ADVANCES AND RELATED MATTERS Sample Clauses

ADVANCES AND RELATED MATTERS. (i) Subject to the satisfaction of the conditions set forth in Section 2.01, with respect to the Financing Closing, or Section 2.02, with respect to each Funding subsequent to the Financing Closing (except in the case of Fundings made from time to time pursuant to Section 1.04(c) hereof), (A) each Interim Note Purchaser agrees to make an advance (each, an "ADVANCE"), from time to time but not more frequently than once per calendar month, in an amount equal to its Percentage of Actual Project Costs specified in any Requisition, up to an aggregate principal amount equal to its Interim Note Commitment; (B) each Series 1 Note Purchaser agrees to make an Advance on the Financing Closing Date equal to its Series 1 Note Commitment; (C) each Series 1 Certificate Purchaser agrees to make its Investment on the Financing Closing Date in an amount equal to its Series 1 Certificate Commitment; and (D) each Series 2 Certificate Purchaser agrees to make an Investment on the date of the Funding of the first Requisition in the amount of such Purchaser's Certificate Percentage of the amount requested in the first Requisition not to exceed such Purchaser's Certificate Percentage of $766,621.52 and from time to time thereafter, but not more frequently than once per calendar month, up to an aggregate amount equal to its Series 2 Certificate Commitment. Each Purchaser shall record the Advances or Investment, as the case may be, made by it on the payment schedule attached to its Interim Note or Certificate.
Sample 1Sample 2
AutoNDA by SimpleDocs
ADVANCES AND RELATED MATTERS. Section 2.1 The Advances45
Sample 1
ADVANCES AND RELATED MATTERS. (i) Subject to the satisfaction of the conditions set forth in Section 2.01, with respect to the Initial HCL Funding, Section 2.02, 7 12 with respect to each HCL Funding subsequent to the Initial HCL Funding (except in the case of HCL Fundings made from time to time pursuant to Section 1.04(c) hereof), (A) each Note Purchaser agrees to make an advance (each together with the Initial HCL Advance, a "HCL Advance"), from time to time but not more frequently than once per calendar month, in an amount equal to its Percentage of Actual HCL Project Costs specified in any Requisition, up to an aggregate principal amount equal to its Interim Note (HCL) Commitment; and (B) each Certificate Purchaser agrees to make, in addition to its Initial HCL Investment, a HCL Investment on or prior to the applicable Payment Date during the Construction Period in an amount equal to, (i) in the case of the Initial HCL Investment, its Initial Certificate (HCL) Commitment and (ii) in the case of each other HCL Investment, its pro rata share of the Distributions payable on the Certificates. Each Purchaser shall record the HCL Advances or HCL Investments made by it on the payment schedule attached to its Interim Note (HCL Series) or Certificate (HCL Series), as the case may be.
Sample 1

Related to ADVANCES AND RELATED MATTERS

  • Amounts and Terms of the Advances and Letters of Credit Section 2.01 The Revolving Advances and Letters of Credit.

  • Restrictions on Activities of the Trust Notwithstanding any other provision of this Agreement and any provision of law that otherwise so empowers the Trust, so long as any Certificates are outstanding, the Trust shall not, and none of the Trustee, the Delaware Trustee, the Company or the Servicer shall knowingly cause the Trust to, do any of the following:

  • Limitations on Loans, Advances, Investments and Acquisitions Purchase, own, invest in or otherwise acquire, directly or indirectly, any Capital Stock, interests in any partnership or joint venture (including, without limitation, the creation or capitalization of any Subsidiary), evidence of Indebtedness or other obligation or security, substantially all or a portion of the business or assets of any other Person or any other investment or interest whatsoever in any other Person, or make or permit to exist, directly or indirectly, any loans, advances or extensions of credit to, or any investment in cash or by delivery of property in, any Person except:

  • Investments, Loans, Advances, Guarantees and Acquisitions The Borrower will not, and will not permit any of its Subsidiaries to, purchase, hold or acquire (including pursuant to any merger with any Person that was not a wholly owned Subsidiary prior to such merger) any capital stock, evidences of indebtedness or other securities (including any option, warrant or other right to acquire any of the foregoing) of, make or permit to exist any loans or advances to, Guarantee any obligations of, or make or permit to exist any investment or any other interest in, any other Person, or purchase or otherwise acquire (in one transaction or a series of transactions) any assets of any other Person constituting a business unit, except:

  • Conditions Precedent to All Advances and Letters of Credit The Lender’s obligation to make each Advance or to cause the issuance of a Letter of Credit shall be subject to the further conditions precedent that:

  • CONDITIONS TO ALL BORROWINGS The obligations of the Lenders to make any Loan or issue any Letter of Credit, whether on or after the Closing Date, shall also be subject to the satisfaction of the following conditions precedent:

  • Conditions Precedent to All Borrowings The obligation of each Lender to make an Advance on the occasion of each Borrowing and of the Issuing Lender to issue, increase, or extend any Letter of Credit shall be subject to the further conditions precedent that on the date of such Borrowing or the date of the issuance, increase, or extension of such Letter of Credit:

  • Nature of Participation and Reimbursement Obligations Each Lender’s obligation in accordance with this Agreement to make the Revolving Advances or Participation Advances as a result of a drawing under a Letter of Credit, and the obligations of Borrowers to reimburse Agent upon a draw under a Letter of Credit, shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Section 2.16 under all circumstances, including the following circumstances:

  • Investments, Loans, Advances and Acquisitions The Borrower will not, and will not permit any of its Subsidiaries to, purchase, hold or acquire (including pursuant to any merger with any Person that was not a wholly owned Subsidiary prior to such merger) any capital stock, evidences of indebtedness (subject to Section 6.09 below) or other securities (including any option, warrant or other right to acquire any of the foregoing) of, make or permit to exist any loans or advances to, or make or permit to exist any investment or any other interest in, any other Person, or purchase or otherwise acquire (in one transaction or a series of transactions) any assets of any other Person constituting a business unit, except:

  • Termination and Reduction of the Commitments (a) Unless previously terminated, the Commitments shall terminate on the Termination Date.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!