Supplemental Loans Clause Samples

Supplemental Loans. (a) In addition to the Loans which may be made by Lenders to Borrower pursuant to Sections 3.1 and 3.2 of the Loan Agreement on or after the date hereof, upon the request of Borrower made at any time after the date hereof and prior to the Supplemental Loan Termination Date, and subject to and upon the terms and conditions contained herein and in the Loan Agreement and the other Financing Agreements, Lenders agree to make the Supplemental Loans to Borrower from time to time prior to the Supplemental Loan Termination Date, in an amount requested by Borrower, up to the amount equal to the Supplemental Loan Limit as then in effect. (b) Except in Agent and Lenders' discretion, Borrower shall not have any right to request, and Lenders shall not make any Supplemental Loans in excess of the Supplemental Loan Limit or at any time on or after the Supplemental Loan Termination Date. (c) The Supplemental Loans shall be secured by all Collateral and evidenced by the Letter of Credit Notes. Notwithstanding anything to the contrary contained herein or in the Loan Agreement or the other Financing Agreements, (i) on each date when any reduction in the Supplemental Loan Limit becomes effective, Borrower agrees absolutely and unconditionally to automatically and without notice or demand to make a payment in respect of the Supplemental Loans in an amount equal to the excess, if any, of the aggregate unpaid principal amount of the Supplemental Loans over the Supplemental Loan Limit as so reduced in immediately available funds and (ii) unless sooner demanded by Lender in accordance with terms of the Loan Agreement or the other Financing Agreements, Borrower further agrees that all outstanding and unpaid Obligations arising pursuant to the Supplemental Loans (including without limitation, principal, interest, fees, costs, expenses and other charges in respect thereof payable by Borrowers to Lenders) shall automatically, without notice or demand, be absolutely and unconditionally due and payable and Borrower shall pay to Agent in immediately available funds all such Obligations on the Supplemental Loan Termination Date. Interest shall accrue and be due, until and including the next business day, if amount paid by Borrowers to the bank account designated by Agent for such purpose is received in such bank account later than 11:00 a.m., New York City time. (d) Section 3.1(d) of the Loan Agreement is hereby amended to add a new Section 3.1(d)

Supplemental Loans. Section 2.1 of the Accounts Agreement, as amended, is hereby deleted in its entirety and replaced with the following: "2.1 You shall, in your discretion, make loans to us from time to time, at our request, of up to eighty (80%) percent of the Net Amount of Eligible Accounts (or such greater or lesser percentage thereof as you shall in your sole discretion determine from time to time). Subject to the terms and conditions hereof, you may also, in your discretion, make loans to us from time to time, in excess of such lending formula, at our request, of up to $1,500,000 from January 1, 1996 until February 29, 1996 (the "Supplemental Loans"). Notwithstanding anything to the contrary contained herein, the entire outstanding balance of all Supplemental Loans shall be repaid in full not later than February 29, 1996."

