Equipment Purchase Facility Sample Clauses

Equipment Purchase Facility. The Bank agrees to make loans and Advances to the Borrower, upon the Borrower's written request therefor made prior to the Expiration Date (as defined below in this Section 2.04), to assist the Borrower in purchasing items of Equipment. Each Advance made hereunder shall be in an amount not to exceed 100% of the Value of the items of Equipment being purchased; provided however, that at no time shall the total aggregate outstanding principal amount of Advances made under this Equipment Purchase Facility exceed the sum of $1,000,000.00. This Equipment Purchase Facility is on a non-revolving basis and any amounts repaid under the Equipment Purchase Facility may not be reborrowed. A.
Sample 1
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Equipment Purchase Facility. (a) Subject to and upon the terms and conditions contained herein, at any time and from to time after the later to occur of (i) the “Completion Date” under and as defined in the Kentucky IRB Lease Agreement and (ii) the Covenant Election Date, but prior to April 29, 2022 (or such later date as agreed to by Lender in its discretion) (the “Equipment Loan Advance Period”), at the request of Borrowers (such requests to be made by Borrowers no more frequently than one (1) time in any consecutive thirty (30) day period and not more than four (4) times during the Equipment Loan Advance Period), Lender may, in its sole and absolute discretion, make one or more Equipment Loans to Borrowers in an amount equal to eighty percent (80%) of the Hard Costs of Eligible New Equipment purchased by Borrowers after the Closing Date and prior to the expiration of the Equipment Loan Advance Period. The proceeds of any Equipment Loan made at Lender’s discretion shall be used solely for the payment of the purchase price (or to reimburse Borrowers for the cash payments previously paid by Borrowers for the purchase price) for the Eligible New Equipment specified in the Equipment Loan Request applicable to such Equipment Loan; provided, that, (x) to the extent that the proceeds of any Equipment Loan are used to reimburse Borrowers for the cash payments paid by Borrowers for the purchase price of any Eligible New Equipment, Borrowers shall have taken possession of such Eligible New Equipment within ninety (90) days prior to the date of Borrowers’ request for such Equipment Loan, and (y) no Equipment Loan Request shall include any Eligible New Equipment that supports any other Equipment Loan or other financing. Each Equipment Loan shall be in an amount of not less than $100,000.00. A single Equipment Loan may be used for the purchase price of one or more items constituting Eligible New Equipment specified in the Equipment Loan Request required to be delivered to Lender pursuant to Section 2.19(d)(i) below. The minimum amount of each Equipment Loan applies to the amount of such Equipment Loan, not to the amount of the purchase price of any individual item of Eligible New Equipment.
Sample 1
Equipment Purchase Facility. The Bank hereby agrees to make loans and Equipment Advances to assist each Borrower in purchasing items of Equipment, upon a written request therefor made by any Borrower to the Bank prior to November 30, 1998 (the "Equipment Purchase Facility"). Each Equipment Advances made hereunder shall be in an amount not to exceed 80% of the Value of the item(s) of equipment being purchased; provided, however, that at no time shall the total aggregate outstanding principal amount of Equipment Advances made hereunder exceed the sum of $3,000,000; and provided further that the amount of any Equipment Advances made hereunder which is repaid, in whole or in part, may not be reborrowed.
Sample 1
Equipment Purchase Facility. An equipment purchase facility (the "Equipment Purchase Facility") consisting of term loans for purchases of new equipment (each a "Equipment Term Loan"), available to Borrower upon request made from time to time until April 30, 1999 (subject to extension at the sole discretion of Lender), so long as no
Sample 1
Equipment Purchase Facility. The Bank agrees to make loans and Advances to the Borrower, upon the Borrower's written request therefor made prior to the Expiration Date (as defined below in this Section 2.04), to assist the Borrower in purchasing items of Equipment. Each Advance made hereunder shall be in an amount not to exceed 100% of the Value of the items of Equipment being purchased; provided however, that at no time shall the total aggregate outstanding principal amount of Advances made under this Equipment Purchase Facility exceed the sum of $1,000,000.00. This Equipment Purchase Facility is on a non-revolving basis and any amounts repaid under the Equipment Purchase Facility may not be reborrowed.
Sample 1
Equipment Purchase Facility. The Bank hereby agrees to make loans and advances ("Advances") to assist the Borrower in purchasing items of equipment, upon a request therefor made by the Borrower to the Bank prior to the Expiration Date (the "Equipment Purchase Facility"). Each Advance made hereunder shall be in an amount not to exceed 100% of the Equipment Value of the item(s) of new and used Equipment being purchased; provided, however, that at no time shall the total aggregate outstanding principal amount of Advances made hereunder exceed the sum of $1,000,000.00; and provided further that the amount of any Advance which is repaid, in whole or in part, may not be reborrowed.
Sample 1
Equipment Purchase Facility 
Sample 1
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Related to Equipment Purchase Facility

  • EQUIPMENT PURCHASE This Schedule contemplates Lessor's acquisition of Equipment for lease to Lessee, either by one of the first three categories listed below or by providing Lessee with Equipment from the fourth category, in an aggregate value up to the Commitment Amount referred to on the face of this Schedule. If the Equipment acquired is of category (i), (ii), (iii) below, the effectiveness of this Schedule as it relates to those items of Equipment is contingent upon Lessee's acknowledgment at the time Lessor acquires the Equipment that Lessee has either received or approved the relevant purchase documentation between vendor and Lessor for that Equipment.

