Advance Financing Sample Clauses

Advance Financing. The Parties shall cooperate and use commercially reasonable efforts, including obtaining necessary consents from third parties, to cause the Servicing Agreements and Subservicing Agreements to be deemed Eligible Servicing Agreements. All expenses incurred by the Parties in connection with the actions required by this 7.10(r) shall be paid 50% by Purchaser and 50% by the Sellers.
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Advance Financing. 4.1 Subject to the terms and conditions set forth herein, ING ComFin is willing to provide Advance Financing to Client with respect to any Approved Receivable, at Client’s request, in an amount up to the Maximum Advance Financing Percentage of the face amount of such Approved Receivable with due observance of the provisions set out in Article 14. ING ComFin has FSA Constar April 2010 Initials: the right to alter the maximum Advance Financing percentage, the possible maximum Advance Financing amount, and the Advance Financing term unilaterally or to impose a maximum Advance Financing amount in the event that, in the opinion of ING ComFin, the risk of non-repayment of the advances by Client or a different development should give rise to this. Any such decision shall be announced in writing and shall be effective within 30 days after the date of the announcement. Within a term of 20 days after the date of this announcement, Client may give written notice to ING ComFin that it does not accept the unilateral decision of ING ComFin and therefore terminates this FSA with ING ComFin in which event Client will have to repay in full all that is outstanding under all agreements between ING ComFin and the Client within 90 days after the date of the announcement after which these agreements are terminated. In the event of termination of this FSA by Client as provided in this Article 4.1, (i) the announced unilateral decision of ING ComFin shall not be effectuated during the notice term unless there is a compelling reason for ING ComFin to effectuate such decision without further delay and (ii) Article 17.4 of the General Terms and Conditions shall not be applicable. These same procedures will apply if ING ComFin changes other fees and terms pursuant to the FSA or the General Terms and Conditions.
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Advance Financing. 15.6 Maximum Advance Financing Percentage : 85% (excluding Receivables against Debtor Americhem, which Debtor will have — in conformity with the credit limit issued by Xxxxxxx — a Maximum Advance Financing of GBP 250,000.-, which Maximum Advance Financing will be reconsidered by ING ComFin in case the Term of Payment of this Debtor mounts up)
Sample 1
Advance Financing. The documentation and the terms of the Advance Financing shall be consistent with the term sheets for the Advance Financing dated as of June 3, 2011 and June 6, 2011 and provided to the Arranger and otherwise in form and substance reasonably satisfactory to the Arranger; it being understood that the Borrower may elect, in its sole discretion, consistent with the Purchase Agreement, to consummate the entire Advance Financing consistent with the term sheet dated as of June 6, 2011 and decline to consummate the Advance Financing contemplated by the term sheet dated as of June 3, 2011. The Borrower shall have received the proceeds of the Advance Financing, which proceeds, together with the proceeds from the Initial Term Loans hereunder and existing cash on hand at the Borrower, will be sufficient to consummate the Acquisition and pay all related fees, commissions and expenses.
Sample 1
Advance Financing. (a) Purchaser shall cooperate with Seller’s reasonable requests for information with respect to the expected terms and conditions of the Third Party Advance Facility. In addition, the Parties shall cooperate and use commercially reasonable efforts, including obtaining necessary consents from third parties, to cause Servicing Agreements to be deemed “Eligible Servicing Contracts” as defined in Exhibit C.
Sample 1

Related to Advance Financing

  • PIPE Financing (a) Parent has delivered to the Company true, correct and complete copies of each of the Subscription Agreements entered into by Parent with the applicable PIPE Investors named therein, pursuant to which the PIPE Investors have committed to provide the PIPE Financing. To the knowledge of Parent (except as it relates to any PIPE Investor affiliated with the Sponsor), with respect to each PIPE Investor, each Subscription Agreement with such PIPE Investors is in full force and effect and has not been withdrawn or terminated, or otherwise amended or modified, in any respect, and no withdrawal, termination, amendment or modification is contemplated by Parent. Each Subscription Agreement is a legal, valid and binding obligation of Parent and, to the knowledge of Parent (except as relates to any PIPE Investor affiliated with the Sponsor), each PIPE Investor that is party thereto, and none of the execution, delivery or performance of obligations under such Subscription Agreement by Parent or, to the knowledge of Parent (except as relates to any PIPE Investor affiliated with the Sponsor), such PIPE Investor, violates any applicable Laws. There are no other agreements, side letters, or arrangements between Parent and any PIPE Investor or Backstop Investor relating to any Subscription Agreement or the Backstop Subscription Agreement, respectively, that could affect the obligation of such PIPE Investors or Backstop Investor to contribute to Parent the applicable portion of the PIPE Financing Amount set forth in the Subscription Agreement of such PIPE Investors or the Backstop Tranche 2 Financing Amount set forth in the Backstop Subscription Agreement. As of the Signing Date, Parent does not know of any facts or circumstances that may reasonably be expected to result in any of the conditions set forth in any Subscription Agreement not being satisfied, or the PIPE Financing Amount not being available to Parent, on the Closing Date and, as of the date hereof, Parent does not know of any facts or circumstances that may reasonably be expected to result in 66 any of the conditions set forth in the Backstop Subscription Agreement not being satisfied, or the Backstop Tranche 2 Financing Amount not being available to Parent, on the Closing Date. No event has occurred that, with or without notice, lapse of time or both, would constitute a default or breach on the part of Parent under any material term or condition of any Subscription Agreement or the Backstop Subscription Agreement. As of the Signing Date, Parent has no reason to believe that it will be unable to satisfy in all material respects on a timely basis any term or condition of closing to be satisfied by it contained in any Subscription Agreement and, as of the date hereof, Parent has no reason to believe that it will be unable to satisfy in all material respects on a timely basis any term or condition of closing to be satisfied by it contained in the Backstop Subscription Agreement. The Subscription Agreements and the Backstop Subscription Agreement contain all of the conditions precedent (other than the conditions contained in the other agreements related to the transactions contemplated herein) to the obligations of the PIPE Investors and Backstop Investor to contribute to Parent the applicable portion of the PIPE Financing Amount set forth in the Subscription Agreements and the Backstop Tranche 2 Financing Amount set forth in the Backstop Subscription Agreement, respectively, each on the terms set forth therein.

