Repayment of Cash Advance Sample Clauses

Repayment of Cash Advance. The Parties agree to extend the deadline of the Repayment of Cash Advance set forth in the first sentence of Section 1.2 of the Agreement Dated October 11, 2010 from December 30, 2010 to March 31, 2011.
Sample 1
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Repayment of Cash Advance. GMIL shall, and the Company and the Stockholders shall cause GMIL to, repay US$1,000,000 in cash to the Investor on or before June 7, 2011. The remaining balance of the Cash Advance shall be repaid to the Investor on or before August 31, 2011 and shall be secured in accordance with Section 1.6 hereunder. Such repayment of the Cash Advance shall be made through a wire transfer of immediately available funds to an account designated by the Investor. ”
Sample 1
Repayment of Cash Advance. Promptly following execution of this Agreement and in any event no later than December 30, 2010, GMIL shall (and the Company and the Stockholders shall cause GMIL to) repay in full the Cash Advance to the Investor. Such repayment of the Cash Advance shall be made through a wire transfer of immediately available funds to an account designated in writing by the Investor. To the extent that the Investor has exercised its right to convert or exchange any portion of the Cash Advance into the Issuer’s Securities (as defined below) or for any Acquiror Securities (as defined below) in accordance with section 1.4 below, the outstanding amount of the Cash Advance payable by GMIL, the Company or the Stockholders shall be reduced accordingly.
Sample 1

Related to Repayment of Cash Advance

  • Repayment of Cash To repay the cash delivered to the Fund for the purpose of collateralizing the obligation to return to the Fund certificates borrowed from the Fund representing Portfolio Securities, but only upon redelivery to the Bank of such borrowed certificates.

  • Repayment of Excess Advances The aggregate balance of Advances outstanding at any time in excess of the maximum amount of Advances permitted hereunder shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred.

  • 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.

  • Repayment of Loan 6.1.1 Upon the occurrence of either an Event of Default or a decision by Party A, in its sole discretion, to demand repayment of the Loan or any portion of the Loan, Party A may at its discretion issue a notice (Repayment Notice) to Party B requiring repayment of the Loan or any portion of the Loan and any other payment in arrears under this Agreement.

  • Disbursement of Loan Subject to the provisions of this Agreement, the Agent shall on the Drawdown Date pay to the Borrower the amounts which the Agent receives from the Lenders under Clause 4.5; and that payment to the Borrower shall be made:

  • 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.

  • Payment of Loan 1. The Loan Issuing Account The borrower shall open the following loan account with the lender through which the loan issuance and payment shall be handled. Account Name: Shengfeng Logistics Group Co., Ltd Account Number: **********

  • Termination; Advance Payments Upon termination of this Lease pursuant to Paragraph 6.2(g) or Paragraph 9, an equitable adjustment shall be made concerning advance Base Rent and any other advance payments made by Lessee to Lessor. Lessor shall, in addition, return to Lessee so much of Lessee's Security Deposit as has not been, or is not then required to be, used by Lessor.

  • PAYMENT OF LOAN FEE Borrower shall pay Bank a fee in the amount of Eleven Thousand Two Hundred Fifty Dollars ($11,250) ("Loan Fee") plus all out-of-pocket expenses.

  • Disbursement of Loan Proceeds (a) The State shall disburse Federal Funds earmarked for the Loan to the Borrower in accordance with the terms hereof. Before each and every disbursement of the proceeds of the Loan by the State to the Borrower, the Borrower shall in accordance with the procedures set forth in the Regulations submit to the State a requisition executed by an Authorized Officer of the Borrower.

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