Example ContractsClausesAdvance of Loan
Remove:

The Facility Agent must promptly notify each Lender of the details of the requested Loan and the amount of its share in that Loan.

which has otherwise rescinded or repudiated a Finance Document; or

Advance. During the Term of this Agreement, Manager shall make advances to Provider which Manager, in the exercise of its sole discretion, deems necessary for the payment of Provider Expenses and the Management Fee, and Manager shall be repaid such advances, without interest, at such time as there are sufficient funds for repayment.

Advance Requests. [[Organization A:Organization]] may request that [[Organization B:Organization]] make an Advance by delivering to [[Organization B:Organization]] an Advance Request therefor and [[Organization B:Organization]] shall be entitled to rely on all the information provided by [[Organization A:Organization]] to [[Organization B:Organization]] on or with the Advance Request. The [[Organization B:Organization]] may honor Advance Requests, instructions or repayments given by the [[Organization A:Organization]] (if an individual) or by any Authorized Person.

Subject to the terms and conditions of this Agreement, during the Term Advance Draw Period, upon written request from Borrower, Lender will make a term loan ("Term Advance") to Borrower in an amount specified by Borrower in such written request but not to exceed $4,000,000, the proceeds of which shall be used solely for repurchasing outstanding capital stock of Borrower; provided that # all of the representations and warranties set forth in Section 3 are true and correct on the date of the Term Advance as though made at and as of each such date, and # no Default has occurred and is continuing, or would result from the Term Advance.

Advance Request. shall submit an Advance Request in accordance with [Section 2.17(d)], provided that in no event shall submit an Advance Request more than once in any thirty (30) day period (and, for the avoidance of doubt, each Advance Request shall contain a request for all items requested by for such thirty (30) day period).

Interest Advance. A portion of the Loan specified in the Project Budget (the “Interest Advance”) has been reserved for payments of interest as it accrues and becomes due and payable on the Loan. The Interest Advance shall not be disbursed for any purpose other than the payment of interest on the Loan unless otherwise agreed to by in its sole and absolute discretion. Subject to the provisions of [Section 2.20(b)], shall advance portions of the Interest Advance directly to itself to satisfy obligations for the payment of interest under the Note from time to time as the same become due and payable.

Additional Advance. Section 3 of the First Amendment to Lease is deleted in its entirety and replaced with the following:

Name and address of Borrower’s counsel to be present at closing.

/

Name and address of Governmental Lender’s counsel.

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