Advances; Use of Proceeds. (a) Subject to the satisfaction or waiver of the conditions to the Purchase of a Portfolio Investment and/or an Advance set forth in Section 1.03 as of (i) both the related Trade Date and Settlement Date and/or (ii) the Advance date, as applicable, the Lenders will (ratably in accordance with their respective Financing Commitments) make the applicable Advance available to the Company on the related Settlement Date (or otherwise on the related Advance date if no Portfolio Investment is being acquired on such date) as provided herein.
Advances; Use of Proceeds. (a) Subject to the satisfaction or waiver of the conditions to the Purchase of a Portfolio Investment set forth in Section 1.03 and/or an Advance set forth in Section 2.05 as of (i) both the related Trade Date and Settlement Date and/or (ii) the Advance date, as applicable, the Lenders will (ratably in accordance with their respective Financing Commitments) make the applicable Advance available to the Company on the related Settlement Date (or otherwise on the related Advance date if no Portfolio Investment is being acquired on such date) as provided herein. If the Company requests an Advance for application to a Permitted Distribution, the Lenders will (ratably in accordance with their respective Financing Commitments) make the applicable Advance available to the Company on the date requested by the Company subject to the satisfaction or waiver of the conditions to Advance set forth in Section 2.05.
Advances; Use of Proceeds. All funds to be advanced by the Line of Credit Lender to the Borrower under this Agreement (each an “Advance” and collectively, the “Advances”) shall be made by Line of Credit Lender to the Borrower under the following conditions:
Advances; Use of Proceeds. (a) Subject to the satisfaction or waiver of the conditions to the Purchase of a Portfolio Investment set forth in Section 1.03 and/or an Advance set forth in Section 2.05 as of (i) both the related Trade Date and/or (ii) the Advance date, as applicable, the Lenders will (ratably in accordance with their respective Financing Commitments) make the applicable Advance available to the Company (if a Portfolio Investment is being acquired on such date, in the same Eligible Currency as such Portfolio Investment) on the related Settlement Date (or otherwise on the related Advance date if no Portfolio Investment is being acquired on such date) as provided herein.
Advances; Use of Proceeds. (i) In order to request an Advance from Buyers, the Company shall present the Buyers with a Wire Transfer Request attached herewith as Exhibit C, requesting Buyers to wire an amount (the “Requested Amount”) of the Offering Proceeds directly to one or more of the Company’s suppliers of inventory for the Company (each, a “Supplier”), as identified by the Company. The aggregate Requested Amount requested from all Buyers shall not exceed the amount that the Company owes to the Supplier for inventory previously provided or to be provided to the Company within the subsequent 30 days. Following receipt of a Wire Transfer Request, subject to the Buyer Limit (as defined below) the Buyer may wire any amount up to the Requested Amount to the specified Supplier, on the Company’s behalf, pursuant to the instructions provided by the Company, and any such amounts shall be considered as an Advance of Offering Proceeds by the Buyer to the Company.
Advances; Use of Proceeds. (a) Subject to the satisfaction or waiver of the conditions to the Purchase of a Portfolio Investment set forth in Section 1.03 as of the related Trade Date and, with respect to Sections 1.03(3) and (5), on the Settlement Date, the Lenders will make Advances available to the Company on the related Settlement Date (or otherwise on the related specified borrowing date if no Portfolio Investment is being acquired on such date) as provided herein. In the event that, on the Effective Date, the Company has acquired any Portfolio Investments under the Sale Agreement that will not settle on the Effective Date, each Lender shall deposit its pro rata share of the portion of the First Advance that will be used to pay the cash purchase price of each such Portfolio Investment in the Collection Account as described above and, upon such deposit, such amounts so deposited will constitute Advances hereunder; provided that such amounts may not be transferred from the Collection Account except to pay such cash purchase price on each related Settlement Date upon satisfaction of the conditions set forth in this Section 2.03(a) (and will be repaid to the Lenders if any such settlement does not occur as and to the extent set forth in this Agreement).
Advances; Use of Proceeds. (a) Subject to the satisfaction or waiver of the conditions to an Advance set forth in Section 2.04 as of the Advance date, the Lenders will (ratably in accordance with their respective Financing Commitments) make the applicable Advance available to the Company on the related Advance date as provided herein.
Advances; Use of Proceeds. Advances of principal under the Revolving Loan shall be made upon written or telephone request by Borrower to Bank prior to 3:00 p.m. (Omaha time) on any Business Day. Each request for an Advance under the Revolving Loan shall be deemed a representation that the statements set forth in Section 4.2 are correct and that the proceeds of the requested Advance will be used for purposes permitted below. Upon fulfillment of all applicable conditions set forth in Article 4 of this Agreement and this Section 2.1, bank will disburse the amount of the requested Advance under the Revolving Loan to Borrower. In lieu of the foregoing, Bank and Borrower may enter into a cash management arrangement whereby Bank shall monitor the daily balance of Borrower's demand deposit accounts and make Advances when there is a negative balance or make a payment on the Revolving Loan when there is a positive balance. Any such arrangement shall not relieve Borrower of any of its obligations under this Agreement. On the terms and subject to the conditions hereof, Borrower may from time to time prior to the Revolving Loan Commitment Termination Date, borrow, prepay without penalty and reborrow funds under the Revolving Loan. The proceeds of the Revolving Loan shall be used to fund acquisitions including repurchases of capital stock of Borrower and capital expenditures by Borrower and for working capital. Bank's obligation to make Advances under the Revolving Loan under this Agreement shall terminate on the Revolving Loan Stated Maturity Date.
Advances; Use of Proceeds. (a) Subject to the satisfaction or waiver of the conditions to the Purchase of a Portfolio Investment set forth in Section 1.03 and/or an Advance set forth in Section 2.05 as of (i) both the related Trade Date and Settlement Date and/or (ii) the Advance date, as applicable, the Lenders will (ratably in accordance with their respective Financing Commitments) make the applicable Advance available to the Company on the related Settlement Date (or otherwise on the related Advance date if no Portfolio Investment is being acquired on such date) as provided herein. If the Company requests an Advance for application to a Permitted Distribution, the Lenders will (ratably in accordance with their respective Financing Commitments) make the applicable Advance available to the Company on the date requested by the Company subject to the satisfaction or waiver of the conditions to Advance set forth in Section 2.05. (b) Except as expressly provided herein, the failure of any Lender to make any Advance required hereunder shall not relieve any other Lender of its obligations hereunder. If any Lender shall fail to provide any Advance to the Company required hereunder, then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Xxxxxx's obligations hereunder until all such unsatisfied obligations are fully paid. (c) Subject to Section 2.03(f), the Company shall use the proceeds of the Advances received by it hereunder to (x) purchase the Portfolio Investments identified in the related Notice of Acquisition, (y) make advances to the obligor of Delayed Funding Term Loans or Revolving Loans in accordance with the underlying instruments relating thereto or (z) make a Permitted Distribution specified in the related Request for Advance; provided that, if the proceeds of an Advance are deposited in the Principal Collection Account or an applicable Permitted Non-USD Currency Principal Collection Account as provided in Section 3.01 prior to or on the Settlement Date for any Portfolio Investment but the Company is unable to Purchase such Portfolio Investment on the related Settlement Date, or if there are proceeds of such Advance remaining after such Purchase, then, subject to Section 3.01(a), upon written notice from the Servicer the Collateral Agent shall apply such proceeds (x) subject to the conditions to the Purchase of a Portfo...
Advances; Use of Proceeds
