Examples of Initial Advance in a sentence

In addition, the request by Borrower for, and acceptance by Borrower of, the Initial Advance shall constitute a representation and warranty by Borrower that, as of the Closing Date, each certificate delivered pursuant to Section 4.01 is true and correct in all material respects.
Section 5.1 Conditions to the Initial Advance and Initial Letter of Credit.
Without limiting the foregoing, we hereby unconditionally authorize any one of the above-designated persons to execute and submit requests for advances of proceeds of the Loans (including the Initial Advance) and notices of Elections, Conversions and Continuations to you under the Loan Agreement with the identical force and effect in all respects as if executed and submitted by us.
The amount of each advance subsequent to the Initial Advance shall, subject to Section 2.13, be at least One Million Dollars ($1,000,000) (unless less than One Million Dollars ($1,000,000) is available for disbursement pursuant to the terms hereof at the time of any subsequent advance, in which case the amount of such subsequent advance shall be equal to such remaining availability) and in an integral multiple of One Hundred Thousand Dollars ($100,000).
The Initial Advance shall be at least One Million Dollars ($1,000,000) and in an integral multiple of One Hundred Thousand Dollars ($100,000) and shall be made upon satisfaction of the conditions set forth in Section 4.01.

More Definitions of Initial Advance

Initial Advance. The first Advance.

Initial Advance shall have the meaning set forth in Section 2.10 hereof.

Initial Advance means the first Advance made hereunder.

Initial Advance. The first Advance of the Loan proceeds.

Initial Advance shall have the meaning given such term in Section 4.1.

Initial Advance means the Advance made on the Closing Date.