Method of Making Advances Sample Clauses

Method of Making Advances. Advances under the Facility will be by way of either Direct Advances or Cash Advance Deposits.
Sample 1Sample 2Sample 3See All (10)
AutoNDA by SimpleDocs
Method of Making Advances. 6 2.3 Purpose................................................................... 6 2.4 Termination of the Facility............................................... 7
Sample 1See All (5)
Method of Making Advances. Advances under the Redraw Facility will be made in accordance with clause 4.4.
Sample 1Sample 2
Method of Making Advances. Depending on the requirements of the applicable Senior Construction Lender for an Approved Project, the Lender shall loan the Tranche Amount or portion of the Tranche Amount applicable to such Approved Project (a) by wire transferring such Tranche or portion thereof to a bank account of the Borrower or to a bank account of the applicable Hotel Owner as the Borrower directs the Lender in writing or (b) if directed by Borrower in writing to an escrow account established in connection with the Senior Construction Loan for such Approved Project or (c) if directed by Borrower in writing to the Senior Construction Lender for such Approved Project. The execution of this Agreement by the Borrower shall constitute an irrevocable authorization to so advance the proceeds of the Loan. All such advances shall satisfy pro tanto the obligations of the Lender to make advances of the Loan pursuant to Section 2.1, shall be treated as a loan advance to the Borrower as of the date so advanced, shall become part of the Loan Obligations and shall be secured by the Loan Security as fully as if made directly to the Borrower in cases where such advances are made to a Person other than the Borrower.
Sample 1
Method of Making Advances. Unless an Event of Default has occurred and is continuing, Bank may make all Advances, including the Construction Costs Retainage, directly to Borrower by deposit into the Borrower's Project Account or, at the Bank's option, directly to the party entitled to payment as shown in the relevant Loan Requisitions. If an Event of Default has occurred and is continuing, Bank shall have the right (but not the obligation) to make all Advances, should Bank elect to continue making Advances, to the parties shown in relevant Loan Requisitions to be entitled thereto or as determined by Bank under the enforcement of the Collateral Agreements and deliver the Construction Costs Retainage directly to the Contractor or deliver same to the Title Insurer for disbursement.
Sample 1
Method of Making Advances. If, on any Business Day, the Lender receives at the location specified in Section 8.01 hereof, a Notice of Advance signed by two Authorized Officers of the Town, not later than 12:00 noon on such Business Day, the Lender shall, subject to satisfaction of the requirements of Article III hereof, transfer to the Town not later than 2:00 p.m. on the next Business Day (or such later date as specified by the Town in the Notice of Advance), in immediately available funds, an amount equal to the Loan thereby requested. If the Notice of Advance is received after 12:00 noon on a Business Day, the Lender shall, subject to satisfaction of the requirements of Article III hereof, transfer to the Town not later than 12:00 noon on the second Business Day after receipt of such Notice of Advance (or such later date specified by the Town in the Notice of Advance), in immediately available funds, an amount equal to the Loan thereby requested. If a Notice of Advance is given by facsimile or electronic transmission, the Town shall promptly deliver an original of such Notice of Advance by postage prepaid, U.S. Mail; provided that the receipt of such original is not a condition to the Lender’s obligation to advance funds hereunder. A Notice of Advance shall be irrevocable after receipt thereof by the Lender. Each Notice of Advance shall specify the following information:
Sample 1

Related to Method of Making Advances

  • Method of Making Payments Except as otherwise specifically provided herein, all payments hereunder shall be made to the Lender not later than the close of business (Houston time) on the date when due unless such date is a non-Business Day, in which case, such payment shall be due on the first Business Day thereafter, and shall be made in lawful money of the United States of America in immediately available funds.

  • Method of Borrowing Not later than 2:00 p.m. (New York time) on each Borrowing Date, each Lender shall make available its Loan or Loans in funds immediately available in Chicago to the Administrative Agent at its address specified pursuant to Article XIII. The Administrative Agent will make the funds so received from the Lenders available to the Borrower at the Administrative Agent’s aforesaid address.

  • Making Advances To refrain from making any advances under this Agreement but Lessor may make advances after the happening of any such event without thereby waiving the right to refrain from making other further advances or to exercise any of the other rights Lessor may have.

  • Method of Selecting Types and Interest Periods for New Advances The Company shall select the Type of Advance and, in the case of each Eurodollar Advance, the Interest Period applicable thereto from time to time. The Company shall give the Agent irrevocable notice (a “Borrowing Notice”) not later than 12:00 noon (New York City time) on the Borrowing Date of each Floating Rate Advance and not later than 12:00 noon (New York City time) three (3) Business Days before the Borrowing Date for each Eurodollar Advance, specifying:

  • Method of Liquidation Upon the happening of any of the events specified in Section 10.1 above, which require the Partnership to be liquidated and dissolved, the then General Partner of the Partnership or, in the event there is no remaining General Partner of the Partnership, such persons as may be designated by a majority of the Limited Partners, shall convert the Partnership assets into cash, and shall account for all cash proceeds separately for each Restaurant. All such cash shall be applied and distributed separately for each Restaurant in the following manner and in the following order of priority:

  • Method of Adjustment Calculation Agent Adjustment; notwithstanding anything in the 2002 Definitions to the contrary, the Calculation Agent may make an adjustment pursuant to Calculation Agent Adjustment to any one or more of the Base Amount, the Forward Price and any other variable relevant to the settlement or payment terms of the Transaction.

  • Method of Payments Any amount due under this Guarantee shall be paid:

  • Method of Computation To determine the Adviser’s liability with respect to the Excess Amount, each month the Fund Operating Expenses for the Fund shall be annualized as of the last day of the month. If the annualized Fund Operating Expenses for any month exceeds the Operating Expense Limit of the Fund, the Adviser shall first waive or reduce its investment advisory fee for such month by an amount sufficient to reduce the annualized Fund Operating Expenses to an amount no higher than the Operating Expense Limit. If the amount of the waived or reduced investment advisory fee for any such month is insufficient to pay the Excess Amount, the Adviser shall also remit to the Fund an amount that, together with the waived or reduced investment advisory fee, is sufficient to pay such Excess Amount.

Time is Money Join Law Insider Premium to draft better contracts faster.