New Advances. Purchaser agrees, on the terms and conditions hereinafter set forth, to make advances (the "ADVANCES") to Borrower on such dates and in such amounts as shall be mutually agreed to between Borrower and Purchaser in an aggregate amount, when combined with the amounts outstanding under the Existing Advance, not to exceed at any time outstanding the Total Commitment; PROVIDED, HOWEVER, that Purchaser shall only be required to make any Advance if the conditions set forth in SECTION III have been satisfied or waived by Purchaser. In furtherance of the foregoing, representatives of Purchaser will meet with Borrower and the other Constituent Corporations from time to time to review the financial results of Borrower and the other Constituent Corporations, the need for additional financing and the payment of creditors, and Purchaser and Borrower will mutually agree upon the timing, amounts and uses of the Advances. In addition, Purchaser will provide resources to Borrower and the other Constituent Corporations to assist in the management of Borrower's and the other Constituent Corporations' accounts payable.
New Advances. Each 2001 Lender severally agrees, on the terms and conditions hereinafter set forth, to make a single Advance to the Borrower on the Restatement Effective Date in an aggregate amount not to exceed the amount set forth opposite such 2001 Lender's name on Annex II hereto under the caption "Advances" or, if such 2001 Lender has entered into one or more Assignments and Acceptances, set forth in the Register maintained by the Administrative Agent pursuant to Section 8.07(c).
New Advances. On and subject to the terms of this Agreement, the Issuer agrees to make to the Borrower a New Advance in an amount equal to the aggregate principal amount of each issue of New Notes. Each New Advance will rank subordinate to any existing tranche of the Facility.
New Advances. Each Advance under Sections 2.1 and 2.2 (but not 2.3) will bear interest at one of the interest rates set forth below, at a Borrower's discretion (except that Advances under Section 2.2 must bear interest at the Adjusted Acquisition Facility Floating Rate), subject to the terms and conditions contained in this Agreement. In order to request an Advance, a Borrower must give notice to the Bank of each proposed Advance, with such prior notice as required by Section 2.5(b) for the appropriate Type of Advance. Each such request is effective upon receipt by the Bank, must be in writing (in the form of Exhibit 2.5) or by telephone, and must specify the Funding Date, the amount of the requested Advance, the Type of Advance and the Advance Period being requested. For purposes of determining required notice periods, (a) with respect to Floating Rate Advances, requests received by the Bank after 11:00 am., Detroit time, will be treated as received prior to 11:00 am., Detroit time, on the next succeeding Business Day and (b) with respect to Libor Rate Advances, requests received by the Bank after 1:00 pm., Detroit time, will be treated as received prior to 1:00 p.m., Detroit time, on the next succeeding Business Day.
New Advances. Beginning on August 15, 1999 and for the entire second year, Vendor shall pay to Owner a monthly advance of fifty thousand dollars ($50,000). So long as Vendor desires to renew the Agreement thereafter, it shall continue to pay Owner this fifty thousand dollar ($50,000) per month advance. Except for the one hundred thousand dollar ($100,000) advance described in paragraph 6 below, which will be recouped as described in paragraph 6, any and all other advances paid by Vendor to Owner shall be applied against amounts remitted to Owner ("Remitted Amount"), as described in Paragraph 9.2 of the First Amendment.
New Advances. The Borrowers will not make any new requests for advances under the Revolving Credit Facility during the Forbearance Period and will not request or require the issuance of any new Letters of Credit during the Forbearance Period except for renewals of existing Letters of Credit in amounts which separately do not exceed the separate amount of each individual Letter of Credit.
New Advances. During the term of the Loans, if the Outstanding Debt has been reduced to an amount below $2,450,000 (the "Credit Limit"), TAG may request additional advances (each of which, a "New Advance"), each in an amount of not less than $10,000, in accordance with the following procedure:
New Advances. The Borrower shall give the Administrative Agent notice in the form of Exhibit C-l (a “Borrowing Notice”), specifying the Borrowing Date, which shall be a Business Day, of such Advance and the aggregate amount of such Advance. Borrower will deliver each Borrowing Notice to the Administrative Agent not later than 10:00 a.m. (Chicago time) three (3) Business Days before the Borrowing Date of each Advance. Not later than 2:00 p.m. (Chicago time) on each Borrowing Date, each Lender shall make available its Loan or Loans in funds immediately available to the Administrative Agent at its address specified pursuant to Article XIII to be immediately provided to the Borrower on the Borrowing Date. The Administrative Agent will make the funds so received from the Lenders available to the Borrower at the Administrative Agent’s aforesaid address.
New Advances. Except as set forth below, the Borrowers will not make any new requests for advances under the Revolving Credit Facility during the Forbearance Period and will not request or require the issuance of any new Letters of Credit during the Forbearance Period except for renewals of existing Letters of Credit in amounts which separately do not exceed the separate amount of each individual Letter of Credit; provided, however, that as of the Fifth Amendment Closing Date, the Borrowers may make advance requests and reborrow under the Revolving Credit Facility, without regard to borrowing base or advance formulas, the non-permanent paydowns made by the Borrowers to the Lenders pursuant to Sections 10.9 and/or 10.13, so long as no Forbearance Event of Default shall then exist.
New Advances. This sub-clause applies where an Advance Date is the last day of the Term of an outstanding Advance (the "Old Advances") and where Advance(s) are due to be advanced on that Advance Date (the "New Advances"). If the aggregate amount of those New Advances (which, in the case of a New Advance in an Optional Currency, will be its Original Euro Amount) is less than or equal to the aggregate amount of the Old Advances (which, in the case of an Old Advance in an Optional Currency, will be its Original Euro Amount) the conditions in Clauses 6.4(C) and 6.4(D) will not apply.