Supplemental Loans. (a) In addition to the Revolving Loans which may be made by Lenders to Borrowers pursuant to Section 2.1 of the Loan Agreement, Congress, as Lender shall make a supplemental loan to Borrowers in an amount equal to $3,500,000. Interest shall be payable monthly on the Supplemental Loan at the Supplemental Loan Interest Rate. Agent may, at its option, apply payments in respect of the Loans received by Agent, to the Supplemental Loan or the Loans other than the Supplemental Loan or any of the other Obligations in such order and manner as Agent shall from time to time determine. Notwithstanding the foregoing, Congress shall, upon one (1) days notice to Agent, be entitled to receive payment of any amount equal to the outstanding principal balance of the Supplemental Loan and accrued and unpaid interest thereon at the Supplemental Loan Interest Rate, conditioned upon the following being satisfied: (i) the Borrowers average Excess Availability for the Business Days included in the thirty (30) day period immediately prior to the date of repayment of the Supplemental Loan, and the Excess Availability for each of the three (3) Business Days immediately prior to the date of repayment of the Junior Participation or portion thereof, is not less than $5,000,000; and (ii) No Event of Default exists under the Loan Agreement. Borrowers authorize Agent, upon satisfaction of the foregoing conditions to make a Revolving Loan in the amount necessary to repay the Supplemental Loan without further notice to Borrowers and authorize Agent to charge the loan account of Borrowers therefor. (b) Except in Agent's discretion, Borrowers shall not have any right to request, and Lenders shall not make, any Supplemental Loans in excess of the Supplemental Loan Limit as then in effect or at any time on or after the Supplemental Loan Termination Date. (c) The Supplemental Loan shall be secured by all Collateral and shall bear interest at the Supplemental Loan Interest Rate. Interest shall accrue and be due and payable in respect of the Supplemental Loan in accordance with Section 3.1 (d) of the Loan Agreement. (d) Unless sooner demanded by the Agent or Lenders in accordance with terms of the Loan Agreement or the other Financing Agreements, all outstanding and unpaid Obligations arising pursuant to the Supplemental Loan (including, but not limited to, principal, interest, fees, costs, expenses and other charges in respect thereof payable by Borrowers to Lenders) shall automatically, without n...

Supplemental Loans. Lender agrees, on the terms and conditions set forth, to make loans ("Supplemental Loans") to Borrower from time to time in an aggregate principal amount up to the amount prepaid by Borrower pursuant to Section 2.01 (b)(1); provided, however, that the total of the Initial Loan and Supplemental Loans shall not exceed 60% of the cost (net of any bidding credits) of all PCS Licenses granted to Borrower pursuant to the F-Block Auction, in each case reduced by any amounts deemed to be Supplemental Loans pursuant to the second succeeding sentence. Supplemental Loans shall only be used for the following purposes: (i) to fund the remaining 10% down payment due after PCS Licenses are granted; (ii) to make installment interest and principal payments on any PCS Licenses granted to Borrower pursuant to Section 24.716 of the FCC Rules; (iii) to make payments pursuant to the next to last sentence of Section 1 and the proviso clause of Section 2 of the Expenses Agreement (the "Expenses Agreement") dated as of July 26, 1996 among the Partnership, the General Partner and the Initial Limited Partner; and (iv) any other business purposes approved in writing by Lender;

Supplemental Loans. (a) Subject to the terms and conditions set forth herein and relying upon the representations and warranties set forth herein and in the other Loan Documents, the Supplemental Lender agrees to make the Supplemental Loans to the Borrowers on the Supplemental Loan Closing Date (as defined below) in a principal amount not to exceed $10,000,000. (b) The Borrowers will use the proceeds of the Supplemental Loans only for the purposes specified in the recitals to this Amendment. (c) Unless the context shall otherwise require, the term “Loans” as used in the Credit Agreement shall include the Supplemental Loans, and the term “Lenders” as used herein and in the Credit Agreement shall include the Supplemental Lender.

Supplemental Loans. (a) In addition to the loans and advances which may be made by Congress to Borrower pursuant to the lending formulas set forth in the Financing Agreements, upon the request of ▇▇▇▇▇▇▇▇ made at any time and from time to time during the period April 1, 1996 to July 31, 1996, Congress shall, subject to the terms and conditions contained in the Financing Agreements, make supplemental loans to Borrower in such amounts from time to time as Congress shall in good faith determine, in its discretion, of up to $1,000,000 in excess of the amounts otherwise available to Borrower under the lending formulas set forth in the Financing Agreements, as calculated by Congress (the "Supplemental Loans"). (b) The Supplemental Loans shall be secured by all Collateral and shall be payable ON DEMAND. In any event, unless sooner demanded by Congress, all outstanding and unpaid obligations arising pursuant to the Supplemental Loans (including, but not limited to, principal, interest, fees, costs and expenses) shall automatically, without notice or demand, be absolutely and unconditionally due and payable in cash or other immediately available funds on July 31, 1996.

