Request for Incremental Advances Sample Clauses
Request for Incremental Advances. Borrower may request Incremental Advances under this Loan Agreement. To obtain an Incremental Advance, Borrower shall deliver to Lender a written request for such Incremental Advance in a form reasonably prescribed by the Lender by noon California time no less than five (5) business days before the requested date of such Incremental Advance, which shall be a business day; provided that as of the close of business on the third (3rd) business day after Lender’s receipt of such notice, such notice shall be irrevocable. Each Incremental Advance made pursuant to this Loan Agreement and all payments made on the Incremental Advances shall be recorded by Lender on its books and records. The failure to record any Incremental Advance, prepayment, or payment shall not limit or otherwise affect the obligation of Borrower to pay any amounts due hereunder on the Incremental Advances.
Request for Incremental Advances. Provided there exists no Default, upon written notice to the Administrative Agent and each Lender, the Borrower may, on one occasion, on or prior to the date falling two (2) months after the date of the Borrowing of the Initial Advances, request incremental Advances (each, an “Incremental Advance” and together the “Incremental Advances”); provided that the aggregate principal amount of the Incremental Advances shall be in an amount equal to U.S.$20,000,000.00. No Lender shall be required to provide any Incremental Advance except in its sole and absolute discretion and this Section 2.18 shall not constitute a commitment by any Lender to provide or make available any Incremental Advance.
Request for Incremental Advances