Closing Date Advance. In the event that Borrower desires Lender to make an Advance on the Closing Date, then, in addition to all of the conditions precedent set forth in this Section 4, Borrower shall have complied with all of the requirements of Section 5 below at least five (5) Business Days prior to the Closing Date.
Closing Date Advance. On the Closing Date, Lender shall Advance Borrower an amount equal to $1,500,000 (the “Initial Advance”). The Initial Advance shall constitute a Loan hereunder and shall be deemed to utilize the Commitment by an amount equal to the Initial Advance.
Closing Date Advance. On or prior to the Closing Date, Borrower shall have delivered to Agent the following:
Closing Date Advance. Subject to the terms and conditions set forth herein and relying upon the representations and warranties of the Loan Parties set forth herein and in the other Loan Documents, each Term Loan A-1 Lender severally agrees to make a term loan (collectively, the “Term Loan A-1”) to the Borrower on the Closing Date in an aggregate principal amount not to exceed the amount of such Term Loan A-1 Xxxxxx’s Commitment; provided, however, that the amount of such Term Loan A-1 to be advanced on the Closing Date shall not exceed the difference of (A) the aggregate Term Loan A-1 Commitments minus (B) the Rollover Loan. The Borrower may not prepay under Section 2.03 and reborrow under this Section 2.
Closing Date Advance. The obligation of Lender to fund the Advance to be made on the date hereof (the “Closing Date”) is subject to the fulfillment, on or prior to the Closing Date, of each of the following conditions:
Closing Date Advance. On the Closing Date, upon satisfaction of the applicable conditions to advance described in Schedule 2.1, Lenders shall advance to Borrower, in a single advance, a portion of the Loan in the principal amount of $105,000,000.00.
Closing Date Advance. Subject to the terms and conditions set forth in this Agreement and in reliance upon the representations and warranties of the Loan Parties contained herein, upon Agent’s receipt of a written request from the Borrower for the Closing Date Advance in accordance with Section 2.3(a)(i) hereof (the “Closing Date Advance Request”), each Lender severally and not jointly agrees to make, on the Effective Date, its portion of the Closing Date Advance to the Borrower in an amount equal to such Lender’s Closing Date Advance Commitment, as set forth on Schedule 2.1 attached hereto. Each Lender’s Closing Date Advance Commitment shall terminate immediately upon such Lender funding its portion of the Closing Date Advance. Immediately after giving effect to the making of the Closing Date Advance, the aggregate principal amount of all Obligations outstanding hereunder, shall equal Twenty Three Million Four Hundred and Eleven Thousand Three Hundred Sixty-Eight Dollars and Sixty-Seven cents ($23,411,368.67). No Lender shall be required to fund more than its Closing Date Advance Commitment (as a result of another Lender refusing to fund its Closing Date Advance Commitment or otherwise).
Closing Date Advance. If requested by Borrower, Lender shall make an Advance on the Closing Date in an aggregate principal amount equal to the product of (i) $6.75, (ii) 90% and (iii) the aggregate Defaulted VOPs represented by, evidencing or securing the Defaulted Receivables purchased by Borrower on the Closing Date pursuant to the Repurchase Agreement.
Closing Date Advance. On the Closing Date, Lender shall provide to Borrower a single Advance (the "Initial Advance") in the aggregate principal amount equal to $700,000 less $75,000 of OID (net $625,000). The Initial Advance shall constitute a Loan hereunder and shall be deemed to utilize the Commitment by an amount equal to the Initial Advance.
Closing Date Advance. Subject to the terms and conditions set forth in this Loan Agreement, each Lender severally agrees to make a Loan to the Borrowers collectively on the Closing Date in an amount equal to its Commitment Percentage of an amount equal to the lesser of (A) Eight Hundred Twenty Million Dollars ($820,000,000), and (B) the Asset Base on the Closing Date.
