Term Loan Availability Period Sample Clauses
The Term Loan Availability Period clause defines the specific timeframe during which a borrower is permitted to draw funds under a term loan agreement. Typically, this period begins on the closing date of the loan and ends on a predetermined date, after which no further advances can be made. By clearly establishing when loan proceeds are accessible, this clause ensures both parties understand the window for funding, thereby preventing disputes and providing certainty regarding the timing of loan disbursements.
Term Loan Availability Period. For any portion of the Loan which is a term loan, loan proceeds shall be available for disbursement from N/A. --- 199_, through __________. 199_, only.
Term Loan Availability Period. For any portion of the Loan which is a term loan, loan proceeds shall be available for a single disbursement from June 1, 1997, through June 30,1997, only.
Term Loan Availability Period. For any portion of the Loan which is a term loan, loan proceeds shall be available for disbursement from N/A , 199__, through __________. 199_, only. -------------
Term Loan Availability Period. The Term Loan shall consist of the amount outstanding under the Note as of July 31, 1995 up to a maximum amount of $4,000,000.00 or, if there is less than $4,000,000.00 outstanding under the Note on July 31, 1995, the amount outstanding under the Note and an amount disbursed by the Bank to the Borrower so that the total principal amount outstanding under the Term Note equals $4,000,000.00.
Term Loan Availability Period. For any portion of the Loan which is a term loan, loan proceeds shall be available for disbursement from N/A through N/A only.
Term Loan Availability Period. For any portion of the Loan that is a term loan, loan proceeds shall be available as provided in the applicable Note.
Term Loan Availability Period. For any portion of the Loan which is a term loan, loan proceeds shall be available for disbursement from October 15, 1996 through March 31,1997 only.