ADVANCES UNDER THE LOAN. The Lender shall not be obligated to make any advance of the Loan to the Borrower unless:
ADVANCES UNDER THE LOAN. Borrower may request an Advance under the Loan by making an Advance Request. Advances made available by Lender will be deposited by wire transfer into Borrower’s Operating Account. Advances will be made available by Lender no earlier than the first business day following an Advance Request received by Lender prior to 10:00 a.m. Pacific Time and two (2) business days following an Advance Request received after 10:00 a.m.
ADVANCES UNDER THE LOAN. Borrower will open and maintain with Lender an account. Advances under the Loan will be made by Lender to Borrower upon telephonic request to credit such Advance to Borrower's account made by an officer of Borrower who has been duly authorized by its board of directors and whose name, along with a certified copy of such resolutions, has been transmitted to Lender. Such request shall be confirmed in writing by Lender's receipt, on the same day such request is received if such request was received prior to 10:00 a.m. e.s.t., of a request for Advance in the form of EXHIBIT B attached hereto, signed by a duly authorized officer of Borrower indicating the date and amount of the Advance requested and acknowledging the principal balance outstanding on the Loan, as of the said date after taking into consideration the amount of the Advance as so requested.
ADVANCES UNDER THE LOAN. Each Lender severally agrees, on the terms and subject to the conditions hereinafter set forth, to make Advances to Company on any Business Day during the period from the Closing Date to the Option Date or, if Company and Lenders have agreed to extend the Loan until the Final Maturity pursuant to SECTION 2.14(A) hereof, to the Final Maturity, in an aggregate principal amount not to exceed at any time outstanding such Lender's Specified Percentage of the Commitment. On the Conversion Date, if Company has elected to convert the Loan to a term loan pursuant to SECTION 2.14(B) hereof, all outstanding Advances shall convert to a term loan in the amount of the Advances outstanding on the Conversion Date, and no scheduled payments of principal of Advances in respect of the term loan (other than Refinancing Advances) shall be required to be made until the Final Maturity. Subject to the terms and conditions of this Agreement, until the Conversion Date, Company may borrow, repay and reborrow the Advances. Notwithstanding anything in this SECTION 2.1 to the contrary, at no time shall the sum of all the aggregate principal amount of Advances outstanding under the Loan exceed the Commitment. After the Conversion Date, no Advances will be available under the Loan except Refinancing Advances.
ADVANCES UNDER THE LOAN. Conditions Precedent to [Closing the Loan and] Making the Initial Advance under the Loan. [In addition to the conditions specified in Section 3.2 hereof as being conditions precedent to making each Advance under the Loan, the] [The obligation of the Lender to [make the Initial Advance under] [close] the Loan [on the Closing Date]] is subject to the satisfaction of the following conditions precedent:
ADVANCES UNDER THE LOAN. The Lender shall not be obligated to make any advance of the Loan to the Borrower, unless in each instance, at the time of each advance:
ADVANCES UNDER THE LOAN. Subject to the terms and conditions of this ----------------------- Agreement, the Lender will advance the principal balance of the Term Loan to the Holding Company upon execution and delivery of this Agreement and will advance to Premier Lending or Alliance Finance, as applicable, the principal amounts of the Commercial Finance Line, the Premier Line and the Personal Finance Line, in a series of advances as requested from time to time by the applicable Borrower. Each such advance will reduce the remaining commitment to lend under the applicable line of credit, but repayments of advances shall permit the Borrower to receive a re-advance of such funds; provided however, no advance or re- advance shall be made after June 30, 1998.
ADVANCES UNDER THE LOAN. The Loan is non-revolving. No payments of principal under the Loan are available for future advance of such funds.
ADVANCES UNDER THE LOAN. Subject to satisfaction of the conditions specified in Section 4.1 of this Agreement and the provisions of Section 1.4, Lender shall make an initial advance under the Loan of $4,700,000, and upon Borrower's request, shall make an additional advance of $300,000. Thereafter, Lender shall not be obligated to make any further advance to Borrower under the Loan. Any such further advance shall be made at Lender's sole discretion and subject to such conditions as Lender shall specify.
ADVANCES UNDER THE LOAN. Advances under the Loan shall be made in full at time of Closing. .
