Borrower Loans Sample Clauses

Borrower Loans. All Loans requested by U.S. Borrower under this Agreement shall be made by U.S. Lenders simultaneously and proportionately to their respective U.S. Lender Pro Rata Shares. Promptly after receipt by Administrative Agent of a Notice of Borrowing pursuant to subsection 2.1B (or telephonic notice in lieu thereof) from U.S. Borrower, Administrative Agent shall notify each U.S. Lender of the proposed borrowing and the details thereof. Each U.S. Lender shall make the amount of its Loan (other than any Gold Loan to be funded in Gold) available in Dollars to Administrative Agent in same day funds at Administrative Agent's Lending Office not later than 1:00 P.M. (New York time) on the applicable Funding Date. In the case of any Gold Loan to be funded in Gold, each U.S. Lender shall make the amount of its Gold Loan available in Gold to Administrative Agent by Delivery of such Gold not later than 11:00 A.M. (London time) on the applicable Funding Date to the Administrative Agent's account with X.X. Xxxxxx, London, England, or such other London bullion account as may be designated by Administrative Agent by notice to U.S. Lenders from time to time not later than three Business Days prior to the applicable Funding Date. Upon satisfaction or waiver of the conditions precedent specified in subsections 3.1 (in the case of the initial Loans) and 3.2 (in the case of all Loans), Administrative Agent shall make the proceeds of such Loans in Dollars or Gold, as the case may be, available to U.S. Borrower on the applicable Funding Date by (a) in the case of Loans in Dollars, causing an amount of same day funds equal to the proceeds of all such Loans received by Administrative Agent from U.S. Lenders to be credited to the U.S. Borrower Account or (b) in the case of Gold Loans, either (1) advancing the Dollar Equivalent of such Gold Loans, which shall be calculated based on the Price of Gold as in effect on the second Business Day preceding the applicable Funding Date, and causing an amount of same day funds equal to such amount of Dollars to be credited to the U.S. Borrower Account or (2) effecting the Delivery of Gold comprising such Gold Loans to a location mutually agreed upon by U.S. Borrower and Administrative Agent and set forth in the Notice of Borrowing.
Sample 1
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Borrower Loans. This Section 1.1 will only apply if the Purchaser is a Borrower:
Sample 1
Borrower Loans. (a) At the closing, pursuant to the Preferred Stock and Debt Exchange Agreement, by and between the Company and each Purchaser thereto, severally and not jointly, dated on or around the date this Agreement (the “Exchange Agreement”), the Company hereby releases its security interest in all or a portion of the Borrower Collateral (the “Released Collateral”), and the Borrower hereby agrees to loan the Released Collateral to the Company pursuant to and in accordance with the terms of a Lender Loan agreement (a “
Sample 1
Borrower Loans. Any loans made available by the Borrower to the Target shall, within 10 Business Days following the date on which such loan is made available, be subject to security in a form acceptable to the Agent (acting reasonably).
Sample 1

Related to Borrower Loans

  • Disbursement of Loans Not later than 1:00 p.m. (Chicago time) on the date of any requested advance of a new Borrowing, subject to Section 7 hereof, each Lender shall make available its Loan comprising part of such Borrowing in funds immediately available at the principal office of the Administrative Agent in Chicago, Illinois (or at such other location as the Administrative Agent shall designate). The Administrative Agent shall make the proceeds of each new Borrowing available to the Borrower on the date of such Borrowing as instructed by the Borrower.

  • Loans The Sponsor has agreed to make loans to the Company in the aggregate amount of up to $300,000 (the “Insider Loans”) pursuant to a promissory note substantially in the form annexed as an exhibit to the Registration Statement. The Insider Loans do not bear any interest and are repayable by the Company on the earlier of December 31, 2021 or the consummation of the Offering.

  • Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Loans outstanding on such date.

  • Borrowings The obligation of any Bank to make a Loan on the occasion of any Borrowing is subject to the satisfaction of the following conditions:

  • Other Loans In the event the Partnership is in need of additional funds other than an FF&E Loan or a Capital Improvement Loan, the Company may, but shall not be obligated to, make loans to the Partnership in such amounts as are necessary. Any such loan shall bear interest at a rate, and shall have repayment terms, as the General Partner shall reasonably determine.

  • Revolving Loan Borrowings (i) Each Revolving Loan Borrowing shall be made on notice, given not later than (x) 12:00 noon (New York City time) on the third (3rd) Business Day prior to the date of a Eurodollar Rate Borrowing, and (y) 10:00 A.M. (New York City time) on the day of a Base Rate Borrowing, by the Borrower to the Administrative Agent, which shall give to each Lender prompt notice thereof by telecopier, telex, cable or electronic mail. Each notice of a Revolving Loan Borrowing (a “Notice of Revolving Loan Borrowing”) shall be made in the form of a written Loan Notice, or orally and confirmed immediately in writing, by telecopier, telex, cable or electronic mail, in the form of a written Loan Notice, specifying therein the requested (i) date of such Revolving Loan Borrowing (which shall be a Business Day), (ii) Type of Revolving Loan comprising such Revolving Loan Borrowing, (iii) aggregate amount of such Revolving Loan Borrowing and (iv) in the case of a Revolving Loan Borrowing comprised of Eurodollar Rate Loans, the Interest Period for each such Revolving Loan. Each Lender shall (A) before 11:00 A.M. (New York City time) on the date of such Borrowing (in the case of a Eurodollar Rate Borrowing) and (B) before 1:00 P.M. (New York City time) on the date of such Borrowing (in the case of a Base Rate Borrowing), make available for the account of its applicable Lending Office to the Administrative Agent at the Administrative Agent’s Account in same day funds, such Lender’s ratable portion of such Borrowing (based upon its Applicable Revolving Credit Percentage). After the Administrative Agent’s receipt of such funds and upon fulfillment of the applicable conditions set forth in Section 4.02, the Administrative Agent will make such funds available to the Borrower in such manner as the Administrative Agent and the Borrower may agree; provided, however, that the Administrative Agent shall first make a portion of such funds equal to the aggregate principal amount of any Swing Loan and Letter of Credit Loans as to which the Borrower has received timely notice made by the Swing Loan Bank or the Issuing Bank, as the case may be, and by any other Lender and outstanding on the date of such Revolving Loan Borrowing, plus interest accrued and unpaid thereon to and as of such date, available to the Swing Loan Bank or the Issuing Bank, as the case may be, and such other Lenders for repayment of such Swing Loans and Letter of Credit Loans.

  • Revolver Loans Each Lender agrees, severally on a Pro Rata basis up to its Revolver Commitment, on the terms set forth herein, to make Revolver Loans to Borrowers from time to time through the Commitment Termination Date. The Revolver Loans may be repaid and reborrowed as provided herein. In no event shall Lenders have any obligation to honor a request for a Revolver Loan if the unpaid balance of Revolver Loans outstanding at such time (including the requested Loan) would exceed the Borrowing Base.

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