Advance Request definition
Examples of Advance Request in a sentence
Lender at its option may accept telephonic requests for such Delayed Draw Term Loans, provided that such acceptance shall not constitute a waiver of Lender’s right to require delivery of an Advance Request Form in connection with subsequent Delayed Draw Term Loans.
The Lenders shall fund the Term Loan Advance in the manner requested by the Advance Request provided that each of the conditions precedent to such Term Loan Advance is satisfied as of the requested Advance Date.
To obtain a Term Loan Advance, Borrower shall complete, sign and deliver an Advance Request (at least five (5) Business Days before the Advance Date other than the Closing Date and the Third Amendment Closing Date, which shall be at least one (1) Business Day) to Agent.
Borrower shall give Lender notice of each Delayed Draw Term Loan by means of an Advance Request Form containing the information required therein and delivered (by hand or by mechanically confirmed facsimile) to Lender no later than 11:00 a.m. two (2) Business Days prior to the date of any Delayed Draw Term Loan.
Any telephonic request for a Delayed Draw Term Loan by Borrower shall be promptly confirmed by submission of a properly completed Advance Request Form to Lender, but failure to deliver an Advance Request Form shall not be a defense to payment of the Delayed Draw Term Loan.