AMOUNTS AND TERMS OF THE ADVANCES 16 Sample Clauses

AMOUNTS AND TERMS OF THE ADVANCES 16. Section 2.01. The Advances 16 Section 2.02. Requests for Advances 16 Section 2.03. Borrowings; Advances; Termination of Eurodollar Rate Advances 17 Section 2.04. Conversions and Continuations of Borrowings 19 Section 2.05. Optional Termination and Reduction of the Commitments 21 Section 2.06. Repayment and Prepayment of Advances; Notes 21 Section 2.07. Interest on Advances 22 Section 2.08. Interest Rate Determination 23 Section 2.09. Fees 23 Section 2.10. Payments; Computations; Interest on Overdue Amounts 23 Section 2.11. Consequential Losses on Eurodollar Rate Advances 24 Section 2.12. Increased Costs 25 Section 2.13. Replacement of Banks 26 Section 2.14. Illegality and Unavailability 26 Section 2.15. Taxes 27 Section 2.16. Payments Pro Rata 29 Section 2.17. Increase in Commitments 30 Section 2.18. Defaulting Banks 31 Section 3.01. Conditions Precedent to Effectiveness 32 Section 3.02. Conditions Precedent to Each Borrowing 34 Section 3.03. Administrative Agent 34 Section 4.01. Guaranty 35 Section 4.02. Payment 35 Section 4.03. Waiver 35 Section 4.04. Acknowledgments and Representations 35 Section 4.05. Subordination 36 Section 4.06. Guaranty Absolute 36 Section 4.07. No Waiver; Remedies 36 Section 4.08. Continuing Guaranty 36 Section 4.09. Limitation 37 Section 4.10. Effect of Bankruptcy 37
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Related to AMOUNTS AND TERMS OF THE ADVANCES 16

  • Amounts and Terms of the Advances SECTION 2.01. The A Advances. (a) Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make A Advances to the Borrower from time to time on any Business Day during the period from the Closing until the Termination Date in an aggregate outstanding amount not to exceed at any time such Lender's Available Commitment, provided that the aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount of the B Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be applied to the Lenders ratably according to their respective Percentages (such deemed use of the aggregate amount of the Commitments being a "B Reduction"). Each A Borrowing shall be in an aggregate amount not less than $10,000,000 (or, if lower, the amount of the Available Commitments) or an integral multiple of $1,000,000 in excess thereof and shall consist of A Advances of the same Type made on the same day by the Lenders ratably according to their respective Percentages. Within the limits of each Lender's Commitment and as hereinabove and hereinafter provided, the Borrower may request Extensions of Credit hereunder, and repay or prepay Advances pursuant to Section 2.11 and utilize the resulting increase in the Available Commitments for further Extensions of Credit in accordance with the terms hereof. (b) In no event shall the Borrower be entitled to request or receive any Extensions of Credit that would cause the principal amount outstanding hereunder to exceed the Commitments.

  • Amounts and Terms of the Loans 34 2.1. The Revolving Credit Loans................................................... 34 2.2. Making the Loans............................................................. 35 2.3. Fees......................................................................... 36 2.4. Reduction and Termination of the Commitments................................. 37 2.5. Repayment.................................................................... 37 2.6. Prepayments.................................................................. 38 2.7. Conversion/Continuation Option............................................... 39 2.8. Interest..................................................................... 40 2.9. Interest Rate Determination and Protection................................... 41 2.10.

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

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

  • 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

  • AMOUNTS AND TERMS OF THE ADVANCES AND THE LETTERS OF CREDIT SECTION 2.01. The Advances and the Letters of Credit.

  • Amounts and Terms of the Purchases SECTION 2.01.

  • Amount and Terms of Loans Pursuant to the terms of this Agreement, Lender shall make Loans to the Company, upon its request and within three (3) business days of such request, which in the aggregate do not exceed Four Hundred Fifty Thousand and 00/100 Dollars ($450,000.00). The Loans and each of them shall be made upon the following terms and conditions: (a) The maximum aggregate principal amount of the Loans shall be in the amount of Four Hundred Fifty Thousand and 00/100 Dollars ($450,000.00), and shall be evidenced by a promissory grid note (the "Note") with appropriate insertions of names, dates and amounts. The Loans shall bear interest at a rate per annum equal to ten percent (10.00%). Interest shall be charged on the principal balance from time to time outstanding on the basis of the actual number of days elapsed computed on the basis of a three hundred sixty (360) day year. Interest shall be due and payable, in arrears on the Maturity Date (as hereinafter defined); (b) The Loans made by Lender to the Company pursuant to this Paragraph 2 shall be recorded in an account on the books of Lender bearing the Company's name (the "Company's Account"). There shall also be recorded in the Company's Account all payments made by the Company on the Loans and interest accrued thereon. (c) The outstanding principal amount owed hereunder, together with all accrued but unpaid interest thereon, shall be due and payable in full on the earlier of (i) the closing of an initial public offering of the Company's securities and (ii) March 3, 2002 (the "Maturity Date"); (d) Maker shall have the right to prepay the outstanding principal amount of this Note, in whole or in part at any time. (e) The provisions of this Paragraph 2 shall continue in effect until the Maturity Date, PROVIDED, HOWEVER, that Lender's obligations to advance Loans to the Company pursuant to the provisions of this Paragraph 2 shall cease upon the occurrence of an Event of Default (as defined in Paragraph 3 hereof) until such time as said Event of Default is cured.

  • Amount and Terms of the Commitments Section 2.1. General Description of Facilities

  • Amount and Terms of the Commitment Section 2.1 The Advances............................................. 7 Section 2.2 Making the Advances...................................... 8 Section 2.3 Fees..................................................... 9 Section 2.4 Reduction or Termination of the Commitment.............

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