Funding of Term Loan. Upon the satisfaction of the conditions set forth in Section 2.1, each of the Lenders (severally and not jointly) agrees to advance to the Companies such Lender’s Pro Rata Percentage of the Term Loan.
Funding of Term Loan. Each Lender shall make its Percentage Share of the Term Loan available to the Administrative Agent, in same-day funds, on the Closing Date at the Contact Office, ABA 000-000-000 for the Administrative Agent’s Account No. 00-000-000, Ref: Macerich Partnership, no later than 1:00 p.m. (New York time) on the Closing Date. The failure of any Lender to advance its Percentage Share of the Term Loan shall not relieve any other Lender of its obligation hereunder to advance its Percentage Share thereof, but no Lender shall be responsible for the failure of any other Lender to make its required advance.
Funding of Term Loan. On the Effective Date, each U.S. Lender will make its U.S. Term Loan Commitment Percentage of the U.S. Term Loan Commitment available to the Administrative Agent by deposit, in U.S. dollars and in immediately available funds, at the offices of the Administrative Agent at its principal office in Charlotte, North Carolina or at such other address as the Administrative Agent may designate in writing. The amount of the U.S. Term Loan will then be made available to the U.S. Borrower by the Administrative Agent by crediting the account of the U.S. Borrower on the books of such office of the Administrative Agent, to the extent the amount of such U.S. Term Loan is made available to the Administrative Agent.
Funding of Term Loan. Subject to the terms and conditions of this Agreement, simultaneously with the effectiveness of Amendment No. 5, an aggregate principal amount of $25,000,000 in Revolving Credit Outstandings shall be converted into and become Term Loan Outstandings, and shall constitute the funding of the principal amount of the Term Loan. Upon such funding, (x) the amount of Revolving Loans held by each Lender shall be reduced by such Lender's Applicable Commitment Percentage of $25,000,000, and (y) each Lender shall hold a principal amount of Term Loan Outstandings equal to the amount of such reduction in such Lender's Revolving Loans. The principal amount of each Segment outstanding under the Term Loan from time to time shall bear interest, at the Borrower's election, at an interest rate per annum equal to the Base Rate or the Eurodollar Rate; PROVIDED, HOWEVER, that (i) no Eurodollar Rate Segment shall have an Interest Period that extends beyond the Stated Termination Date, (ii) each Eurodollar Rate Segment shall be in the minimum amount of $2,000,000 and, if greater, an integral multiple of $1,000,000 and (iii) any prepayment of the principal amount of any Eurodollar Rate Segment other than on the last day of the Interest Period with respect thereto shall be accompanied by the additional payment, if any, required by SECTION 5.5. No amount of the Term Loan repaid or prepaid by the Borrower may be reborrowed hereunder, and no subsequent advances of Term Loan amounts shall be made by any Lender after the initial funding.
Funding of Term Loan. Upon the terms and subject to the conditions set forth herein, each Lender, severally and not jointly, shall make available to Agent its Pro Rata Share of the requested Term Loan, in lawful money of the United States of America in immediately available funds, to the Collection Account (as defined below) prior to 11:00 a.m. (New York time) on the Closing Date. Agent shall, unless it shall have determined that one of the conditions set forth in Section 4.1 has not been satisfied, by 4:00 p.m. (New York time) on such day, credit the amounts received by it in like funds (net of any amounts due and payable to Agent) to Borrower by wire transfer to, unless otherwise specified in a Disbursement Letter (as defined below), the following deposit account of Borrower (or such other deposit account as specified in writing by an authorized officer of Borrower and acceptable to Agent): Bank Name: Xxxxx Fargo Bank Bank Address: Xxx Xxxxxx Xxxxx, Suite 850 Oakland, CA 94612 ABA#: 000000000 Account #: 4375-679073 Beneficiary Name: XOMA (US) LLC Ref: XOMA (US) LLC
Funding of Term Loan. On the Closing Date, after all conditions in Section 4.1 have been satisfied, each Lender, severally and not jointly, shall make available to Agent its Pro Rata Share of the Term Loan, in lawful money of the United States of America in immediately available funds, to the Collection Account (as defined below) prior to 11:00 a.m. (New York time) on the specified date. Agent shall, unless it shall have determined that one of the conditions set forth in Section 4.1 has not been satisfied, by 4:00 p.m. (New York time) on such day, credit the amounts received by it in like funds to Borrower by wire transfer to, unless otherwise specified in a Disbursement Letter (as defined below), the following deposit account of Borrower (or such other deposit account as specified in writing by an authorized officer of Borrower and acceptable to Agent) (the “Designated Deposit Account”): Bank Name: State Street Bank & Trust Company Bank Address: XXXXXXXXXX XXXXXXXXXX ABA#: XXXXXXXXXX Account #: XXXXXXXXXX Account Name: Synta Pharmaceuticals Corp. Ref: XXXXXXXXXX
Funding of Term Loan. Upon CIT’s receipt of the Promissory Note evidencing the Term Loan and the satisfaction of the other conditions set forth in Section 4.2(a) of the First Amendment to this Financing Agreement, CIT agrees to make the Term Loan to the Companies.
Funding of Term Loan. Upon fulfillment of the conditions set forth in Article 4 hereof, the Lender shall on each Advance Date make available to the Borrower the amount of the requested Advance (provided that the aggregate amount of all Advances made to date plus the new Advance does not exceed the Commitment), by transfer of immediately available funds to an account maintained by the Borrower with the Lender. The Advances made by the Lender from time to time to the Borrower under this Agreement shall be made against, evidenced by and repaid with interest thereon in accordance with the Note of the Borrower. Amounts repaid may not be reborrowed.
Funding of Term Loan. CIT agrees to make a term loan in the original principal amount of $20,000,000 to the Companies, on a joint and several basis, subject to the terms and conditions of this Agreement (the “Term Loan”).
Funding of Term Loan. On the Funding Date, after all conditions in Section 4.1 have been satisfied, each Lender, severally and not jointly, shall make available to Agent its Pro Rata Share of the Term Loan, in lawful money of the United States of America in immediately available funds, to the Collection Account (as defined below) prior to 11:00 a.m. (New York time) on the specified date. Agent shall, unless it shall have determined that one of the conditions set forth in Section 4.1 or 4.2, as applicable, has not been satisfied, by 4:00 p.m. (New York time) on such day, credit the amounts received by it equal to the Closing Date Cash Portion in like funds to Borrower by wire transfer to the following deposit account of Borrower (or such other deposit account as specified in writing by an authorized officer of Borrower and acceptable to Agent) (the “Designated Deposit Account”): Bank Name: U.S. Bank N.A. Bank Address: XXXXXXXXXXX ABA#: XXXXXXXXXXX Account #: XXXXXXXXXXX Account Name: Cytori Ref: XXXXXXXXXXX
