Examples of Subsequent Fundings in a sentence
The Initial Funding, Subsequent Fundings and Incremental Fundings.
If the original principal amount of the Initial Funding is less than $8.0 million, the Company may, in its sole discretion, notify the Lender in writing that it desires to borrow some or all of the remaining balance through the issuance of up to three additional Notes in up to three Subsequent Fundings.
Any Subsequent Funding shall be made at the sole discretion of the Company or the Bank Investors, as appropriate, and the ability of the Issuer to request Subsequent Fundings shall not obligate either the Company or the Bank Investors to make any such Subsequent Funding, and shall in no way be interpreted as implying that the Company or the Bank Investors intend to make any Subsequent Funding.
Subsequent Fundings of the Revolving Loan shall be used by Borrower for general business purposes.
There shall be no Subsequent Fundings after the occurrence of any Termination Event or Potential Termination Event.
No Person other than the Subsequent Funding Holders shall have any obligation to fund any portion of the Subsequent Fundings.
The aggregate funded amount of the Subsequent Fundings shall not exceed $130,000,000.
On any Business Day occurring after the Initial Funding under this Section, upon one Business Day notice to the Agent, which shall be in the form of Exhibit B hereto and satisfy the requirements of Section 2.1(b)(iii) below (the "FUNDING REQUEST"), the Issuer may request that the Company or the Bank Investors, as appropriate, make Subsequent Fundings (which shall be at least $1,000,000 or integral multiples of $100,000 in excess thereof).
On any Business Day occurring after the Initial Funding under this Section, upon one Business Day notice to the Agent, which shall be in the form of Exhibit C hereto and satisfy the requirements of Section 2.1(b)(iii) below (the "Funding Request"), the Issuer may request that the Company or the Bank Investors, as appropriate, make Subsequent Fundings (which shall be at least $1,000,000 or integral multiples of $100,000 in excess thereof).
On any Business Day occurring after the Initial Funding under this Section 2.1(a), upon one Business Day's notice to the Agent and the Insurance Provider, which shall be in the form of Exhibit B hereto and satisfy the requirements of Section 2.1(b)(iv) below (each, a "Funding Request"), the Issuer may request that the Company or the Bank Investors, as appropriate, make Subsequent Fundings (which shall be $1,000,000 or integral multiples of $100,000 in excess thereof).