BORROWING RCI POINTS Sample Clauses

BORROWING RCI POINTS. The Member may borrow RCI Points from the next Use Year so long as that Use Year is within the term of the Member’s Network Participation Agreement and the Member’s Network Dues have been paid in full through the end of such Use Year. The Network Administrator may, in its sole discretion, without advance notice, terminate, suspend, or limit the ability to borrow and use borrowed RCI Points.
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BORROWING RCI POINTS. THE MEMBER XXX XXXXXX RCI POINTS FROM THE NEXT USE YEAR SO LONG AS THAT USE YEAR IS WITHIN THE TERM OF THE MEMBER’S NETWORK PARTICIPATION AGREEMENT AND THE MEMBER’S NETWORK DUES HAVE BEEN PAID IN FULL THROUGH THE END OF SUCH USE YEAR. THE NETWORK ADMINISTRATOR MAY, IN ITS SOLE DISCRETION, WITHOUT ADVANCE NOTICE, TERMINATE, SUSPEND, OR LIMIT THE ABILITY TO BORROW AND USE BORROWED RCI POINTS.
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Related to BORROWING RCI POINTS

  • Funding of Borrowings (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with the Administrative Agent in New York City and designated by the Borrower in the applicable Borrowing Request.

  • 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.

  • 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.

  • Funding of Gross Settlement Amount Defendant shall fully fund the Gross Settlement Amount, and also fund the amounts necessary to fully pay Defendant’s share of payroll taxes by transmitting the funds to the Administrator no later than 14 days after the Effective Date.

  • Designation of a Different Lending Office If any Lender requests compensation under Section 3.04, or the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, or if any Lender gives a notice pursuant to Section 3.02, then such Lender shall use reasonable efforts to designate a different Lending Office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 3.01 or 3.04, as the case may be, in the future, or eliminate the need for the notice pursuant to Section 3.02, as applicable, and (ii) in each case, would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment.

  • Conversion to Single Currency 31.1 For evaluation and comparison purposes, the currency(ies) of the Tender shall be converted in a single currency as specified in the TDS.

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