Development Loans Sample Clauses

Development Loans. The rights and obligations of the parties in connection with each of the Development Loans, including any defaults and remedies associated therewith, shall be as otherwise set forth in each of the Loan Documents, anything to the contrary in this Article V of this Agreement notwithstanding.
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Development Loans. The Borrower/Recipient shall ensure that IFAD financing shall not be used to provide development loans to smallholders to develop plantations above a maximum of 2 ha/household. In the event that this threshold hinders the attainment of project objective and targets, the Fund and the Borrower/Recipient will review and adjust it accordingly.
Sample 1
Development Loans. The Buyer shall, conditional on the receipt of XX Xxxxx approval of the first POD by CGB2, become obliged to make advances from time to time required by the Company to fund the working capital required for appraisal and development of any successful Petroleum discovery of up to a total, maximum amount of forty one million three hundred thousand US dollars, US$41,300,000 (the “Development Loans”) in excess of the Earning Obligation funds, and utilize the Development Loans strictly in accordance with the provisions set out in the Shareholders Agreement.
Sample 1
Development Loans. Prior to the Drawdown Termination Date, Lender may, but shall not be obligated to, make additional advances to Borrower of Development Loan(s) up to an aggregate of Seven Million Five Hundred Thousand Dollars ($7,500,000) to be used exclusively for Development Plan Expenditures. Any Request for Commitment for a Development Loan in relation to any Development Plan shall be for a minimum of Two Million Five Hundred Thousand Dollars ($2,500,000) and will be subject to Lender’s approval in its sole and absolute discretion. Each Request for Commitment shall also include a variance allowance not to exceed ten percent (10%) of the estimated expenses set forth in the Request for Commitment and supporting materials for each Development Plan (such allowance will be available only to the extent the actual costs of any Development Plan Expenditures exceed one hundred percent (100%) of the estimated costs).
Sample 1
Development Loans. Development Loans" shall mean Mortgage loans to finance all or part of the cost of developing vacant land into a site or sites suitable for the construction of buildings thereon or suitable for other residential, commercial, industrial or public uses, including the cost of acquiring land for such purpose.
Sample 1
Development Loans. Development Lenders shall have the right to require Borrower to amend the pricing (including the spread or margin) or fees with respect to the Development Loans (but not including structural changes that increase the obligations or liabilities of the Borrower (other than ministerial and other changes which do not affect the Borrower in more than a de minimis manner), except as allowed by Paragraph 8 below), and Borrower shall cooperate with Development Lenders in all reasonable respects in amending the pricing (including the spread or margin) or fees with respect to such Loans, such that Development Lenders are able to achieve a Successful Syndication of the Development Loans. *** *********** ******* ***** **** **** *** ***** ** ** **** *** ******* ******* ** *** ********* ******** ***** ** ***** *** **** **** *** ******* ** ********* ** *** **** *********** Any discount realized by Development Lenders from any sale, assignment or transfer of any Development Loan to any person (other than to an affiliate of such Development Lender except for any sale, assignment or transfer to affiliates on the same terms, at the same price and in similar aggregate amounts as such Loans have been sold in comparable third-party transactions) by the applicable Borrower and shall be paid from sources of funds described in Paragraph 9. For the avoidance of doubt, any increase in the interest for any portion of the Development Loans shall be applied to all outstanding Development Loans.
Sample 1
Development Loans. (i) Prior to the Drawdown Termination Date, Lender may, but shall not be obligated to, make additional advances to Borrowers of the Development Loan(s) to be used exclusively for certain Development Operations such that the total of such additional Development Loan advances under this Section 2.1(b) plus the aggregate advances otherwise made pursuant to this Agreement (including but limited to Overhead Advances and advances to pay the Facility Fee and, to the extent permitted under this Agreement, advances to pay Corporate Income Taxes) will not exceed the Maximum Loan Amount. Any Request for Commitment for a Development Loan in relation to a Development Operation shall be for a minimum of $1,000,000 (except in relation to the Committed Development Loan described below) and will be subject to Lender's approval in its sole and absolute discretion. Each Request for Commitment shall also include (1) the applicable request for an advance of the additional Facility Fee payable pursuant to Section 7.1(bb) and (2) a variance allowance not to exceed ten percent (10%) of the estimated expenses set forth in the Request for Commitment and supporting materials for each Development Operation (such allowance will be available only to the extent the actual costs of any Development Operation exceeds 100% of the estimated costs). Notwithstanding the foregoing, Borrowers are hereby deemed to have provided the requisite Request for Commitment to Lender for $5,000,000 of the Development Loans (the "Committed Development Loan") for certain Development Operations as more particularly described on Schedule 2.1(b)(i) plus the applicable Facility Fee. Lender is hereby deemed to have committed to make such Committed Development Loan no later than March 15, 2007, subject, however, to the satisfaction of all of the conditions set forth herein. The Development Operations described on Schedule 2.1(b)(i) that are ultimately conducted with proceeds of the Committed Development Loan shall be subject to mutual agreement between Lender and Borrowers. (ii) Within ten (10) days after the receipt from Borrowers prior to the Drawdown Tetntination Date of a Request for Commitment listing all applicable 921350_11 expenditures that Borrowers desire to make to conduct a Development Operation, Lender shall notify Borrowers in writing whether in its sole and absolute discretion Lender will make an advance equal to the total estimated expenditures shown on such Request for Commitment. If Lender does n...
Sample 1
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Development Loans. Proceeds advanced by Lender to Borrower for subsequent Development Loans may be used by Borrower exclusively for the purposes of funding Borrower's share of costs and expenses relating to the conduct of the Development Operations described in Schedule 2.1 hereof, or such Substitute Development Operations as may be subsequently approved by Lender.
Sample 1
Development Loans. From time to time the Manager may propose that the Company provide non-recourse development financing to one or more Developers for the acquisition and construction of self storage facilities on one or more Potential Self Storage Sites (each such proposal, a “Proposed Loan”). The Members intend to make Gross Capital Contributions of up to the Investment Target during the Investment Period in connection with the Company’s funding of Approved Loans, it being understood that in no event shall any Member have any obligation to make any Capital Contributions except pursuant to Section 4.2. (a) In connection with each Proposed Loan, the Manager shall underwrite the Proposed Loan using the Underwriting Policies and Procedures of Jxxxxxxx Parent, adopted as November 1, 2015 (the “Underwriting Policies and Procedures”) (a copy of which has been provided to Investor prior to the Effective Date and Jxxxxxxx shall promptly provide to Investor any written updates, supplements or amendments thereto). If the Proposed Loan has been approved by the Manager’s Investment Committee, as defined in the Underwriting Policies and Procedures, then the Manager shall submit to the Executive Committee the materials reviewed by Jxxxxxxx and the Investment Committee provided for in Sections I through VI of the Underwriting Policies and Procedures, including those materials set forth in the list delivered to Investor by Jxxxxxxx on the date hereof, together with the applicable preliminary approval from the Investment Committee (as provided for in the Underwriting Policies and Procedures) of such Proposed Loan (collectively, the “Preliminary Offering Package”). The Executive Committee shall have ten (10) days after receipt of the Preliminary Offering Package to notify the Manager that it has preliminarily approved or disapproved, in the sole and absolute discretion of each of the voting Authorized Representatives, the Proposed Loan. If none of the Authorized Representatives designated by a Member or the Manager respond within such ten (10) day period, the Executive Committee shall be deemed to have disapproved the Proposed Loan. The Members agree that the Proposed Loan for each project in the Pending Portfolio shall be deemed to have received preliminary approval from the Executive Committee and the Members pursuant to this Section 3.1(a) as of the date hereof. (b) Upon receipt of preliminary approval from the Executive Committee with respect to a Proposed Loan, the Manager shall negotia...
Sample 1