  • Bridge Financing The Company shall use its reasonable best efforts to take, or cause to be taken, all actions and do or cause to be done, and to assist and cooperate with the other parties in doing, all things necessary, proper or advisable to obtain no later than October 30, 2004 a commitment letter (the “Bridge Financing Commitment Letter”) expiring no earlier than January 30, 2005, from a reputable financial institution in substantially the same form and substance as Exhibit F attached hereto, to provide financing on terms and conditions no less favorable than those described on Exhibit F attached hereto.

  • Advance Facility (a) The Master Servicer is hereby authorized to enter into a financing or other facility (any such arrangement, an "Advance Facility") under which (1) the Master Servicer sells, assigns or pledges to another Person (an "Advancing Person") the Master Servicer's rights under this Agreement to be reimbursed for any Advances or Servicing Advances and/or (2) an Advancing Person agrees to fund some or all Advances and/or Servicing Advances required to be made by the Master Servicer pursuant to this Agreement. No consent of the Depositor, the Trustee, the Certificateholders or any other party shall be required before the Master Servicer may enter into an Advance Facility. Notwithstanding the existence of any Advance Facility under which an Advancing Person agrees to fund Advances and/or Servicing Advances on the Master Servicer's behalf, the Master Servicer shall remain obligated pursuant to this Agreement to make Advances and Servicing Advances pursuant to and as required by this Agreement. If the Master Servicer enters into an Advance Facility, and for so long as an Advancing Person remains entitled to receive reimbursement for any Advances including Nonrecoverable Advances ("Advance Reimbursement Amounts") and/or Servicing Advances including Nonrecoverable Advances ("Servicing Advance Reimbursement Amounts" and together with Advance Reimbursement Amounts, "Reimbursement Amounts") (in each case to the extent such type of Reimbursement Amount is included in the Advance Facility), as applicable, pursuant to this Agreement, then the Master Servicer shall identify such Reimbursement Amounts consistent with the reimbursement rights set forth in Section 3.10(a)(ii) and (vii) and remit such Reimbursement Amounts in accordance with this Section 3.22 or otherwise in accordance with the documentation establishing the Advance Facility to such Advancing Person or to a trustee, agent or custodian (an "Advance Facility Trustee") designated by such Advancing Person in an Advance Facility Notice described below in Section 3.22(b). Notwithstanding the foregoing, if so required pursuant to the terms of the Advance Facility, the Master Servicer may direct, and if so directed in writing the Trustee is hereby authorized to and shall pay to the Advance Facility Trustee the Reimbursement Amounts identified pursuant to the preceding sentence. An Advancing Person whose obligations hereunder are limited to the funding of Advances and/or Servicing Advances shall not be required to meet the qualifications of a Master Servicer or a Subservicer pursuant to Section 3.02(a) or 6.02(c) hereof and shall not be deemed to be a Subservicer under this Agreement. Notwithstanding anything to the contrary herein, in no event shall Advance Reimbursement Amounts or Servicing Advance Reimbursement Amounts be included in the Available Distribution Amount or distributed to Certificateholders.

  • Other Financing Notwithstanding anything in this Agreement to the contrary, the Issuer and the Company may hereafter enter into agreements to provide for the financing or refinancing of costs of the Project or any portion thereof.

  • Future Financing The Company shall have not completed any financing prohibited by Section 4.11 unless, prior to the Company delivering the first Draw Down Notice after any such financing, the Company pays the Purchaser the sum of $100,000 as liquidated damages.

  • Purchaser Financing Purchaser assumes full responsibility to obtain the funds required for settlement, and Purchaser’s acquisition of such funds shall not be a contingency to the Closing.

  • Participation in Future Financing (a) From the date hereof until the date that is the 12 month anniversary of the Effective Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 100% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

  • Transaction Financing The Company shall use its reasonable best efforts to take, or cause to be taken, all actions, and do, or cause to be done, and to assist and cooperate with the other parties in doing, all things necessary, proper or advisable to obtain a commitment letter (the “Transaction Financing Commitment Letter”), from a reputable financial institution to provide financing for the Merger and the transactions contemplated hereby on commercially reasonable terms and conditions.

  • Acquisition Loans The proceeds of the Acquisition Loans may be used only for the following purposes: (i) for working capital and general corporate purposes, including, without limitation, the issuance of Letters of Credit and to pay outstanding Floor Plan Loans; and (ii) to make Permitted Acquisitions.

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