Common use of Advances, Payments, Prepayments and Readvances Clause in Contracts

Advances, Payments, Prepayments and Readvances. Upon each Borrower's request, and subject to the terms and conditions contained herein, CAPCO shall make Loans to each Borrower on behalf of and for the benefit of its respective Fund(s) during the Facility Period, and each Borrower may borrow, repay and reborrow Loans hereunder. The Loans shall be evidenced by a duly executed and delivered Master Grid Promissory Note in the form of EXHIBIT A. Each Loan shall be in an aggregate amount not less than One Hundred Thousand United Staxxx Xxxxxxx (X.X. $000,000) xxx xxxrements of One Thousand United States Dollars (U.S. $1,000) in excess thereof. Payment of principal and interest due with respect to each Loan shall be payable at the maturity of such Loan and shall be made in funds immediately available to CAPCO prior to 2:00 p.m. San Antonio time on the day such payment is due, or as CAPCO shall otherwise direct from time to time and, subject to the terms and conditions hereof, may be repaid with the proceeds of a new borrowing hereunder. Notwithstanding any provision of this Agreement to the contrary, all Loans, accrued but unpaid interest and other amounts payable hereunder shall be due and payable upon termination of the Facility (whether by acceleration or otherwise).

Appears in 4 contracts

Samples: Facility Agreement (Usaa Tax Exempt Fund Inc), Facility Agreement (Usaa Investment Trust), Facility Agreement (Usaa Life Investment Trust)

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Advances, Payments, Prepayments and Readvances. Upon each Borrower's request, and subject to the terms and conditions contained herein, CAPCO shall may make Loans to each Borrower on behalf of and for the benefit of its respective Fund(s) during the Facility Period, and each Borrower may at CAPCO's sole and absolute discretion, borrow, repay and reborrow Loans funds hereunder. The Loans shall be evidenced by a duly executed and delivered Master Grid Promissory Note in the form of EXHIBIT Exhibit A. Each Loan shall be in an aggregate amount not less than One Hundred Thousand United Staxxx Statex Xxxxxxx (X.X. $000,000) xxx xxxrements xxxxements of One Thousand United States Dollars (U.S. $1,000) in excess thereof. Payment of principal and interest due with respect to each Loan shall be payable at the maturity of such Loan and shall be made in funds immediately available to CAPCO prior to 2:00 2 p.m. San Antonio time on the day such payment is due, or as CAPCO shall otherwise direct from time to time and, subject to the terms and conditions hereof, may be repaid with the proceeds of a new borrowing hereunder. Notwithstanding any provision of this Agreement to the contrary, all Loans, accrued but unpaid interest and other amounts payable hereunder shall be due and payable upon termination of the Facility (whether by acceleration or otherwise).

Appears in 4 contracts

Samples: Facility Agreement (Usaa Investment Trust), Facility Agreement (Usaa State Tax Free Trust), Facility Agreement (Usaa Tax Exempt Fund Inc)

Advances, Payments, Prepayments and Readvances. Upon each Borrower's request, and subject to the terms and conditions contained herein, CAPCO shall may make Loans to each Borrower on behalf of and for the benefit of its respective Fund(s) during the Facility Period, and each Borrower may at CAPCO's sole and absolute discretion, borrow, repay and reborrow Loans funds hereunder. The Loans shall be evidenced by a duly executed and delivered Master Grid Promissory Note in the form of EXHIBIT A. Each Loan shall be in an aggregate amount not less than One Hundred Thousand United Staxxx States Xxxxxxx (X.X. $000,000) xxx xxxrements xxxxxments of One Thousand United States Dollars (U.S. $1,000) in excess thereof. Payment of principal and interest due with respect to each Loan shall be payable at the maturity of such Loan and shall be made in funds immediately available to CAPCO prior to 2:00 2 p.m. San Antonio time on the day such payment is due, or as CAPCO shall otherwise direct from time to time and, subject to the terms and conditions hereof, may be repaid with the proceeds of a new borrowing hereunder. Notwithstanding any provision of this Agreement to the contrary, all Loans, accrued but unpaid interest and other amounts payable hereunder shall be due and payable upon termination of the Facility (whether by acceleration or otherwise).

Appears in 2 contracts

Samples: Facility Agreement (Usaa Investment Trust), Facility Agreement (Usaa Tax Exempt Fund Inc)

Advances, Payments, Prepayments and Readvances. Upon each Borrower's request, and subject to the terms and conditions contained herein, CAPCO shall make Loans to each Borrower on behalf of and for the benefit of its respective Fund(s) during the Facility Period, and each Borrower may at CAPCO's sole and absolute discretion, borrow, repay and reborrow Loans funds hereunder. The Loans shall be evidenced by a duly executed and delivered Master Grid Promissory Note in the form of EXHIBIT A. Each Loan shall be in an aggregate amount not less than One Hundred Thousand United Staxxx States Xxxxxxx (X.X. $000,000) xxx xxxrements xxxxements of One Thousand United States Dollars (U.S. $1,000) in excess thereof. Payment of principal and interest due with respect to each Loan shall be payable at the maturity of such Loan and shall be made in funds immediately available to CAPCO prior to 2:00 2 p.m. San Antonio time on the day such payment is due, or as CAPCO shall otherwise direct from time to time and, subject to the terms and conditions hereof, may be repaid with the proceeds of a new borrowing hereunder. Notwithstanding any provision of this Agreement to the contrary, all Loans, accrued but unpaid interest and other amounts payable hereunder shall be due and payable upon termination of the Facility (whether by acceleration or otherwise).

