Draws Under Credit Facilities, Credit Facility Fund Sample Clauses

Draws Under Credit Facilities, Credit Facility Fund. During the Initial Period, no Credit Facility has been obtained to support the 2010 Bonds. The other provisions of this Fiscal Agent Agreement notwithstanding, prior to the Stated Expiration Date or earlier termination of a Credit Facility pursuant to its terms, the Fiscal Agent shall draw on such Credit Facility in an amount and at such time (as such time shall be set forth in such Credit Facility) as shall be required to pay in full when due, from such drawing, the principal of and interest on the related 2010 Bonds (excluding any Outstanding Bank Bonds or 2010 Bonds registered in the name of the Agency) on each Interest Payment Date, maturity date, Sinking Account Payment Date, other redemption date, upon the defeasance of such 2010 Bonds pursuant to Section 10.01 hereof, and any date on which such 2010 Bonds are declared due and payable pursuant to Section 7.01 due to the occurrence of an event of default hereunder. Prior to the Stated Expiration Date or earlier termination of a Credit Facility pursuant to its terms, the Fiscal Agent shall pay the principal of and interest on such 2010 Bonds (excluding any Outstanding Bank Bonds or 2010 Bonds registered in the name of the Agency) when due and payable solely from moneys drawn under such Credit Facility. The Fiscal Agent shall also draw moneys under the Credit Facility pursuant to Section 4.06 for the purpose of paying the purchase price of any 2010 Bonds (excluding any Outstanding Bank Bonds or 2010 Bonds registered in the name of the Agency) to the extent required by Section 4.06. Pending application as aforesaid, except as required by Section 4.06 in connection with paying the purchase price of 2010 Bonds, moneys drawn under a Credit Facility shall be deposited in a special fund designated the "Credit Facility Fund," within which Fund there shall be established a Series- designated Credit Facility Bond Payment Account for each Series of 2010 Bonds. The Credit Facility Fund and the accounts therein shall be established and maintained by the Fiscal Agent and held in trust apart from all other moneys and securities held under this Fiscal Agent Agreement or otherwise, and the Fiscal Agent shall have the exclusive and sole right of withdrawal from the Credit Facility Fund and the accounts therein for the exclusive benefit of the Owners of the 2010 Bonds with respect to which such drawing was made. The Fiscal Agent shall deposit all amounts to be deposited in the Credit Facility Fund in the applicable Serie...
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Related to Draws Under Credit Facilities, Credit Facility Fund

  • Credit Facilities 22 2.1 Loans....................................................................... 22 2.2 Letters of Credit........................................................... 22 2.3 Commitments................................................................. 25

  • Commitment Charge; Credit; Maturity Premium (a) The Borrower shall pay a commitment charge on the unwithdrawn amount of the Loan at the rate and on the terms specified in the Loan Agreement.

  • Commitment Charge; Credit (a) The Borrower shall pay a commitment charge on the unwithdrawn amount of the Loan at the rate and on the terms specified in the Loan Agreement.

  • Letters of Credit (a) The Letter of Credit Commitment.

  • Letters of Credit for Payment Bond Notwithstanding the provisions of B4.3, Purchaser may use letters of credit in lieu of a surety bond for payment bond purposes when approved by Contracting Officer.

  • Amendments to Credit Agreement The Credit Agreement is hereby amended as follows:

  • Line of Credit Subject to the terms and conditions of this Agreement, Bank hereby agrees to make advances to Borrower from time to time up to and including April 2, 2015, not to exceed at any time the aggregate principal amount of One Million Five Hundred Thousand Dollars ($1,500,000.00) (“Line of Credit”), the proceeds of which shall be used to finance Borrower’s working capital requirements. Borrower’s obligation to repay advances under the Line of Credit shall be evidenced by a promissory note dated as of May 1, 2012 (“Line of Credit Note”), all terms of which are incorporated herein by this reference.

  • of the Credit Agreement Section 6.02 of the Credit Agreement is hereby amended as follows:

  • Credit Line If your application is approved by us, this agreement will constitute a revolving line of credit for an amount which will be the credit line under your Account. We will advise you of the amount of your credit line. That amount will be the maximum amount you may have outstanding at any time. You agree not to attempt to obtain more credit than the amount of your credit line. However, if you temporarily exceed your credit line, you agree to repay the excess immediately, even if we have not yet billed you. Obtaining such credit does not increase your credit line and if you exceed your Credit Limit repeatedly, we may suspend your credit privilege under this Agreement. We retain the right to increase or decrease your credit line at any time for any reason. Any increase of reduction on the limit of your credit line will be shown on your monthly statement or by separate notice together with any changes in the applicable minimum monthly payments. Your eligibility for this credit line is determined by our loan policy and may be terminated at our sole discretion, without demand or notice. You may close your credit line at any time by notifying us in writing and returning all Cards cut in half. If you terminate this Agreement or if we terminate or suspend your credit privileges, the provisions of this Agreement and your liability hereunder shall otherwise remain in full force and effect until you have paid us all sums due under this Agreement and returned all Cards.

  • Non-Credit Courses In all cases, no tuition remission shall be made for courses not carrying academic credit, with the exception of nursery school. Individuals may take noncredit courses for one- half of the normal course fee, but no person will be allowed to take two or more such courses simultaneously at this rate. Registration will be handled on a first-come, first-serve basis with no more than twenty percent of the total available places being held for this purpose. A course not being closed on the first day of class may have additional individuals admitted at one-half of the normal course fee.

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