AMOUNTS AND TERMS OF DIP LOANS Sample Clauses

AMOUNTS AND TERMS OF DIP LOANS. 2.01 DIP Loan Facility (a) Availability. Subject to the terms and conditions set forth in this Agreement (including, without limitation, Section 2.04), each DIP Lender hereby severally agrees to make DIP Loans (each individually, a "DIP Loan" and, collectively, the "DIP Loans") to the Borrowers from time to time during the period from the Effective Date to the Business Day immediately preceding the Termination Date, in an amount not to exceed such DIP Lender's Pro Rata Share of the Availability at such time. Each DIP Loan shall be for a minimum amount of One Million Dollars ($1,000,000) and in integral multiples of Fifty Thousand Dollars ($50,000) in excess of that amount. All DIP Loans under this Agreement shall be made by the DIP Lenders simultaneously and proportionately to their then respective Pro Rata Shares, it being understood that no DIP Lender shall be responsible for any failure by any other DIP Lender to perform its obligation to make a DIP Loan hereunder nor shall the Commitment of any DIP Lender be increased or decreased as a result of any such failure. Subject to the terms and provisions of this Agreement, the Borrowers may repay any outstanding DIP Loan made to it on any day which is a Business Day and any amounts so repaid may be reborrowed in accordance with the provisions of this Section 2.0 1(a). Aggregate DIP Loans at any one time outstanding shall not exceed the lesser of (a) $45,000,000 or (b) the amount projected to be outstanding under the Closing Budget, subject to the permitted variances pursuant to Section 3.01(b)(i).
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Related to AMOUNTS AND TERMS OF DIP LOANS

  • Amounts and Terms of the Loans 2.1 Commitments 12 2.2 Note 12 2.3 Principal Payments; Maturity of Loans 13 2.4 Interest 13 2.5 Fees 15 2.6 Termination or Reduction of Commitments 15 2.7 General Provisions as to Payments 15 2.8 Disbursement of Loan Proceeds 15 2.9 Use of Proceeds 15 2.10 Taxes 15 2.11 Illegality 16

  • Amounts and Terms of Loans 2 1.1 Loans...........................................................................................2 1.2

  • Amounts and Terms of the Purchases SECTION 2.01.

  • Amounts and Terms of Commitments Each Bank severally agrees, on the terms and conditions set forth herein, to make Loans to the Borrowers from time to time on any Business Day during the period from the Refinancing Date to the Commitment Termination Date equal to its Pro Rata Share of the aggregate amount of the Borrowing requested by a Borrower to be made on such day. The Commitment of each Bank and the outstanding principal amount of Loans made by each Bank hereunder shall not exceed at any time the aggregate amount set forth on Schedule II (such amount as the same may be reduced under Section 2.5 or as a result of one or more assignments as permitted herein pursuant to Section 3.7 and Section 9.7, the Bank's "Commitment"); provided, however, that, after giving effect to any Borrowing, the aggregate principal amount of all outstanding Loans shall not at any time exceed the Commitment Amount; and provided, further, that the aggregate principal amount of all Loans outstanding from time to time to a Borrower shall not exceed the Borrowing Base for the relevant Borrower. Within the limits of each Bank's Commitment, and subject to the other terms and conditions hereof, a Borrower may borrow under this Section 2.1, repay under the terms hereof and reborrow under this Section 2.1.

  • AMOUNTS AND TERMS OF THE ADVANCES SECTION 2.01 The Revolving Advances and Letters of Credit 19 SECTION 2.02 Making the Revolving Advances 20 SECTION 2.03 Swingline Loans 21 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 Termination or Reduction of the Revolving Commitments 26 SECTION 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 Interest Rate Determination 28 SECTION 2.12 Optional Conversion of Revolving Advances 29 SECTION 2.13 Optional Prepayments of Revolving Advances 29 SECTION 2.14 Increased Costs 29 SECTION 2.15 Illegality 30 SECTION 2.16 Payments and Computations 30 SECTION 2.17 Taxes 31 SECTION 2.18 Sharing of Payments, Etc. 33 SECTION 2.19 Use of Proceeds 33 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence of Debt 35 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 3.01 Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 SECTION 3.02 Conditions Precedent to Each Revolving Borrowing, Issuance and Commitment Increase 36 SECTION 3.03 Conditions Precedent to Each CAF Borrowing 37 SECTION 3.04 Determinations Under Section 3.01 37 ARTICLE IV

  • Amounts and Terms Section 1.1 [Reserved]

  • 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 Loans 32 2.1 Loans..........................................................................................32 2.2

  • Amounts and Terms of the Advances and Letters of Credit Section 2.01 The Revolving Advances and Letters of Credit.

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

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