LIMITATION OF ALL ADVANCES Sample Clauses

LIMITATION OF ALL ADVANCES. Notwithstanding any other provision of this Agreement, no Advance hereunder shall be made if the conditions precedent contained herein and in the other Credit Documents have not been fully satisfied and performed. Bank shall not be obligated to honor any request for an Advance if an Event of Default or an Unmatured Event of Default shall have occurred or be continuing. In addition, Bank shall not be obligated to fund any amount in excess of its lending limitation as determined by applicable law; IT BEING UNDERSTOOD that the aggregate amount presently being lent to Borrower and Co-Borrower, pursuant to this Agreement and under the circumstances presently encompassing Borrower, Co- Borrower and Bank, is in compliance with the lending limitations as are applicable to Bank. In the event that Bank is unable to honor any request for an Advance under the Line of Credit as a result of lending limitations imposed upon Bank, for purposes of calculating the availability fee payable pursuant to SECTION 3.8, the unused available principal under the Line of Credit Note shall be reduced by the amount of the Line of Credit that Bank is unable to fund as a result of such limitation.
Sample 1
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LIMITATION OF ALL ADVANCES. Notwithstanding any other provision of this Agreement, no Advance hereunder shall be made if the conditions precedent contained herein and in the other Credit Documents have not been fully satisfied and performed. Bank shall not be obligated to honor any request for an Advance if an Event of Default or an Unmatured Event of Default shall have occurred or be continuing. In addition, Bank shall not be obligated to fund any amount in excess of its lending limitation as determined by applicable law; IT BEING UNDERSTOOD that the aggregate amount presently being lent to Borrower, pursuant to this Agreement and under the circumstances presently encompassing Borrower and Bank, is in compliance with the lending limitations as are applicable to Bank.
Sample 1
LIMITATION OF ALL ADVANCES. 9 3.5 Indebtedness..............................................9 3.6
Sample 1
LIMITATION OF ALL ADVANCES. Notwithstanding any other provision of this Agreement, no Advance hereunder shall be made if the conditions precedent contained herein and in the other Credit Documents have not been fully satisfied and performed. Bank shall not be obligated to honor any request for an Advance if an Event of Default or an Unmatured Event of Default shall have occurred or be continuing. In addition, Bank shall not be obligated to fund any amount in excess of its lending limitation as determined by applicable law; IT BEING UNDERSTOOD that the aggregate amount that could become available pursuant to this Agreement (i.e., $100,000,000) and under the circumstances presently encompassing Borrower and Bank, is in compliance with the lending limitations as are applicable to Bank.
Sample 1

Related to LIMITATION OF ALL ADVANCES

  • Conditions to All Advances The obligation of each -------------------------- Applicable Lender to make any Advance, including its initial Advance, shall also be subject to the satisfaction of the conditions precedent that on the date of such Advance:

  • Limitation on Advances To the extent that Loan proceeds disbursed by Lender pursuant to the Allocations are insufficient to pay all costs required for the acquisition, development, construction and completion of the Mortgaged Property after contribution of the Borrower’s Equity as required pursuant to Section 5.26 hereof, Borrower shall pay such excess costs with funds derived from sources other than the Loan. Under no circumstances shall Lender be required to disburse any proceeds of the Loan in excess of the Loan Amount.

  • CESSATION OF ADVANCES If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

  • Conditions Precedent to All Advances and Letters of Credit The Lender’s obligation to make each Advance or to cause the issuance of a Letter of Credit shall be subject to the further conditions precedent that:

  • CONDITIONS TO ALL BORROWINGS The obligations of the Lenders to make any Loan or issue any Letter of Credit, whether on or after the Closing Date, shall also be subject to the satisfaction of the following conditions precedent:

  • Consolidation of Future Advances Any future advances made prior to the related Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's consolidated interest or by other title evidence acceptable to Xxxxxx Xxx or Xxxxxxx Mac. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

  • The Advances The Liquidity Provider hereby irrevocably agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until 12:00 Noon (New York City time) on the Expiry Date (unless the obligations of the Liquidity Provider shall be earlier terminated in accordance with the terms of Section 2.04(b)) in an aggregate amount at any time outstanding not to exceed the Maximum Commitment.

  • Conditions to All Loans The obligations of Lenders to make Loans on each Funding Date are subject to the following further conditions precedent:

  • Conditions to Advances The obligation of Lender to make each Advance hereunder, including the Initial Advance, shall be subject to the prior or simultaneous occurrence or satisfaction of each of the following conditions:

  • Termination of Loans In addition to BTC’s authority to terminate a loan of Securities pursuant to the terms of the applicable Securities Lending Agreement as described in Section 2.4 above, BTC shall terminate any Securities loan to a Borrower in accordance with the applicable Securities Lending Agreement promptly:

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