Common use of Funding Advances Clause in Contracts

Funding Advances. Subject to the satisfaction of and compliance with the terms and conditions hereof (including, as applicable, the conditions precedent specified in Article 2), Administrative Agent will make each Lender's Pro Rata portion of each requested Advance (to the extent such funds are received by Administrative Agent) available by crediting such amount to the Account with Administrative Agent (or by such other means as Administrative Agent may consider reasonable). At the written request and expense of Borrowers, Administrative Agent will wire transfer all or any portion of an Advance in accordance with such written instructions therefor. By executing this Agreement, each Borrower (jointly and severally) hereby requests Administrative Agent and each Lender to make and fund the initial Advance in the amount of $6,200,000 (to the extent that Administrative Agent receives each Lender's Pro Rata portion of the initial Advance) in accordance with the Advance Request delivered on the date hereof, using the form attached as Exhibit 1.4.1.

Appears in 2 contracts

Sources: Credit Facility Agreement (NBG Radio Network Inc), Credit Facility Agreement (MCG Finance Corp)

Funding Advances. Subject to the satisfaction of and compliance with the terms and conditions hereof (including, as applicable, the conditions precedent specified in Article 2), Administrative Agent will make each Lender's Pro Rata portion of each requested Advance (to the extent such funds are received by Administrative Agent) available by crediting such amount to the Account with Administrative Agent (or by such other means as Administrative Agent may consider reasonable). At the written request and expense of Borrowers, Administrative Agent will wire transfer all or any portion of an Advance in accordance with such written instructions therefor. By executing this Agreement, each Borrower (jointly and severally) hereby requests Administrative Agent and each Lender to make and fund the initial Advance in the amount of $6,200,000 Advances (to the extent that Administrative Agent receives each Lender's Pro Rata portion of the initial AdvanceAdvances) in accordance with the Advance Request delivered on the date hereof, using the form funding instructions attached as Exhibit 1.4.1Schedule 1.4.2.

Appears in 1 contract

Sources: Credit Facility Agreement (Talk Com)