Second Advance. Lenders shall not be obligated to fund the Second Advance unless: (i) all of the conditions precedent to the Initial Advance have been satisfied; (ii) Borrower shall have acquired good and indefeasible title to the Initial Terramics Pool Properties, which Initial Terramics Pool Properties shall be subject to, and comply with, the requirements of Section 8.3; (iii) Agents have received property condition reports and environmental assessments with respect to the Initial Terramics Pool Properties acceptable to, and approved by, Agents; (iv) Agents have received copies of the acquisition documents with respect to the Initial Terramics Pool Properties acceptable to Agents; and (v) Administrative Agent has timely received all of the items described on Schedule 5 with respect to each Pledgor owning the Initial Terramics Pool Properties.
Second Advance. On the date that is 30 days after the Closing Date, Lender shall provide to Borrower a single Advance (the "Second Advance") in the aggregate principal amount equal to $700,000 less $75,000 of OID (net $625,000). The Second Advance shall constitute a Loan hereunder and shall be deemed to utilize the Commitment by an amount equal to the Second Advance.
Second Advance. The obligation of the Lender to make the Second Advance is subject to the fulfillment, in a manner satisfactory to the Lender, of each of the following conditions:
Second Advance. Subject to Xxxxxxxx’s delivery to Xxxx of the executed ORAFLEX IP Assignment, Lender shall fund the second Advance in the amount of $600,000.00 to Borrower on September 27, 2023.
Second Advance. The obligation of Lender to fund the Second Advance of Loan on the date of such Advance is subject to the fulfillment, on or prior to such date, of each of the following conditions:
Second Advance. At any time following the date hereof through and including April 30, 2001, Borrower may request the Second Advance solely for the purchase of the Properties. The Second Advance shall be subject to the satisfaction of such conditions precedent as Lender shall require, including, without limitation, all of the following:
Second Advance. On or before the Advance Date of the Second Advance, Agent shall have conducted an inspection/field examination of the Collateral, the results of which shall be reasonably satisfactory to Agent. Agent shall schedule such inspection promptly after Borrower’s request, it being the expectation of Borrower and Lender to have the inspection results finalized before March 31, 2015.
Second Advance. From the Effective Date through SEPTEMBER 29, 2018, Debtor may request the SECOND (2ND) advance under the Credit Facility in the amount of TWO MILLION AND NO/100 DOLLARS ($2,000,000.00) (the “Second Advance”) provided that the Second Advance Conditions are satisfied as determined by Lender in its reasonable discretion. “Second Advance Conditions” means, collectively: (i) at least SEVENTY (70) days prior to the proposed date of disbursement of the Second Advance, Debtor shall have provided Lender with a written request for the Second Advance; (ii) no Material Adverse Effect shall have occurred; (iii) no Default or Event of Default shall be then existing; (iv) [***] and (v) neither a Level 1 Trigger nor Consumer Loan Value Deficiency shall have occurred and be continuing either immediately before, or would occur immediately after, giving effect to the Second Advance.
Second Advance. When the Borrower has reached the following milestones, Jandernoa and Xxxx will each advance to the Borrower an additional ONE HUNDRED AND FIFTY THOUSAND DOLLARS ($150,000.00):
Second Advance. The obligation of the Lenders to make the second Advance is subject to the following conditions precedent (unless the Requisite Lenders, in their sole and absolute discretion, shall agree otherwise):
