Initial Draw Sample Clauses

Initial Draw. The initial draw on the Citizens LOC will be a $1,050,700 check to RemoteMDx, 150 West Civic Center Drive, Suite 400, Sandy, UT 84000 xxx xxxx xx xxxx xxxxxx xxx xxxxxxxxx xxxxxxxxxx xxxchased by RemoteMDx.
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Initial Draw. On the terms and subject to the conditions hereinafter set forth, Victory agrees to lend to Lxxxx upon written request in accordance with the Note (as defined below) and this Agreement up to Two Million Dollars ($2,000,000) (the “Loan”). On the date hereof, Victory shall advance to Lxxxx Two Hundred and Fifty Thousand Dollars ($250,000) (the “Initial Draw”). The Initial Draw shall be used as expressly provided in the Disbursement Instructions (as defined below) and not for any other purpose.
Initial Draw. On the Execution Date, the Investor shall provide the Company under the Line of Credit, and the Company shall draw down under the Line of Credit, Twelve Million Five Hundred Thousand Dollars ($12,500,000) (the "Initial Draw"), thereby reducing to Thirty Seven Million Five Hundred Thousand Dollars ($37,500,000) the remaining amount available to the Company under the Line of Credit.
Initial Draw. Before Lender is required to advance the initial draw of the Loan Lender shall have received those items set forth on Exhibit A-1;
Initial Draw. The initial Revolving Advance on the date hereof under the Revolving Line of Credit shall not exceed $2,500,000.
Initial Draw. On the terms and subject to the conditions hereinafter set forth, Armacor shall lend to Victory (the “Loan”) on or before September 1, 2017 in accordance with the Armacor Note Five Hundred Ninety-Four Thousand, One Hundred Fifty-Four Dollars ($594,154) (the “Initial Draw”). The Initial Draw shall be used to repay the VPEG Loan and to pay Victory creditors as expressly provided in the Disbursement Instructions (as defined below) and not for any other purpose.
Initial Draw. At time of the Loan Closing, Escrow Agent will fund the agreed upon initial draw ( less closing costs) and will use said proceeds to pay those items and parties described on Schedule 4.2(d).
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Initial Draw. As conditions precedent to the obligation of the Bank to purchase the Series 2018 Bond and make the initial advance of Loan proceeds, the District shall have provided to the Bank, on or before the Closing Date:
Initial Draw. The Initial Draw may include a mutually agreed amount to reimburse Developer and Tenant for Project Costs actually incurred or paid by those parties (including, without limitation, fees and costs incurred prior to this Agreement for the General Contractor, Architect and other design professionals) on and before the date of Bond Closing; provided no reimbursement shall be made for any Project Costs previously paid to Developer pursuant to PreDevelopment Agreement #XXXX-XXXXX and dated . Developer and Owner shall agree on the maximum amount of the Initial Draw and shall notify Tenant of that agreed maximum amount by no later than three (3) business days prior to the Sale of the Bonds; in addition, Developer and Owner shall agree on the exact amount of the Initial Draw and shall notify Tenant of that agreed Initial Draw amount by no later than seven (7) business days prior to the Bond Closing.
Initial Draw. Promptly upon the filing of the Registration Statement on or before the thirtieth (30th) calendar day following the date hereof, an initial two hundred and fifty thousand dollars ($250,000) shall be paid by the Investor to the Company in immediately available funds (the “Initial Draw”), and the Company shall deliver to the Investor the Promissory Note. The Shares underlying the Promissory Note shall be included in the Registration Statement pursuant to the Registration Rights Agreement.
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