Common use of Loan Commitment Clause in Contracts

Loan Commitment. Subject to the terms and conditions of, and relying upon the representations and warranties of the Borrower contained in, this Agreement, the Bank (a) shall make the proceeds of the Loan available to the Borrower on the date (the “Closing Date”) on which the Borrower executes and delivers to the Bank the promissory note evidencing the Loan.

Appears in 4 contracts

Samples: Loan Agreement (Embassy Bancorp, Inc.), Loan Agreement (Embassy Bancorp, Inc.), Loan Agreement (Embassy Bancorp, Inc.)

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Loan Commitment. Subject to the terms and conditions of, and relying upon the representations and warranties of the Borrower contained in, this Agreement, the Bank (a) Lender shall make the proceeds of the Loan available to the Borrower on the date (the “Closing Date”) on which the Borrower executes and delivers to the Bank Lender the promissory note Note evidencing the Loan.

Appears in 2 contracts

Samples: Loan Agreement (First Chester County Corp), Plan of Merger (Tower Bancorp Inc)

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