used for purposes that are authorized under Section 8.5 of the Loan Agreement and in a manner in compliance with the terms of the Loan Agreement.
b. The representations and warranties set forth in the Loan Agreement are and will be true and correct in all material respects on and as of the date hereof and as of the Advance Date, and the representations and warranties in each other Loan Document delivered to the Lender pursuant to the Loan Agreement on or prior to this Initial Advance Request and the Advance Date herefor are and will be true and correct in all material respects on and as of the date hereof and as of the Advance Date, except as set forth in the Schedules to the Loan Agreement or in a schedule hereto (which disclosure will not constitute Lender's waiver or acceptance thereof).
c. No Default or Event of Default under the Loan Agreement and no default under any other Loan Document has occurred and is continuing as of the date hereof or as of the Advance Date or will occur as a result of making the Advance requested hereby, except as set forth in a schedule hereto (which disclosure will not constitute Lender's waiver or acceptance thereof).
d. All conditions precedent for the type of advance requested hereby under the Loan Agreement, as set forth in Article 4 thereof, have been satisfied and will continue to be satisfied as of the Advance Date. The Lender is hereby irrevocably authorized and instructed to arrange for and to disburse the proceeds of the requested initial Revolving Credit Loan in accordance with the instructions set forth on Exhibit A annexed hereto.
REQUESTED ADVANCE DATE. 20__. Borrower acknowledges that it may take up to three Business Days after all conditions to funding have been fully satisfied or otherwise waived by Lender to fund the Requested Advance and, consequently, the funding may not occur on the Requested Advance Date.
REQUESTED ADVANCE DATE. This Advance is requested to be made on: $____________________.4 _______________________________ 1Insert the corporate name of the Borrower. If the corporate name of the Borrower at the time of this Advance is different from the corporate name that appears on page 1 of the Note, add "(formerly _____________)", and insert in this second blank the corporate name of the Borrower as it appears on page 1 of the Note. 2Insert the "Note Identifier" that FFB assigned to the Note (as provided in the Note Purchase Agreement). 3Insert the particular amount of funds that the Borrower requests to be advanced. 4Insert the particular calendar date that the Borrower requests to be date on which this Advance is to be made, which must be a Business Day. ADVANCE REQUEST - page 2