  • Purchase Facility (a) On the terms and subject to the conditions hereof (including Section 1.2(c) below), the Seller may, in addition to each Reinvestment (as described below) hereunder, from time to time before the Facility Termination Date, request that (x) the Conduit Purchasers ratably (based on the aggregate Commitments of the Committed Purchasers in their respective Purchaser Groups) make Purchases (as described below), or (y) only if there is not a Conduit Purchaser in the applicable Purchaser Group or if a Conduit Purchaser (i) denies a request to purchase, or (ii) is otherwise unable or unwilling to fund such Purchase (and provides written notice of such to the Seller, the Servicer, the Administrator and its Purchaser Agent), the Committed Purchasers ratably make purchases in the Purchased Interest from the Seller (each such purchase is referred to herein as a “Purchase”). Each Committed Purchaser severally hereby agrees, on the terms and subject to the conditions hereof, to make Purchases of and Reinvestments from the Seller from time to time from the Closing Date to (but excluding) the Facility Termination Date, based on the applicable Purchaser Group’s Group Commitment Percentage of each Purchase requested pursuant to Section 1.2(b) (and, in the case of each Committed Purchaser in a Purchaser Group, its Commitment Percentage of such Purchaser Group’s Group Commitment Percentage of such Purchase). If at any time any Collections are received by the Servicer prior to the Facility Termination Date, the Seller hereby requests and each Purchaser, as applicable, hereby agrees, subject to the terms and conditions set forth in this Agreement, to make, simultaneously with such receipt, a reinvestment purchase (each, a “Reinvestment”) in additional Pool Receivables, the associated Related Security and Collections acquired by the Seller with each and every Collection received by the Servicer as and to the extent contemplated in Section 1.4(b) such that after giving effect to such Reinvestment, the Aggregate Capital immediately after such receipt and corresponding Reinvestment shall be equal to the Aggregate Capital immediately prior to such receipt.

  • Agent Purchases The Company acknowledges and agrees that Agent has informed the Company that the Agent may, to the extent permitted under the Securities Act and the Exchange Act, purchase and sell Common Stock for its own account while this Agreement is in effect, provided, that (i) no such purchase or sales shall take place while a Placement Notice is in effect (except to the extent the Agent may engage in sales of Placement Shares purchased or deemed purchased from the Company as a “riskless principal” or in a similar capacity) and (ii) the Company shall not be deemed to have authorized or consented to any such purchases or sales by the Agent.

  • Subsequent Purchase Price Payments On each Payment Date subsequent to the Closing Date, on the terms and subject to the conditions set forth in this Agreement, the Company shall pay to each Originator the Purchase Price for the Receivables generated by such Originator on such Payment Date:

  • The Equipment Notes Section 2.01 Authorization, Issuance and Authentication of the Equipment Notes;

  • Subsequent Purchases After the Closing Date, until the Purchase and Sale Termination Date, each Receivable and the Related Rights generated by each Originator shall be, and shall be deemed to have been, sold or contributed, as applicable, by such Originator to the Buyer immediately (and without further action) upon the creation of such Receivable.

  • Equipment Loans Section 2.3(b) of the Loan Agreement shall be amended and restated in its entirety as follows:

  • Receivables Purchase Price On the Closing Date, the Purchaser shall deliver to the Seller the Receivables Purchase Price, as provided in Section 2.1(b).

  • Purchase of Receivables (a) Effective on the date hereof, in consideration for the Purchase Price and upon the terms and subject to the conditions set forth herein, Originator does hereby sell, assign, transfer, set-over and otherwise convey to Buyer, without recourse (except to the extent expressly provided herein), and Buyer does hereby purchase from Originator, all of Originator's right, title and interest in and to all Receivables existing as of the close of business on the Business Day immediately prior to the date hereof and all Receivables thereafter arising through and including the Termination Date, together, in each case, with all Related Security relating thereto and all Collections thereof. In accordance with the preceding sentence, on the date hereof Buyer shall acquire all of Originator's right, title and interest in and to all Receivables existing as of the close of business on the Business Day immediately prior to the date hereof and thereafter arising through and including the Termination Date, together with all Related Security relating thereto and all Collections thereof. Buyer shall be obligated to pay the Purchase Price for the Receivables purchased hereunder in accordance with Section 1.2. In connection with consummation of the Purchase Price for any Receivables purchased hereunder, Buyer may request that Originator deliver, and Originator shall deliver, such approvals, opinions, information, reports or documents as Buyer may reasonably request.

  • Receivables (a) Other than in the ordinary course of business consistent with its past practice, such Grantor will not (i) grant any extension of the time of payment of any Receivable, (ii) compromise or settle any Receivable for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any Receivable, (iv) allow any credit or discount whatsoever on any Receivable or (v) amend, supplement or modify any Receivable in any manner that could adversely affect the value thereof.

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