Advance Dates; Minimum Amounts Sample Clauses

Advance Dates; Minimum Amounts. Each Advance Date (other than the Initial Advance Date) shall be a Scheduled Payment Date, shall (unless the Participants otherwise agree or such Advance is being made by a book entry by the applicable Participant as set forth in clause (b) of Section 2.2.9) require at least three but no more than five Business Days notice to the Administrative Agent and there shall be no more than one Advance during any calendar month unless the Participants otherwise agree. Each Advance shall be in a minimum amount equal to $6,000,000; provided, that, notwithstanding any other provisions of the Operative Documents (i) any Advance made solely to pay Construction Period Fees, Construction Period Unused Fees, Construction Period Accrued Interest or Construction Period Accrued Yield shall not be subject to such minimum amount, except that the portion thereof allocable to the Conduit Loans shall be a minimum amount equal to $1,000,000, (ii) if the aggregate accrued amounts as of any Scheduled Payment Date for the interest, fees and yield referred to in clause (i) are not sufficient to permit the minimum amount of Conduit Loans provided in clause (i) to be satisfied, any portion of such amount of interest, fees and Yield (other than interest on the Conduit Loans) which would otherwise be funded by a Conduit Loan shall not be payable until such subsequent Scheduled Payment Date on which such condition in clause (i) is satisfied, (iii) Construction Period Interest on the Conduit Loans shall in any event be payable on each Scheduled Payment Date and, if the minimum amount of Conduit Loans provided in clause (i) is not satisfied, such payment will be deemed made from an additional Advance of a Conduit Loan which shall be deemed to have been made on such Scheduled Payment Date and (iv) none of the limitations of this sentence shall apply so long as an Advance is for the full amount of the Aggregate Available Commitments or is the final Advance or is for Noneligible Accrued Amounts not funded by Conduit Loans. All remittances made by the Investors and the Lenders (i.e., which are being made by other than book entry by such Participant) for the funding of any Advance shall be made in immediately available federal funds by wire transfer to Administrative Agent prior to 12:00 noon (New York City time) on the Advance Date specified in the relevant Advance Request; provided, that (if applicable) the Conduit Loan Lender shall initiate a wire transfer of the amount of an Advance funded by ...
Sample 1
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Advance Dates; Minimum Amounts. Each Advance Date other than the Initial Advance Date (which shall be a Business Day) shall be a Scheduled Payment Date, and there shall be no more than one Advance during any calendar month. Each Advance (excluding any Advance made solely to pay Construction Period Fees, Construction Period Accrued Interest, Construction Period Accrued Yield, Postponement Interest or Postponement Yield) shall be in a minimum amount equal to $10,000,000; provided, that so long as an Advance is for the full amount of the Aggregate Available Commitments or is the final Advance or is for Noneligible Accrued Amounts, such Advance need not be in such amount. All remittances made by Investors and Lenders for the funding of any Advance (less any amounts netted pursuant to Section 2.2.10(b)) shall be made in immediately available federal funds by wire transfer to the Collateral Agent to the 30-50 Xxxxxx Xxxxxx Xxxding Account (established at the request of the Participants) referred to in Schedule II hereto prior to 12:00 noon (New York City time) on the Advance Date specified in the relevant Advance Request. Promptly, but in no event later than 3:00 p.m. (New York time) if all such funds are received on or before 1:00 p.m. (New York time), upon Collateral Agent's receipt of all such funds from the Participants, subject to the conditions herein, Collateral Agent shall wire such funds in the amounts, and to Construction Agent (or its designee) or such other Persons so designated in the Advance Request.
Sample 1
Advance Dates; Minimum Amounts. Each Advance Date other than the Initial Advance Date and the Manufacturing Facility Site Purchase Date (which shall be a Business Day) shall be a Scheduled Payment Date, and there shall be no more than one Advance during any calendar month unless the Participants otherwise agree. Each Advance (excluding any Advance made solely to pay Construction Period Fees, Construction Period Accrued Interest or PARTICIPATION AGREEMENT Construction Period Accrued Yield and the purchase price of the Manufacturing Facility) shall be in a minimum amount equal to $5,000,000; provided, that so long as an Advance is for the full amount of the Aggregate Available Commitments, is the final Advance or is for Noneligible Accrued Amounts, such Advance need not be in such amount. All remittances made by Investors and Lenders for the funding of any Advance shall be made in immediately available federal funds by wire transfer to Administrative Agent prior to 1:00 p.m. (New York City time) on the Advance Date specified in the relevant Advance Request. Promptly, but in no event later than 3:00 p.m. (New York City time) if all such funds are received on or before 2:00 p.m. (New York City time), upon Administrative Agent's receipt of all such funds from the Participants, subject to the conditions herein, Administrative Agent shall wire such funds in the amounts, and to Construction Agent (or its designee) or such other Persons, so designated in the Advance Request.
Sample 1

Related to Advance Dates; Minimum Amounts

  • Minimum Amounts (A) in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment and the Loans at the time owing to it or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and

  • Minimum Amount of Each Advance Each Eurodollar Advance shall be in the minimum amount of $5,000,000 and in multiples of $1,000,000 if in excess thereof. Floating Rate Advances may be in any amount.