Related to Development Loans

  • Initial Loans This Agreement shall not become effective nor shall the Lenders be required to make the initial Loans unless (i) since December 31, 2009, no event, development or circumstance shall have occurred that has had, or could reasonably be expected to have, a material adverse effect on the business, assets, operations or financial condition of Harley and its subsidiaries taken as a whole and (ii) the Borrowers shall have (a) paid all fees required to be paid in connection with the execution of this Agreement, (b) furnished to the Global Administrative Agent, with sufficient copies (other than in the case of any Notes) for each of the Lenders, such documents as the Global Administrative Agent or any Lender or its counsel may have reasonably requested, including, without limitation, all of the documents reflected on the List of Closing Documents attached as Exhibit D to this Agreement, (c) obtained all governmental and third party approvals necessary in connection with the financing contemplated hereby and the continuing operations of Harley and its Subsidiaries (including the Borrowers) and such approvals remain in full force and effect, (d) delivered to the Lenders (1) audited consolidated financial statements of Harley (on a Consolidated basis), (2) unaudited Consolidated financial statements of Harley (excluding HDFS and its Subsidiaries), (3) audited Consolidated financial statements of HDFS and its Subsidiaries (on a Consolidated basis), in the case of each of the foregoing clauses (1), (2) and (3), for the two most recent fiscal years ended prior to the Closing Date as to which such financial statements are available and (4) financial statement projections of (A) Harley (on a Consolidated basis), (B) Harley (excluding HDFS and its Subsidiaries) and (C) HDFS and its Subsidiaries, in the case of each of the foregoing clauses (A), (B) and (C), for the 2010 fiscal year, together with key underlying assumptions in reasonable detail and (e) delivered evidence reasonably satisfactory to the Global Administrative Agent of the payment of all principal, interest, fees and premiums, if any, on all Indebtedness under the Existing Credit Agreement, and the termination of the applicable agreements relating thereto, all taking effect concurrently with the effectiveness of this Agreement; provided that any Lender hereunder which is also a “Lender” under the Existing Credit Agreement hereby waives any requirement of five (5) Business Days notice by the “Borrowers” under the Existing Credit Agreement prior to the reduction of the commitments thereunder and the termination thereof.

