- ADVANCES AND PAYMENT Sample Clauses

- ADVANCES AND PAYMENT. 1.3.1. If operator so requests, non-operator(s) shall advance to the operator the non-operator(s)' share of estimated cash requirements for the succeeding month's operation in accordance with Article 6 of the Agreement. Operator shall make written request for the advance to non- operator(s) at least twenty (20) days prior to the first banking day of such succeeding month. The advance shall not be due and payable before the first banking day of the month for which the advance is requested. The request shall set out the funds in the currencies to be expended as estimated by the operator to be required. The non-operator(s) shall on or before the due date make corresponding advances in the currencies requested by depositing such funds to operator's account at a bank as may be from time to time designated by the operator.
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- ADVANCES AND PAYMENT. 1.3.1. Non-Operator(s) shall advance by immediately available funds to Operator within 15 days of notice by Operator their share of estimated cash requirements for the succeeding month's Operations in accordance with Article VI of the Agreement. Such advance shall be credited when the actual billxxxx xxx 1.2.2. above are issued.
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- ADVANCES AND PAYMENT. The Revolving Loans -------------------- shall be made by each of the Banks concurrently. Each payment and prepayment of the Revolving Loans made to the Agent for the account of the Banks shall be made pro rata on the basis of each Bank's Revolving Loan Commitment as set forth in Exhibit D. If the Borrower prepays any Revolving --------- Loan or a portion thereof which is accruing at the Eurodollar Rate, the Borrower shall compensate the Banks in accordance with Section 11.06(2). Any such prepayment shall be made upon at least three (3) Business Days' notice to the Agent stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given, the Borrower shall prepay such principal amount of the Revolving Loan together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, -------- however, that each partial prepayment shall be in an aggregate principal ------- amount of not less than One Hundred Thousand Dollars ($100,000) and integral multiples of Fifty Thousand Dollars ($50,000) in excess thereof, and provided further, that a partial prepayment shall not reduce the principal ---------------- balance of each Revolving Loan below the minimum levels prescribed in Section 3.05. In the event more than one Revolving Loan accruing at the Eurodollar Rate is outstanding at the time of any such prepayment, the Borrower shall have the right to specify which such Revolving Loan is to be prepaid by the Borrower.
Sample 1
- ADVANCES AND PAYMENT. It is agreed that the sum of all advances under this Note may exceed the Principal Amount as shown above, but the unpaid balance shall never exceed the Principal Amount. Advances and payments on this Note shall be recorded on records of Lender and such records shall be prima facie evidence of such advances, payments and unpaid principal balance. Subsequent advances and the procedures described herein shall not be construed or interpreted as granting a continuing line of credit for the Principal Amount. Lender reserves the right to apply any payment by Maker, or for account of Maker, toward this Note or any other obligation of Maker to Lender. Maker may prepay this Note at any time without penalty.
Sample 1
- ADVANCES AND PAYMENT. 1.3.1. Non-Operator(s) shall advance by immediately available funds to Operator within 15 days of notice by Operator their share of estimated cash requirements for the succeeding month's Operations in accordance with Article VI of the Agreement. Such advance shall be credited when the actual billxxxx xxx 1.2.2. above are issued. 1.3.2. Should the Operator be required to pay any large (in excess of U.S. $50,000.00) sums of money on behalf of the Joint operation, which were unforeseen at the time of providing the Non- Operator(s) with said monthly estimates of its requirements, the Operator shall make a written request of the Non-Operators(s) for special advances covering the Non-Operators' share of such payments. Non-Operator(s) shall make their proportional special advances within fifteen (15) days after receipt of such notice.
Sample 1
- ADVANCES AND PAYMENT. 1.3.1. Non-Operator(s) shall advance by immediately available funds to Operator within 15 days of notice by Operator their share of estimated cash requirements for the succeeding month's Operations in accordance with Article VI of the Agreement. Such advance shall be credited when the actual billxxxx xxx 1.2.2. above are issued. 1.3.2. Should the Operator be required to pay any large (in excess of U.S. $50,000.00) sums of money on behalf of the Joint Operation, which were unforeseen at the time of providing the Non-Operator(s) with said monthly estimates of its requirements, the Operator shall make a written request of the Non-Operators(s) for special advances covering the Non-Operators' share of such payments. Non-Operator(s) shall make their proportional special advances within fifteen (15) days after receipt of such notice. 1.3.3. If Non-Operator(s) advances exceed their share of the expenditures, the next succeeding cash advance requirements, after such determination, shall be reduced accordingly or deducted from the next billing, whichever comes first. However, Non-Operator(s) may request that excess advances be refunded. The Operator shall make such refund within fifteen (15) days after receipt of Non-Operator(s) request. Such refund shall be made in the currency so advanced. 1.3.4. If Non-Operator(s) advances are less than their share of actual expenditures, the deficiency shall, at Operator's option, be added to subsequent cash advance requirements or be paid by Non-Operator(s) within thirty (30) days following receipt of Operators for such deficiency. 1.3.5. If Operator does not request Non-Operator(s) to advance their share of estimated cash requirements, Non-Operator(s) shall pay their share of actual expenditures within thirty (30) days following receipt of Operator's billing. 1.3.6. Payment of advances or billxxxx xxxll be made on or before the due date, and if not so paid the unpaid balance shall be treated as provided under Article VI of the Agreement.
Sample 1
- ADVANCES AND PAYMENT. (a) Following receipt of a Draw Request, Administrative Agent shall promptly provide each Lender with a copy of the Draw Request Form in the form of Exhibit “F-1”, the related AIA Document G-702 and G-703, the related written confirmation by Borrower’s Architect and the related written certification of the Construction Inspector. Administrative Agent shall notify each Lender telephonically (with confirmation by electronic mail) or by electronic mail (with confirmation by telephone) not later than 1:00 p.m. Administrative Agent’s Time two (2) Business Days prior to the advance Funding Date for LIBOR Rate Principal advances, and one (1) Business Day prior to the advance Funding Date for all other advances, of its Pro Rata Share of the amount Administrative Agent has determined shall be advanced in connection therewith (“Advance Amount”). In the case of an advance of the Loan, each Lender shall make the funds for its Pro Rata Share of the Advance Amount available to Administrative Agent not later than 11:00 a.m. Administrative Agent’s Time on the Funding Date thereof. After Administrative Agent’s receipt of the Advance Amount from Lenders, Administrative Agent shall make proceeds of the Loan in an amount equal to the Advance Amount (or, if less, such portion of the Advance Amount that shall have been paid to Administrative Agent by Lenders in accordance with the terms hereof) available to Borrower on the applicable Funding Date by advancing such funds to Borrower in accordance with the provisions of Exhibit “F”.
Sample 1
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