Financing Amount. The aggregate face amount of the Draft relating to the purchase of goods identified in each Request for Acceptance will not exceed the Cost of such goods. No financing, acceptance or otherwise, other than that provided under this Agreement has been or will be outstanding for such goods; and no Acceptance created hereunder shall finance the goods financed by an Acceptance created as part of another Acceptance hereunder or by a Revolving Loan hereunder.
Financing Amount. The amount of the Financing shall be One Million Four Hundred Thousand and No/100 Dollars ($1,400,000.00) (the “Financing Amount”), which Lender shall wire transfer to Borrower in accordance with Sections 5 and 18, subject to the satisfaction of all conditions to Lender’s obligations to fund such amount contained in the Financing Documents.
Financing Amount. The Owner intends to request the issuance of the PID Bonds, subject to the condition that the maximum cost of Authorized Improvements to be funded plus issuance and other financing costs shall not exceed $11,800,000.
Financing Amount. The amount of the Financing shall be Two Hundred Twenty Five Thousand and No/100 Dollars ($225,000.00) in the aggregate (the "Financing Amount") in three tranches evidenced by three separate Notes as follows: (i) $100,000.00 (the "First Tranche") to be provided on the initial Closing Date (the "First Tranche Date"), (ii) $67,000.00 to be provided 30 days following the First Tranche Date (the "Second Tranche Date") and (iii) the balance of $58,000.00 to be provided on or about October 1, 2018 or 30 days following the Second Tranche Date whichever is later (the "Third Tranche Date"). Lender shall deliver Financing Amount to Borrower in accordance with Sections 5 and 18 subject to the satisfaction of all conditions to Lender's obligations to fund such amount contained in the Financing Documents.
Financing Amount. Assuming and after giving effect to funding of the Subscription Amount of the Purchaser asserting this closing condition, the Company shall receive at Closing gross proceeds of at least the Financing Amount.
Financing Amount. (a) Subject to the conditions set forth herein, City agrees to lend (“Loan”) Borrower up to 100 % of the actual and verified cost of the Work(the “Financing Amount”), provided the Financing Amount shall not exceed thirty thousand dollars ($30,000.00) (the “Maximum Financing Amount”). The Program Administrator shall determine the Financing Amount based on the best available written evidence of the Work’s actual cost and in the exercise of the Program Administrator’s sole discretion. The Program Administrator shall disburse the Financing Amount to Borrower following the post-completion inspection of the Restaurant Improvements by Program Staff, as described in Section 4 below. In the event that the actual cost of the Work exceeds the Maximum Financing Amount, Borrower shall be solely responsible for the payments of all costs of the Work which exceed the Maximum Financing Amount, and Xxxxxxxx agrees to complete the Work and to fund all costs associated with such completion which may exceed the Maximum Financing Amount.
(b) Upon execution of this Agreement, the Parties agree that the City will have a lien instated in the office of the County of San Bernardino Auditor-Controller/Recorder in the amount of the Financing Amount, which will be released upon final repayment of the Financing Amount. Borrower represents that the Owner of the Property has expressly consented to the lien instated on the Property, and Borrower shall provide written proof of such authorization upon request of the City.
(c) Interest shall accrue on the unpaid Financing Amount from the date City disburses the Financing Amount to Borrower at the simple interest rate of two percent (2%) per annum and shall be payable in installments as set forth in Exhibit “C” attached hereto and incorporated herein by this reference. Interest shall be computed on the basis of three hundred sixty (360) days a year.
(d) The execution of this Agreement by the parties constitutes the confirmation of the loan of the Financing Amount without any further action required by the parties.
(e) The lien of the Financing Amount shall be co-equal to and independent of the lien for general taxes, and, except as provided in Government Code section 53935.6, not subject to extinguishment by the sale of the Property on account of the nonpayment of any taxes, and is prior and superior to all liens, claims and encumbrances on or against the Property except (i) the lien for general taxes or ad valorem assessments in the nature of...
Financing Amount. Up to [__] Canadian Dollars ($[__]).
Financing Amount. 27.1 Initial Maximum Financing Amount The Maximum Financing Amount shall be EUR 230,000,000 (two hundred thirty million Euros) at the effective date of the Agreement. After that date, the Maximum Financing Amount may be reduced according to the conditions set out in Clause 27.2.
Financing Amount. The Company shall receive at Closing at least 80% of the Financing Amount (the “Required Financing Amount”); provided that if the Company receives at Closing less than 100% of the Financing Amount, then each Purchaser participating in the Closing may elect to reduce the number of Shares it is purchasing (“Ownership Reduction Election”) so that such Purchaser’s percentage ownership of the Company’s outstanding capital stock immediately following the Closing and the consummation of the Merger (“Post-Closing Ownership”) is equal to the Post-Closing Ownership such Purchaser would have held had the Company received 100% of the Financing Amount at the Closing. For the avoidance of doubt, the Ownership Reduction Elections shall not be taken into account when determining whether the Required Financing Amount has been received for purposes of this Section 5.14.
