Advances; Limitations and Limits. In addition to any other provision hereof, Lenders shall not be obligated to make an Advance to the Borrower, and no Lender shall be obligated to fund any Loan to the Disbursement Agent, if, after giving effect to such Advance or Funding, (i) the aggregate outstanding amount of Loans would exceed the Aggregate Commitment Amount, (ii) the aggregate amount of funds so provided by such Lender or Funding would exceed the amount of its Commitment in the aggregate or (iii) the aggregate amount of funds so provided by such Lender or Funding would exceed the amount of its Allocated Commitment with respect to the Type of Equipment or the Aircraft to be funded with such Advance. There shall be no more than one Advance made during any calendar month, which shall be made on the Advance Date occurring in such month. Each Advance shall be in a minimum amount not less than the lesser of $1,000,000 or the combined available Commitment of all of the Lenders with respect to such Type of Equipment or such other amount as the Borrower and Collateral Agent shall agree. All remittances made by Lenders for the funding of any Advance (other than on the Initial Advance Date) shall be made in immediately available federal funds by wire transfer to the Collection Account for deposit not later than 12:00 p.m. New York time, on the applicable Advance Date. The Funding by each Lender to the Collection Account of its respective portion of an Advance shall constitute authorization and direction by such party to Disbursement Agent to make an advance pursuant to the Operative Documents.
Advances; Limitations and Limits. Notwithstanding the foregoing, (i) the Funding by each Participant on such Advance Date shall not exceed such Participant's Available Commitment, (ii) the Advance made by the Administrative Agent to Lessee on such Advance Date, together with all prior outstanding Advances, shall not exceed the Aggregate Commitment Amount and (iii) the aggregate amount of Advances used to pay Eligible Transaction Expenses and accrued Fees or to reimburse Lessee for Eligible Transaction Expenses as set forth on the Advance Requests shall not exceed at any time 2% of the Aggregate Commitment Amount. Each Advance shall be used solely (i) to reimburse Construction Agent for any Construction Costs paid by Construction Agent prior to the date of the Advance Request for such Advance for which Construction Agent has not previously been reimbursed hereunder or to pay Construction Costs which are due and payable on or prior to the proposed Advance Date and (ii) to fund Capitalized Tranche A and Tranche B Basic Rent, Capitalized Tranche C Equity Basic Rent and to pay accrued Fees and Transaction Expenses provided for, and in the manner set forth, in Section 4.1(b) and Section 15.15. The initial Advance Date shall occur on or before November 1, 1999. Each Advance Date shall be on a Business Day, and there shall be no more than one Advance Date during any calendar month. Each Advance made on a Advance Date shall be in a minimum amount equal to $1,000,000 (except for the initial Advance, which shall be in a minimum amount of $500,000), or an integral multiple of $100,000 in excess thereof, provided, that so long as an Advance is for the full amount of the aggregate Available Commitment and exceeds the minimum threshold of $1,000,000, such Advance need not be in an integral multiple of $100,000. All Fundings made by Participants for the Funding of any Advance shall be made in immediately available federal funds by wire transfer to the Administrative Agent at the Administrative Agent's address referred to in Schedule II hereto. In the case of Fundings by the Committed Participants, such Funds shall be remitted to the Administrative Agent prior to 12:00 noon (New York, New York time) on the Advance Date specified in the relevant Advance Request and, in the case of a Funding by the Tranche A1 Participant, such Funds shall be remitted to the Administrative Agent promptly following such Participant's receipt of sufficient proceeds from its issuance of Commercial Paper. Notwithstanding the fore...
Advances; Limitations and Limits. (i) Pursuant to Section 3.2, each Advance shall be used solely to (A) reimburse Lessee for amounts previously advanced in respect of, and to pay directly, Project Costs which Lessee certifies in the Advance Request for such Advance will be incurred and become payable within the thirty (30) day period following the date of such Advance, and (B) Fund Capitalized Yield, Capitalized Fees and Capitalized Contingent Rent provided for, and in the manner set forth, at Section 3.2.
Advances; Limitations and Limits. (i) Pursuant to Section 3.2, each Advance shall be used solely for the purposes set forth at Section 3.2(a) hereof.
