FINANCING CONDITIONS. The balance of purchase price shall be paid as follows:
(a) CASH: The balance of the purchase price will be paid in cash (by cashier’s or certified check) at closing. Buyer to provide proof of funds within working days. (Mon-Fri).
FINANCING CONDITIONS. This Contract is conditioned upon BUYER obtaining financing within days (30 days if left blank) of the Effective Date as described below and in accordance with the terms of Standard Terms, Paragraph C. BUYER agrees to make loan application within days (5 days if left blank) of the Effective Date.
a. BUYER will obtain / assume a loan (the “Loan”) in the principal amount of $ to be amortized in monthly installments over years at an initial rate of % per year, secured by a Mortgage / Deed of Trust on the property or as required by the lender.
b. Origination Fees not exceeding % of the Loan shall be paid at closing by .
c. Commitment Fees not exceeding % of the Loan shall be paid at closing by .
d. Loan Discount Fees not exceeding % of the Loan shall be paid at closing by .
e. Mortgage Insurance Premium required by lender not exceeding % of the Loan amount shall be paid at closing by and future premiums, if any, shall be added to the monthly payment.
f. Loan Transfer / Call Clause Waiver Fee not exceeding $ shall be paid at closing by
FINANCING CONDITIONS. The following Supplemental Agreement is attached to and made a part of this Contract:
FINANCING CONDITIONS. The following Financing Conditions shall remain in effect until such time as the Commission may order otherwise in a general rate case or other proceeding brought for that purpose:
1. GPE, KCP&L and GMO shall maintain separate capital structures to finance the activities and operations of each entity unless otherwise authorized by the Commission. Unless the Commission authorizes otherwise, GPE, KCP&L and GMO shall maintain separate Corporate Credit Ratings, and separate debt1 so that neither GPE, KCP&L nor GMO will be responsible for the debts of each other or their other affiliated companies. GPE, KCP&L and GMO shall also maintain separate revolving credit facilities and commercial paper, if any, unless the Commission authorizes otherwise. GPE, KCP&L and GMO shall also maintain separate preferred stock, if any. Neither KCP&L nor GMO shall guarantee the debt of the other, or of GPE, or of any of GPE’s other affiliates, or otherwise enter into make-well or similar agreements, unless otherwise authorized by the Commission. Neither KCP&L nor GMO shall pledge their respective stock or assets as collateral for obligations of any other entity, unless otherwise authorized by the Commission. 1 GMO’s Promissory Notes to GPE dated May 19, 2011 and June 15, 2012 that mature June 1, 2021 and June 15, 2022, respectively, are considered separate GMO debt.
2. KCP&L and GMO have indicated to the Staff their intent to utilize their respective utility-specific capital structure in general rate case filings subsequent to the close of the Transaction. In such filings, KCP&L or GMO (as applicable) shall provide
(a) evidence demonstrating that the Transaction has not resulted in a downgrade to that utility’s Corporate Credit Rating that exists at the time the general rate case is filed compared to the Corporate Credit Rating of that utility that existed as of May 27, 2016, or (b) if such a Corporate Credit Rating downgrade resulting from the Transaction exists at the time the general rate case is filed, evidence demonstrating that Missouri customers are held harmless from any cost increases resulting from such a downgrade, and (c) evidence supporting the reasonableness of using the utility-specific capital structure of KCP&L or GMO in determining a fair and reasonable rate of return for the applicable utility. GPE, KCP&L and GMO acknowledge that this provision shall not limit the position or positions any party to a rate case may take, or that the Commission may order, regardin...
FINANCING CONDITIONS. Following the delivery of any Offer in accordance with Clause 10.1 and subject to Clause 9, the Transferee shall send a notification to the Originators with a copy to the Depositor and Ixxxxx Micro Coordination Center BVBA/Sprl. in respect of all Transferable Receivables which are the subject of such Offer on the relevant Calculation Date in the form of Schedule 4 (the “Financing Conditions”).
FINANCING CONDITIONS. This Contract is conditioned upon BUYER obtaining financing within days (30 days if left blank) of the Effective Date as described below and in accordance with the terms of Standard Terms, Paragraph C. BUYER agrees to make loan application within days (5 days if left blank) of the Effective Date.
