Request for Additional Loans Sample Clauses
Request for Additional Loans. In order to request any Additional Loan, the Company shall deliver a written request (which may be by email) to the Holder no later than 12:00 p.m. on the Business Day immediately preceding the funding date of the applicable Additional Loan setting forth (1) the requested funding date of the applicable Additional Loan, which shall be a Business Day occurring on the date on which all conditions to such funding have been satisfied, (2) the requested amount of the applicable Additional Loan, and (3) wire instructions for the Company’s account where the proceeds of the applicable Additional Loan shall be deposited. Any request for the Additional Loan shall be irrevocable and binding on the Company.
Request for Additional Loans. Pursuant to Section 2.1.3 of the Credit Agreement, the Borrower has requested Incremental Term Loans (collectively, the “Incremental Term Loans”) in an aggregate amount equal to $30,000,000.
Request for Additional Loans. Subject to the conditions set forth below, Borrower may from time to time request one or more additional loans under this Note by requesting in writing to Agent that existing Lenders provide for such additional loan or by causing a person that is acceptable to Agent and Lenders (such acceptance not to be unreasonably withheld) that at such time is not a Lender under this Note to become a Lender for purposes of making all or any portion of such additional loans (any such person that is not at such time a Lender and becomes a Lender, an “Additional Lender”). Notwithstanding anything to the contrary contained in this Note, in no case shall an Additional Lender be Borrower or a legal entity that is an affiliate of Borrower. For all purposes of this Note, any Additional Lender shall be a Lender for all purposes under this Note with all rights and privileges of a Lender hereunder. The making of any such additional loan under this Note shall be subject to the following additional conditions:
(a) the amount of such additional loan shall not be less than $100,000.00;
(b) such additional loan, when taken together with all other loans previously made by Lenders to Borrower under this Note, regardless of whether any previous loans made hereunder have been repaid by Borrower to Lender(s), shall not cause the aggregate principal amount of the loans made under this Note to exceed $3,000,000.00, and no such additional loan shall be permitted to be made under this Note if, after giving effect thereto, such aggregate principal balance of the loans made under this Note shall exceed such amount;
(c) no Default shall have occurred and be continuing or be caused by the making of such additional loan, in each case, on the effective date of the making of such additional loan; and
(d) if an Additional Lender agrees to fund all or any portion of such additional loan, then Borrower, Mortgagor as defined below, Agent, Lenders and such Additional Lender shall execute and deliver any necessary amendments, modifications, supplements to or an amendment and restatement of this Note and the Texas Deed of Trust as defined below, as applicable, in order to effectuate and properly document such Additional Lender becoming a Lender under this Note, all in form and content satisfactory to Agent, Lenders and such Additional Lender. If existing Lenders agree to make any such additional loan as requested by Borrower under this Note, such existing Lenders shall fund the amount thereof ratably in acc...