Appears in 1 contract

Samples: Facility Agreement (Usaa Mutual Fund Inc)

Advances, Payments, Prepayments and Readvances. Upon each Borrower's request, and subject to the terms and conditions contained herein, CAPCO shall may make Loans to each Borrower on behalf of and for the benefit of its respective Fund(s) during the Facility Period, and each Borrower may at CAPCO's sole and absolute discretion, borrow, repay and reborrow Loans funds hereunder. The Loans shall be evidenced by a duly executed and delivered Master Grid Promissory Note in the form of EXHIBIT A. Each Loan shall be in an aggregate amount not less than One Hundred Thousand United Staxxx States Xxxxxxx (X.X. $000,000) xxx xxxrements xxxxxxents of One Thousand United States Dollars (U.S. $1,000) in excess thereof. Payment of principal and interest due with respect to each Loan shall be payable at the maturity of such Loan and shall be made in funds immediately available to CAPCO prior to 2:00 2 p.m. San Antonio time on the day such payment is due, or as CAPCO shall otherwise direct from time to time and, subject to the terms and conditions hereof, may be repaid with the proceeds of a new borrowing hereunder. Notwithstanding any provision of this Agreement to the contrary, all Loans, accrued but unpaid interest and other amounts payable hereunder shall be due and payable upon termination of the Facility (whether by acceleration or otherwise).

Appears in 1 contract

Samples: Facility Agreement (Usaa State Tax Free Trust)

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Advances, Payments, Prepayments and Readvances. Upon each Borrower's request, and subject to the terms and conditions contained herein, CAPCO shall may make Loans to each Borrower on behalf of and for the benefit of its respective Fund(s) during the Facility Period, and each Borrower may at CAPCO's sole and absolute discretion, borrow, repay and reborrow Loans funds hereunder. The Loans shall be evidenced by a duly executed and delivered Master Grid Promissory Note in the form of EXHIBIT A. Each Loan shall be in an aggregate amount not less than One Hundred Thousand United Staxxx Xxx Xxxxxxx Xxxxxxxx Xxxxxx Xxxxxx Dollars (X.X. U.S. $000,000100,000) xxx xxxrements and increments of One Thousand United States Dollars (U.S. $1,000) in excess thereof. Payment of principal and interest due with respect to each Loan shall be payable at the maturity of such Loan and shall be made in funds immediately available to CAPCO prior to 2:00 2 p.m. San Antonio time on the day such payment is due, or as CAPCO shall otherwise direct from time to time and, subject to the terms and conditions hereof, may be repaid with the proceeds of a new borrowing hereunder. Notwithstanding any provision of this Agreement to the contrary, all Loans, accrued but unpaid interest and other amounts payable hereunder shall be due and payable upon termination of the Facility (whether by acceleration or otherwise).

Appears in 1 contract

Samples: Facility Agreement (Usaa State Tax Free Trust)

Advances, Payments, Prepayments and Readvances. Upon each Borrower's request, and subject to the terms and conditions contained herein, CAPCO shall make Loans to each Borrower on behalf of and for the benefit of its respective Fund(s) during the Facility Period, and each Borrower may borrow, repay and reborrow Loans funds hereunder. The Loans shall be evidenced by a duly executed and delivered Master Grid Promissory Note in the form of EXHIBIT A. Each Loan shall be in an aggregate amount not less than One Hundred Thousand United Staxxx Xxx Xxxxxxx Xxxxxxxx Xxxxxx Xxxxxx Dollars (X.X. U.S. $000,000100,000) xxx xxxrements and increments of One Thousand United States Dollars (U.S. $1,000) in excess thereof. Payment of principal and interest due with respect to each Loan shall be payable at the maturity of such Loan and shall be made in funds immediately available to CAPCO prior to 2:00 2 p.m. San Antonio time on the day such payment is due, or as CAPCO shall otherwise direct from time to time and, subject to the terms and conditions hereof, may be repaid with the proceeds of a new borrowing hereunder. Notwithstanding any provision of this Agreement to the contrary, all Loans, accrued but unpaid interest and other amounts payable hereunder shall be due and payable upon termination of the Facility (whether by acceleration or otherwise).

Appears in 1 contract

Samples: Facility Agreement (Usaa State Tax Free Trust)

Advances, Payments, Prepayments and Readvances. Upon each Borrower's request, and subject to the terms and conditions contained herein, CAPCO shall may make Loans to each Borrower on behalf of and for the benefit of its respective Fund(s) during the Facility Period, and each Borrower may at CAPCO's sole and absolute discretion, borrow, repay and reborrow Loans funds hereunder. The Loans shall be evidenced by a duly executed and delivered Master Grid Promissory Note in the form of EXHIBIT A. Each Loan shall be in an aggregate amount not less than One Hundred Thousand United Staxxx States Xxxxxxx (X.X. $000,000) xxx xxxrements xxxxements of One Thousand United States Dollars (U.S. $1,000) in excess thereof. Payment of principal and interest due with respect to each Loan shall be payable at the maturity of such Loan and shall be made in funds immediately available to CAPCO prior to 2:00 2 p.m. San Antonio time on the day such payment is due, or as CAPCO shall otherwise direct from time to time and, subject to the terms and conditions hereof, may be repaid with the proceeds of a new borrowing hereunder. Notwithstanding any provision of this Agreement to the contrary, all Loans, accrued but unpaid interest and other amounts payable hereunder shall be due and payable upon termination of the Facility (whether by acceleration or otherwise).

Appears in 1 contract

Samples: Facility Agreement (Usaa Mutual Fund Inc)

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