Availability of Credit Sample Clauses

Availability of Credit. The credit shall be available to the BENEFICIARY, conditioned to its effective transfer by the National Treasury, in parcels, after the fulfillment of the conditions for utilization referred to in Nineteenth Clause, as follows: I- 50% (fifty percent) until 60 (sixty) days from the publishing of Medida Provisoria No. 127, of August 4, 2003; II- 30% (thirty percent) in 180 days from the date stated in First Clause; and
Sample 1
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Availability of Credit. The credit shall be made available to BENEFICIARY in installments once the conditions precedent for its use referred to in Clause Fifteen have been fulfilled based on the need for implementing the financed project and observing the financial schedule of BNDES, which is subject to definition of funds for applications by the Brazilian Monetary Council (CMN).
Sample 1
Availability of Credit. Each Borrower recognizes that credit available to it hereunder is in excess of and on better terms than it otherwise could obtain on and for its own account and that one of the reasons therefor is its joining in the applicable credit facility contemplated herein with all other Borrowers. Consequently, subject to the terms and conditions of this Agreement, each Borrower hereby assumes, guarantees payment and performance of, and agrees to discharge all Obligations of each of the other Borrowers; provided that, notwithstanding anything herein or in any of the other Loan Documents to the contrary, (i) the Canadian Loan Parties shall be liable only for the Canadian Liabilities and, to the extent permitted by applicable Requirement of Law, the German Liabilities and the UK Liabilities, (ii) the German Loan Parties shall be liable only for the German Liabilities and, to the extent permitted by applicable Requirement of Law, the Canadian Liabilities and the UK Liabilities, and (iii) the UK Loan Parties shall be liable only for the UK Liabilities and, to the extent permitted by applicable Requirement of Law, the German Liabilities and the Canadian Liabilities.
Sample 1
Availability of Credit. Except to the extent that Master Lessor elects to perform the obligations of the [Immediately Superior Tier Sublessee] under the Recognized Sublease pursuant to Section 5(b) below, Recognized Sublessee, as its sole remedy shall be entitled to a credit against rent and other sums payable to Master Lessor pursuant to Section 4 above (but subject to the terms and conditions of this Section 5) in an amount equal to all reasonable, out-of-pocket costs and expenses incurred and paid by Recognized Sublessee in performing, or obtaining the performance by others, of all obligations under the Recognized Sublease that Master Lessor did not elect to perform or did not perform, including, without limitation any obligations which Master Lessor is excused from performing by reason of the provisions of Section 2 above and does not timely perform. If Recognized Sublessee is entitled to such a credit, Recognized Sublessee shall claim such credit by written notice to Master Lessor accompanied by evidence reasonably satisfactory to Master Lessor of the amounts incurred and paid by Recognized Sublessee for such purposes. The foregoing notwithstanding, the maximum amount of any credit in respect of any installment of rent under the Recognized Sublease shall be seventy-five percent (75%) of the amount of rent then being paid, such that Master Lessor shall receive not less than twenty-five percent (25%) of the amount (before application of the credit) of rent then to be paid. If and to the extent that any credit to which Recognized Sublessee is due pursuant to this Section 5(a) is not applied to a particular installment of rent due to the limitation on the maximum amount of the credit which can be applied to such installment, the amount of the credit which is not so applied shall be deferred and, subject to the provisions of Section 3(c) above and Section 11 below, shall be applied against the next installment or installments of rent until so applied. The foregoing notwithstanding, Recognized Sublessee shall not be entitled to a credit against either: (i) any reimbursement due under the Recognized Sublease for any component of the “UDA Services” or for “Demand Services” (as those terms are defined in the Master Lease); or (ii) the portion of the then current “UDA Services Amount” allocable on a per square foot of gross building area basis to the Recognized Sublet Premises.
Sample 1
Availability of Credit 
Sample 1

Related to Availability of Credit

  • Termination of Credit Facility The Credit Facility shall terminate on the earliest of (a) the third anniversary of the Closing Date (the "Maturity Date"), (b) the date of termination by the Borrower pursuant to Section 2.5(a) and (c) the date of termination by the Administrative Agent on behalf of the Lenders pursuant to Section 10.2(a).

  • Availability of Facility Subject to the terms of this Agreement, the facility is available from the date hereof to the Facility Termination Date, and the Borrower may borrow, repay and reborrow at any time prior to the Facility Termination Date. The Commitments shall expire on the Facility Termination Date.

  • Revolving Line of Credit From time to time prior to the expiration of the Term, so long as an Event of Default has not occurred or if an Event of Default has occurred, such Event of Default has been timely remedied, Lender will, in its Discretion and subject to the terms and conditions set forth in this Agreement, make Revolving Loans to Borrower in such amounts as Borrower may request, provided that the aggregate principal amount of all Revolving Loans shall not exceed the lesser of the Revolving Advance Limit or the Borrowing Base. Borrower may request from time to time Revolving Loan advances by submitting a signed, completed Borrowing Base Certificate to Lender, in each case given no later than 1:00 p.m. (Eastern time) on the Business Day of the proposed Revolving Loan advance. Subject to the terms and conditions of this Agreement, Lender will make the proceeds of each such requested Revolving Loan advance available to Borrower on the day requested by transferring funds to Borrower's Operating Account or as otherwise instructed by Borrower. Lender shall not be obligated to make Revolving Loans to Borrower at any time; each Revolving Advance which is made under this Agreement will be made at the option of, and in the Discretion of, Lender. The Revolving Loans will not be evidenced by a promissory note and a copy of Lender's books and records related to the Revolving Loans shall constitute prima facie evidence of the outstanding amount of Revolving Loans. The Revolving Loans will be due and payable upon the earlier of the occurrence of an Event of Default or the expiration of the Initial Term. Should an Overadvance exist, Borrower shall immediately make principal reduction payments of such excess to Lender as are required to reduce the outstanding balance of the Revolving Loans such that no Overadvance exists. For each Revolving Loan made to Borrower via wire transfer, Borrower shall pay Lender an Electronic Payment Fee of $25.00, or such other amount as Lender shall customarily charge its Borrowers for the cost and expense of making electronic transfers of funds.

  • Undrawn Availability After giving effect to the initial Advances hereunder, Borrowers shall have Undrawn Availability of at least $10,000,000;

  • Application of credit balances Each Creditor Party may without prior notice:

  • Extension of Credit For the purposes hereof, each drawdown, rollover and conversion shall be deemed to be an extension of credit to the Borrower hereunder.

  • Amount of Credit Any reference herein to the amount of credit outstanding shall mean, at any particular time:

  • Conditions of Credit Extensions The obligations of the Lenders to make Loans hereunder are subject to the satisfaction of the following conditions:

  • Commitments and Credit Extensions 2.01 The Loans .

  • Amount and Nature of Credit (a) Subject to the terms and conditions of this Agreement, the Lenders, during the Commitment Period and to the extent hereinafter provided, shall make Loans to Borrower, participate in Swing Loans made by the Swing Line Lender to Borrower, and issue or participate in Letters of Credit at the request of Borrower, in such aggregate amount as Borrower shall request pursuant to the Commitment; provided, however, that in no event shall the Revolving Credit Exposure be in excess of the Total Commitment Amount.

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