Supplemental Loans. As of the Closing Date, the aggregate principal balance of all Supplemental Loans outstanding does not exceed $26,150,000 (excluding any Supplemental Loans outstanding in connection with the Merrill Agreements and the Natixis Agreements) and there are outstanding no Supplemental Loans in connection with (a) any LIHTC Properties or Centerline-Sponsored Funds that has CFin as the provider of either a direct or back-to-back credit default swap; or (b) any debt with respect to which CFin is providing any credit enhancement (LIHTC Properties or Centerline-Sponsored Funds described in the foregoing clause (a) and any debt described in the foregoing clause (b), collectively, the “CFin Enhanced Projects”).

Supplemental Loans. 2.1 In addition to the Loans which may be made by Lender to Borrowers pursuant to Sections 2.1 and 2.2 of the Loan Agreement, on or after the date hereof, upon the request of Borrowers made at any time after the date hereof and prior to the Supplemental Loan Termination Date, and subject to and upon the terms and conditions contained herein and in the Loan Agreement and the other Financing Agreements, Lender agrees to make the Supplemental Loans to Borrowers from time to time prior to the Supplemental Loan Termination Date in an amount requested by Borrowers, up to the amount outstanding at any one time equal to the Supplemental Loan Limit. 2.2 Except in Lender's discretion, Borrowers shall not have any right to request, and Lender shall not make, any Supplemental Loans in excess of the Supplemental Loan Limit or at any time on or after the Supplemental Loan Termination Date.

Supplemental Loans. (a) In addition to the Loans which may be made by Lender to Borrower pursuant to Section 2.1(a) of the Loan Agreement, upon the request of Borrower, made at any time and from time to time on or after the date hereof and prior to the Supplemental Loan Termination Date, subject to (i) the terms and conditions contained herein, in the Loan Agreement and in the other Financing Agreements, and (ii) to Lender's receipt of a written "desktop" appraisal as to Borrower's Equipment located in Puerto Rico and Alabama and to Lender's receipt of a full written appraisal as to Borrower's Equipment located in Minnesota, in each case in form, scope and methodology acceptable to Lender in its sole discretion and prepared by ▇▇▇▇▇-▇▇▇▇▇▇, Inc. in the case of Equipment located in Puerto Rico and Alabama and Accu-Val, Inc. in the case of Equipment located in Minnesota, each of which appraisal shall forth such information with respect to the value and condition of Borrower's Equipment as Lender shall, in its sole discretion, deem acceptable, Lender shall make Supplemental Loans available to Borrower in amounts in excess of the amounts otherwise available to Borrower under Section 2.1(a) of the Loan Agreement (as calculated by Lender, and subject to the Maximum Credit and the applicable sublimits provided for in the Loan Agreement and after deduction for all reserves established and maintained at such time by Lender) up to the amount of the Supplemental Loan Limit. No Supplemental Loans shall be available unless on the date of the proposed Supplemental Loans there are no other Loans available to Borrower under Section 2.1(a) of the Loan Agreement (as calculated by Lender, subject to the applicable sublimits provided for in the Loan Agreement and after deduction for all reserves established and maintained at such time by Lender). (b) Except in Lender' discretion, Borrower shall not have any right to request, and Lender shall not make, any Supplemental Loans (i) if after making such Supplemental Loans, the aggregate amount of Supplemental Loans outstanding would exceed the Supplemental Loan Limit, (ii) at any time on or after the Supplemental Loan Termination Date, or (iii) if an Event of Default has occurred and is continuing. The Supplemental Loans shall constitute Obligations and shall be secured by the Collateral. (c) Unless sooner demanded by Lender in accordance with the terms of the Loan Agreement or the other Financing Agreements, all outstanding and unpaid Obligations re...