Initial Advance Request and Certificate Sample Clauses

Initial Advance Request and Certificate. The Company shall have delivered to the Disbursement Agent, the Bank Agent and the Construction Consultant an Initial Standard Advance Certificate in the form of Exhibit B-1 signed by an Authorized Representative of the Company and an initial Advance Request, Borrowing Notice and (if applicable) Issuance Notice for the requested Advance in accordance with Section 2.4.1(a) with all attachments, exhibits and certificates required by Section 2.4.1(a) (including the other Certifying Consultants’ certificates in the form of Exhibits C-3 through C-4 and a commercial certificate issued by the Companies’ Register Bureau showing no proceedings against VML, Cotai Subsidiary or any other Loan Party formed in or registered as a foreign company in Macau SAR (excluding any Immaterial Subsidiary)). Such initial Advance Request (and corresponding Borrowing Notice) shall request an Advance in an amount sufficient to pay all undisputed amounts due and payable for work performed on such Secondary Project through the last day of the period covered by such initial Advance Request. The Company’s Initial Standard Advance Certificate shall also include the Summary Anticipated Cost Report, the Anticipated Cost Report, the Safe Harbor Scope Changes, Permit Schedule and the Material Construction Contracts Schedule for such Secondary Project, as well as the Project Budget and the Project Schedule for such Secondary Project and the updated Projected Sources and Uses Schedule required under Sections 3.3.8, 3.3.9 and 3.3.10 below, all of which shall be comply with the requirements of this Agreement and shall be in form and substance reasonably satisfactory to the Disbursement Agent, the Bank Agent and the Construction Consultant.
Sample 1
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Initial Advance Request and Certificate. The Company shall have delivered to the Disbursement Agent, the Bank Agent and the Construction Consultant an Initial Standard Advance Certificate in the form of Exhibit B-1 signed by an Authorized Representative of the Company and an initial Advance Request, Borrowing Notice and (if applicable) Issuance Notice for the requested Advance in accordance with Section 2.4.1(a) with all attachments, exhibits and certificates required by Section 2.4.1(a), (including the other Certifying Consultants’ certificates in the form of Exhibits C-3 through C-4 and a commercial certificate issued by the Companies’ Register Bureau showing no proceedings against VML, Cotai Subsidiary or any other Loan Party formed in or registered as a foreign company in Macau SAR (excluding any Immaterial Subsidiary)). Such Initial Advance Request (and corresponding Borrowing Notice) shall request an Advance in an amount sufficient to pay all undisputed amounts due and payable for work performed on the Primary Projects (other than the Four Seasons Macao Overall Project) through the last day of the period covered by such Initial Advance Request.
Sample 1

Related to Initial Advance Request and Certificate

  • Initial Advance On or prior to the Closing Date, Borrower shall have delivered to Agent the following:

  • Advance Request To obtain a Term Loan Advance, Borrower shall complete, sign and deliver an Advance Request (at least one (1) Business Day before the Closing Date and at least five (5) Business Days before each Advance Date other than the Closing Date) to Agent. The Lenders shall fund the Term Loan Advance in the manner requested by the Advance Request provided that each of the conditions precedent to such Term Loan Advance is satisfied as of the requested Advance Date.

  • Initial Advances The obligation of each Lender to make the initial Advance to be made by it or of the Administrative Agent to issue the initial Letters of Credit is subject to the following conditions precedent, each of which shall be satisfied prior to the making of the initial Advances (unless all of the Lenders, in their sole and absolute discretion, shall agree otherwise):

  • Advance Requests Borrower may request that Lender make an Advance by delivering to Lender an Advance Request therefor and Lender shall be entitled to rely on all the information provided by Borrower to Lender on or with the Advance Request. The Lender may honor Advance Requests, instructions or repayments given by the Borrower (if an individual) or by any Authorized Person.

  • Draw Request A Draw Request complying with the provisions of Section 3.1 hereof.

  • Incremental Loan Request Each Incremental Loan Request from the Borrower pursuant to this Section 2.14 shall set forth the requested amount and proposed terms of the relevant Incremental Term Loans or Incremental Revolving Credit Commitments. Incremental Term Loans may be made, and Incremental Revolving Credit Commitments may be provided, by any existing Lender (but each existing Lender will not have an obligation to make any Incremental Commitment, nor will the Borrower have any obligation to approach any existing lenders to provide any Incremental Commitment) or by any other bank or other financial institution (any such other bank or other financial institution being called an “Additional Lender”) (each such existing Lender or Additional Lender providing such, an “Incremental Revolving Credit Lender” or “Incremental Term Lender,” as applicable, and, collectively, the “Incremental Lenders”); provided that (i) the Administrative Agent, each Swing Line Lender and each L/C Issuer shall have consented (not to be unreasonably withheld or delayed) to such Lender’s or Additional Lender’s making such Incremental Term Loans or providing such Revolving Commitment Increases to the extent such consent, if any, would be required under Section 10.07(b) for an assignment of Loans or Revolving Credit Commitments, as applicable, to such Lender or Additional Lender, (ii) with respect to Incremental Term Commitments, any Affiliated Lender providing an Incremental Term Commitment shall be subject to the same restrictions set forth in Section 10.07(l) as they would otherwise be subject to with respect to any purchase by or assignment to such Affiliated Lender of Term Loans and (iii) Affiliated Lenders may not provide Incremental Revolving Credit Commitments.

  • Disbursement Requests Except as expressly provided in the Credit Agreement, Administrative Agent must receive Disbursement Requests in writing. Disbursement Requests will only be accepted from the applicable Authorized Representatives designated in the Disbursement Instruction Agreement. Disbursement Requests will be processed subject to satisfactory completion of Administrative Agent’s customer verification procedures. Administrative Agent is only responsible for making a good faith effort to execute each Disbursement Request and may use agents of its choice to execute Disbursement Requests. Funds disbursed pursuant to a Disbursement Request may be transmitted directly to the Receiving Bank, or indirectly to the Receiving Bank through another bank, government agency, or other third party that Administrative Agent considers to be reasonable. Administrative Agent will, in its sole discretion, determine the funds transfer system and the means by which each Disbursement will be made. Administrative Agent may delay or refuse to accept a Disbursement Request if the Disbursement would: (i) violate the terms of this Agreement; (ii) require use of a bank unacceptable to Administrative Agent or Lenders or prohibited by government authority; (iii) cause Administrative Agent or Lenders to violate any Federal Reserve or other regulatory risk control program or guideline; or (iv) otherwise cause Administrative Agent or Lenders to violate any applicable law or regulation.

  • Funding Request The Borrower hereby requests the Funding pursuant to Section 2.1 and Section 2.3 of the Loan Agreement.

  • Term Loan Advance Subject to Section 2.4(b), the principal amount outstanding under the Term Loan Advance shall accrue interest at a floating per annum rate equal to the greater of (A) six and one half of one percent (6.50%) and (B) one and one-half of one percent (1.50%) above the Prime Rate, which interest, in each case, shall be payable monthly in accordance with Section 2.4(e) below.

  • Disbursement of Advance Subject to the provisions of this Agreement, the Agent shall on each Drawdown Date pay to the Borrower the amounts which the Agent receives from the Lenders under Clause 4.5; and that payment to the Borrower shall be made:

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