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(c) <br /> <br />(d) <br /> <br />Loan to borrower and the request is made that <br />the Member Funds be transferred by wire to <br /> at <br />(title company or closing agent) for the <br />account of MCCF on the day of <br /> ,200 <br /> <br />(iii) <br /> <br />MCCF has received a commitment for the sale <br />of the Development Loan to <br /> ("Loan Purchaser"), <br />at a sale price of $ payable by <br />wire transfer as of the same day Member <br />Funds are transferred pursuant to this request. <br />In the event the principal amount of the <br />Development Loan exceeds th.e advance <br />requested by MCCF pursuant 'to this <br />Agreement, such difference will be funded <br />from other sources. <br /> <br />(iv) <br /> <br />The Member Funds advanced to MCCF will <br />not be irrevocably advanced by MCCF to fund <br />the Development Loan until MCCF has <br />confirmed with Escrow Agent that Escrow <br />Agent has received a wire transfer from Loan <br />Purchaser in an amount equal to the amount <br />advanced by Escrow Agent to the title <br />company or closing agent with respect to such <br />Development Loan pursuant to 5(b)(i) and (ii) <br />of this Ageement. <br /> <br />Reimbursement of Member Funds. Funds received by <br />Escrow Agent,from a Loan Purchaser or directly or indirectly <br />from MCCF with respect to the closing or sale of a <br />Development Loan funded from the Loan Fund shall be <br />deposited in the Loan Fund and deemed a reimbursement of <br />Member Funds previously advanced. <br /> <br />Refund of Member Funds. A Member shall receive a refund <br />of their deposit balance in the Loan Fund upon 30 days <br />advance written notice to MCCF and Escrow Agent <br />specifying the amount of refund which the Member wishes to <br />receive. This notice may be given at any time after the third <br />anniversary date of the first deposit to the Loan Fund made by <br />the Member. In the event the requested refund by a Member <br />would reduce the deposit balance in the Loan Fund by the <br /> <br /> <br />