Common use of Initial Funding Date Clause in Contracts

Initial Funding Date. (a) On the Initial Funding Date, upon the terms and subject to the conditions set forth herein and in the other Transaction Documents to be executed and delivered by the parties hereto and thereto, the Lender hereby agrees to make the Initial Loan of $4,000,000, less the $160,000 Origination Fee and the Company hereby agrees to issue to the Lender the Initial Note in $5,300,000 Original Principal Amount, and the Lender hereby agrees to accept from the Company the Initial Note. (b) On the Initial Funding Date, the Lender shall deliver to the Company and to the Existing Senior Lenders, via wire transfer, of immediately available funds, an amount equal to approximately $3,790,000, representing the Initial Funding Amount set forth in the Flow of Funds Agreement. (c) The Company, the Subsidiaries and the Loan Parties Bank shall deliver to the Lender such Initial Note and other Transaction Documents to be delivered as of the Initial Funding Date and the Lender shall deliver the other items set forth in Section 2.02 deliverable at the Closing. (d) Upon satisfaction of the conditions set forth in Sections 2.02 and 2.03, the Initial Funding shall occur at the offices of the Lender’s counsel, or such other location as the parties shall mutually agree or may be closed remotely by electronic delivery of documents.

Initial Funding Date. (a) On the Initial Funding Date, upon the terms and subject to the conditions set forth herein and in the other Transaction Documents to be executed and delivered by the parties hereto and thereto, the Lender hereby agrees to make the Initial Loan of $4,000,0002,000,000, less the $160,000 80,000 Origination Fee and the Company hereby agrees to issue to the Lender the Initial Note in $5,300,000 2,600,000 Original Principal Amount, and the Lender hereby agrees to accept from the Company the Initial Note. (b) On the Initial Funding Date, the Lender shall deliver to the Company and to the Existing Senior LendersCompany, via wire transfer, of immediately available funds, an amount equal to approximately $3,790,0001,920,000, representing the Initial Funding Amount Amount, all set forth in the Flow of Funds Agreement. (c) The Company, the Subsidiaries Company and the Loan Parties Bank its Subsidiary Guarantors shall deliver to the Lender such Initial Note and other Transaction Documents to be delivered as of the Initial Funding Date and the Lender shall deliver the other items set forth in Section 2.02 deliverable at the Closing. (d) Upon satisfaction of the conditions set forth in Sections 2.02 and 2.03, the Initial Funding shall occur at the offices of the Lender’s counsel, or such other location as the parties shall mutually agree or may be closed remotely by electronic delivery of documents.

Initial Funding Date. (a) On the Initial Funding Date, upon the terms and subject to the conditions set forth herein and in the other Transaction Documents to be executed and delivered by the parties hereto and thereto, the Lender hereby agrees to make the Initial Loan of $4,000,000750,000, less the $160,000 60,000 Origination Fee and the Company hereby agrees to issue to the Lender the Initial Note in $5,300,000 1,012,500 Original Principal AmountAmount and the Warrant, and the Lender hereby agrees to accept from the Company the Initial NoteNote and the Warrant. (b) On the Initial Funding Date, the Lender shall deliver to the Company and to the Existing Senior LendersCompany, via wire transfer, of immediately available funds, an amount equal to approximately $3,790,000690,000, less Lender’s legal fees, representing the Initial Funding Amount Amount, all set forth in the Flow of Funds Agreement. (c) The Company, the Subsidiaries Company and the Loan Parties Bank its Subsidiary shall deliver to the Lender such Initial Note and other Transaction Documents to be delivered as of the Initial Funding Date and the Lender shall deliver the other items set forth in Section 2.02 deliverable at the Closing. (d) Upon satisfaction of the conditions set forth in Sections 2.02 and 2.03, the Initial Funding shall occur at the offices of the Lender’s counsel, or such other location as the parties shall mutually agree or may be closed remotely by electronic delivery of documents.