Availability of Loans. If the conditions set out in this Agreement have been met, the Lender shall make each Loan available by the Utilisation Date through its Facility Office.
Availability of Loans. The Group Policyholder and Members shall not be granted any loan under this Group Policy.
Availability of Loans. Subject to the terms of any Investment Arrangement, Participant loans are available to all Participants and Beneficiaries (including an Alternate Payee under a QDRO). Participant loans are not available to a former Employee or Beneficiary. To override this default provision, complete this AA §B-3. 🗹 A former Employee or Beneficiary (including an Alternate Payee) who has a vested Account Balance may request a loan from the Plan.
Availability of Loans. The Plan may permit a Participant to obtain a loan from the Plan. The Plan's written loan policy shall set forth all loan rules and restrictions.
Availability of Loans. The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided, however, that the Revolving Credit Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’ failure to make Loans as required. Unless Agent shall have been notified by a Lender prior to the time a Loan is to be made hereunder that such Lender does not intend to make its share of such Loan available to Agent, Agent may assume that such Lender will make its share of such Loan available to Agent, and Agent may in reliance upon such assumption make available to Borrower a corresponding amount. If such corresponding amount is not in fact made available to Agent by such Lender and Agent has made such amount available to Borrower, Agent shall be entitled to receive such amount from such Lender forthwith upon its demand, together with interest thereon in respect of each day during the period from and including the date such amount was made available to Borrower to but excluding the date Agent recovers such amount from such Lender at a rate per annum equal to the Federal Funds Rate for the first 3 days and, thereafter, at a rate per annum equal to the rate applicable to Prime Rate Revolving Loans. If such amount is not in fact made available to Agent by such Lender upon such demand, Agent shall be entitled to receive such amount from Borrower forthwith upon its demand (and in no event later than the Business Day immediately succeeding the day such demand is made), together with interest thereon at the rate applicable to a Prime Rate Revolving Loan in respect of each day during the period commencing on the date such amount was made available to Borrower and ending on but excluding the date Agent recovers such amount from Borrower. Borrower’s obligation hereunder shall not affect any rights Borrower may have against any Defaulting Lender.
Availability of Loans. If the conditions set out in this Agreement have been met, the Lender shall make each Loan available through its Facility Office.
Availability of Loans. Loans shall be made available to all “participants” on a reasonably equivalent basis. Loans shall not be made available to “participants” who are Highly Compensated Employees in an amount greater than the amount made available to other “participants”.
Availability of Loans. If, in the Adoption Agreement, the Employer has specified that loans to Participants are permitted, the Loan Trustee shall, upon the direction of the Administrator, make one or more loans, including any renewal thereof, to a Participant (other than a Participant who is an Owner- Employee). Any such loan shall be subject to such terms and conditions as the Administrator shall determine pursuant to a uniform policy adopted by the Administrator for this purpose, which policy shall be at least as restrictive as required by this Section 10.
Availability of Loans. Loans shall be made available to all "participants" on a reasonably equivalent basis. Notwithstanding the preceding sentence, no loans shall be made to (a) an Eligible Employee who makes a Rollover Contribution in accordance with Section 5.06, but who has not satisfied the requirements of Section 4.01 to become an Active Participant or (b) a "shareholder-employee" or "owner-employee". Loans shall not be made available to "participants" who are Highly Compensated Employees in an amount greater than the amount made available to other "participants".
Availability of Loans. (a) If the conditions set out in this Agreement have been met, the Lender shall make each Loan available by the Utilisation Date.
(b) The Lender is not obliged to make a Loan if, as a result, the Loans would exceed the Commitment.
(c) The Lender shall determine the Base Currency Amount of each Loan which is to be made in an Optional Currency.