  • Maximum Advance Amount The amount of an Advance requested by the Company shall not exceed the Maximum Advance Amount. In addition, in no event shall the number of shares issuable to the Investor pursuant to an Advance cause the aggregate number of shares of Common Stock beneficially owned by the Investor and its affiliates to exceed nine and 9/10 percent (9.9%) of the then outstanding Common Stock of the Company. For the purposes of this section beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act.

  • Minimum Amounts and Maximum Number of Eurodollar Tranches Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions, continuations and optional prepayments of Eurodollar Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, (a) after giving effect thereto, the aggregate principal amount of the Eurodollar Loans comprising each Eurodollar Tranche shall be equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof and (b) no more than ten Eurodollar Tranches shall be outstanding at any one time.

  • Minimum Amount No prepayment shall be required pursuant to Section 5.2(a)(i) (i) in the case of any Disposition yielding Net Cash Proceeds of less than $1,000,000 in the aggregate and (ii) unless and until the amount at any time of Net Cash Proceeds from Prepayment Events required to be applied at or prior to such time pursuant to such Section and not yet applied at or prior to such time to prepay Term Loans pursuant to such Section exceeds (x) $10,000,000 for a single Prepayment Event or (y) $50,000,000 in the aggregate for all Prepayment Events (other than those which are either under the threshold specified in subclause (i) or over the threshold specified in subclause (ii)(x)) in any one fiscal year, at which time all such Net Cash Proceeds referred to in this subclause (y) with respect to such fiscal year shall be applied as a prepayment in accordance with this Section 5.2.

  • Minimum Amount of Each Borrowing; Maximum Number of Borrowings The aggregate principal amount of each Borrowing of Loans shall be in a multiple of $100,000 and shall not be less than the Minimum Borrowing Amount. More than one Borrowing may occur on any date; provided that at no time shall there be outstanding more than four (4) Borrowings of LIBOR Loans under this Agreement.

  • Maximum Amount (a) It is the intention of the Borrowers and the Lenders to conform strictly to the usury and similar laws relating to interest from time to time in force, and all agreements between the Loan Parties and their respective Subsidiaries and the Lenders, whether now existing or hereafter arising and whether oral or written, are hereby expressly limited so that in no contingency or event whatsoever, whether by acceleration of maturity hereof or otherwise, shall the amount paid or agreed to be paid in the aggregate to the Lenders as interest (whether or not designated as interest, and including any amount otherwise designated but deemed to constitute interest by a court of competent jurisdiction) hereunder or under the other Loan Documents or in any other agreement given to secure the Indebtedness evidenced hereby or other Obligations of the Borrowers, or in any other document evidencing, securing or pertaining to the Indebtedness evidenced hereby, exceed the maximum amount permissible under applicable usury or such other laws (the “Maximum Amount”). If under any circumstances whatsoever fulfillment of any provision hereof, or any of the other Loan Documents, at the time performance of such provision shall be due, shall involve exceeding the Maximum Amount, then, ipso facto, the obligation to be fulfilled shall be reduced to the Maximum Amount. For the purposes of calculating the actual amount of interest paid and/or payable hereunder in respect of laws pertaining to usury or such other laws, all sums paid or agreed to be paid to the holder hereof for the use, forbearance or detention of the Indebtedness of the Borrowers evidenced hereby, outstanding from time to time shall, to the extent permitted by Applicable Law, be amortized, pro-rated, allocated and spread from the date of disbursement of the proceeds of the Loans until payment in full of all of such Indebtedness, so that the actual rate of interest on account of such Indebtedness is uniform through the term hereof. The terms and provisions of this Section 11.20(a) shall control and supersede every other provision of all agreements between the Borrowers or any endorser of the Loans and the Lenders.

  • Available Commitment After giving effect to the proposed Borrowing, the Principal Obligations will not exceed the Available Commitment and the aggregate Principal Obligations will not exceed the Maximum Commitment.

  • Minimum Amount of Each Borrowing The aggregate principal amount of each Borrowing of Loans shall not be less than the Minimum Borrowing Amount. More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than 15 Borrowings of Euro Rate Loans.

  • Termination; Advance Payments Upon termination of this Lease pursuant to Paragraph 6.2(g) or Paragraph 9, an equitable adjustment shall be made concerning advance Base Rent and any other advance payments made by Lessee to Lessor. Lessor shall, in addition, return to Lessee so much of Lessee's Security Deposit as has not been, or is not then required to be, used by Lessor.

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