Agreement to Advance Sample Clauses

Agreement to Advance. The Creditor agrees to advance to the Debtor's nominated broker specified as such in Part 1, to the credit of the Debtor, the Total Advances, when the Debtor has satisfied, in the Creditor's opinion, all the Creditor's initial requirements in relation to this Agreement. The Total Advances may only be used to pay all or part of the Premium.
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Agreement to Advance. Subject to the provisions of this Agreement the Lender agrees to make available the Loan to the Borrower in several Advances in an amount not exceeding $30,000,000 which Advances are to be on lent by the Borrower to the Guarantor and applied by the Guarantor (i) in or towards payment of the second, third and fourth instalments payable to the Seller under the Building Contract and (ii) in or towards refinancing the Pre-Delivery Advances and in payment of the delivery instalment payable to the Seller under the Building Contract on the Delivery Date.
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Agreement to Advance. Upon Borrower's compliance with the requirements of Lender set forth in this Agreement and subject to the terms and conditions hereof, Lender shall advance to Borrower a total amount not to exceed four million one hundred twenty-five thousand dollars and no cents ($4,125,000.00) in increments as set forth below. Borrower agrees that advances of the Loan Amount shall be made only for the following purposes, in the following increments, in compliance with the terms hereof: a. Purchase Price - ninety percent of authorized, issued Common Stock of Casino xx Xxxxxxxx from the owner of Casino xx Xxxxxxxx (advanced October 28, 1997) $821,074.24 b. Recapitalization of Casino xx Xxxxxxxx $250,000 c. Recapture of costs incurred by Borrower associated with Casino xx Xxxxxxxx $172,000 d. Acquisition fee - Florida Transaction $250,000 e. Funds to operate Florida Casino - Florida Transaction $100,000 f. Money to fund the "cage" - Florida Transaction $100,000 As is set forth in paragraphs 3 and 9, $800,018.30 of this amount was repaid on December 18, 1997. Such sum may be readvanced in compliance with this Agreement.
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Agreement to Advance. Subject to the provisions of this Agreement, the Lenders agree to make the Loan available to the Borrower.
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Agreement to Advance. Subject to the provisions of this Agreement the Lender agrees to make available the Loan to the Borrowers in the maximum amount of $9,900,000 and to be divided into 2 Tranches as follows: 2.1.1 a Tranche in the amount of $4,950,000 which is to be applied by Lemannville Navigation Inc. in using as a deposit and in paying part of the purchase price due to the Seller under the relevant MOA upon delivery of Hull No. 2143 to Lemannville Navigation Inc.; and 2.1.2 a Tranche in the amount of $4,950,000 which is to be applied by Turneville Nagivation Inc. in using as a deposit and in paying part of the purchase price due to the Seller under the relevant MOA upon delivery Hull No. 2198 to Turneville Navigation Inc.
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Agreement to Advance. Subject to the terms and conditions hereof, the Bank agrees to make two Advances to the Borrower on any Banking Date during the period from the Effective Date until July 31, 2011, in an amount not to exceed, in the aggregate, sixteen million United States Dollars (US$16,000,000)(the "Loan"). Amounts repaid cannot be redrawn.
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Agreement to Advance. Purpose. Upon Borrower's compliance with the requirements of Lenders set forth in this Agreement and subject to the terms and conditions hereof, Value Partners shall advance a total amount not to exceed $1,825,000.00 and Price, a total amount not to exceed $1,825,000.00, as evidenced by their respective Notes and Borrower shall repay such sums pursuant to the terms of the Loan Documents. The proceeds of this loan are to be used by Borrower solely (a) to fund the purchase of The Money Centre, Inc. ("MCI") on July 15, 1999, a North Carolina corporation, together with its successors pursuant to the terms of that certain Stock Purchase Agreement dated as of July 7, 1999, by and among the Borrower, MCI and each of the shareholders of MCI, and (b) to pay legal fees and expenses of counsel to the Lenders in the sum of $150,000.00 incurred by Lenders to date in negotiating this and other transactions between Borrower and Lenders. The sum of $150,000.00 payable to such counsel shall be paid directly by Lenders ($75,000.00 each) to such counsel and shall be deemed an advance of that portion of the loan amount to Borrower.
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Agreement to Advance. Upon the satisfaction of each of the conditions hereinafter set forth, Lender agrees to advance to Borrower the Loan proceeds on or before October 31, 1995.
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Agreement to Advance. The Authority agrees to make a cash advance to the Borrower for an amount equal to the Facility Limit on the terms of the Facility Documents and the Program.
Sample 1

