Common use of 1Initial Advance Clause in Contracts

1Initial Advance. On the Closing Date, each Lender shall advance to Borrower an amount equal to its Pro Rata Share of Twenty-One Million and No/100 Dollars ($21,000,000), upon ▇▇▇▇▇▇▇▇’s satisfaction of the conditions to closing described in Section 4 of this Agreement.

1Initial Advance. On the Closing Date, each Lender shall advance to Borrower an amount equal to its Pro Rata Share of Twenty-One Fifteen Million and No/100 Dollars ($21,000,00015,000,000), upon ▇▇▇▇▇▇▇▇Borrower’s satisfaction of the conditions to closing described in Section 4 of this Agreement.