Facility and Purpose Sample Clauses

Facility and Purpose. The Lender shall, on the terms set forth herein, make the Facility available to the Borrower to cover expected shortfall of financing under the Newbuilding Programme and for working capital purposes.
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Facility and Purpose. Subject to the terms of this Agreement, the Lender makes available to the Borrower a 364 day revolving loan facility in an aggregate amount equal to the Commitment. Amounts borrowed under this Agreement may only be used:
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Facility and Purpose. 8 2.1 FACILITY..........................................................8 2.2 LENDERS' RIGHTS AND OBLIGATIONS...................................8 2.3 PURPOSE...........................................................8
Sample 1
Facility and Purpose. Subject to the terms of this Agreement, the Lender makes available to the Borrowers a term loan facility in a maximum aggregate amount equal to the Maximum Facility Amount. The term loan facility shall be made available in two Loans (Vessel Loan 1 and Vessel Loan 2, each of which shall be made available to the relevant Borrower). Each Loan shall be capable of being drawn, up to the maximum amount of the relevant Vessel Loan, on the dates described in Clause 4.2(a).
Sample 1
Facility and Purpose. 1.1 This Agreement sets out the terms and conditions upon and subject to which the Banks will make available to the Borrower the Facilities in the total amount of up to USD 151,500,000 and EUR 44,153,000. Term Loan A and the Subordinated Term Loan shall be used to part finance the Acquisition and related expenses. Term Loan B shall be used to refinance the Borrower’s existing debt under the term loan, revolving credit and guarantee facility agreement between amongst others the Borrower and the Facility Agent dated 21 October 2005. Term Loan C shall be used to refinance the outstanding amount under the acquisition term loan agreement between the Borrower and the Facility Agent dated 21 October 2005. The Revolving Credit Facility shall be used to fund working capital requirements and seasonal fluctuations of the Group. Without affecting the obligations of the Obligors in any way, no Finance Party is bound to monitor or verify the use or application of amounts borrowed under this Agreement.
Sample 1
Facility and Purpose. This Agreement sets out the terms and conditions upon which the Banks will severally, in proportions as set out in Schedule 1 hereto, make available to the Borrower a revolving multicurrency credit (the "FACILITY") in the amount of up to USD 125,000,000 with the purpose of financing capital expenditures and general corporate purposes of the SCS Group (as herein defined).
Sample 1
Facility and Purpose. Subject to the terms of this Agreement, the Lenders make available to the Borrower a term loan facility in a maximum aggregate amount equal to the total of the Maximum Tranche A Facility Amount and the
Sample 1
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Facility and Purpose. Subject to the terms of this Agreement, the Lender makes available to the Borrower a loan for the maximum amount of up to USD 69,700,000 for the purpose set out in the preamble hereto. The Borrower shall procure that each Drawing is applied towards meeting up to 85 per cent of payments due under each Purchase Order and Software License Order and up to 85 per cent of the corresponding EKN Premium as the case may be. The maximum amount allocated for the financing of Purchase Orders is sixty nine million seven hundred thousand (69,700,000) USD, which amount may only be utilised for Purchase Orders where shipment is made during the Delivery Period. The maximum amount allocated for the financing of EKN Premium is five million eight hundred seventeen thousand eight hundred forty six (5,817,846) USD. For the avoidance of doubt the aggregate of all financing of Purchase Order and Software License Order and of all financing of EKN Premium shall not exceed 69,700,000 USD.
Sample 1
Facility and Purpose 
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Related to Facility and Purpose

  • Formation and Purpose Promptly following the Effective Date, the Parties shall confer and then create the Committees listed in the chart below, each of which shall have the purpose indicated in the chart. To the extent that after conferring both Parties agree that a given Committee need not be created until a later date, the Parties may agree to defer the creation of the Committee until one Party informs the other Party of its then desire to create the so-deferred Committee, at which point the Parties will thereafter promptly create the so-deferred Committee and schedule a meeting of such Committee within one (1) month. Committee Purpose Joint Steering Committee (“JSC”) Establish projects for the Anti-Infectives Program and establish the priorities, as well as approve budgets for such projects. Approve all subcommittee projects and plans. The JSC shall establish budgets not less than on a quarterly basis. Chemistry, Manufacturing and Controls Committee (“CMCC”) Establish project plans and review and approve activities and budgets for chemistry, manufacturing, and controls under the Anti-Infectives Program. Portions herein identified by [*****] have been omitted pursuant to a request for confidential treatment under Rule 24b-2 of the Securities Exchange Act of 1934, as amended. A complete copy of this document has been filed separately with the Securities and Exchange Commission. Committee Purpose Clinical/Regulatory Committee (“CRC”) Review and approve all research and development plans, clinical projects and publications, and regulatory filings and correspondence under the Anti-Infectives Program; review and approve itemized budgets with respect to the foregoing. Commercialization Committee (“CC”) Establish project plans and review and approve activities and budgets for commercialization activities under the Anti-Infectives Program. Intellectual Property Committee (“IPC”) Evaluate intellectual property issues in connection with the Anti-Infectives Program; review and approve itemized budgets with respect to the foregoing.

