Common use of Funding of the Loan Clause in Contracts

Funding of the Loan. On the Funding Date and on terms and subject to the conditions of this agreement, the Loan shall be made available to the Borrower no later than 11:00 a.m. New York time by a deposit to the Account (or as otherwise instructed by the Borrower in writing) in the full principal amount of the Loan. Unless otherwise prohibited by this agreement, the Loan shall initially be classified as a LIBOR Rate Loan and interest shall accrue by reference to the LIBOR Rate.

Appears in 3 contracts

Samples: Term Note (Chase Corp), Diversified Restaurant Holdings, Inc., Diversified Restaurant Holdings, Inc.

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Funding of the Loan. On the Funding Date and on terms and Date, subject to the terms and conditions of this agreementAgreement, the Loan shall be made available to the Borrower no later than 11:00 a.m. New York time by a deposit to the Account (or as otherwise instructed by the Borrower in writing) in the full principal amount of the Loan. Unless otherwise prohibited by this agreementAgreement, the Loan shall initially be classified as a LIBOR Rate Loan and interest shall accrue by reference to the LIBOR RateLoan.

Appears in 1 contract

Samples: Term Note (Chase Corp)

Funding of the Loan. On the Funding Date and on terms and subject to the conditions of this agreementthe Loan Documents, the Loan shall be made available to the Borrower no later than 11:00 a.m. New York time by a deposit to the Account (or as otherwise instructed by the Borrower in writing) in the full principal amount of the Loan. Unless otherwise prohibited by this agreementthe Loan Documents, the Loan shall initially be classified as a LIBOR Rate LIBOR-based Loan and interest shall accrue by reference to the LIBOR Rate.

Appears in 1 contract

Samples: Unique Fabricating, Inc.

Funding of the Loan. On the Funding Date and on terms and Date, subject to the terms and conditions of this agreementAgreement, the Loan shall be made available to the Borrower no later than 11:00 a.m. New York time by a deposit to the Account (or as otherwise instructed by the Borrower Xxxxxxxx in writing) in the full principal amount of the Loan. Unless otherwise prohibited by this agreementAgreement, the Loan shall initially be classified as a LIBOR Rate Loan and interest shall accrue by reference to the LIBOR RateLoan.

Appears in 1 contract

Samples: Icad Inc

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Funding of the Loan. On the Funding Date and on terms and Date, subject to the terms and conditions of this agreementRider and the Loan Agreement, the Loan shall be made available to the Borrower no later than 11:00 a.m. New York time by a deposit to the Account (or as otherwise instructed by the Borrower in writing) in the full principal amount of the Loan. Unless otherwise prohibited by this agreementNote, the Loan shall initially be classified as a LIBOR Rate Loan and interest shall accrue by reference to the LIBOR RateLoan.

Appears in 1 contract

Samples: Term Promissory Note (National Investment Managers Inc.)

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