Common use of TIMELY ADVANCES Clause in Contracts

TIMELY ADVANCES. After appropriate written request from Borrower for an advance of funds on this indebtedness, Lender shall have a reasonable time to consider approval and process of the advance request. While ▇▇▇▇▇▇ will use reasonable effort to fund the advance as soon as feasible, ▇▇▇▇▇▇▇▇ understands and agrees that a reasonable time may be up to 72 hours from the time of delivery of the request, not including non-business days, such as weekends or holidays. If delays are expected beyond 72 hours, Lender will notify Borrower of the delay and expected funding date and time.

Appears in 4 contracts

Sources: Business Loan Agreement (Asset Based) (Mammoth Energy Partners LP), Business Loan Agreement (Asset Based) (Mammoth Energy Partners LP), Business Loan Agreement (Asset Based) (Mammoth Energy Partners LP)

TIMELY ADVANCES. After appropriate written request from Borrower for an advance of funds on this indebtedness, Lender shall have a reasonable time to consider approval and process of the advance request. While ▇▇▇▇▇▇ Lender will use reasonable effort to fund the advance as soon as feasible, ▇▇▇▇▇▇▇▇ Borrower understands and agrees that a reasonable time may be up to 72 hours from the time of delivery of the request, not including non-business days, such as weekends or holidays. If delays are expected beyond 72 hours, Lender will notify Borrower of the delay and expected funding date and time.

Appears in 1 contract

Sources: Change in Terms Agreement (Foundation Healthcare, Inc.)

TIMELY ADVANCES. After appropriate written request from Borrower for an advance of funds on this indebtedness, Lender shall have a reasonable time to consider approval and process of the advance request. While ▇▇▇▇▇▇ Lender will use reasonable effort to fund the advance as soon as feasible, ▇▇▇▇▇▇▇▇ understands and agrees that a reasonable time may be up to 72 hours from the time of delivery of the request, not including non-business days, such as weekends or holidays. If delays are expected beyond 72 hours, Lender will notify Borrower of the delay and expected funding date and time.

Appears in 1 contract

Sources: Business Loan Agreement (Mammoth Energy Partners LP)