Second Funding Date Sample Clauses

Second Funding Date. The obligation of each Second Advance Lender to make the Term Loan on the Second Funding Date is subject only to the conditions that (a) the Initial Lenders shall have made Term Loans to the Borrower in an aggregate amount of at least $20,000,00, (b) the receipt by each Second Advance Lender of the Warrants contemplated by Schedule 2.01 and (c) the execution and delivery by the Borrower of a Note representing the Term Loan made by it. Each Second Advance Lender hereby absolutely, unconditionally and irrevocably commits and agrees to make a Term Loan to the Borrower on the Second Funding Date in the principal amount set forth opposite such Lender's name on Schedule 2.01 hereto.