  • Loans 3.1. On each Loan Subscription Date, not later than the time specified by Xxxxxx (such time to be posted to the TALF Website in advance of such Loan Subscription Date), each TALF Agent may submit to Lender, in the manner specified by Xxxxxx from time to time, a request for Loans on behalf of each Applicable Borrower proposing to borrow Loans on the next scheduled Loan Closing Date (each such request, a “Loan Request”). Each TALF Agent shall complete the Loan Request in accordance with instructions provided by Custodian from time to time, in the form attached hereto as Appendix 3A or, in the case of a Loan to be secured by CMBS Collateral, Appendix 3B. Lender shall promptly provide Custodian with the information contained in each such Loan Request. Notwithstanding the foregoing, a TALF Agent shall not be permitted to submit a Loan Request unless (x) it has previously delivered to Custodian a copy of the Letter of Agreement pursuant to which it became a party hereto and (y) in the case of a Loan to be secured by Newly Issued CMBS Collateral and with respect to each such Item of Newly Issued CMBS Collateral, the following documents shall have been delivered to Lender and Custodian at or before the stated times: (1) not later than 5:00 p.m. on the eighth Business Day before the applicable Loan Subscription Date, the Offering Materials (as defined below) (which may be in preliminary form to the extent Offering Materials in final form are not then available), (2) not later than 5:00 p.m. on the sixth Business Day prior to the applicable Loan Subscription Date, an AUP Report (TALF) and an AUP Report (Industry) relating to such Offering Materials and (3) not later than the Business Day after any supplement to such Offering Materials is furnished to prospective investors, each such supplement, together with an AUP Report (TALF) and an update to the earlier AUP Report (Industry); provided, that each such supplement and related AUP Report (TALF) and update to AUP Report (Industry) shall be delivered not later than 5:00

  • First Loans and Letters of Credit On the Closing Date:

  • Investments, Loans, Advances, Guarantees and Acquisitions Borrower will not, and will not permit any of its Subsidiaries to, acquire or form any new Subsidiaries after the Closing Date, acquire, form or suffer to exist any new Affiliates after the Closing Date, purchase, hold or acquire (including pursuant to any merger, other than a merger permitted by Section 5.4) any Stock, evidences of indebtedness or other securities (including any option, warrant or other right to acquire any of the foregoing) of, make or permit to exist any loans or advances to, guarantee any obligations of, or make or permit to exist any investment or any other interest in, any other Person, or purchase or otherwise acquire (in one transaction or a series of transactions (including pursuant to any merger)) any assets of any other Person constituting a business unit, except: (a) Permitted Investments; (b) investments existing on the date as of the last financial statement furnished to the Bank as set forth on Annex 2; (c) Investments consisting of extensions of credit in the nature of accounts receivable arising from the grant of trade credit in the ordinary course of business; (d) loans and advances to officers, directors and employees of Borrower or any Subsidiary in the ordinary course of the business of the Borrower and its Subsidiaries as presently conducted in compliance with all applicable laws (including, to the extent applicable, the Sxxxxxxx-Xxxxx Act of 2002, as amended) in an aggregate principal amount not to exceed $5,000 at any time outstanding; and (e) investments made by Borrower in the equity securities of any Domestic Subsidiary and made by any Domestic Subsidiary in the equity securities of any other Domestic Subsidiary provided that (i) any such equity securities owned by Borrower or any Domestic Subsidiary shall become Collateral pursuant to this Agreement.

