Common use of Subsequent Fundings Clause in Contracts

Subsequent Fundings. On the first Subsequent Funding Date, concurrently with MLBFS' funding of the second installment of the debt evidenced by the Term Note into the WCMA Account, the WCMA Line of Credit will be reduced to an amount equal to 3/5ths of the Loan Amount. On the second Subsequent Funding Date, the WCMA Line of Credit will be reduced to an amount equal to 2/5ths of the Loan Amount; and on the third Subsequent Funding Date the WCMA Line of Credit will be reduced to an amount equal to 1/5th of the Loan Amount.

Subsequent Fundings. On the first Subsequent Funding Date, concurrently with MLBFS' funding of the second installment of the debt evidenced by the Term Note into the WCMA Account, the Maximum WCMA Line of Credit will be reduced to an amount equal to 3/5ths three-fifths of the Loan Amount. On the second Subsequent Funding Date, the Maximum WCMA Line of Credit will be reduced to an amount equal to 2/5ths two-fifths of the Loan Amount; and on the third Subsequent Funding Date the Maximum WCMA Line of Credit will be reduced to an amount equal to 1/5th one-fifth of the Loan Amount.

Subsequent Fundings. On the first Subsequent Funding Date, concurrently with MLBFS' funding of the second installment of the debt evidenced by the Term Note into the WCMA Account, the WCMA Line of Credit will be reduced to an amount equal to 3/5ths three-fifths of the Loan Amount. On the second Subsequent Funding Date, the WCMA Line of Credit will be reduced to an amount equal to 2/5ths two-fifths of the Loan Amount; and on the third Subsequent Funding Date the WCMA Line of Credit will be reduced to an amount equal to 1/5th one-fifth of the Loan Amount.

Subsequent Fundings. On the first Subsequent Funding Date, concurrently with MLBFS' funding of the second an additional installment of the debt evidenced by the Term Note into the WCMA Account, the Maximum WCMA Line of Credit will be reduced to an amount equal to 3/5ths three-fifths of the Loan Amount. On the second Subsequent Funding Date, the Maximum WCMA Line of Credit will be reduced to an amount equal to 2/5ths two-fifths of the Loan Amount; and on the third Subsequent Funding Date the Maximum WCMA Line of Credit will be reduced to an amount equal to 1/5th one-fifth of the Loan Amount.