Credit Available Sample Clauses

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Credit Available. Each full-time teacher shall have fifteen (15) days of sick leave available at the beginning of employment. If a teacher uses all or part of the fifteen
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Credit Available. Each new regular employee will have the equivalent of five (5) days of sick leave available at the beginning of employment. When a regular employee has exhausted his/her accumulated sick days, the administration may extend five (5) additional days based on medical evidence for the additional days. The administration may extend an additional ten (10) sick days after the five days have been exhausted based on medical evidence for the additional days. The advancement of sick leave credit may never exceed a fifteen (15) day advancement in an employment year. 8.1.3.1 All regular employees will be credited with one and one-quarter (11/4) sick days at the beginning of each month. Sick days will accumulate unless used and deducted based on the proper submission of the sick leave affidavit forms. 8.1.3.2 If any employee has been extended sick leave credit and has used the credit, and if the employee should terminate employment before the credit has been earned, the employee will reimburse the Board of Education for the credit used.
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Credit Available. Give bank reference: ___________________________________________________________
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Credit Available. For the purposes of this Agreement, the Maximum Bank Commitment shall be the lesser of: (i) $85,000,000.00; or (ii) an amount equal to 50% of the Accepted Appraised Value of all of the Hotels and the related Collateral covered by the Indenture as of the time the Maximum Bank Commitment is to be determined. Bank of Commerce agrees to purchase, and the other Banks and AmSouth hereby agree to so assign an interest in the Credit owed to the other Banks in such amount as is necessary to cause each Bank's proportionate share of the Maximum Bank Commitment to be as follows (AmSouth shall have no interest in the Credit from and after the date of this Agreement, provided, however, AmSouth shall have the right to receive payment pursuant to Section 4.17 of this Agreement): Proportionate Share of ---------------------- Bank Maximum Bank Commitment ---- ----------------------- First Tennessee 3/17 The Agent 6/17 Bank One 3/17 Liberty 2/17 Bank of Commerce 3/17 The Accepted Appraised Value assigned to the Hotels and related Collateral covered by the Indenture shall be deemed to be the value of each Hotel and related Collateral during the term hereof unless a Hotel be substantially damaged and destroyed while not insured as required in accordance with this Agreement and the Indenture, or a Hotel be sold or released from the Indenture, as provided herein, or all of the Banks should approve a change in such value based upon one or more FIRREA appraisals. Except as provided in Section 4.15 hereof, the Banks shall bear the costs of any appraisals obtained hereunder.
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Related to Credit Available

  • FUNDING AVAILABILITY This Contract is contingent upon the continued availability of funding. If funds become unavailable through the lack of appropriations, legislative or executive budget cuts, amendment of the Appropriations Act, state agency consolidation, or any other disruptions of current appropriations, DFPS will reduce or terminate this Contract.

  • Line of Credit Amount (a) During the availability period described below, the Bank will provide a line of credit to the Borrower. The amount of the line of credit (the “Facility No. 1 Commitment”) is Five Million and 00/100 Dollars ($5,000,000.00). (b) This is a revolving line of credit. During the availability period, the Borrower may repay principal amounts and reborrow them. (c) The Borrower agrees not to permit the principal balance outstanding to exceed the Facility No. 1

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

  • Funds Availability For determining the availability of your deposits, every day is a business day except Saturdays, Sundays, federal holidays and legal banking holidays in the State of Utah.

  • Funds Available Unless the Administrative Agent shall have received notice from a Lender prior to 1:00 P.M. (New York City time) on the date of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s ratable portion of such Borrowing, the Administrative Agent may assume that such Lender has made such portion available to the Administrative Agent on the date of such Borrowing in accordance with subsection (a) of this Section 2.02 and the Administrative Agent may, in reliance upon such assumption, make available to the relevant Borrower on such date a corresponding amount. If and to the extent that such Lender shall not have so made such ratable portion available to the Administrative Agent, such Lender and the relevant Borrower severally agree to repay to the Administrative Agent forthwith on demand such corresponding amount together with interest thereon, for each day from the date such amount is made available to the relevant Borrower until the date such amount is repaid to the Administrative Agent, at (i) in the case of the relevant Borrower, the interest rate applicable at the time to Advances comprising such Borrowing and (ii) in the case of such Lender, the Federal Funds Rate. If such Lender shall repay to the Administrative Agent such corresponding amount, such amount so repaid shall constitute such Lender’s Advance as part of such Borrowing for purposes of this Agreement.