Amount and Terms of the Loan; the Note Sample Clauses

Amount and Terms of the Loan; the Note. The Issuer agrees, subject to the terms and conditions in this Agreement, to lend to the Borrower the proceeds from the sale of the Project Bonds. Such proceeds (after deducting the Original Purchaser’s bond discount, if any) shall be deposited with the Trustee and disbursed, after deducting the Bond Fund Payment as provided in the Indenture, in accordance with the provisions of Section 4.2 hereof in payment of costs of the Project and costs of issuance and sale of the Project Bonds. Concurrently with the issuance of the Project Bonds, the Borrower agrees to and shall execute and deliver a Note in substantially the form attached hereto as Exhibit A, evidencing the obligation of the Borrower to repay the Loan made by the Issuer. Such Note shall be dated the date of authentication and delivery of the Project Bonds, shall be payable to the order of the Issuer for the principal amount of the Loan, and shall be payable in the amounts and at the rates set forth in such Note. Such amounts of principal, interest and premium, if any, shall together constitute the Loan Payments. The Borrower shall, simultaneously with the delivery of the Project Bonds and the Note, deliver or cause to be delivered the Letter of Credit and Confirming Letter of Credit to the Trustee. The Borrower agrees that it will not, either by its action or inaction, in any way adversely affect the continuation or effectiveness of either the Letter of Credit or the Confirming Letter of Credit. All Loan Payments made hereunder on account of principal of and interest and any premium on the Note shall be made directly to the Trustee at its corporate trust office for the account of the Issuer, for deposit in the Reimbursement Account in the Bond Fund, in accordance with the terms of the Note; provided, however, that, notwithstanding anything in this paragraph to the contrary, so long as the Letter of Credit or an Alternate Letter of Credit consisting of a direct-pay letter of credit with respect thereto shall be in effect, Loan Payments shall be made by the Borrower directly to the Bank. The Borrower shall have the right to prepay the Loan in full and in part and without premium or penalty but with accrued interest to the date of such prepayment on the amount prepaid, upon the happening of an event described in Section 8.2(a), (b) or (c) of this Agreement. Prior to conversion to a Fixed Interest Rate, the Bonds are subject to optional redemption in whole or in part in integral multiples of $5,000 (pro...
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Related to Amount and Terms of the Loan; the Note

  • Amount and Terms of the Loan Subject to the terms of this Agreement:

  • Amount and Terms of the Loans 2.1 Commitments 25 2.2 Borrowings 26 2.3 Disbursements; Funding Reliance; Domicile of Loans 29 2.4 Evidence of Debt; Notes 30

  • Amount and Terms of Loan 1.1 Subject to the terms and conditions of this Agreement, the Lenders agree to loan to the Borrower, and the Borrower agrees to borrow from Lenders, funds in an aggregated principal amount of up to Five Million Two Hundred Thousand US Dollars ($5,286,306.25) (the "Loan"), in installments of One Hundred Thousand Dollars or greater (each a "Loan Disbursement").

  • Amount and Terms of the Commitment Section 2.01. The Advances ................................................................... 7 Section 2.02. Making the Advances ............................................................ 7 Section 2.03. Fees ........................................................................... 9 Section 2.04. Reduction or Termination of the Maximum Commitment ............................. 9 Section 2.05. Repayments of Interest Advances or the Final Advance ........................... 9 Section 2.06. Repayments of Provider Advances ................................................ 10 Section 2.07. Payments to the Liquidity Provider Under the Intercreditor Agreement ........... 11 Section 2.08. Book Entries ................................................................... 11 Section 2.09. Payments from Available Funds Only ............................................. 11 Section 2.10. Extension of the Expiry Date: Non-Extension Advance ........................... 11

  • Amount and Terms of Loans 32 2.1 Loans..........................................................................................32 2.2

  • Amount and Terms of the Credit Facility 2.1. The Commitments; Increase in Total Commitments. (a) Subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars to the Borrower from time to time during the Commitment Period in an aggregate principal amount at any one time outstanding that will not result in such Lender’s Exposure exceeding such Lender’s Commitment. During the Commitment Period the Borrower may use the Commitments by borrowing, prepaying the Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. Notwithstanding anything to the contrary in this Agreement, in no event may Loans be borrowed under this Section 2.1 if, after giving effect thereto, the aggregate principal amount (a) of the Total Exposures at such time would exceed the Total Commitments then in effect or (b) the Exposure of any Lender at such time would exceed such Lender’s Commitment. The Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.6. The respective obligations of the Lenders under this Agreement are several and not joint and no Lender shall be responsible for the failure of any other Lender to satisfy its obligations hereunder.

  • Amount and Terms of the Commitments 30 Section 2.1. General Description of Facilities 30 Section 2.2. Revolving Loans 31 Section 2.3. Procedure for Revolving Borrowings 31 Section 2.4. Swingline Commitment 31 Section 2.5. Funding of Borrowings 33 Section 2.6. Interest Elections 33 Section 2.7. Optional Reduction and Termination of Commitments 34 Section 2.8. Repayment of Loans 35 Section 2.9. Evidence of Indebtedness 35 Section 2.10. Optional Prepayments 35 Section 2.11. Mandatory Prepayments 36 Section 2.12. Interest on Loans 36 Section 2.13. Fees 37 Section 2.14. Computation of Interest and Fees 38 Section 2.15. Inability to Determine Interest Rates 38 Section 2.16. Illegality 38 Section 2.17. Increased Costs 39 Section 2.18. Funding Indemnity 40 Section 2.19. Taxes 40 Section 2.20. Payments Generally; Pro Rata Treatment; Sharing of Set-offs 43 Section 2.21. Letters of Credit 45 Section 2.22. Increase of Commitments; Additional Lenders 49 Section 2.23. Mitigation of Obligations 52 Section 2.24. Replacement of Lenders 52 Section 2.25. Defaulting Lenders 53 Section 2.26. All Obligations to Constitute Joint and Several Obligations 54 ARTICLE III

  • Amount and Terms of Commitment Each Lender severally agrees, on the terms and subject to the conditions hereinafter set forth,

  • Amount and Terms of Credit 1.1 Credit Facilities

  • The Loans Amount and Terms Section 2.1 Revolving Loans.

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