Subsequent Advance. Any time beginning 15 days prior to an Advance Period through the end of such Advance Period as set forth on Schedule 2.1(b), Company may by delivering to Lender a written Advance Request in the form provided by Lender to Company (“Advance Request”) request one or more Subsequent Advances in accordance with the Schedule 2.1(b) up to a maximum for all Advances equal to the Revenue Loan Amount. If all of the conditions set forth on Schedule 2.1(b) are satisfied on the date of the Advance Request, Lender will advance to Company the requested amount within 15 business days of receipt of the Advance Request. Contemporaneously with each Subsequent Advance, Company shall deliver to Lender a certificate signed on behalf of Company by the Key Person (or other officer of Company acceptable to Lender) confirming that Company is not in default and no Event of Default has occurred and that all representations and warranties of the Company Entities in Article 3 are true as of such date (except to the extent such representations and warranties expressly relate to an earlier date, in which case as of such earlier date). Lender may, in its sole discretion, waive or modify any one or more of the conditions to any Subsequent Advance.
Subsequent Advance. On and after the date on which Borrower files the Form S-4 with the SEC, Borrower may request, and Lender shall provide to Borrower, a single Advance in the aggregate principal amount equal to $800,000 (the “Subsequent Advance”); provided, that with respect to the Subsequent Advance, Borrower delivers to Lender an irrevocable notice not later than noon (New York time) five (5) Business Days prior to the Borrowing Date for the Subsequent Advance, specifying the Borrowing Date, which shall be a Business Day, of the Subsequent Advance (the “Borrowing Notice”).
Subsequent Advance. Lender shall not be required to make the Subsequent Advance, unless on the applicable Borrowing Date:
Subsequent Advance. After May 25, 2012 and prior to the earlier of (i) the Maturity Date and (ii) the first date on which the Notes together with all accrued interest have been repaid in full, the Company may deliver to the Purchasers a written notice (the “Borrowing Notice”) (a) setting out that no Default (as defined under the Notes) has occurred and is continuing; and (b) requesting a subsequent advance from each of the Purchasers of up to the same amount funded by each such Purchaser in its initial Advance at Closing (each, a “Subsequent Advance”). The Borrowing Notice shall be deemed to repeat the Company's representations and warranties in Section 5 of the Notes as of the date of such Borrowing Notice. Upon receipt of the Borrowing Notice, each of the Purchasers, in its sole discretion, may make available to the Company its Subsequent Advance in immediately available funds. For the avoidance of doubt, any Subsequent Advance shall be considered an increase in the principal amount of the Notes held by such Purchaser commencing on the date such Subsequent Advance is made available and the Company shall issue the relevant Purchaser in accordance with this Agreement one Warrant for every two dollars of such Subsequent Advance.
Subsequent Advance. Subject to the terms and conditions hereof, Lender agrees to make the Subsequent Advance to Borrower, by wire transfer of immediately available funds pursuant to Borrower's written instructions. The Subsequent Advance shall be evidenced by a Secured Promissory Note of even date herewith, executed by Borrower in favor of Lender (the "Subsequent Note").
Subsequent Advance. Any time beginning 15 days prior to an Advance Period through the end of such Advance Period as set forth on Schedule 2.1(b), Company may by delivering to Lender a written Advance Request in the form provided by Lender to Company (“Advance Request”) request one or more Subsequent Advances in accordance with the Schedule 2.1(b) up to a maximum principal amount for all Advances equal to the Revenue Loan Amount. If all of the conditions set forth on Schedule 2.1(b) are satisfied on the date of the Advance Request, Lender will advance to Company the requested amount within 15 business days of receipt of such Advance Request.
Subsequent Advance. At the request of the Borrower, the Lender agrees to lend an additional amount under this Note to the Borrower on one occasion only, on April 10, 2003, in an amount not to exceed the lesser of (a) Five Hundred Thousand Dollars ($500,000), or (b) the amount payable by the Borrower to the U.S. Treasury as "alternative minimum tax" as shown on the Borrower's Form 1040 tax return that he will be filing for the year 2002. Any additional advance pursuant to this paragraph (b) shall give rise to an increase in the outstanding principal amount of the Loan in the amount of such additional advance.
Subsequent Advance. Following the Initial Advance, the obligation of each Lender to make their Ratable Share of each Advance hereunder, is subject to the prior or simultaneous occurrence or satisfaction of each of the following conditions (the “Advance Conditions”):
Subsequent Advance. Upon receipt by the Lender of the Mortgage Loan Schedule and Exception Report including each of the Limited File Loans (showing no Exceptions thereto other than those approved by the Lender) which were the subject of an initial advance on the immediately preceding Funding Date, the Lender shall make a subsequent advance with respect to such Eligible Mortgage Loans equal to the difference between the amount of the initial advance and the amount which would have been funded on the Funding Date in accordance with the valuation method as described in Section 2.1(a) hereof.
Subsequent Advance. Provided an Event of Default has not occurred and is continuing, the Borrower is in compliance with all terms and conditions herein contained and subject to and fulfilment of the conditions precedent contained in paragraph 7.2 of this Agreement, after August 31, 2012, but with five Business Days prior notice the Lender will advance to the Borrower the amount of the Subsequent Advance requested by the Borrower on a Business Day requested by the Borrower, provided such Business Day is on or before the Draw Period End Date (the “Subsequent Advance Date”).
