Establishment of Credit. Subject to the terms of this Agreement and the Development Agreement, Lakes agrees to make advances to the Band in an amount not to exceed Fifteen Million Dollars ($15,000,000).
Establishment of Credit. Water shall be terminated or curtailed in the reverse order of the sequence provided in Sections 8.E.2(c) through 8.E.2(h) to the extent necessary to remove ice that is interfering with the operation of one or more Water Authority Hydroelectric Plants.
Establishment of Credit. Unless the Member’s credit is established to management’s satisfaction or unless the Member has a credit history consistent with the Substantive Rules of the Public Utility Commission of Texas, a deposit must be made, as hereafter provided, before service will be instituted. Credit must be established by credit history with the Cooperative, or by verified credit history with other utilities, or other methods satisfactory to management. A Member who owns the premises for which service application is made may be deemed to have established credit by virtue of such ownership, unless management has knowledge of factors that raise doubts as to the Member’s credit-worthiness, such as unsatisfactory credit history.
Establishment of Credit a. The Company is not obligated to provide service to any individual or firm that owes for services previously rendered by the Company at the same or a different address, until arrangements have been made to liquidate such previous indebtedness to the Company. Applicants for service who are required to make a deposit may be required to pay in advance of installation, the service connection, installation and/or construction charges. In order to insure the payment of all charges due for its service, the Company may require any customer to establish and maintain his credit in one or more of the following ways:
1) by authorizing a commercial credit check by the Company 1
2) by furnishing credit references acceptable to the Company.
3) by means of a cash deposit. 1 Companies who make use of commercial credit checks may incur reporting obligations under Red Flag Privacy reporting rules. EFFECTIVE: September 1, 2019
Establishment of Credit. Subject to the terms and conditions of this Agreement, the Lenders hereby establish in favour of the Borrower a term loan in an aggregate principal amount of $7,000,000, comprised of $5,000,000 from Argosy and $2,000,000 from Sherfam (the "Loan"), for the purposes of (i) financing the working capital requirements of the Borrower and its subsidiaries, as approved by the Lender and (ii) repayment of the existing term loan with The Rose Corporation and the obligations arising therefrom. The first and only advance under the Loan shall occur on such date (the "Funding Date") which shall be no later than January 31, 2003 or such other date as agreed to by the Lender, failing which all obligations on the part of the Lender hereunder shall, at the Lender's option, become null and void. The Borrower may avail itself of the Loan by way of one advance.
Establishment of Credit. Lender agrees to loan to Borrower an amount not to exceed in the aggregate Two Million One Hundred Sixty Thousand Dollars ($2,160,000.00), subject to the terms of this Agreement and a certain $2,160,000.00 Commercial Note of even date herewith.
Establishment of Credit. Customer shall furnish to Vandis all financial information reasonably requested by Vandis from time to time for the purpose of establishing or continuing Customer’s credit limit, it being understood that Vandis shall have the right to decline to extend credit to Customer and to require that the applicable purchase price be paid prior to shipment. Vandis shall have the right from time to time, without notice, to change or revoke Customer’s credit limit on the basis of changes in Vandis’ credit policies or Customer’s financial condition and/ or payment record. Any obligation of Vandis under these terms and conditions to deliver Products on credit terms shall terminate without notice if Customer files a voluntary petition under a bankruptcy statute, or makes an assignment for the benefit of creditors, or if an involuntary petition under a bankruptcy statue is filed against Customer, or if a receiver or trustee is appointed to take possession of the assets of Customer.
Establishment of Credit. 9 3.2 Utilization of the Credit........................................ 9 3.3 Drawdowns........................................................ 10 3.4
Establishment of Credit. (1) The Banks hereby establish in favour of the Borrower on the terms and conditions hereof a credit in the principal amount of $110,000,000.
(2) Subject to the terms and conditions hereof, each Bank will participate in each Drawdown in a proportion equal to its Bank's Proportion of such Drawdown.
(3) The rights and obligations of each of the Banks under this Agreement are several. The failure of a Bank to perform its obligations under this Agreement will neither:
(a) result in the Agent or any other Bank incurring any liability whatsoever; nor
(b) relieve the Agent or any other Bank from their respective obligations under any Document. Nothing contained herein or in any other Document nor any action taken pursuant hereto or thereto will be deemed to constitute the Banks a partnership, joint venture or any other similar such entity.
Establishment of Credit. Subject to the terms and conditions of this Agreement, the Lenders hereby establish in favour of the Borrower a term loan in an aggregate principal amount of $3,000,000, comprised of $2,000,000 from Edwardx xxx $1,000,000 from Sherfam (the "Loan"), for the purposes of financing the working capital requirements of the Borrower and its subsidiaries, as approved by the Lenders. The first and only advance under the Loan shall occur on such date (the "Funding Date") which shall be no later than January 31, 2003 or such other date as agreed to by the Lenders, failing which all obligations on the part of the Lenders hereunder shall, at the Lenders' option, become null and void. The Borrower may avail itself of the Loan by way of one advance.
