Initial Loan Request definition

Initial Loan Request has the meaning specified in Section 3.1. Insolvency, with respect to any Person, means:
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Initial Loan Request shall have the meaning set forth in Section 2.3 of this Loan Agreement.
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Initial Loan Request is defined in Section 3.2(a).
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Examples of Initial Loan Request in a sentence

  • Borrower acknowledges that Lender may approve or terminate the Initial Loan Request in its sole discretion.

  • To request a Loan, Borrower shall submit an Initial Loan Request to Lender, which Initial Loan Request shall include, among other items, the requested term of the Loan, which shall be no longer than 360 days (the date that is the last day of the period beginning on the date on which a Loan is funded (if funded) and ending on the last day of such requested term, the “Maturity Date” of such Loan), and Loan Amount.

  • Borrower acknowledges that Lender reserves the right to review and verify all information in the Initial Loan Request and such other information as Lender may request in connection with such Initial Loan Request.

  • Borrower hereby authorizes Lender to request and obtain data from third parties to verify any information provided to Lender, including in the Initial Loan Request.

  • The Initial Loan Request shall specify (i) the principal amount of the Loan to be made on the Closing Date (which shall be no less than $10,000,000 or such lesser amount which the Lender shall have approved), and (ii) the disbursement instructions for the proceeds of such Loan.

  • Lender shall review each Initial Loan Request within twenty (20) days after receipt of such request (the “Review Period”) and promptly inform the Borrower in writing of the results of its review following the expiration of the Review Period.

  • Transferred Name Account No. of Payee Bank $----------- ---------- ----------- ------------------ ------------------ ABA #_____________ Attention: _______ $---------- ---------- ----------- ------------------ ------------------ ABA #_____________ Attention: _______ The Borrower has caused this Initial Loan Request to be executed and delivered, and the affirmations and warranties contained herein to be made, by its duly authorized officer this ____ day of __________, 199_.

  • The Initial Loan Request given pursuant hereto shall be irrevocable.

  • If three Loan Advances are selected a partial occupancy permit for not fewer than 12 units of the Phase III improvements shall be submitted with the Initial Loan Request, a partial occupancy permit or permits for not fewer than 24 units of the Phase III Improvements shall be submitted with the second request, and all Completion Approvals for all units of the Phase III Improvements shall be submitted with the request for a Final Advance.

Related to Initial Loan Request

  • Incremental Loan Request has the meaning set forth in Section 2.14(a).

  • Loan Request means a letter in substantially the form of Exhibit A hereto executed and delivered by the Borrower to the Administrative Agent and the Group Agents pursuant to Section 2.02(a).

  • Swing Loan Request means a request for Swing Loans made in accordance with Section 2.5.2 [Swing Loan Requests] hereof.

  • Drawdown Request means a notice substantially in the form set out in Schedule 3 (Drawdown Request).

  • Term Loan Extension Request has the meaning set forth in Section 2.16(a).

  • Borrowing Notice is defined in Section 2.8.

  • Revolving Loan Notice means a notice of (a) a Revolving Borrowing, (b) a conversion of Revolving Loans from one Type to the other, or (c) a continuation of Revolving Loans as the same Type, pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form of Exhibit A.

  • Swing Line Borrowing Notice is defined in Section 2.4.2.

  • Committed Loan Notice means a notice of (a) a Committed Borrowing, (b) a conversion of Committed Loans from one Type to the other, or (c) a continuation of Eurodollar Rate Loans, pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form of Exhibit A.

  • Notice of Revolving Credit Advance has the meaning ascribed to it in Section 1.1(a).

  • Notice of Revolving Borrowing shall have the meaning as set forth in Section 2.3.

  • Extension Request has the meaning provided in Section 2.20(a).

  • Incremental Term Loan Borrowing Date means, with respect to each Tranche of Incremental Term Loans, each date on which Incremental Term Loans of such Tranche are incurred pursuant to Section 1.01(c) and as otherwise permitted by Section 1.14.

  • Term Loan Borrowing means a borrowing consisting of Term Loans made on the same day by the Term Loan Lenders ratably according to their respective Term Loan Commitments.

  • Notice of Borrowing has the meaning specified in Section 2.02(a).

  • Revolving Credit Extension Request shall have the meaning provided in Section 2.14(f)(ii).

  • Notice of Loan means a Notice of Loan in the form of the attached Exhibit D.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Swingline Borrowing Request means a request by a Borrower substantially in the form of Exhibit C-2.

  • Request for Borrowing has the meaning provided in Section 2.3(a).

  • Notice of Swing Line Borrowing has the meaning specified in Section 2.02(b).

  • Notice of Revolving Credit Borrowing has the meaning specified in Section 2.02(a).

  • Commitment Increase Notice has the meaning assigned to such term in Section 2.19.

  • Swingline Loan Notice means a notice of a Swingline Borrowing pursuant to Section 2.04(b), which shall be substantially in the form of Exhibit J or such other form as approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Borrower.