Advances; Limitations and Limits. (i) Pursuant to Section 3.2, each Advance shall be used solely to (A) pay Project Costs previously incurred or to reimburse Lessee for amounts previously advanced in respect of, and to pay directly, Project Costs which Lessee certifies in the Advance Request for such Advance will be incurred and become payable within the thirty (30) day period following the date of such Advance, (B) Fund Capitalized Yield, Capitalized Fees and Capitalized Contingent Rent provided for, and in the manner set forth, in Section 3.2 and (C) to reimburse Lessor for previously funded Specified Payments (as defined in the Agency and Indemnity Agreement), plus interest thereon, pursuant to Section 15 of the Agency and Indemnity Agreement.
Advances; Limitations and Limits. In addition to any other provision hereof, Certificate Trustee shall not be obligated to make an Advance to Lessee, and no Lender shall be obligated to fund any Loan, and no Certificate Purchaser shall be required to fund any Certificate Amount on any Advance Date if, after giving effect to such Advance, (i) the aggregate outstanding amount of Loans and Certificate Amounts would exceed the Commitment Amount or (ii) the aggregated amount of funds so provided by such Participant would exceed the amount of its Commitment. LSI Trust No. 2001-A Participation Agreement There shall be no more than one Advance made during any calendar month, which shall be made on the Advance Date occurring in such calendar month, and no more than 12 Advances in the aggregate. Each Advance shall be in a minimum amount not less than the lesser of $2,000,000 or the combined available Commitment of all of the Participants or such other amount as Lessee and Agent shall agree. All remittances made by Certificate Purchasers and Lenders for the funding of any Advance shall be made in immediately available federal funds by wire transfer to Agent for deposit not later than 9:00 a.m. California time, on the applicable Advance Date. The funding by each Certificate Purchaser and each Lender to Agent of its respective portion of an Advance shall constitute authorization and direction by such party to Agent to make an Advance on behalf of Certificate Trustee pursuant to the Operative Documents.
Advances; Limitations and Limits. In addition to any other provision hereof, Lessor shall not be obligated to make the Advance, and no Lender shall be obligated to Fund any Loan and no Certificate Holder shall be required to Fund any Certificate Amount, if, after giving effect to the Advance, the aggregate outstanding amount of the Loans and the Certificate Amounts would exceed the aggregate amount of the Available Commitments immediately prior to the Advance.
Advances; Limitations and Limits. In addition to any other provision hereof, no Lender shall be obligated to provide the proceeds of its respective Advance to the Borrower, if, after giving effect to such Advance, (i) the sum of (A) the Loan Balance and (B) the aggregate remaining payments for the Purchase Price of the Items of Equipment (and, subject to the limitations set forth in Section 2.2(a)(ii), related Soft Costs and Transaction Costs) for which progress payments have been made or will be made from the proceeds of such Advance, would exceed the Aggregate Commitment Amount or (ii) the aggregate principal amount of such Lender’s Loan would exceed the amount of its Commitment. There shall be no more than two (2) Advances made by each Lender during any calendar month. The aggregate principal amount of each Advance made by the Lenders shall not be less than $2,500,000.00, or such lesser amount equal to the Unfunded Amount as of the applicable Advance Date. No Advances shall be made after the last day of the Commitment Period. Once repaid or prepaid, the Loan may not be reborrowed.
Advances; Limitations and Limits. The second paragraph of Section 3.1(d) of the Participation Agreement is hereby amended by replacing the second sentence thereof with the following: "The final Advance (the "Final Advance") shall occur on the Base Term Commencement Date to pay Construction Costs consisting solely of Capitalized Yield, Fees and Transaction Expenses as set forth in an Advance Request delivered by Lessee pursuant to Section 3.4(a) on December 11, 2001 prior to the Final Advance. Immediately following the Final Advance, GE and the Participants will cause the GE Assignment to take effect pursuant to the GE Assignment Agreement. Each Advance made on an Advance Date shall be in a minimum amount equal to $1,000,000 (except for (i) the initial Advance, which shall be in a minimum amount of $500,000 and (ii) the Final Advance, which shall not be subject to a minimum amount requirement), or an integral multiple of $100,000 in excess thereof, provided, that so long as an Advance is for the full amount of the aggregate Available Commitment and exceeds the minimum threshold of $1,000,000, such Advance need not be in an integral multiple of $100,000."
Advances; Limitations and Limits. (i) Pursuant to Section 3.2, the Advance shall be used solely to pay Participant Costs.
