Requisitions for Advances; Other Conditions Sample Clauses

Requisitions for Advances; Other Conditions. (a) Upon three (3) Business Days' written notice to the Lender, the Issuer may borrow an aggregate principal amount from time to time up to the Maximum Commitment Amount of the Note, by requesting Advances hereunder and under the Note, provided that no Advance will be made after the Final Maturity Date. Amounts advanced and repaid may be re-advanced, provided, however, at no time shall the Loan exceed the Maximum Commitment Amount. The aggregate principal amount of each Advance shall be not less than $25,000 or in such lesser amounts equal to the Available Commitment Amount. The Issuer's obligation to pay the principal of, and interest on the Advances made hereunder shall be evidenced by the Note and the records of the Lender, updated for each Advance and each principal repayment, which shall be conclusive absent manifest error. Any request for any Advance received by the Lender after 2:00 p.m. Eastern time shall be deemed received on the next Business Day.
Sample 1
AutoNDA by SimpleDocs
Requisitions for Advances; Other Conditions. (a) The Issuer shall give the Lender written notice (or telephonic notice promptly confirmed in writing) of each Advance substantially in the form of Exhibit “B-1” for an Advance with respect to the Series 2020A Tax-Exempt Note and substantially in the form of Exhibit “B-2” for an Advance with respect to the Series 2020B Taxable Note (each such written notice a “Notice of Revolving Borrowing”) prior to 4:00 P.M. on the requested date of each Advance and each Notice of Revolving Borrowing shall be irrevocable and shall specify: (i) the principal amount of the Advance, and (ii) the proposed date of such Advance (which shall be a Business Day and shall be no earlier than two Business Days following the date that the request for such Advance shall be deemed received by the Lender hereunder and whether such Advance shall be made under the Series 2020A Tax-Exempt Note or Series 2020B Taxable Note). For any Advance to be applied to the Series 2020A Tax-Exempt Note, on or before such Advance specified in the Notice of Revolving Borrowing, the Issuer, at its expense, shall deliver to the Lender an opinion of Bond Counsel to the effect that the Advance and the proposed use of the proceeds thereof will not, in and of itself, adversely affect the exclusion from gross income for federal income tax purposes of interest on the Series 2020A Tax-Exempt Note. The Issuer may not request an Advance should there exist at such time an Event of Default. Any Notice of Revolving Borrowing received by the Lender after 12:00 noon shall be deemed received on the next Business Day. The aggregate principal amount of each Advance shall be not less than $100,000 (in any combination of either or both Notes) or in such lesser amounts equal to the Available Commitment Amount. Promptly following the receipt of a Notice of Revolving Borrowing in accordance herewith, the Lender will make available the amount of such Advance to be made hereunder on the next Business Day following the receipt by the Lender of the Notice of Revolving Borrowing, by wire transfer to the Issuer in immediately available funds by 10:00 a.m.
Sample 1

Related to Requisitions for Advances; Other Conditions

  • Conditions Precedent to Disbursement Agency’s obligation to disburse Grant Funds to Grantee under this Grant is subject to satisfaction of each of the following conditions precedent:

  • Repayment of Advances If the identity of the Servicer shall change, the predecessor Servicer shall be entitled to receive reimbursement for outstanding and unreimbursed Simple Interest Advances made pursuant to Section 4.4 by the predecessor Servicer.

  • Specific Conditions If applicable, specific conditions required after a risk assessment will be included in Exhibit G. Grantee shall adhere to the specific conditions listed therein.

  • Further Conditions Precedent The Lenders will only be obliged to comply with Clause 5.4 (Lenders’ participation) if on the date of the Utilisation Request and on the proposed Utilisation Date:

  • WORKING CONDITIONS 10.01 The Union will co-operate with the Employer in maintaining good working conditions.

  • GENERAL WORKING CONDITIONS The District has empowered school communities to make decisions at the school level in return for accountability for results. To maximize the likelihood of success, each school must be permitted to implement programs that meet the needs of its students and community. Through a school-based decision-making process, each school will define the staff working conditions necessary for student success. School leadership teams will create and publish annual “school operational plans” which will outline working conditions of staff in the building. Such operational plans will be subject to the Superintendent’s review and approval.

  • Further Conditions Seller shall deliver to Buyer full and complete possession of the property, subject to the Permitted Exceptions. Absolutely no access to the Property prior to Closing is allowed without Seller’s advance written authorization and upon execution of an appropriate waiver of liability. Neither Buyer nor any of its representative, agents or contractors shall be deemed an invitee of the Property by virtue of this Agreement, the Property Data or the offering of the Property for sale. Further, no invasive environmental tests shall be performed by any Buyer without Seller’s advance written consent.

  • Adverse Weather Conditions Except in emergency situations, the Employer shall not require an employee:

  • MISCELLANEOUS WORKING CONDITIONS Clothing

  • TYPES OF CONTRACT MODIFICATIONS In order to expedite processing of a contract modification, where proposed changes involve more than one category below, each change should be submitted to OGS as a separate request.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!