  • Parties and Purpose This agreement (the “Agreement”) is entered by and between certain portfolios and classes thereof, specified below and in Schedule C, of Franklin Xxxxxxxxx Variable Insurance Products Trust, an open-end management investment company organized as a statutory trust under Delaware law (the “Trust”), Franklin/Xxxxxxxxx Distributors, Inc., a California corporation which is the principal underwriter for the Trust (the “Underwriter,” and together with the Trust, “we” or “us”), the insurance company identified on Schedule A (together “you”) and your distributor, on your own behalf and on behalf of each segregated asset account maintained by you that is listed on Schedule B, as that schedule may be amended from time to time (“Account” or “Accounts”). The purpose of this Agreement is to entitle you, on behalf of the Accounts, to purchase the shares, and classes of shares, of portfolios of the Trust (“Portfolios”) that are identified on Schedule C, consistent with the terms of the prospectuses of the Portfolios, solely for the purpose of funding benefits of your variable life insurance policies or variable annuity contracts (“Contracts”) that are identified on Schedule D. This Agreement does not authorize any other purchases or redemptions of shares of the Trust.

  • Establishment and Purpose The Plan was adopted by the Board of Directors on October 28, 2012, and shall be effective immediately prior to the closing of the initial offering of Stock to the public pursuant to a registration statement filed by the Company with the Securities and Exchange Commission (the “Effective Date”). The purpose of the Plan is to promote the long-term success of the Company and the creation of stockholder value by (a) encouraging Employees, Outside Directors and Consultants to focus on critical long-range objectives, (b) encouraging the attraction and retention of Employees, Outside Directors and Consultants with exceptional qualifications and (c) linking Employees, Outside Directors and Consultants directly to stockholder interests through increased stock ownership. The Plan seeks to achieve this purpose by providing for Awards in the form of restricted shares, stock units, options (which may constitute incentive stock options or nonstatutory stock options), stock appreciation rights or cash-based awards.

  • Background and Purpose Executive was employed by the Company. Executive's employment is ending effective ____________ under the conditions described in Section 3.1 of the Executive Severance Agreement ("Agreement") by and between Executive and the Company dated ____________, 2012. The purpose of this Release is to settle, and the parties hereby settle, fully and finally, any and all claims the Releasing Parties may have against the Released Parties, whether asserted or not, known or unknown, including, but not limited to, claims arising out of or related to Executive's employment, any claim for reemployment, or any other claims whether asserted or not, known or unknown, past or future, that relate to Executive's employment, reemployment, or application for reemployment.

  • Specific Definitions The following terms used in this Agreement shall have the following meanings:

  • Access to Information and Documents Upon Purchaser's request, Seller shall give Purchaser access to Seller's personnel and all its properties, documents and records and shall furnish copies of documents requested by Purchaser. Purchaser shall not improperly disclose the same prior to the Closing.

  • Access to Information and Services ..28 Section 7.01. Provision of Corporate Records......................................................28 Section 7.02. Access to Information...............................................................28 Section 7.03.

  • Loan Purpose of Mortgage Pool by Aggregate Aggregate Weighted Weighted Weighted Number Cut-off Cut-off Average Average Average of Date Date Gross Remaining Comb Mortgage Principal Principal Interest Term Original Loan Purpose Loans Balance ($) Balance Rate (%) (months) LTV ------------------------------------------------------------------------------------------------------------------------- Purchase 1,622 109,692,260 48.11 9.587 214 95.76 Refinance - Cashout 606 83,435,587 36.59 7.537 311 79.79 Refinance - Rate Term 234 34,882,825 15.30 7.359 324 79.41 ------------------------------------------------------------------------------------------------------------------------- Total: 2,462 228,010,672 100.00 8.496 266 87.41

  • Duration and Scope of Covenants If any court or other decision-maker of competent jurisdiction determines that any of the Executive’s covenants contained in this Agreement, including, without limitation, any of the Restrictive Covenants, or any part thereof, is unenforceable because of the duration or geographical scope of such provision, then, after such determination has become final and unappealable, the duration or scope of such provision, as the case may be, shall be reduced so that such provision becomes enforceable and, in its reduced form, such provision shall then be enforceable and shall be enforced.

  • Continuance of Agreement This Agreement will continue in effect for a period of more than one year from the date of its effectiveness only so long as its continuance is specifically approved annually by a majority vote of both (a) the full Board of Trustees of the Fund and (b) those Trustees who are not interested persons of the Fund and who have no direct or indirect financial interest in the operation of the Plan or this Agreement (the "Independent Trustees"), cast in person at a meeting called for the purpose of voting on this Agreement.

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