Related to Agreement to Advance

  • Agreement to Advance Funds The Investor agrees to advance the amount specified in the Advance Notice to the Company after the completion of each of the following conditions and the other conditions set forth in this Agreement: (a) the execution and delivery by the Company, and the Investor, of this Agreement and the Exhibits hereto; (b) The Escrow Agent shall have received the shares of Common Stock applicable to the Advance in accordance with Section 2.3. Such shares shall be free of restrictive legends. (c) the Company's Registration Statement with respect to the resale of the Registrable Securities in accordance with the terms of the Registration Rights Agreement shall have been declared effective by the SEC; (d) the Company shall have obtained all material permits and qualifications required by any applicable state for the offer and sale of the Registrable Securities, or shall have the availability of exemptions therefrom. The sale and issuance of the Registrable Securities shall be legally permitted by all laws and regulations to which the Company is subject; (e) the Company shall have filed with the Commission in a timely manner all reports, notices and other documents required of a "reporting company" under the Exchange Act and applicable Commission regulations; (f) the fees as set forth in Section 12.4 below shall have been paid or can be withheld as provided in Section 2.3; and (g) the conditions set forth in Section 7.2 shall have been satisfied. (h) the Company shall have provided to the Investor an acknowledgement, from the Company's independent certified public accountants as to its ability to provide all consents required in order to file a registration statement in connection with this transaction; (i) The Company's transfer agent shall be DWAC eligible.

  • Conditions Precedent to Advances Notwithstanding any other provision of this Agreement or the Other Agreements and without affecting in any manner the rights of Lender under this Agreement, it is understood and agreed that Lender shall have no obligation to make any advance under this Agreement unless and until the following conditions have been, and continue to be, satisfied, all in form and substance reasonably satisfactory to Lender and its counsel: (a) Lender shall have received, on or prior to the Closing Date unless otherwise indicated, the following documents: (i) the Notes, duly executed and delivered; (ii) evidence of the qualification and good standing of Borrower in each state in which it is required to be qualified to do business except where its failure to qualify or its lack of good standing would not have a material. adverse affect on Borrower or its ability to conduct its business as currently conducted; (iii) certified copies of the resolutions of the Board of Directors of Borrower (a) authorizing the Loans and the Hedge Agreement, and (b) authorizing execution and delivery of this Agreement and the Other Agreements by officers of the Borrower; (iv) certificates of the secretary of the Borrower certifying to the Lender the names of its officers, the offices that each holds, the authenticity of their signatures, and the completeness and accuracy of its articles of incorporation and bylaws; (v) an opinion of Borrower’s counsel, duly executed and delivered; and (vi) the Other Agreements, duly executed and delivered; (b) Borrower shall have executed and delivered such additional documents and instruments as have been requested by Lender; (c) the representations and warranties contained herein shall be true on and as of the Closing Date, and there shall exist on the Closing Date no Default or Event of Default; (d) the advances on the terms and conditions herein provided (including the use by Borrower of the proceeds of the advances) shall not violate any applicable law or governmental regulation (including, without limitation, Regulations G, T, U and X of the Board of Governors of the Federal Reserve System) and shall not subject Lender to tax (other than income and franchise taxes) and Lender shall have received such certificates or other evidence as Lender may reasonably request to establish compliance with this condition; and (e) all corporate and other proceedings taken or to be taken in connection with the transactions contemplated hereby and all documents incident thereto shall be in substance and form reasonably satisfactory to Lender and its counsel, and Lender and its counsel shall have received all such counterpart originals or certified or other copies of such documents as Lender or its counsel may reasonably request.

  • NO ADVANCE PAYMENT No advance payments shall be made for any products or services furnished by Contractor pursuant to this Master Contract.

