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B, in favor of such Bank; <br /> (iii) The notice described in Section 3.2(a); and <br /> (iv) Such additional information and documents as such Bank and its counsel <br /> may reasonably require. <br /> (b) Each Bank's obligation to make any further Advance is subject to the <br /> further condition of there being no Default Condition or Event of Default existing as of <br /> the date of such Advance. <br /> SECTION 2 <br /> Loan Loss Reserve <br /> Pursuant to the Support Agreement, the County has provided a Loan Loss Reserve <br /> in the amount of $150,000. The County shall make payments from the Loan Loss <br /> Reserve to the Company Loan Loss Account pursuant to Section 2.02 of the Support <br /> Agreement for use as provided in Section 4.2 of this Agreement. <br /> SECTION 3 <br /> Loans to the Company <br /> 3.1. Use of Proceeds. The Company will use the proceeds of all Advances <br /> exclusively to fund Program Loans. <br /> 3.2. Procedures for Borrowings. <br /> (a) The Company will request Advances by giving notice to the Banks and the <br /> County of(i) the total amount of the proposed Borrowing (which must be a minimum of <br /> $5,000, and a maximum of $50,000), (ii) the amount of the Advance required of each <br /> Bank, based upon its Percentage Share, and (iii) the date of the proposed Borrowing <br /> (which must be at least five Business Days after the notice date). The notice to the <br /> County will also comply with the requirements of Section 1.03(a) of the Support <br /> Agreement. <br /> (b) On the date of the proposed Borrowing as specified in the notice, each <br /> Bank will make an Advance by depositing immediately available funds in an amount <br /> equal to its Percentage Share of the Borrowing to such account as the Company may <br /> direct. In addition, the County will, not later than such date, give the notice provided for <br /> 2 <br />