Common use of Advances, Generally Clause in Contracts

Advances, Generally. The Initial Advance shall be in the minimum amount of Two Million Dollars ($2,000,000) and in integral multiples of One Hundred Thousand Dollars ($100,000) above such amount and shall be made upon satisfaction of the conditions set forth in Section 4.01. Subsequent advances shall be made no more frequently than weekly thereafter, upon satisfaction of the conditions set forth in Section 4.02. The amount of each advance subsequent to the Initial Advance shall be in the minimum amount of Two Million Dollars ($2,000,000) (unless less than Two Million Dollars ($2,000,000) is available for disbursement pursuant to the terms hereof at the time of any subsequent advance, in which case the amount of such subsequent advance shall be equal to such remaining availability) and in integral multiples of One Hundred Thousand Dollars ($100,000) above such amount. Additional restrictions on the amounts and timing of, and conditions to the making of, advances of Bid Rate Loans are set forth in Section 2.02.

Appears in 2 contracts

Samples: Revolving Loan Agreement (Taubman Realty Group LTD Partnership), Revolving Loan Agreement (Taubman Centers Inc)

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Advances, Generally. The Initial Advance shall be in the minimum amount of Two One Million Dollars ($2,000,0001,000,000) and in integral multiples of One Hundred Thousand Dollars ($100,000) above such amount and shall be made upon satisfaction of the conditions set forth in Section 4.01. Subsequent advances shall be made no more frequently than weekly thereafter, upon satisfaction of the conditions set forth in Section 4.02. The amount of each advance subsequent to the Initial Advance shall be in the minimum amount of Two One Million Dollars ($2,000,0001,000,000) (unless less than Two One Million Dollars ($2,000,0001,000,000) is available for disbursement pursuant to the terms hereof at the time of any subsequent advance, in which case the amount of such subsequent advance shall be equal to such remaining availability) and in integral multiples of One Hundred Thousand Dollars ($100,000) above such amount. Additional restrictions on the amounts and timing of, and conditions to the making of, advances of Bid Rate Loans are set forth in Section 2.02.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Vornado Realty Trust), Assignment and Assumption Agreement (Vornado Realty Lp)

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Advances, Generally. The Initial Advance shall be in the minimum amount of Two One Million Dollars ($2,000,0001,000,000) and in integral multiples of One Hundred Thousand Dollars ($100,000) above such amount and shall be made upon satisfaction of the conditions set forth in Section 4.01. Subsequent advances shall be made no more frequently than weekly thereafter, upon satisfaction of the conditions set forth in Section 4.02. The amount of each advance subsequent to the Initial Advance shall shall, subject to Section 2.13, be in the minimum amount of Two One Million Dollars ($2,000,0001,000,000) (unless less than Two One Million Dollars ($2,000,0001,000,000) is available for disbursement pursuant to the terms hereof at the time of any subsequent advance, in which case the amount of such subsequent advance shall be equal to such remaining availability) and in integral multiples of One Hundred Thousand Dollars ($100,000) above such amount. Additional restrictions on the amounts and timing of, and conditions to the making of, advances of Bid Rate Loans and Swingline Loans are set forth in Section 2.02Sections 2.02 and 2.03.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Vornado Realty Trust)

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