Common use of The Initial Borrowing and Subsequent Borrowings Clause in Contracts

The Initial Borrowing and Subsequent Borrowings. (a) Until the occurrence of the earlier of the Program Termination Date and the Facility Maturity Date, the Lender will make Loans on any Business Day at the request of the Borrower, subject to and in accordance with the terms and conditions of Sections 2.01 and 2.02 and subject to the provisions of Article III hereof.

Appears in 4 contracts

Samples: Receivables Loan and Security Agreement (Resource America Inc), Receivables Loan and Security Agreement (LEAF Equipment Finance Fund 4, L.P.), Loan and Security Agreement (Resource America Inc)

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The Initial Borrowing and Subsequent Borrowings. (a) Until the occurrence of the earlier of the Program Termination Early Amortization Commencement Date and the Facility Maturity Date, the Lender will make Loans on any Business Day at the request of the Borrower, subject to and in accordance with the terms and conditions of Sections 2.01 and 2.02 and subject to the provisions of Article III hereof.

Appears in 3 contracts

Samples: Receivables Loan and Security Agreement (Mru Holdings Inc), Receivables Loan and Security Agreement (Mru Holdings Inc), Loan and Security Agreement (Us Home Systems Inc /Tx)

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The Initial Borrowing and Subsequent Borrowings. (a) Until the occurrence of the earlier of the Program Termination Date and the Facility Maturity Date, the Lender will make Loans on any Business Day at the request of the Borrower, the Lenders (ratably in accordance with their Ratable Shares, to the extent that each Lender’s Loan Amount would not exceed its Commitment) shall make Loans on any Business Day, subject to and in accordance with the terms and conditions of Sections 2.01 and 2.02 and subject to the provisions of Article III hereof.

Appears in 1 contract

Samples: Receivables Loan and Security Agreement (Marlin Business Services Corp)

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