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Availment Sample Clauses

Availment. 4.1 The debtor may request payment of the loan within the payment period, earliest 5 bank working days after fulfilment of all conditions under item 5. Fulfilment of the payment conditions has to be confirmed by the bank in written form to the debtor.
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Availment. 2.2.1 The Loan will be available to the Borrower in multiple Advances following the satisfaction of the conditions precedent to the Advances as set forth herein. Each Advance shall be in the minimum amount of $5,000,000 and integral multiples of $1,000,000, and subject to approval as to the amount by the Administrative Agent acting reasonably based on the needs of the Santa Xxxx Project as confirmed by evidence reasonably satisfactory to the Administrative Agent. 2.2.2 [Intentionally Deleted] 2.2.3 The final Advance shall be made the commitment of the Lenders in respect of any amount not Advanced by such date will be cancelled and terminated. 2.2.4 The Borrower shall provide at least thirty (30) days’ prior written notice to the Lenders of any requested Advance, including the amount to be drawn pursuant to such Advance and the date of the requested Advance, together with such other supporting documentation evidencing the need for such Advance as the Administrative Agent may reasonably require. [REDACTED: PROPRIETARY INFORMATION]
Availment. 2.2.1 The Facility will be available to the Borrower in up to four (4) Advances, consisting of the First Advance and the Subsequent Advances, following the satisfaction of the respective conditions precedent to the First Advance and the Subsequent Advances as set forth herein and provided that the Subsequent Advances will be available until December 31, 2026 (as may be extended in accordance with this Agreement, the “Final Availability Date”) and only one Advance per Fiscal Quarter shall be permitted. 2.2.2 The First Advance and each Subsequent Advance shall be $87,500,000. 2.2.3 Following confirmation from the Administrative Agent on behalf of the Lenders that the conditions to funding are satisfied, the Borrower shall provide an Advance Notice to the Administrative Agent at least 10 days’ (but not more than 20 days’) prior to the date of any requested Advance under the Facility (other than the First Advance), including the date of the requested Advance Date. 2.2.4 Each Advance shall be subject to an original issue discount in the amount of [REDACTED – Commercially Sensitive Information.], which shall be deducted from the Advance and retained by the Lenders.
Availment. 2.2.1 The Facility will be available to the Borrower in multiple Advances, consisting of the First Advance and the Subsequent Advances, following the satisfaction of the respective conditions precedent to the First Advance and the Subsequent Advances, as applicable and as set forth herein, and provided that Subsequent Advances will be available starting 6 months following the Closing Date and ending 18 months following the Closing Date. 2.2.2 Each Subsequent Advance shall be in the minimum amount of $5,000,000 and integral multiples of $1,000,000 and a maximum amount of $50,000,000. 2.2.3 The Borrower shall provide at least 30 days’ prior written notice to the Administrative Agent of any requested Advance under the Facility, including the amount to be drawn pursuant to such requested Advance and the date of the requested Advance. No advance shall be requested under the Facility within 30 days of another Advance. 2.2.4 Each Advance under the Facility shall be made to the Borrower at an original issue discount of 97%, which original issue discount shall not be a credit against the Interest Rate but shall constitute additional interest paid in advance, which additional interest represents an annual interest rate for the purposes of the Interest Act (Canada) on such Advance equal to 3% divided by the number of days from the date of such Advance to the Maturity Date multiplied by 365.
AvailmentThe Loan will be available to the Borrower in a single draw of US$50,000,000 on the Closing Date, upon satisfaction of the conditions set out in Section 7.1 and receipt by the Lender of a Borrowing Notice at least five Business Days prior to the proposed advance (or such later date as may be agreed to in writing by the Lender).
Availment. On the day of Closing (as hereinafter defined) the Purchaser shall advance the sum of Seven Hundred and Fifty Thousand Dollars ($750,000) to the Company ("Tranche 1") less all expenses properly deductible pursuant to the terms hereof. Provided that the Company is in full compliance with the Transaction Documents at the time, additional draws may be made by the Company in the amounts and within the time periods set out below: (a) Two Hundred and Fifty Thousand Dollars ($250,000) within ten (10) business days from the Effective Date ("Tranche 2"); and (b) Five Hundred Thousand Dollars ($500,000) within ten (10) business days of each of the following: (i) the 60th day from the Effective Date ("Tranche 3"); (ii) the 90th day from the Effective Date ("Tranche 4"); and (iii) the 150th day from the Effective Date ("Tranche 5"). Notwithstanding the foregoing, the Purchaser shall not be under any obligation to make any advance under, Tranche 2, Tranche 3, Tranche 4 or Tranche 5 unless on each of the five (5) Trading Days ending the day prior to a request for an advance by the Company the Closing Bid Price exceeds One Dollar ($1.00).
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Availment. The loan must be drawn at its full amount by 5/26/2015 through one or more transactions. The Borrower will notify the Bank of the availment of the loan by way of a written disbursement request two bank working days in advance. The disbursement claim shall expire if the loan has not been claimed in whole or in part by the final date agreed by contract; the loan amount shall be reduced accordingly.
Availment. 2.2.1 The Facility will be available to the Borrower in three (3) Advances, consisting of the First Advance and the Subsequent Advances, following the satisfaction of the respective conditions precedent to the First Advance and the Subsequent Advances as set forth herein and provided that the Subsequent Advances will be available until [REDACTED – Commercially Sensitive Information.] 2.2.2 The First Advance shall be $30,000,000 and each of the Subsequent Advances shall be $15,000,000. 2.2.3 Following confirmation from the Administrative Agent on behalf of the Lenders that the conditions to funding are satisfied, the Borrower shall provide an Advance Notice to the Administrative Agent at least 10 days’ (but not more than 20 days’) prior to the date of any requested Advance under the Facility (other than the First Advance), including amount to be drawn pursuant to such requested Advance and the date of the requested Advance Date.
Availment. 2.2.1 The Loan will be available to the Borrower in a single advance on any Business Day during the Commitment Period, upon satisfaction of the conditions set out in Section 7.1 and receipt by the Lender of a Borrowing Notice at least two (2) Business Days prior to the proposed advance (or such later date as may be agreed to in writing by the Lender). 2.2.2 Any Loan amount available which is not drawn on the initial advance thereof or at the end of the Commitment Period, whichever occurs first, will cease to be available hereunder.
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