Advances; Interest Sample Clauses

Advances; Interest. (a) On the terms and conditions hereinafter set forth, the Borrower may, by delivery of a Funding Request to the Administrative Agent and each Managing Agent, from time to time on any Business Day during the Revolving Period, at its option, request that the Lenders make advances (each, an “Advance”) to the Borrower in an amount which, at any time, shall not exceed the Availability in effect on the related Funding Date. Upon receipt of such Funding Request, each Managing Agent shall promptly forward such request to its related Lenders. All Advances will be made in U.S. Dollars. The Borrower shall pay Interest with respect to each Advance or portion thereof for each day from and including the date such Advance is made to and excluding the date it is repaid in full in cash hereunder.
Sample 1Sample 2Sample 3See All (5)
AutoNDA by SimpleDocs
Advances; Interest. A , Agent or any of their affiliates, may, in accordance with this Agreement but in no event shall A or its Agent have any obligation to, advance funds to or on behalf of Owner or make or incur costs or expenses on behalf of Owner. Any such funds advanced to or on behalf of Owner, or any such costs or expenses or incurred by A , Agent or any of their affiliates on behalf of Owner (individually "Advance", collectively "Advances"), shall bear interest at the Market Interest Rate, as defined hereafter, accruing from and after the date advanced, made or incurred, as applicable, until paid or reimbursed in full. The Market Interest Rate shall be the rate of ten percent (10%) per annum for U.S. dollar denominated advances.
Sample 1Sample 2Sample 3See All (5)
Advances; Interest. All advances made and costs incurred by Creditor to preserve the Collateral or to discharge and pay any taxes, assessments, fees, penalties, liens or encumbrances thereon or to insure the Collateral shall be added to the unpaid balance of payments due hereunder and shall be repayable by Debtor to Creditor immediately together with interest thereon at the rate of one and one half (1.5%) percent per month, or the maximum allowable by law, whichever is less, until paid.
Sample 1
Advances; Interest. (a) Each LOC Liquidity Disbursement made by the Series 1998-1 Letter of Credit Provider shall constitute an advance to Dollar Thrifty Funding which shall initially be a Base Rate Advance in the amount of such LOC Liquidity Disbursement.
Sample 1
Advances; Interest. Upon the occurrence of any Event of Default the Landlord may cure or cause to be cured the Default at the expenses of the Tenant. If Landlord is required to pay or elects to pay any sum of money to cure the default, these monies shall be reimbursed by the Tenant to the Landlord upon demand. All sums to which Tenant is in default of payment shall bear interest at the rate of Eighteen percent (18%) per annum until paid
Sample 1

Related to Advances; Interest

  • LOANS, ADVANCES, INVESTMENTS Make any loans or advances to or investments in any person or entity, except any of the foregoing existing as of, and disclosed to Bank prior to, the date hereof.

  • Notification of Advances, Interest Rates, Prepayments and Commitment Reductions Promptly after receipt thereof, the Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder. The Agent will notify each Lender of the interest rate applicable to each Eurodollar Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate.

  • Swap Account SECTION 4.09. Tax Treatment of Swap Payments and Swap Termination Payments.

  • Advances, Investments and Loans The Borrower will not, and will not permit any of its Subsidiaries to, directly or indirectly, lend money or credit or make advances to any Person, or purchase or acquire any stock, obligations or securities of, or any other interest in, or make any capital contribution to, any other Person, or purchase or own a futures contract or otherwise become liable for the purchase or sale of currency or other commodities at a future date in the nature of a futures contract, or hold any cash or Cash Equivalents (each of the foregoing an "Investment" and, collectively, "Investments"), except that the following shall be permitted:

  • Repayments Prepayments Interest and Fees SECTION 3.1.

  • Revolving Loan Account The Agent will establish and maintain a loan account on its books (the "Revolving Loan Account") to which the Agent will (a) DEBIT (i) the principal amount of each advance under the Revolving Loan made by the Lenders hereunder as of the date made, (ii) the amount of any interest accrued on the Revolving Loan as and when due, and (iii) any other amounts due and payable by the Borrower to the Agent and/or the Lenders from time to time under the provisions of this Agreement in connection with the Revolving Loan, including, without limitation, Enforcement Costs, Fees, late charges, and service, collection and audit fees, as and when due and payable, and (b) CREDIT all payments made by the Borrower to the Agent on account of the Revolving Loan as of the date made including, without limitation, funds credited to the Revolving Loan Account from the Collateral Account. The Agent may debit the Revolving Loan Account for the amount of any Item of Payment which is returned to the Agent unpaid. All credit entries to the Revolving Loan Account are conditional and shall be readjusted as of the date made if final and indefeasible payment is not received by the Agent in cash or solvent credits. The Borrower hereby promises to pay to the order of the Agent for the ratable benefit of the Lenders, on the Revolving Credit Termination Date, an amount equal to the excess, if any, of all debit entries over all credit entries recorded in the Revolving Loan Account under the provisions of this Agreement. Any and all periodic or other statements or reconciliations, and the information contained in those statements or reconciliations, of the Revolving Loan Account shall be presumed conclusively to be correct, and shall constitute an account stated between the Agent, the Lenders and the Borrower unless the Agent receives specific written objection thereto from the Borrower and/or any Lender within thirty (30) Business Days after such statement or reconciliation shall have been sent by the Agent. Any and all periodic or other statements or reconciliations, and the information contained in those statements or reconciliations, of the Revolving Loan Account shall be final, binding and conclusive upon the Borrower in all respects, absent manifest error, unless the Agent receives specific written objection thereto from the Borrower within thirty (30) Business Days after such statement or reconciliation shall have been sent by the Agent.

  • Loans, Advances and Investments Make or permit to remain outstanding any loan or advance to, or own, purchase or acquire any stock, obligations or securities of, or any other interest in, or make any capital contribution to, any Person, or consummate any Acquisition, except that the Company or any Subsidiary may

  • Loans, Advances, Investments, Etc Make or commit or agree to make, or permit any of its Subsidiaries make or commit or agree to make, any Investment in any other Person except for Permitted Investments.

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