Common use of Subsequent Loans Clause in Contracts

Subsequent Loans. The Borrower may borrow under the Commitment during the Commitment Period on any Business Day, provided that the conditions precedent specified in Section 4.2 herein shall be satisfied or waived and the Borrower shall give the Lender irrevocable notice (which notice must be received by the Lender prior to 12:00 noon, San Francisco time, [three (3)] Business Days prior to the requested Borrowing Date, which notice shall specify (i) the amount to be borrowed and (ii) the requested Borrowing Date. The Lender shall make the proceeds of any such Subsequent Loan, which shall be in an amount equal to $25,000 or a whole multiple thereof, available to Borrower on such Borrowing Date by causing an amount of same day funds in Dollars to be credited to the Concentration Account of the Borrower or to such other accounts as may be designated in writing to Lender by the Borrower.