Advance of Available Commitment Sample Clauses

Advance of Available Commitment. At least five (5) Business Days prior to a Shortfall Funding Date, Borrower shall provide the Lender with an Advance Request. Lender shall provide the Advance on the Shortfall Funding Date and in any event at least 3 business days before a Bond Interest Payment Date or Bond Principal Payment Date.
Sample 1
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Advance of Available Commitment. Prior to the Hotel Manager sending a request in substantially the form attached to the Indenture of Trust as Exhibit G to the Trustee for accessing funds in the Renewal and Replacement Fund, in accordance with the provisions of Section 5.09(c) of the Indenture of Trust, Borrower shall provide Lender with an Advance Request, together with such information or documentation that is reasonably necessary for Lender to confirm that the Advance Request complies with the provisions of Section 5.09(c) of the Indenture of Trust and this Agreement. If the Advance Request complies with the provisions of Section 5.09(c) of the Indenture of Trust and the
Sample 1
Advance of Available Commitment. Prior to the Hotel Manager sending a request in substantially the form attached to the Indenture of Trust as Exhibit G to the Trustee for accessing funds in the Renewal and Replacement Fund, in accordance with the provisions of Section 5.09(c) of the Indenture of Trust, Borrower shall provide Lender with an Advance Request, together with such information or documentation that is reasonably necessary for Lender to confirm that the Advance Request complies with the provisions of Section 5.09(c) of the Indenture of Trust and this Agreement. If the Advance Request complies with the provisions of Section 5.09(c) of the Indenture of Trust and the additional documentation proves up the eligibility of the Life, Health, and Safety Projects and Borrower’s ability to make an Advance Request, then within 8 Business Days of the Lender’s receipt of an Advance Request and any such necessary information or documentation, Lender shall disburse such funds in the Advance Request in accordance with Section 5.09(c) of the Indenture of Trust. If, upon Lender’ receipt of an Advance Request and/or such necessary information or documentation, Lender determines that the Advance Request does not comply with the provisions of Section 5.09(c) of the Indenture of Trust or the additional documents does not prove up the eligibility of the Advance Request , then Lender shall have the right to disapprove such Advance Request and/or request additional supporting information or documentation, and shall not be required to disburse such funds in such Advance Request unless and until Lender determines that such Advance Request complies with the provisions of Section 5.09(c) of the Indenture of Trust and this Agreement Lender shall approve or disapprove of such Advance Request.
Sample 1

Related to Advance of Available Commitment

  • Minimum Availability Borrower shall have minimum availability immediately following the initial funding in the amount set forth on the Schedule.

  • FUNDING AVAILABILITY This Contract is contingent upon the continued availability of funding. If funds become unavailable through the lack of appropriations, legislative or executive budget cuts, amendment of the Appropriations Act, state agency consolidation or any other disruptions of current appropriations, DFPS will reduce or terminate this Contract.

  • Undrawn Availability After giving effect to the initial Advances hereunder, Borrowers shall have Undrawn Availability of at least $10,000,000;

  • 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.

  • Minimum Commitment If for a certain Service a minimum commitment has been determined in the Agreement, the Customer guarantees to respect the minimum commitment described in the Agreement during the entire period of the Agreement. If the Customer does not respect this minimum commitment, the Customer shall pay the compensation mentioned in the Agreement. If no compensation has been mentioned in the Agreement, the Customer has to pay the applicable Charges for the respective Service, or the average of the applicable Charges if different Charges are applied for the respective Service, per missing number of its minimum commitment. Services that are timely cancelled by the Customer or Services for which the Customer has paid a cancellation fee , do not, even not partly, release the Customer from its obligation to respect the minimum commitment . Services cancelled as due to Force Majeure and Services cancelled by Lineas for other reasons than Force Majeure, will be considered as a Services ordered and paid for by the Customer. Services cancelled by the Customer or by Lineas because of holidays do not, even not partly, release the Customer from its obligation to respect its minimum commitment.

  • Minimum Excess Availability Borrower shall have Excess Availability under the Revolving Credit Loans facility of not less than the amount specified in the Schedule, after giving effect to the initial advance hereunder and after giving effect to any applicable Loan Reserves against borrowing availability under the Revolving Credit Loans.

  • Maximum Commitment The maximum aggregate amount payable by NYSERDA to the Contractor shall be the amount appearing at Item 5 of page one of this Agreement. NYSERDA shall not be liable for any costs or expenses in excess of such amount incurred by the Contractor in the performance and completion of the Work.

  • Revolving Committed Amount If at any time after the Closing Date, the sum of the aggregate principal amount of outstanding Revolving Loans plus outstanding Swingline Loans plus outstanding LOC Obligations shall exceed the Revolving Committed Amount, the Borrower shall immediately prepay the Revolving Loans and Swingline Loans and (after all Revolving Loans and Swingline Loans have been repaid) Cash Collateralize the LOC Obligations in an amount sufficient to eliminate such excess (such prepayment to be applied as set forth in clause (vii) below).

  • Loan Amount 5. ACCOUNT NAME(S) ............................................................................................................................................................................. BANK NAME / BRANCH ..................................................................................................................................................................

  • Line of Credit Amount (a) During the availability period described below, the Bank will provide a line of credit to the Borrower. The amount of the line of credit (the “Facility No. 1 Commitment”) is Five Million and 00/100 Dollars ($5,000,000.00). (b) This is a revolving line of credit. During the availability period, the Borrower may repay principal amounts and reborrow them. (c) The Borrower agrees not to permit the principal balance outstanding to exceed the Facility No. 1

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