Loan Date Clause Samples
The Loan Date clause defines the specific date on which the loan is considered to be made or becomes effective. This date typically marks when the lender disburses funds to the borrower or when the loan agreement's terms begin to apply. By clearly establishing the Loan Date, the clause ensures both parties know when obligations such as interest accrual, repayment schedules, and other contractual duties commence, thereby preventing confusion or disputes regarding the start of the loan relationship.
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Loan Date. The obligations of the Lenders to make Loans on the Loan Date shall not become effective until the date on which all conditions precedent to the issuance of the Notes set forth in Section 3.1 of the Indenture have been satisfied.
Loan Date. The obligations of the Lenders to make Loans on the Loan Date shall not become effective until the date on which each of the conditions set forth in this Article IV are satisfied, including the receipt by the Collateral Trustee of the following:
Loan Date. The obligations of the Lenders to make a Loan on the Closing Date shall not become effective until each of the conditions set forth in this Article IV are satisfied, including the receipt by the Trustee of the following; provided that such condition shall be deemed satisfied to the extent a duplicate or corresponding condition is satisfied under Section 3.1 and Section 3.2 of the Indenture:
Loan Date. The closing, if any, of each Loan shall take place at the offices of ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ LLP in Boston, Massachusetts, at 12:00 p.m. (Eastern Time), on the thirtieth (30th) day following the delivery of a Loan Request, provided, that the Company shall have satisfied all of the conditions in Section 3.8, in the case of the Initial Loans and the Second Loans, and the conditions in Section 3.9 in the case of the Termination Loan, on the forty-fifth (45th) day following the delivery of the Termination Loan Request, in the case of the Termination Loan, and on the forty-fifth (45th) day following the delivery of the Third Loan Notice, in the case of the Third Loan, or at such other time, date and place as are mutually agreed upon by the Company and Buyer (each, a “Loan Date”).
Loan Date. The Loan shall be provided to Grantee within twenty (20) days of the issuance of a Certificate of Occupancy by the City.