  • Conditions to Advances The obligation of Lender to make each Advance hereunder, shall be subject to the prior or simultaneous occurrence or satisfaction of each of the following conditions: (a) The Loan Documents shall be and remain outstanding and enforceable in accordance with their terms, all as required hereunder. (b) Lender shall have received a title report dated within two (2) days of the requested Advance from the Title Company showing no state of facts (other than the Permitted Exceptions) objectionable to Lender, including, but not limited to, a showing that title to the Land is vested in Global and that no claim for mechanics’ or materialmen’s liens has been filed against the Mortgaged Property. (c) The representations and warranties made by Borrower, as contained in this Agreement and in all other Loan Documents shall be true and correct as of the date of each Advance; and if requested by Lender, Borrower shall give to Lender a certificate to that effect. (d) The covenants made by Borrower to Lender, as contained in this Agreement and in all other Loan Documents shall have been fully complied with, except to the extent such compliance may be limited by the passage of time or the completion of construction of the Improvements. (e) The Improvements shall not have been materially injured, damaged or destroyed by fire or other uninsured casualty, nor shall any part of the Mortgaged Property be subject to condemnation proceedings or negotiations for sale in lieu thereof. (f) Borrower shall have complied with all requirements of the Inspecting Person and all Governmental Authorities. (g) There shall exist no formal claim or dispute between Contractor and any contractor, subcontractor or materialmen as to monies owed in connection with any labor or materials furnished in connection with the construction of the Improvements. (h) There shall exist no default or breach by any obligated party (other than the Lender) under the Loan Documents, provided however, to the extent that any grace or cure period is applicable to such a default or breach, the Lender shall be under no obligation to make an Advance unless and until said default or breach is cured to the reasonable satisfaction of the Lender.

  • Right to Advancement of Expenses In addition to the right to indemnification conferred in Section 7.1 of this Article 7, an indemnitee shall also have the right to be paid by the Corporation the expenses (including attorney’s fees) incurred in defending any such proceeding in advance of its final disposition (hereinafter an “advancement of expenses”); provided, however, that, if the Delaware General Corporation Law requires, an advancement of expenses incurred by an indemnitee in his or her capacity as a director or officer (and not in any other capacity in which service was or is rendered by such indemnitee, including, without limitation, service to an employee benefit plan) shall be made only upon delivery to the Corporation of an undertaking (hereinafter an “undertaking”), by or on behalf of such indemnitee, to repay all amounts so advanced if it shall ultimately be determined by final judicial decision from which there is no further right to appeal (hereinafter a “final adjudication”) that such indemnitee is not entitled to be indemnified for such expenses under Section 7.1 or otherwise.

  • Step Advancement Each faculty member will be granted one (1) increment on the salary schedule each year up to the maximum allowed. To qualify for advancement one (1) step on the salary schedule, employees must have been employed in a paid status or on any form of medical leave (FMLA, CFRA, etc.), or on military leave seventy-five percent (75%) or more of the school days in a school year.

  • Termination; Advance Payments Upon termination of this Lease pursuant to Paragraph 6.2(g) or Paragraph 9, an equitable adjustment shall be made concerning advance Base Rent and any other advance payments made by Lessee to Lessor. Lessor shall, in addition, return to Lessee so much of Lessee's Security Deposit as has not been, or is not then required to be, used by Lessor.

  • Disbursement of Advance Proceeds All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or Lenders, shall be charged to Borrowers' Account on Agent's books. During the Term, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's operating account at PNC, or such other bank as Borrowing Agent may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.

  • ADVANCE PAYMENT PROHIBITED Except as authorized by law, Contractor shall not request or receive advance payment for any Goods and/or Services furnished by Contractor pursuant to this Contract.

  • Advance Payment The right to indemnification conferred in this Article VII shall include the right to be paid or reimbursed by the Company the reasonable expenses incurred by a Person of the type entitled to be indemnified under Section 7.3 who was, is or is threatened to be made a named defendant or respondent in a Proceeding in advance of the final disposition of the Proceeding and without any determination as to the Person’s ultimate entitlement to indemnification; provided, however, that the payment of such expenses incurred by any such Person in advance of the final disposition of a Proceeding shall be made only upon delivery to the Company of a written affirmation by such Person of his or her good faith belief that he has met the standard of conduct necessary for indemnification under Article VII and a written undertaking, by or on behalf of such Person, to repay all amounts so advanced if it shall ultimately be determined that such indemnified Person is not entitled to be indemnified under this Article VII or otherwise.

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