Reinvestment Loans Sample Clauses

Reinvestment Loans. Unless an Uncommitted Conduit Lender has provided to the Administrative Agent, each Lender Agent, the Borrower, and the Collection Agent a notice still in effect that it no longer wishes to make Reinvestment Loans (in which case such Uncommitted Conduit Lender's Reinvestment Loans, but not those of its Related Bank Lenders or any Committed Conduit Lender, shall cease), at any time before the Termination Date when no Interim Liquidation is in effect, on each day that any Collections are received by the Collection Agent a Lender's Loan Interest in such Collections shall automatically be used to make a Reinvestment Loan by such Lender, but only to the extent such Reinvestment Loan would not cause the Lender's Loan Amount to increase above the amount of such Loan Amount at the start of the day plus any Incremental Loans made by the Lender on that day. An Uncommitted Conduit Lender may revoke any notice provided under the first sentence of this Section 1.1(d) by notifying the Administrative Agent, each Lender Agent, the Borrower, and the Collection Agent that it will make Reinvestment Loans.
Sample 1
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Reinvestment Loans. On each Business Day occurring after the Closing Date and prior to the Termination Date, (i) Sheffield shall lend and (ii) PARCO may lend or, following a PARCO Termination Event or if PARCO elects not to advance such amount, the PARCO APA Banks shall lend, to the Borrower, secured by the Collateral, to the extent that Collections are available for such Loan in accordance with Section 2.05 hereof, such that, after giving effect to such Loan, the amount of the Outstanding Loans at the close of business on such Business Day shall be equal to the amount of the Outstanding Loans at the close of the business on the Business Day immediately preceding such Business Day plus the Loan Amount of any Incremental Borrowing made on such day, if any.
Sample 1
Reinvestment Loans. On each Business Day occurring after the Closing Date and prior to the Termination Date, the Conduit Lender may lend or, following a PARCO Termination Event or if PARCO elects not to advance such amount, the APA Banks shall lend to the Borrower, secured in accordance with Section 2.14, to the extent that Collections are available for such Loan in accordance with Section 2.3 hereof, such that, after giving effect to such Loan, the amount of the Outstanding Loans at the close of business on such Business Day shall be equal to the amount of the Outstanding Loans at the close of business on the Business Day immediately preceding such Business Day plus the Loan Amount of any Incremental Borrowing made on such day, if any.
Sample 1

Related to Reinvestment Loans

  • LOANS, ADVANCES, INVESTMENTS Make any loans or advances to or investments in any person or entity, except any of the foregoing existing as of, and disclosed to Bank prior to, the date hereof.

  • Acquisition Loans The proceeds of the Acquisition Loans may be used only for the following purposes: (i) for working capital and general corporate purposes, including, without limitation, the issuance of Letters of Credit and to pay outstanding Floor Plan Loans; and (ii) to make Permitted Acquisitions.

  • Loans, Advances, Investments, Etc Make or commit or agree to make, or permit any of its Subsidiaries make or commit or agree to make, any Investment in any other Person except for Permitted Investments.

  • Loans, Advances and Investments Make or permit to remain outstanding any loan or advance to, or own, purchase or acquire any stock, obligations or securities of, or any other interest in, or make any capital contribution to, any Person, or consummate any Acquisition, except that the Company or any Subsidiary may

  • Investments, Loans, Advances and Acquisitions The Borrower will not, and will not permit any of its Subsidiaries to, purchase, hold or acquire (including pursuant to any merger with any Person that was not a wholly owned Subsidiary prior to such merger) any capital stock, evidences of indebtedness (subject to Section 6.09 below) or other securities (including any option, warrant or other right to acquire any of the foregoing) of, make or permit to exist any loans or advances to, or make or permit to exist any investment or any other interest in, any other Person, or purchase or otherwise acquire (in one transaction or a series of transactions) any assets of any other Person constituting a business unit, except:

  • Loans; Investments Make or suffer to exist any loans, guaranties, advances, or investments, except:

  • Investments, Loans The Borrower will not, and will not permit any of its Subsidiaries to, purchase, hold or acquire (including pursuant to any merger with any Person that was not a wholly owned Subsidiary prior to such merger) any Capital Stock, evidence of Indebtedness or other securities (including any option, warrant, or other right to acquire any of the foregoing) of, make or permit to exist any loans or advances to, Guarantee any obligations of, or make or permit to exist any investment or any other interest in, any other Person (all of the foregoing being collectively called “Investments”), or purchase or otherwise acquire (in one transaction or a series of transactions) any assets of any other Person that constitute a business unit, or create or form any Subsidiary, except:

  • Equipment Loans Section 2.3(b) of the Loan Agreement shall be amended and restated in its entirety as follows:

  • Investments, Loans, Etc The Borrower will not, and will not permit any of its Subsidiaries to, purchase, hold or acquire (including pursuant to any merger with any Person that was not a wholly-owned Subsidiary prior to such merger), any common stock, evidence of indebtedness or other securities (including any option, warrant, or other right to acquire any of the foregoing) of, make or permit to exist any loans or advances to, Guarantee any obligations of, or make or permit to exist any investment or any other interest in, any other Person (all of the foregoing being collectively called “Investments”), or purchase or otherwise acquire (in one transaction or a series of transactions) any assets of any other Person that constitute a business unit, or create or form any Subsidiary, except:

  • Initial Loans 36 7.2 Initial and Subsequent Loans.................................................................39

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