Making of Loans. Promptly after receipt of a request for a Borrowing pursuant to Section 2.3(a), Lender shall make the proceeds thereof available to Borrowers on the applicable Funding Date by transferring immediately available funds equal to such amount to the Designated Account; provided, however, that, Lender shall not have the obligation to make any Advance if (1) one (1) or more of the applicable conditions precedent set forth in Section 4 will not be satisfied on the requested Funding Date for the applicable Borrowing unless such condition has been waived by Lender, or (2) the requested Borrowing would exceed the Availability on such Funding Date.
Appears in 5 contracts
Samples: Credit and Security Agreement (Integrated Electrical Services Inc), Credit and Security Agreement (COUPONS.com Inc), Credit and Security Agreement (Integrated Electrical Services Inc)
Making of Loans. Promptly after receipt of a request for a Borrowing pursuant to Section 2.3(a), Lender shall make the proceeds thereof available to Borrowers on the applicable Funding Date by transferring immediately available funds equal to such amount to the Designated Account; provided, however, that, Lender shall not have the obligation to make any Advance if (1i) one (1) or more of the applicable conditions precedent set forth in Section 4 will not be satisfied on the requested Funding Date for the applicable Borrowing unless such condition has been waived by Lender, or (2ii) the requested Borrowing would exceed the Availability on such Funding Date.
Appears in 3 contracts
Samples: Credit and Security Agreement (Charles & Colvard LTD), Credit and Security Agreement (Startek Inc), Credit and Security Agreement (IES Holdings, Inc.)
Making of Loans. Promptly after receipt of a request for a Borrowing pursuant to Section 2.3(a), Lender shall make the proceeds thereof available to Borrowers Borrower on the applicable Funding Date by transferring immediately available funds equal to such amount to the Designated Account; provided, however, that, Lender shall not have the obligation to make any Advance if (1) one (1) or more of the applicable conditions precedent set forth in Section 4 will not be satisfied on the requested Funding Date for the applicable Borrowing unless such condition has been waived by Lender, or (2) the requested Borrowing would exceed the Availability on such Funding Date.
Appears in 2 contracts
Samples: Credit and Security Agreement (SAExploration Holdings, Inc.), Credit and Security Agreement (Triangle Petroleum Corp)
Making of Loans. Promptly after receipt of a request for a Borrowing pursuant to Section 2.3(a), Lender shall make the proceeds thereof available to Borrowers on the applicable Funding Date by transferring immediately available funds equal to such amount to the Designated Account; provided, however, that, Lender shall not have the obligation to make any Advance Advance, if (1i) one (1) or more of the applicable conditions precedent set forth in Section 4 will not be satisfied on the requested Funding Date for the applicable Borrowing unless such condition has been waived by Lender, or (2ii) the requested Borrowing would exceed the Availability on such Funding Date.
Appears in 1 contract
Making of Loans. Promptly after receipt of a request for a Borrowing pursuant to Section 2.3(a), Lender shall make the proceeds thereof available to Borrowers on the applicable Funding Date by transferring immediately available funds equal to such amount to the applicable Designated Account; provided, however, that, Lender shall not have the obligation to make any Advance if (1i) one (1) or more of the applicable conditions precedent set forth in Section 4 will not be satisfied on the requested Funding Date for the applicable Borrowing unless such condition has been waived by Lender, or (2ii) the requested Borrowing would exceed the Availability on such Funding Date.
Appears in 1 contract
Samples: Credit and Security Agreement (Albany Molecular Research Inc)
Making of Loans. Promptly after receipt of a request for a Borrowing pursuant to Section 2.3(a), Lender shall make the proceeds thereof available to Borrowers on the applicable Funding Date by transferring immediately available funds equal to such amount to the Designated Account; provided, however, that, Lender shall not have the obligation to make any Advance or Term Loan if (1i) one (1) 1 or more of the applicable conditions precedent set forth in Section 4 will not be satisfied on the requested Funding Date for the applicable Borrowing unless such condition has been waived by Lender, or (2ii) the requested Borrowing would exceed the Availability on such Funding Date.
Appears in 1 contract
Samples: Credit Agreement (BBX Capital Corp)
Making of Loans. Promptly after receipt of a request for a Borrowing pursuant to Section 2.3(a) and subject to Sections 2.3(b) and (f), Lender shall make the proceeds thereof available to Borrowers on the applicable Funding Date by transferring immediately available funds equal to such amount to the Designated Account; provided, however, that, Lender shall not have the obligation to make any Advance if (1i) one (1) or more of the applicable conditions precedent set forth in Section 4 and Exhibit B will not be satisfied on the requested Funding Date for the applicable Borrowing unless such condition has been waived by Lender, or (2ii) the requested Borrowing would exceed the Availability on such Funding Date.
Appears in 1 contract
