Advance of the Loan. The obligation of the Lenders to fund all or any portion of the Loan on the occasion of any funding of the Loan (including the funding on the First Disbursement Date or pursuant to a reborrowing under Section 3.7 except as expressly provided for in Section 5.2.6) shall be subject to the satisfaction of each of the conditions precedent set forth in this Section 5.2 on or prior to the date of such funding. The Facility Agent shall advise the Lenders of the satisfaction of the conditions precedent set forth in this Section 5.2 prior to any such funding.
Advance of the Loan. The obligation of the Lenders to fund the Loans made on the Original Closing Date was subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in Section 5.1 and Section 5.2 of the Original Credit Agreement.
Advance of the Loan. The obligation of the Lenders to fund the Loan shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1. The Administrative Agent shall advise the Lenders of the satisfaction of the conditions precedent set forth in this Section 5.1 prior to funding on the Closing Date.
Advance of the Loan. The obligation of each Lender to make its Commitment available in respect of the Loan is conditional upon:
9.1.1 the Agent, or its authorised representative, having received, not later than two (2) Banking Days before the day on which the Drawdown Notice is given, the documents and evidence specified in Part 1 of schedule 4 in form and substance satisfactory to the Agent (acting on the instructions of the Majority Lenders); and
9.1.2 the representations and warranties contained in clause 7 being then true and correct as if each was made with respect to the facts and circumstances existing at such time and the same being unaffected by drawdown of the Loan; and
9.1.3 no Default having occurred and being continuing and there being no Default which would result from the lending of the Loan.
Advance of the Loan. The obligation of each Lender to make its Commitment available in respect of the Loan is conditional upon:
9.1.1 that, on or before the service of the Drawdown Notice, the Agent has received the documents described in Part A of Schedule 3 in form and substance satisfactory to the Agent and its lawyers;
9.1.2 that, on or before the Drawdown Date, the Agent has received the documents described in Part B of Schedule 3 in form and substance satisfactory to the Agent and its lawyers;
9.1.3 that, on or before the Release Date but prior to or concurrently with paying the Loan to the Seller or, at the Borrower’s request, to the Builder, the Agent has received the documents described in Part C of Schedule 3 in form and substance satisfactory to the Agent and its lawyers;
9.1.4 the representations and warranties contained in clause 7 and clauses 4.1 and 4.2 of the Corporate Guarantee being then true and correct as if each was made with respect to the facts and circumstances existing at such time; and
9.1.5 no Default having occurred and there being no Default which would result from the making of the Loan.
Advance of the Loan. Without prejudice to the provisions of clause 2.3.4, the obligation of the Lender to make available the Loan is conditional upon the Lender, or its authorised representative, having received, on or prior to the Drawdown Date, the documents and evidence specified in Part 2 of schedule 2 in form and substance satisfactory to the Lender.
Advance of the Loan. If the conditions set out in this Agreement have been met, the Lender shall make the requested Loan available on the Utilisation Date to the Borrower’s bank account as specified in the Request.
Advance of the Loan. On the Closing Date, Lender will make a loan to Borrower (the “Loan”) in the principal amount of Ten Million Dollars ($10,000,000)). Borrower’s obligations with respect to the Loan will be evidenced by a Term Loan Promissory Note dated on or about the date hereof in the principal amount of the Loan (the “Note”), by this Agreement, and by the other Loan Documents. No amount of the Loan that is repaid or prepaid may be reborrowed hereunder.
Advance of the Loan. (a) The Security Agent must promptly notify each Lender of the details of the requested Loan and the amount of its share in the Loan.
(b) The amount of each Lender's share of the Loan will be its Pro Rata Share on the proposed Utilisation Date.
(c) Subject to the terms of this Agreement, each Lender shall make its share in the Loan available to the Borrower on each Utilisation Date.
Advance of the Loan. The Parties agree that ATIS shall make the Advance to the Borrower on the Advance Date in accordance with this Agreement read together with Annexure A. ATIS shall upon making the Advance provide the Borrower with a written notice of Advance and a repayment schedule in respect of thereof which Repayment schedule shall form part of this Agreement.