  • Incremental Loans Any Incremental Term Loans or Incremental Revolving Commitments effected through the establishment of one or more new term loans or new revolving credit commitments, as applicable, made on an Incremental Facility Closing Date (other than a Loan Increase) shall be designated a separate Class of Incremental Term Loans or Incremental Revolving Commitments, as applicable, for all purposes of this Agreement. On any Incremental Facility Closing Date on which any Incremental Term Commitments of any Class are effected (including through any Term Loan Increase), subject to the satisfaction of the terms and conditions in this Section 2.14, (i) each Incremental Term Lender of such Class shall make a Loan to the Borrower (an “Incremental Term Loan”) in an amount equal to its Incremental Term Commitment of such Class and (ii) each Incremental Term Lender of such Class shall become a Lender hereunder with respect to the Incremental Term Commitment of such Class and the Incremental Term Loans of such Class made pursuant thereto. On any Incremental Facility Closing Date on which any Incremental Revolving Commitments of any Class are effected through the establishment of one or more new revolving credit commitments (including through any Revolving Commitment Increase), subject to the satisfaction of the terms and conditions in this Section 2.14, (i) each Incremental Revolving Lender of such Class shall make its Commitment available to the Borrower (when borrowed, an “Incremental Revolving Loan” and collectively with any Incremental Term Loan, an “Incremental Loan”) in an amount equal to its Incremental Revolving Commitment of such Class and (ii) each Incremental Revolving Lender of such Class shall become a Lender hereunder with respect to the Incremental Revolving Commitment of such Class and the Incremental Revolving Loans of such Class made pursuant thereto.

  • Assumptions Concerning Funding of Eurodollar Rate Loans Calculation of all amounts payable to a Lender under this Section 2.18 and under Section 2.19 shall be made as though such Lender had actually funded each of its relevant Eurodollar Rate Loans through the purchase of a Eurodollar deposit bearing interest at the rate obtained pursuant to clause (i) of the definition of Adjusted Eurodollar Rate in an amount equal to the amount of such Eurodollar Rate Loan and having a maturity comparable to the relevant Interest Period and through the transfer of such Eurodollar deposit from an offshore office of such Lender to a domestic office of such Lender in the United States of America; provided, however, each Lender may fund each of its Eurodollar Rate Loans in any manner it sees fit and the foregoing assumptions shall be utilized only for the purposes of calculating amounts payable under this Section 2.18 and under Section 2.19.

  • Acquisition Loans The proceeds of the Acquisition Loans may be used only for the following purposes: (i) for working capital and general corporate purposes, including, without limitation, the issuance of Letters of Credit and to pay outstanding Floor Plan Loans; and (ii) to make Permitted Acquisitions.

  • LOANS, ADVANCES, INVESTMENTS Make any loans or advances to or investments in any person or entity, except any of the foregoing existing as of, and disclosed to Bank prior to, the date hereof.

  • 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.

  • Additional Loans Administrative Agent shall not make any Loans or provide any Letter of Credit Accommodations to any Borrower on behalf of Lenders intentionally and with actual knowledge that such Loans or Letter of Credit Accommodations (a) would cause the aggregate amount of the total outstanding Tranche A Revolving Loans and Letter of Credit Accommodations to exceed the Tranche A Borrowing Base and (b) would cause the aggregate amount of the total outstanding Loans and Letter of Credit Accommodations to exceed the Total Borrowing Base, in each case, without the prior consent of all Lenders, except, that, Administrative Agent may make such additional Loans or provide such additional Letter of Credit Accommodations on behalf of Lenders, intentionally and with actual knowledge that such Loans or Letter of Credit Accommodations will cause the total outstanding Tranche A Revolving Loans and Letter of Credit Accommodations to exceed the Tranche A Borrowing Base or cause total outstanding Loans and Letter of Credit Accommodations to exceed the Total Borrowing Base, as Administrative Agent may deem necessary or advisable in its discretion, provided, that: (i) the total principal amount of the additional Loans or additional Letter of Credit Accommodations to any Borrower which Administrative Agent may make or provide after obtaining such actual knowledge that the aggregate principal amount of the Loans equal or exceed the Tranche A Borrowing Base or the Total Borrowing Base, as applicable, plus the amount of Special Administrative Agent Advances made pursuant to Sections 12.11(a)(i) and (ii) hereof then outstanding, shall not exceed $75,000,000 and shall not cause the total principal amount of the Loans and Letter of Credit Accommodations to exceed the Maximum Credit or the Tranche A Loans to exceed the Tranche A Maximum Credit or the Tranche A-1 Loans to exceed the Tranche A-1 Maximum Credit and (ii) no such additional Loan or Letter of Credit Accommodation shall be outstanding more than ninety (90) days after the date such additional Loan or Letter of Credit Accommodation is made or issued (as the case may be), except as the Required Tranche A Lenders, Required Tranche A-1 Lenders and Required Tranche A-2 Lenders may otherwise agree and no such additional Loans may exist for at least five (5) consecutive days thereafter before further such additional Loans may be made at the end of such ninety (90) day period. Each Lender shall be obligated to pay Administrative Agent the amount of its Pro Rata Share of any such additional Loans or Letter of Credit Accommodations. The Required Lenders may by written notice to Administrative Agent revoke the authority of Administrative Agent to make future additional Loans pursuant to this Section 12.8 at any time.

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