Timing of Advances. Advances shall not be made more than once per calendar month, and all Advances in any calendar month shall be made on the same Borrowing Date. Each Advance (other than the last Advance) shall be in an aggregate principal amount of not less than $25,000. No amounts may be borrowed hereunder on or after the Financing Termination Date. Lender is hereby authorized to retain from each Advance all amounts of Lender's Expenses accrued and unpaid by Borrower, for which invoices have been sent to Borrower at least five (5) Business Days before such Advance. In any event, all outstanding legal fees, charges and expenses not paid by Borrower prior to any Borrowing Date shall be paid before any Advance is made or concurrently with such Advance.
Timing of Advances. Subject to Clause 4.3 (Conditions Precedent to all Advances), the Borrower shall have the right to request Advances from the Facility Lenders in accordance with Schedule 1 (The Original Facility Lenders and Commitments) provided that:
Timing of Advances. For each Advance other than the Initial Advance or the Second Advance, Company may request any Advance only within 90 days following the invoice date for the portion of Equipment corresponding to the applicable Advance as set forth on Schedule I (the “Advance Period”). Essex shall make each Advance to Company within 21 days of Company’s delivery of the Advance Request and the other items listed in clause (b) above. Company shall endeavor to provide Essex with copies of all invoices from the Vendors within 10 days of the Company’s receipt of such invoice from the applicable Vendor.
Timing of Advances. The Lender shall fund the Tranche with respect to any Approved Project at the time required by the applicable Senior Construction Lender. Unless the Senior Construction Lender for an Approved Project requires that all or a portion of the Tranche applicable to such Approved Project be funded in advance, the Lender reserves the right to make advances of portions of Tranches at the same time as or immediately before the Senior Construction Lender for an Approved Project advances portions of the Senior Construction Loan and after compliance with all of the conditions to the Senior Construction Lender's advances of such Senior Construction Loan including approved requisitions, lien waivers, title datedowns, inspections by an inspecting engineer and the like. If the Senior Construction Lender funds the Senior Construction Loan or a portion thereof, then Lender shall fund the applicable Tranche or portion thereof provided the applicable conditions in Section 5 hereof are satisfied. In the event the Lender is advancing a portion of a Tranche at the same time as or immediately before a Senior Construction Lender with respect to an Approved Project, the Lender shall only be required to advance the portion of a Tranche equal to the Lender's pro- rata share of the portion of the total loans (of the applicable Senior Construction Loan and applicable Tranche) for such Approved Project being loaned at the time of such loan advance including multiple advances per month (notwithstanding the provisions of Section 2.3 hereof), if so made by the applicable Senior Construction Lender.
Timing of Advances. Advances shall not be made more than once per calendar month, and all Advances in any calendar month shall be made on the same Borrowing Date. Each Advance (other than the last Advance) shall be in an aggregate principal amount of not less than $25,000. No amounts may be borrowed under the Tranche 1, Tranche 2, Tranche 3 or Tranche 4 Commitment on or after the Financing Termination Date for such tranche. Lender is hereby authorized to retain from each Advance all amounts of Lender's Expenses that are accrued and unpaid and for which invoices have been sent to Destia at least five (5) Business Days before such Advance. In any event, all outstanding Lender's expenses consisting of legal fees, charges and expenses not paid prior to any Borrowing Date shall be paid before any Advance is made or concurrently with such Advance.
Timing of Advances. 6.2.1 Borrower may request daily Interim Advances on each Loan (each, an “Interim Advance Request”) by submitting to Lender no more than two (2) Interim Advance Requests per calendar month, which Interim Advance Requests shall be submitted at least five (5) Business Days prior to the date each such Advance is requested to be funded. Except with respect to Catch-Up Advances made on a Construction Loan, Lender shall not be required to fund any Interim Advance sooner than five (5) days after the last Advance has been disbursed.
Timing of Advances. Unless another provision of this Agreement specifies otherwise, Borrower shall submit to Lender a Draw Request Form (or A&D Draw Request Form, if applicable), fully completed, signed and acknowledged by Borrower as a condition precedent to an Advance. Each Draw Request Form (or A&D Draw Request Form, if applicable) shall be submitted at least by 2:00 p.m., Dallas, Texas time, on the fifth (5th) Business Day preceding (but not including) the date for the requested Advance, to the Inspector and to Lender in duplicate, with one copy being submitted to Lender at the address set forth on the signature page of this Agreement and the other copy as follows: Texas Capital Bank 0000 Xxxxxxxx Xxxx., Xxxxx 000 Xxxxxxxxxx, Xxxxx 00000 Attn: Builder Finance Group Each Draw Request Form (or A&D Draw Request Form, if applicable) submitted by Borrower shall constitute a representation and warranty by Borrower that Borrower is in compliance with all the conditions precedent to such Advance as required in this Agreement.
Timing of Advances. 8 2.05 Base Advances Specific Disbursement Mechanics............ 8 2.06 Stand-By Advances Specific Disbursement Mechanics........ 10 2.07
Timing of Advances. (a) Subject to and upon the terms and conditions set forth herein and in each Senior Facility Loan Agreement, the Borrower shall have the right to request Advances from the Senior Facility Lenders in accordance with the Drawdown Schedule attached as Schedule C, provided that the Borrower may change actual timing of utilization without consent from the Senior Facility Lenders so long as in each Notice of Borrowing the Borrower certifies that it expects to use the proceeds from the disbursements to fund Project Costs expected to become due and payable within the next 90 days and provided further that:
Timing of Advances. Advances shall not be made more than once per calendar month, and all Advances in any calendar month shall be made on the same Borrowing Date. Each Advance (other than the last Advance) shall be in an aggregate principal amount of not less than $25,000. No amounts may be borrowed under the Tranche 1, Tranche 2, or Tranche 3 Commitment on or after the Financing Termination Date for such tranche. Lender is hereby authorized to retain from each Advance all amounts of Lender's Expenses that are accrued and unpaid and for which invoices have been sent to Econophone at least five (5) Business Days before such Advance. In any event, all outstanding Lender's expenses consisting of legal fees, charges and expenses not paid prior to any Borrowing Date shall be paid before any Advance is made or concurrently with such Advance.
