Obligation to Advance. No Lender will be obligated to make any Advance under the following circumstances: (a) if the principal amount of such Advance plus the aggregate amount outstanding under the Term Loan Facility would exceed the Available Credit Portion, or (b) during the existence of a Default or an Event of Default hereunder, or (c) if such Advance would cause a Default or Event of Default hereunder.
Obligation to Advance. 16 1.4.5. Indemnification for Revocation or Failure to Satisfy Conditions................................................ 16
Obligation to Advance. No Lender (nor Administrative Agent) will be obligated to make any Advance under the following circumstances: (a) if the principal amount of such Advance plus the aggregate amount outstanding under the Line of Credit Facility or Term Loan Facility would exceed the Available Credit Portion or Term Loan Commitment (as applicable), OR (b) during the existence of a Default or an Event of Default hereunder, OR (c) if such Advance would cause a Default or Event of Default hereunder, OR (d) after the Line of Credit Maturity Dates, OR (e) prior to satisfaction of each condition precedent under Section 2.2 hereof.
Obligation to Advance. Neither the execution and delivery of this agreement or the Security nor the advance of money thereunder binds BDC to make any advance or further advance of the Loan.
Obligation to Advance. 18.1 The preparation, execution, perfection or registration of this Security Agreement or the advance of any money will not bind the Secured Party to make any further advance or loan or further advance or loan, or extend any further credit or renew any note or extend any time for payment of any indebtedness or liability of the Debtor to the Secured Party.
Obligation to Advance. No Lender (nor Administrative Agent) will be obligated to make any Advance under the following circumstances: (a) if the principal amount of such requested Advance at such time, would exceed the Available Credit Portion, or (b) during the existence of a Default or an Event of Default hereunder, or (c) if such Advance would cause a Default or Event of Default hereunder, or (d) after the Line of Credit Maturity Date, or (e) prior to satisfaction of each condition precedent under Section 2 hereof.
Obligation to Advance. You acknowledge that neither this High- Cost Credit Agreement, nor any provision contained herein, shall operate to oblige Frendlend to advance any sum of money to you.
Obligation to Advance. The Credit Union shall be under no obligation to make any advance until the Member and all Guarantors shall have provided the Credit Union with:
Obligation to Advance. Banks shall be obligated to make an Advance only if Borrower shall have delivered to Administrative Agent and each Bank a Draw Request for such Advance and all of the conditions precedent for such Advance have been satisfied. Borrower may not submit more than two (2) Draw Requests per month. Each Draw Request shall be delivered to Administrative Agent and each Bank pursuant to Section 2.1.3(a). Requests for Advances shall also be subject to the terms and conditions of the Note. If the entire requested Advance is a Variable Rate Advance, Administrative Agent and Banks shall not be required to make the requested Advance before one (1) Business Day after receipt of a Draw Request which has been received by Administrative Agent and each Bank before 9:00 a.m. (San Diego, California time) of the first (1st) Business day prior thereto. If all or any part of the requested Advance is a Fixed Rate Advance, Administrative Agent and Banks shall not be required to make the requested Advance before three (3) Business Days after receipt of a Draw Request which has been received by Administrative Agent and each Bank before 9:00 a.m. (San Diego, California time) of the third (3rd) Business day prior thereto. Notwithstanding the foregoing, Banks may make Advances, without further authorization or requests from Borrower, to pay interest prior to delinquency to the extent of the Available Commitment (which Advances shall be Variable Rate Advances unless and until converted to Fixed Rate Advances); provided, however, that from and after the occurrence and during the continuation of an Unmatured Event of Default or an Event of Default, such Advances to pay interest may be made in the sole and absolute discretion of Administrative Agent. All disbursements of Advances will be made by Administrative Agent; provided, however, that Administrative Agent shall be obligated to make such disbursements only to the extent of immediately available funds actually received from the Banks.
Obligation to Advance funds If the requirements of this Clause are satisfied, each Lender agrees to advance its participation in the relevant Advance to the relevant Borrower. The Advance will be made on the date specified in the relevant notice of borrowing.
