Loan Procedure. Subject to compliance with Section 5 (or waiver by Lenders of any of the terms hereof), Borrowers may request: (a) the Initial Term Loan by submitting a Loan Request to Lenders on or before the Closing Date; and (b) any Additional Term Loan by submitting a Loan Request to Lenders at least ten (10) Business Days prior to the proposed Loan Date for such Additional Term Loan (or such shorter period as Agent may agree in its sole discretion), which Loan Request shall include a brief description of the proposed use of proceeds of such Additional Term Loan. Lenders shall evaluate such Loan Request and the proposed use of proceeds and respond, in their sole discretion, with their proposed terms and conditions of such Additional Term Loan, if any.
Appears in 3 contracts
Sources: Loan Agreement, Loan Agreement, Loan Agreement (YogaWorks, Inc.)