Agreement to Make Loan Sample Clauses
The "Agreement to Make Loan" clause establishes the lender's commitment to provide a specified loan to the borrower under agreed terms. It typically outlines the amount to be lent, the conditions that must be met before funds are disbursed, and the timeline for making the loan available. This clause ensures both parties are clear on the lender's obligation to fund the loan, thereby providing certainty and a legal basis for the borrower to rely on the availability of financing.
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Agreement to Make Loan. The Bank hereby agrees to extend the Loan to the Enterprise in the maximum aggregate principal amount of $3,500,000 subject to the terms and conditions of this Agreement. The Loan shall be evidenced by the 2022 Note, the form of which is set forth in Exhibit A attached hereto.
Agreement to Make Loan. Subject to the terms and conditions set forth in Sections 2.02 hereof, the Lender agrees to make a loan to the Borrower (the “Loan”), in the aggregate principal amount of $[ ] (the “Principal Amount”) on the Closing Date.
Agreement to Make Loan. On the terms and subject to the conditions of this Loan Agreement, Lender agrees to fund the Loan to Borrower Five Hundred Thousand Dollars ($500,000.00) on or before October 31, 2018. The proceeds of the Loan shall be paid by wire transfer to an account designated in writing by Borrower.
Agreement to Make Loan. On the terms and subject to the conditions of this Loan Agreement, Lender agrees to fund the Loan to Borrower Three Hundred Thousand Dollars ($300,000) on or before August 15, 2018. The proceeds of the Loan shall be paid by wire transfer to an account designated in writing by Borrower.
Agreement to Make Loan. Lender hereby agrees that Lender, or its designee, will make a loan to Ranch of the principal amount of up to $2,500,000 (the "Maximum Loan Amount"), on the terms and conditions contained in this Agreement and in accordance with the terms and conditions for advances, interest payments, late charges, standby and early termination fees and principal payments as set forth in the Debtor Loan Agreement. The parties specifically acknowledge and agree that the Loan shall not be a revolving loan.
Agreement to Make Loan. The Lender agrees to loan the Loan Amount to the Borrower in accordance with the terms and conditions hereof. The obligation of the Lender to enter into this Agreement and to make the Loan hereunder is subject to the following loan disbursement requirements:
(a) Delivery of all transaction documentation in connection with the Loan, including the Guaranty; and
(b) Copies of Borrower documents authorizing the transactions contemplated hereinafter.
Agreement to Make Loan. Subject to the terms, conditions and other provisions hereof, Lender shall make, and Borrower shall accept, the Loan in the principal sum of Fifteen Million and No/100 ($15,000,000.00)
Agreement to Make Loan. On the terms and subject to the conditions of this Loan Agreement, Lender agrees to fund the Loan to Borrower in cash no later than March 2, 2018. The proceeds of the Loan shall be paid by wire transfer to an account designated in writing by Borrower.
Agreement to Make Loan. Subject to the terms and conditions of this Agreement, the Lender agrees to lend to the Borrower and the Borrower agrees to borrow from the Lender, on the Closing Date, a maximum aggregate principal amount equal to the Loan Amount.
Agreement to Make Loan. Subject to the terms and conditions of this Agreement and relying upon the representations and warranties contained in this Agreement and the other Loan Documents, the Lender agrees to lend to the Borrower and the Borrower may borrow, repay and reborrow from time to time between the Closing Date and the Termination Date such sums as are requested by Borrower up to a maximum aggregate principal amount at any one time equal to the Loan Amount. Each request for an Advance of the Loan hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in ss.ss.6, 7, and 8 have been satisfied on the date of such request unless, and only to the extent that, any such representation and warranty relates specifically and only to an earlier date in time.