Payment of Advances. If a successor Servicer is appointed under the Servicing Agreement, the predecessor Servicer will be entitled to be reimbursed for the Advance Balances outstanding on the date of resignation or termination of the predecessor Servicer. Advance Reimbursement Amount for a Lease will be applied (a) first, to the Advance Balances outstanding on the date of resignation or termination of the predecessor Servicer and (b) second, to any remaining Advance Balances.
Payment of Advances. Advances are subject to all provisions of the Agreement. Company shall have absolute and complete discretion to withhold payment of any or all Advances to GA/Rep. Advances may be withheld for any reason, including but not limited to, doubts that a policy will be issued or accepted, failure to submit appropriate premium with applications, and actual or potential Indebtedness by GA/Rep and/or other persons or entities in GA/Rep’s down line distribution hierarchy to Company. Further, Company shall have absolute and complete discretion to determine whether applications submitted by GA/Rep qualify for Advances.
Payment of Advances. Now, if Grantor shall pay said indebtedness and any future advances, additional advances, readvances or any other indebtedness in addition to the original indebtedness set forth herein, and secured hereby, and keep and perform all of the covenants and agreements of this deed of trust, it shall become null and void.
Payment of Advances. The Lender will make available to the Borrowers each Advance by payment or deposit of the Advance at the direction of the Servicer (which may include payment directly to the Dealer originating the Lease and Leased Vehicle purchased with the Advance).
Payment of Advances. Borrower shall repay the outstanding amount of (a) all Revolving Advances on the Revolving Credit Termination Date and (b) all Term Advances on the dates set forth in Section 2.05, or if earlier, on the Term Loan Termination Date.
Payment of Advances. To the extent not previously paid, all then outstanding Advances shall be due and payable on the Term Loan Maturity Date, together with accrued and unpaid interest on the principal amount to be paid and all fees and expenses payable hereunder. The Obligors shall make all payments under this Agreement by wire transfer in immediately available funds without setoff, recoupment or deduction and regardless of any counterclaim or defense.
Payment of Advances. Each Managing Agent severally agrees, on behalf of its Ownership Group, in each case pro rata based on the respective Applicable Pro Rata Share of its related Ownership Group, to remit the applicable Advances to RCFC on the related Advance Date not later than 3:00 p.m. New York City time on such Advance Date by wire transfer of immediately available funds in U.S. Dollars to RCFC’s account no. 00000000, ABA# 000000000, maintained at Deutsche Bank Trust Company Americas (ref: Rental Car Finance Corp. Series 2010-3) (or such other account as may from time to time be specified by RCFC in a notice to each Managing Agent).
Payment of Advances. 7.1. Each advance shall be deemed to be an advance under the Project Loan, as well as an advance under the Revolving Line. Each advance shall be made, in whole or in part, by either: (i) paying the Borrower, or (ii) after an Event of Default, at the Lender’s discretion, paying the contractor or any subcontractor or laborer or materialmen performing work on the Improvements, or (iii) in such other manner as shall be mutually agreed upon by the Borrower and the Lender. Notwithstanding anything in the Agreement or the Loan Documents to the contrary, no advance or approval given by the Lender, whether or not before or after an inspection of the Improvements by the Inspector or otherwise, shall be deemed to be an approval or acceptance by the Lender of any work or materials done or furnished with respect to any Improvements or a representation by the Lender as to the fitness of that work or materials.
7.2. The Lender shall not be required to make any advance under the Revolving Line or any Project Loan if, in its opinion: (i) the amount of the advance shall, when added to all amounts previously advanced for the Project, be greater than Construction Costs incurred by the Borrower for that Project as of the date of the requested advance; or (ii) an unfunded Balancing Equity exists for the Project.
7.3. Notwithstanding anything in this Agreement or any other Loan Documents to the contrary, if the Lender does not make an advance because any condition to the making of the advance shall not have been satisfied by the Borrower within thirty (30) days after the Borrower has been notified in writing of any unsatisfied condition, then Borrower’s failure to satisfy the condition shall be deemed an event of default under Section 9 of this Agreement .
7.4. If the Lender makes advances before they are due because the Lender believes it advisable so to do, those advances shall be deemed to be made pursuant to and not in modification of this Agreement. However, the making of any such advance, in whole or in part, shall not be deemed a waiver of any unsatisfied condition or an acceptance or approval of any act or failure to act by the Borrower .
7.5. The Borrower shall receive the advances to be made under this Agreement and shall hold the right to receive such advances as a trust fund. Borrower will first apply the advances to the payment of the Construction/Development Costs for the Improvements before using any part of the advance for any other purpose.
Payment of Advances. We will pay you the Initial Advance once you have completed and submitted our payment instruction form. If you chose the Monthly Advance Option, we will pay you each Monthly Advance on each date falling on a monthly anniversary of the date of the Initial Advance (or such other date as we may agree) for the period specified in the Commercial Terms.
Payment of Advances. Default in the payment when due of any principal on the Advances; or
