Equity Investment Commitments Sample Clauses

Equity Investment Commitments. Subject to the terms and conditions set forth herein, Lessor shall maintain outstanding the Equity Investment in Dollars, in immediately available funds, in an amount equal to its Commitment as set forth on Schedule I hereto. Amounts repaid or prepaid in respect of the Equity Investment may not be re-borrowed.
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Equity Investment Commitments. Subject to the terms and conditions set forth herein, Lessor shall make installments of Equity Investment in Dollars, in immediately available funds, in the form of Advances in an amount that will not result in the aggregate amount of Lessor’s Equity Investment exceeding its Commitment as set forth on Schedule I hereto. All installments of Equity Investment shall be paid to the Constructor (or its designee) on the Advance Dates in accordance with Sections 3.3 and 3.4 and the proceeds of the Equity Investment shall be applied in accordance with Section 3.5. Amounts repaid or prepaid in respect of the Equity Investment may not be re-borrowed.
Sample 1

Related to Equity Investment Commitments

  • Revolving Commitments (a) Subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans (“Revolving Loans”) to the Borrower from time to time on any Business Day during the Commitment Period, at such times as the Borrower may request in accordance with Section 2.2, in an aggregate principal amount at any one time outstanding which, when added to such Lender’s Applicable Percentage of the aggregate principal amount of Swingline Loans then outstanding, does not exceed the amount of such Lender’s Commitment; provided, however, that (i) no Revolving Loan shall be made to the extent the aggregate unpaid principal amount of all Loans would exceed the Total Commitments, (ii) no Borrowing Base A Loans shall be made to the extent that the aggregate unpaid principal amount of all Borrowing Base A Loans would exceed the aggregate Loan Value of the Pledged Eligible Assets (including the Pledged Eligible Assets referred to in Section 2.2(a)(ii) with respect to such Revolving Loan) and (iii) no Borrowing Base B Loans shall be made to the extent that the aggregate amount of all Borrowing Base B Loans would exceed the Borrowing Base B Limit; provided further that Borrowing Base B Loans may not be borrowed on any date in any rolling period of 90 consecutive days if Borrowing Base B Loans have already been outstanding for 30 days during such period. During the Commitment Period, the Borrower may borrow, prepay the Revolving Loans in whole or in part, and reborrow, all in accordance with the terms and conditions hereof. (b) The Borrower shall repay all outstanding Revolving Loans on the Termination Date. (c) The failure of any Lender to make any Revolving Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Revolving Loans as required.

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