Loan Request Letter definition

Loan Request Letter means a request letter in the form attached hereto as Exhibit 1 (Loan Request Letter).
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Loan Request Letter means a letter from the Company to the Buyer which shall set forth (i) the amount of Advances requested by the Company, (ii) the purposes for which such requested Advances shall be used by the Company, and (iii) the wire transfer or other instructions for the Buyer to transfer the requested Advances to the Company. The Loan Request Letter shall also state that (x) the letter is a “Loan Request Letter” pursuant to Section 4.10 of the Agreement, (y) the funds requested shall be considered “Working Capital Advances,” “Severance Advances,” “Excess Working Capital Advances” or “Accounts Payable Advances,” as applicable, as such terms are defined in the Agreement and (z) the requested Advances represent the Company’s good faith estimate of the amount required to fund the Company’s working capital requirements over the period specified in such letter or to satisfy its obligations for the severance pay, severance benefits or other benefits specified in such letter, as the case may be. With respect to Accounts Payable Advances, the Loan Request Letter shall also identify the amount owing to, and identity of, each applicable account.
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Examples of Loan Request Letter in a sentence

  • Each Borrower acknowledges that any Loan Request, Letter of Credit Request, Conversion or other notice given by any Borrower to Administrative Agent, Revolving Agent or any Lender shall bind 73 US_Active\120558968\V-3 US_ACTIVE\122519032\V-4 all Borrowers, and that any notice given by Administrative Agent, Revolving Agent or any Lender to any Borrower shall be effective with respect to all Borrowers.

  • The Buyer’s obligation to make the Advances requested by any Loan Request Letter shall be subject to the Buyer’s reasonable approval of the amount of Advances requested by the Company and the purposes for which such requested Advances shall be used by the Company as set forth in such Loan Request Letter.

  • By delivering a Loan Request, Letter of Credit Application, or FX Application hereunder, the Company shall be deemed to have represented and warranted the accuracy and completeness of the statements set forth in subparagraphs (b)(2) through (b)(4) above, as applicable.

  • The amount of the Individual Loan to be specified in the Loan Request Letter shall be no less than 1,000,000 yen and in increments of 100,000 yen, and at the same time, shall be an amount that does not exceed the Unused Maximum Loan Amount to be specified in the Loan Request Letter on the Desired Advancement Date.

  • Each Borrower acknowledges that any Loan Request, Letter of Credit Request, Conversion or other notice given by any Borrower to Administrative Agent, Revolving Agent or any Lender shall bind all Borrowers, and that any notice given by Administrative Agent, Revolving Agent or any Lender to any Borrower shall be effective with respect to all Borrowers.

  • After the Lender receives the Loan Request Letter, the Borrower may not, for any reason, cancel or change the request for the Individual Loan.