Common use of Advances, Generally Clause in Contracts

Advances, Generally. The amount of each advance hereunder shall, subject to Section 2.13, be at least Twenty Million Dollars ($20,000,000) (unless less than Twenty Million Dollars ($20,000,000) is available for disbursement pursuant to the terms hereof at the time of any advance, in which case the amount of such advance shall be equal to such remaining availability) and in an integral multiple of One Hundred Thousand Dollars ($100,000). Each advance shall be subject, in addition to the limitations and conditions applicable to advances of the Loans generally, to Administrative Agent’s receipt, in accordance with the timing requirements of Section 2.05 with respect to requests for advances, a Notice of Borrowing.

Appears in 2 contracts

Samples: Credit Agreement (JBG SMITH Properties), Credit Agreement (JBG SMITH Properties)

AutoNDA by SimpleDocs

Advances, Generally. The amount of each advance hereunder shall, subject to Section 2.13, be at least Twenty One Million Dollars ($20,000,0001,000,000) (unless less than Twenty One Million Dollars ($20,000,0001,000,000) is available for disbursement pursuant to the terms hereof at the time of any advance, in which case the amount of such advance shall be equal to such remaining availability) and in an integral multiple of One Hundred Thousand Dollars ($100,000). Each advance shall be subject, in addition to the limitations and conditions applicable to advances of the Loans generally, to Administrative Agent’s receipt, in accordance with the timing requirements of Section 2.05 with respect to requests for advances, a Notice of Borrowing.

Appears in 2 contracts

Samples: Credit Agreement (JBG SMITH Properties), Credit Agreement (JBG SMITH Properties)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.