The Initial Loan Sample Clauses

The Initial Loan. The obligation of Lender to make the initial Loan is subject to fulfillment of the following conditions.
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The Initial Loan. Lender shall make Advances of the Initial Loan from and after the date hereof and prior to the Conversion Date, in accordance with, and subject to the terms and conditions of, the BLA. The Initial Loan shall be used solely to pay BLA Costs in the BLA Budget and other amounts as provided in the BLA.
The Initial Loan. At the Initial Loan Closing, the Purchaser shall make the Initial Loan (assuming satisfaction of all conditions to the Purchaser's obligation to make the Initial Loan).
The Initial Loan. At Closing (as defined herein), Lender shall advance the initial loan to the Company in the amount of Two Hundred Thousand Dollars ($200,000).
The Initial Loan. (a) THE LOAN. Lender agrees, on the terms and conditions hereinafter set forth, to make a loan (the "Initial Loan") to Borrower in the aggregate principal amount of Eleven Million, Eight Hundred Thousand Dollars ($11,800,000). The Initial Loan shall be made immediately prior to the date that the Borrower is required to make up-front deposits to the FCC for the F-Block Auction and shall be used by Borrower for such purpose and for the purposes set forth in Paragraph (b) of this Section 2.01.
The Initial Loan. The Borrower desires to (i) refinance certain existing debt (as set forth on SCHEDULE 2.1(a), the "EXISTING DEBT") secured by Liens encumbering the Borrower's right, title and interest in certain of the Properties and (ii) make the Shell Payment. The Existing Debt is secured by Liens (the "EXISTING LIENS") under those security instruments executed by the Borrower listed on SCHEDULE I to each Assignment of Note and Liens. Subject to the conditions precedent set forth in SECTIONS 9.2 and 9.3, the Lender shall, contemporaneously with the Closing, purchase the entire Existing Debt from the Existing Debt Holders in accordance with and subject to the terms and conditions of the Assignments of Note and Liens. Upon such purchase, the Borrower shall issue to the Lender (i) a promissory note in the form of EXHIBIT B-1, appropriately completed (as amended, restated, supplemented or otherwise modified from time to time, the "ADVANCING NOTE") in the face principal amount of Thirty-Two Million, Six Hundred Twenty-Seven Thousand, Seven Hundred Forty-Four and No/100 Dollars ($32,627,744.00) and (ii) a promissory note in the form of EXHIBIT B-2, appropriately completed (the "ENCAP JUNIOR NOTE") in the face principal amount of Two Million Eight Hundred Eighty-Six Thousand Eight Hundred Thirty-One and No/100 Dollars ($2,886,831.00) which Advancing Note and EnCap Junior Note shall modify the terms (including the interest rate) of, but not extinguish or novate, the Existing Debt and which Advancing Note shall evidence both the Initial Loan (including Existing Debt in the amount of $17,867,195) and the Development Loans. Immediately following the issuance to it of the EnCap Junior Note, the Lender shall sell the entire EnCap Junior Note, and reconvey a portion of the Existing Liens, to EnCap Energy Capital Fund III, L.P., in accordance with and subject to the terms and conditions of the Assignment of Junior Note and Liens. Subject to the conditions precedent set forth in SECTIONS 9.2 and 9.3, the Lender shall, at the Closing, advance to the Borrower so that the Borrower may make the Shell Payment and pay amounts payable by the Borrower as provided in SECTION 7.1(y), the amount of Eight Million One Hundred Ninety-Two Thousand One Hundred and Twenty-Seven and No/100 Dollars ($8,192,127.00) such amount, together with the portion of outstanding principal balance of the Existing Debt to be evidenced by the Advancing Note, and the Six Hundred Thousand Five Hundred Forty-Four Dollars ...
The Initial Loan. Lender shall make the Initial Loan upon receipt of (i) the Note dated the date hereof executed by Databit, (ii) a Security Agreement, dated the date hereof, substantially in the form of Exhibit B attached hereto (the "Security Agreement") executed by Databit, and (iii) an executed guarantee substantially in the form of Exhibit C attached hereto (the "Guarantee"), executed by DSSI.
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The Initial Loan 

Related to The Initial Loan

  • Initial Loan The obligation of the Lender to make its initial Loan hereunder is subject to the satisfaction, immediately prior to or concurrently with the making of such Loan, of the condition precedent that the Lender shall have received all of the following items, each of which shall be satisfactory to the Lender and its counsel in form and substance:

  • Initial Loans The Lenders shall not be required to make the ------------- initial Advance hereunder unless the Borrower has furnished the following to the Agent with sufficient copies for the Lenders and the other conditions set forth below have been satisfied:

  • SALE/PURCHASE OF INITIAL LOANS (A) Consummation of Sale and Purchase The sale and purchase of Eligible Loans pursuant to the Initial Purchase Agreement to be dated as of the Closing Date shall be consummated upon (i) Funding’s receipt from Town Hall Funding and the Town Hall Funding Eligible Lender Trustee for the benefit of Town Hall Funding of the Initial Xxxx of Sale and (ii) the payment by Funding to Town Hall Funding of the Initial Payment. Upon consummation, such sale and purchase shall be effective as of the date of the Initial Xxxx of Sale. Town Hall Funding and Funding shall use their best efforts to perform promptly their respective obligations pursuant to the Initial Purchase Agreement with respect to each Initial Loan.

  • Conditions to Initial Loan The obligation of each Bank to make its initial Loan hereunder is subject to the satisfaction of the following conditions precedent:

  • Conditions to the Initial Loans No Lender shall be obligated to make any Loan or incur any Letter of Credit Obligations on the Closing Date, or to take, fulfill, or perform any other action hereunder, until the following conditions have been satisfied or provided for in a manner satisfactory to Agent, or waived in writing by Agent and Lenders:

  • The Loan Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of one hundred million dollars ($100,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal.

  • Conditions Precedent to Initial Loan The obligation of Bank to make the initial Loan is subject to the condition precedent that Bank shall have received, in form and substance satisfactory to Bank, the following:

  • Initial Advance On or prior to the Closing Date, Borrower shall have delivered to Agent the following:

  • Initial Advances The obligation of each Lender to make the initial Advance to be made by it or of the Administrative Agent to issue the initial Letters of Credit is subject to the following conditions precedent, each of which shall be satisfied prior to the making of the initial Advances (unless all of the Lenders, in their sole and absolute discretion, shall agree otherwise):

  • Conditions Precedent to Initial Loans and Letters of Credit The obligation of each Lender to make the Loans requested to be made by it on the Closing Date and the obligation of each Issuer to Issue Letters of Credit on the Closing Date is subject to the satisfaction or due waiver in accordance with Section 11.1 (

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