FINANCING CONDITIONS. Notwithstanding the amount of the credit facility, the aggregate amount of advances shall at no time exceed the total of: - 75% of the Borrower's CANADIAN receivables net of its deferred income or that of Taleo Corporation, based in San Francisco, California, (excluding holdbacks receivable, contra accounts and receivables of White Amber Inc. USA, accounts of doubtful quality xxx xxxxx aged 90 days or more); and - 75% of the Borrower's U.S. receivables net of its deferred income or that of Taleo Corporation, based in San Francisco, California, or 90% IF INSURED BY EXPORT DEVELOPMENT CANADA (EDC), (excluding holdbacks receivable, contra accounts and receivables of White Amber Inc. USA accounts of doubtful quality xxx xxxxx xged 90 days or more); and - 90% of the Borrower's foreign accounts receivable (other than US$) net of its deferred income or that of Taleo Corporation, based in San Francisco, California, if they are insured by EDC; otherwise no value will be taken into consideration (excluding holdbacks receivable, contra accounts and receivables of White Amber Inc. USA accounts of doubtful quality xxx xxx xxxounts aged 90 days or more). The value of the Borrower's accounts receivable shall be established monthly by taking into account claims ranking prior to the security of the Bank e.g.: deductions at source, salaries, accrued vacation pay, taxes. Each month, on the 20TH day of the following month, the Borrower shall furnish to the Bank a detailed list of its accounts receivable by identifying accounts in Canadian, U.S. and foreign currencies, insured accounts and its accounts payable according to age, and a monthly statement form of the available credit limit accompanying proof of payment of deductions at source, duly signed by the party(ies) authorized to sign on behalf of the company.
FINANCING CONDITIONS. Notwithstanding anything to the contrary herein, the Advance shall not be required to be made available to the Company by the applicable Financing Providers unless after giving effect to the provision of the Advance (and the Purchase of any Portfolio Investment being made with the proceeds thereof, if any), each of the following conditions is satisfied:
(a) no Event of Default (excluding any Collateral-Linked Event) has occurred and is continuing and the Investment Period has not otherwise ended; and
(b) the representations and warranties set forth in Article VI of this Agreement are true and correct in all material respects. Without limiting the generality of the foregoing, the Company shall not request any Advance (and no Advance shall be required to be made available to the Company by the applicable Financing Providers) if such Advance would be made against any Portfolio Investment that fails on the date of such Advance to satisfy the eligibility criteria on Schedule 3 (the “Eligibility Criteria”).
FINANCING CONDITIONS. 3.1 The Customer authorizes the Bank, but the Bank is not obliged, to debit from time to time his Account with the amount of interest accrued and unpaid by the Customer.
3.2 Provided that the Bank has not demanded payment of any amount outstanding under this Loan Facility, or has not terminated this Agreement, the Customer may, at the Bank's discretion, borrow, repay and reborrow up to the amount available under this Loan Facility at any time and from time to time in the following manner:
3.2.1 The Customer authorizes the Bank, daily or otherwise as and when determined by the Bank from time to time, to ascertain the position or net position (as the case may be) between the Customer and the Bank in respect to the deposit account or, if more than one, the deposit accounts maintained by the Customer with the Bank (herein called the "Account") and that
3.2.1.1 if such position or net position is a credit in favour of the Customer, the Bank may apply the amount of such credit or any part thereof, rounded to the nearest $200,000.00 as a repayment of the Loan Facility, and the Bank will debit the Account with the amount of such repayment; and
3.2.1.2 if such position or net position is a debit in favour of the Bank, the Bank will make an advance under the Loan Facility of such amount, rounded to the nearest $200,000.00 as is required to place the Account in such credit or net credit position as has been agreed between the Customer and the Bank from time to time, and the Bank may increase the unpaid balance owing under the Loan Facility, and credit the Account with the amount of such advance. provided that at no time shall the balance owing exceed the amount of the Loan Facility.
3.3 The Customer agrees to maintain an average monthly minimum credit balance in the Account, which may include compensating balances to cover service charges, reserves and debit float. Such balance shall be the amount agreed to in writing between the Customer and the Bank from time to time.
3.4 The Bank shall maintain on the books of its unit of account, accounts and records evidencing the outstanding principal amount of the loan of the Bank to the Customer under the Loan Facility together with any interest in respect thereof. The Bank shall maintain a record or computerized data of the amount of the balance, each advance, and each payment of principal and interest on account of the loan. The Bank's accounts and records constitute in the absence of manifest error prima facie evidence of ...
FINANCING CONDITIONS. The obligations of the Buyer are specifically subject to the provisions of the Financing Conditions set forth in __ _ _ _ __ _ __ _ _ __
