Procedure for Increasing the Invested Amount Sample Clauses

Procedure for Increasing the Invested Amount. Subject to the terms and conditions of subsection 2.4(b), on any Business Day during the Revolving Period, the Invested Amount may be increased (an "Increase") upon the request of the Master Servicer or the Company (each date on which an increase in the Invested Amount occurs hereunder being herein referred to as the "Increase Date" applicable to such Increase) up to an amount equal to the Certificate Maximum on such day; provided, that the Master Servicer or the Company, as the case may be, shall have given the Trustee and each VFC Certificateholder requested to participate in such Increase irrevocable written notice (effective upon receipt), substantially in the form of Exhibit F hereto, of such request no later than the applicable times specified in Section 3C.4 with respect to the Funding Period or Periods to apply to such Increase. Such notice shall state (w) the Increase Date, (x) the proposed amount of such Increase (the "Increase Amount"), (y) the VFC Certificateholders designated to participate in such Increase and (z) the amount of such Increase to be allocated to each such participating VFC Certificateholder. Upon satisfaction of the conditions precedent set forth in subsection 2.4(b) of this Supplement, together with, in the case of any participating VFC Certificateholder, any additional conditions specified in the applicable Certificate Purchase Agreement, each participating VFC Certificateholder shall remit its share of the applicable Increase to the Trustee for deposit in the Series 1997-1 Collection Subaccount in immediately available funds by no later than 2:00 p.m., New York City time, on the applicable Increase Date, for remittance to the Company in accordance with the written payment instructions of the Company; it being understood, however, that the failure to satisfy any condition precedent applicable with respect to a particular participating VFC Certificateholder under the applicable Certificate Purchase Agreement, will not relieve any other participating VFC Certificateholder from its obligation to fund its share of any Increase on the applicable Increase Date. No VFC Certificateholder shall be obligated to fund any Increase, unless concurrently with any such Increase in the Invested Amount, the Subordinated Certificate Amount shall be increased by an amount (the "Subordinated Certificate Increase Amount") such that after giving effect to such increase, the sum of the Adjusted Invested Amount plus the Subordinated Certificate Amoun...
Sample 1Sample 2
AutoNDA by SimpleDocs
Procedure for Increasing the Invested Amount. (a) Subject to satisfaction of the conditions precedent set forth in subsection (c) of this Section 4.2 (as evidenced by an Officer's Certificate of the Master Servicer delivered to the Trustee), on the Series 1997-1 Closing Date, NFLP may issue Series 1997-1 Notes in the initial aggregate principal amount equal to the Series 1997-1 Initial Invested Amount. Such Series 1997-1 Notes shall be issued to the Series 1997-1 Noteholder. Proceeds from such Series 1997-1 Notes shall be deposited into the Series 1997-1 Collection Account and allocated in accordance with Section 5.2 hereof.
Sample 1
Procedure for Increasing the Invested Amount. (a) Subject to satisfaction of the conditions precedent set forth in subsection (b) of this Section 4.2, (i) on the Series 1999-1 Closing Date, NFLP may issue Series 1999-1 Notes in the initial principal amount equal to the Series 1999-1 Initial Invested Amount and (ii) on any Business Day during the Series 1999-1 Revolving Period, NFLP may increase the Series 1999-1
Sample 1

Related to Procedure for Increasing the Invested Amount

  • Request for Increase Provided there exists no Default, upon notice to the Administrative Agent (which shall promptly notify the Lenders), the Borrower may from time to time, request an increase in the Aggregate Commitments by an amount (for all such requests) not exceeding $250,000,000; provided that (i) any such request for an increase shall be in a minimum amount of $25,000,000, and (ii) the Borrower may make a maximum of three such requests. At the time of sending such notice, the Borrower (in consultation with the Administrative Agent) shall specify the time period within which each Lender is requested to respond (which shall in no event be less than ten Business Days from the date of delivery of such notice to the Lenders).

  • Reallocation of Pro Rata Share; Amendments For purposes of determining Lenders’ obligations or rights to fund, participate in or receive collections with respect to Loans and Letters of Credit (including existing Swingline Loans, Protective Advances and LC Obligations), Agent may in its discretion reallocate Pro Rata shares by excluding a Defaulting Lender’s Commitments and Loans from the calculation of shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c).

  • Termination, Reduction and Increase of Commitments (a) Unless previously terminated, the Commitments shall terminate on the Maturity Date.

  • Allocations to Additional Limited Partners If any Additional Limited Partner is admitted to the Partnership on any day other than the first day of a Fiscal Year, then Net Income, Net Losses, each item thereof and all other items allocable among Partners and Assignees for such Fiscal Year shall be allocated among such Additional Limited Partner and all other Partners and Assignees by taking into account their varying interests during the Fiscal Year in accordance with Section 706(d) of the Code, using the interim closing of the books method (unless the General Partner, in its sole and absolute discretion, elects to adopt a daily, weekly or monthly proration method, in which event Net Income, Net Losses, and each item thereof would be prorated based upon the applicable period selected by the General Partner). Solely for purposes of making such allocations, each of such items for the calendar month in which an admission of any Additional Limited Partner occurs shall be allocated among all the Partners and Assignees including such Additional Limited Partner. All distributions of Available Cash with respect to which the Partnership Record Date is before the date of such admission shall be made solely to Partners and Assignees other than the Additional Limited Partner, and all distributions of Available Cash thereafter shall be made to all the Partners and Assignees including such Additional Limited Partner.

  • Reallocation of Pro Rata Shares to Reduce Fronting Exposure During any period in which there is a Defaulting Lender, for purposes of computing the amount of the obligation of each non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit or Swing Line Loans pursuant to Sections 2.03 and 2.04, the “Pro Rata Share” of each non-Defaulting Lender shall be computed without giving effect to the Commitment of that Defaulting Lender; provided, that, (i) each such reallocation shall be given effect only if, at the date the applicable Lender becomes a Defaulting Lender, no Event of Default exists; and (ii) the aggregate obligation of each non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit and Swing Line Loans shall not exceed the positive difference, if any, of (1) the Commitment of that non-Defaulting Lender minus (2) the aggregate Outstanding Amount of the Revolving Credit Loans of that Lender.

  • Termination Reduction or Increase of the Commitments (a) The Company shall have the right, upon at least three Business Days' notice to the Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided that each partial reduction shall be in the aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and provided further that (x) the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding, and (y) once terminated, a portion of a Commitment shall not be reinstated except pursuant to Section 2.05(c).

  • Lender Elections to Increase Each Lender shall notify the Administrative Agent within such time period whether or not it agrees to increase its Commitment and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Commitment.

  • Allocations for Capital Account Purposes For purposes of maintaining the Capital Accounts and in determining the rights of the Partners among themselves, the Partnership’s items of income, gain, loss and deduction (computed in accordance with Section 5.5(b)) shall be allocated among the Partners in each taxable year (or portion thereof) as provided herein below.

  • Termination and Reduction of Revolving Commitments (a) Unless previously terminated, the Revolving Commitments shall terminate on the Maturity Date.

  • Contributions by Initial Limited Partners (a) On the Closing Date and pursuant to the Underwriting Agreement, each Underwriter shall contribute cash to the Partnership in exchange for the issuance by the Partnership of Common Units to each Underwriter, all as set forth in the Underwriting Agreement.

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