Restrictions on Advances. No Advance will be made unless it is a whole multiple of $1,000.00 and not less than $100,000.00 in the case of a Eurodollar Advance, or a whole multiple of $1,000.00 and not less than $50,000.00 in the case of a Base Rate Advance. No more than one Revolving Loan Advance will be made on any one day pursuant to a request for a Revolving Loan Advance. Advances will only be made for the purposes permitted in Section 14.1. No Eurodollar Advance will be made so long as there is any Existing Default.
Restrictions on Advances. No more than one Revolving Loan Advance and no more than one Swingline Advance will be made on any one day pursuant to a request for a Revolving Loan Advance. Advances will only be made for the purposes permitted in Section 13.1.
Restrictions on Advances. 17 7.8. RESTRICTION ON NUMBER OF EURODOLLAR LOANS................................................................18 7.9. EACH ADVANCE REQUEST AND LETTER OF CREDIT REQUEST A CERTIFICATION........................................18 7.10. REQUIREMENTS FOR EVERY ADVANCE REQUEST..................................................................18 7.11. REQUIREMENTS FOR EVERY LETTER OF CREDIT REQUEST.........................................................18 7.12. EXONERATION OF ADMINISTRATIVE AGENT AND LENDERS.........................................................18
Restrictions on Advances. 1997 Equipment Line of Credit Loans ------------------------ may be made only with respect to an item or items of Eligible Equipment specifically identified in accordance with Section 2A.3 and the principal amount of any such 1997 Equipment Line of Credit Loans may not exceed 80% of the invoice price of such item or items of Eligible Equipment, not including prepackaged software and soft costs, sales taxes, shipping charges, installation charges, training charges and similar charges and expenses.
Restrictions on Advances. No Advance will be made unless it is a whole multiple of $500,000 and not less than $1,000,000, in the case of a LIBOR Advance, or a whole multiple of $100,000 and not less than $500,000, in the case of a Base Rate Advance. No more than one Revolving Loan Advance and no more than one Swingline Advance will be made on any one day pursuant to a request for a Revolving Loan Advance. Advances will only be made for the purposes permitted in Section 12.1. No LIBOR Advance will be made so long as there is any Existing Default.
Restrictions on Advances. At no time shall Lender be obligated (i) to advance to Borrower more than what Borrower is then required to fund to the party seeking payment or, in the case of reimbursement, to the party seeking reimbursement; or (ii) to make a Loan advance if the undisbursed portion of the Second Loan plus Additional Available Amounts shall be deemed by Lender to be insufficient to pay for the completion of the First Amendment Space Improvements and Additional Space Improvements, and with respect to the Additional Space Improvements, the Landlord's Interior Work, if Borrower elects to fund Landlord's Interior Work under the Lease, by the First Amendment Space Improvements Completion Date or Additional Space Improvements Completion Date, respectively; or (iii) to advance Loan proceeds in amounts which exceed, separately or in the aggregate, the individual line items set forth in the Budgets; PROVIDED, HOWEVER, that Borrower may increase a particular line item in either Budget by reducing a budgeted line item amount in another cost category in either Budget, or if Borrower demonstrates a cost savings in a line item or has unallocated funds from any cost category or contingency in either Budget, Borrower shall be permitted to use such cost savings or contingency funds to pay for cost overruns in other line items and cost categories in either Budget or (iv) to advance more than the actual cost incurred by Borrower with respect to the Improvements thus far completed; or (vi) to advance any Loan proceeds with respect to any Change Order which serves to increase the cost of construction for First Amendment Space Improvements plus the cost of construction for Additional Space Improvements above $2,720,000 plus the Aggregate Change Order Amount, unless otherwise approved by the Lender.
Restrictions on Advances. No Advance will be made unless it is a whole multiple of $500,000 and not less than $1,000,000, in the case of a Eurodollar Advance, or a whole multiple of $100,000 and not less than $500,000, in the case of a Base Rate Advance, provided, however, with respect to Term Loan Advances, no such Advances shall be made unless it is in a whole multiple of $1,000,000 and not less than $10,000,000. No more than one Revolving Loan Advance and no more than one Swingline Advance will be made on any one day pursuant to a request for a Revolving Loan Advance. No more than one Term Loan Advance will be made on any one day pursuant to a request for a Term Loan Advance. Advances will only be made for the purposes permitted in Section 12.1. No Eurodollar Advance will be made so long as there is any Existing Default. No more than four Term Loan Advances may be requested and made.
Restrictions on Advances. All Advances are subject to a borrowing base defined as the lesser of:
(1) Two Million Dollars ($2,000,000.00), or
(2) Eighty-five percent (85%) of Qualified Accounts arising from or associated with operations at Borrower's plant in Lincoln, Nebraska plus fifty percent (50%) of Qualified Inventory located at Borrower's plant in Lincoln, Nebraska. Each request for an Advance shall be deemed to be a representation by Borrower that the statements set forth in Section 4.2 hereof are correct. The names of the persons authorized to request Advances on behalf of Borrower shall be provided to Bank from time to time in writing and certified by the Secretary or Assistant Secretary of General Partner in such form as may be required by Bank.
5. Amendment of Section 6.7 "Financial Ratios". Section 6.7 "Financial Ratios" shall be deleted in its entirety and the following shall be inserted in its stead:
Restrictions on Advances. 3 2.5 Maturity Date of Equipment Line Loans................................. 3 2.6 Termination of Equipment Line Commitment.............................. 3
Restrictions on Advances. At no time shall Lender be obligated (i) to advance to Borrower more than what Borrower is then required to fund to the party seeking payment or, in the case of reimbursement, to the party seeking reimbursement; or (ii) to make a Loan advance if the undisbursed portion of the Loan plus Additional Available Amounts shall be deemed by Lender to be insufficient to pay for the completion of the Improvements and the Landlord's Interior Work, if Borrower elects to fund Landlord's Interior Work under the Lease, by the Completion Date; or (iii) to advance Loan proceeds in amounts which exceed, separately or in the aggregate, the individual line items set forth in the Budget; or (iv) to advance for any particular component of the Improvements unless Architect and Lender have approved the Budget for that particular component; or (v) to advance more than the actual cost incurred by Borrower with respect to the Improvements thus far completed; or (vi) to advance any Loan proceeds with respect to any Change Order which serves to increase the cost of construction above One Million Five Hundred Thousand Dollars ($1,500,000).
