Terms of Commitment. On the terms and conditions hereinafter set forth, each Lender agrees severally to make Advances to the Borrower from time to time during the period beginning on the Effective Date and ending on the Maturity Date in such amounts as the Borrower may request up to an amount not to exceed, in the aggregate principal amount outstanding at any time, the Commitment less Total Outstandings. The obligation of the Borrower hereunder shall be evidenced by this Agreement and the Notes issued in connection herewith, said Notes to be as described in Section 3 hereof. Notwithstanding any other provision of this Agreement, no Advance shall be required to be made hereunder if any Default or Event of Default (as hereinafter defined) has occurred and is continuing. Each Advance under the Commitment shall be an aggregate amount of at least $1,000,000 or any whole multiples of $100,000 in excess thereof. Irrespective of the face amount of the Note or Notes, the Lenders shall never have the obligation to Advance any amount or amounts in excess of the Commitment or to increase the Commitment.
Terms of Commitment. On the terms and conditions hereinafter set forth, each Lender agrees severally to make Advances to the Borrowers from time to time during the period beginning on the Effective Date and ending on the Maturity Date in such amounts as the Borrowers may request up to an amount not to exceed, in the aggregate principal amount outstanding at any time, the Commitment less Total Outstandings. The obligation of the Borrowers hereunder shall be evidenced by this Agreement and the Notes issued in connection herewith, said Notes to be as described in Section 3 hereof. Notwithstanding any other provision of this Agreement, no Advance shall be required to be made hereunder if any Event of Default (as hereinafter defined) has occurred and is continuing or if any event or condition has occurred or failed to occur which with the passage of time or service of notice, or both, would constitute an Event of Default. Each Advance under the Commitment shall be an aggregate amount of at least $1,000,000 or any whole multiples of $100,000 in excess thereof. Irrespective of the face amount of the Note or Notes, the Lenders shall never have the obligation to Advance any amount or amounts in excess of the Commitment or to increase the Commitment.
Terms of Commitment. In the event the Subgrantee has not fulfilled all terms and conditions precedent set forth in this Article IV within thirty (30) days of the Subgrantee’s execution of this Agreement, the Authority’s obligation under this Agreement shall automatically terminate, unless at the Authority’s discretion, the time period is extended in writing.
Terms of Commitment. As an NLN Leader, you commit to three multi-day convenings over the four months (dates below). Each convening includes training from experts and seasoned facilitators, peer learning, dialogue and hands-on collaborative work. Between convenings, you should be prepared to spend time with your fellow cohort members on team projects designed to advance network goals. We estimate about four to six hours of work outside of each convening. After you complete the first six months in the network, we anticipate that you will walk away with a greater sense of connection to others and greater clarity about what your leadership can be. Hopefully, that’s just the start. Our dream for possible outcomes includes: ● A sense that you are not alone in your dreams for what can be in and for this county ● A profound and more nuanced understanding of the opportunities and challenges facing our county. ● Personal and professional transformation of your leadership style and capacities ● A deeper understanding of how to build collaborative teams around complex issues ● Tools for working with and across differences and a deeper understanding of your commitment to equity ● An understanding of how to activate your peers and help them step into greater leadership ● A sophisticated toolbox around common leadership challenges In accepting this fellowship opportunity, we are asking you to agree to:
Terms of Commitment. In the event the Loan Recipient has not fulfilled all terms and conditions precedent as set forth in this Article IV, the Authority’s obligation under this Loan Agreement shall automatically terminate, unless at the Authority’s discretion, compliance by the Loan Recipient has been waived by the Authority in writing.
Terms of Commitment. On the terms and conditions hereinafter set forth, each Lender agrees, subject to the provisions of this Section 2, severally to make Advances to the Borrower from time to time during the period beginning on the Effective Date and ending on the Maturity Date in such amounts as the Borrower may request from time to time up to an amount not to exceed, in the aggregate principal amount outstanding at any time, the Commitment. Subject to availability under the Borrowing Base, Advances hereunder may be made under either Tranche A or Tranche B, but Advances under Tranche B are only available to Borrower prior to February 28, 2000. The obligation of the Borrower hereunder shall be evidenced by this Agreement and the Notes issued in connection herewith, said Notes to be as described in Section 3 hereof. Notwithstanding any other provision of this Agreement, no Advance shall be required to be made hereunder unless Required Lenders have specifically approved such Advance or if any Default or Event of Default has occurred and is continuing. Notwithstanding any of the foregoing, the Borrower hereby acknowledges and agrees that no Advance may be made under the terms of this Agreement unless El Paso has consented to such Advance pursuant to Section 14 of the Note Purchase Agreement. Each Advance under the Commitment shall be an aggregate amount of at least $100,000 or a whole number multiple thereof. Irrespective of the face amount of the Note or Notes, the Lenders shall never have the obligation to Advance any amount or amounts in excess of the Commitment or to increase the Commitment.
Terms of Commitment. 18 (b) Procedure for Borrowing........................................................................ 18 (c) Letters of Credit.............................................................................. 19 (d) Procedure for Obtaining Letters of Credit...................................................... 20 (e) Voluntary Reduction of Commitment.............................................................. 21 (f) Mandatory Commitment Reductions................................................................ 21 (g) Several Obligations............................................................................ 21 (h) Type and Number of Advances.................................................................... 21 3.
Terms of Commitment. Subject to the terms of this Agreement:
Terms of Commitment. 9 3.1 Borrowing Conditions 9 3.2 Borrowing Procedure 10 3.3 Mandatory Repayment 10 3.4 Permitted Repayment 10
Terms of Commitment. On the terms and conditions hereinafter set forth, each Lender agrees severally to make Advances to the Borrower from time to time during the period beginning on the Effective Date and ending on the Maturity Date in such amounts as the Borrower may request up to an amount not to exceed, in the aggregate principal amount advanced at any time, its Pro Rata Part of the Available Commitment. Subject to the terms of this Agreement, the Borrower may borrow, repay and reborrow at any time prior to the Maturity Date. The obligation of the Borrower hereunder shall be evidenced by this Agreement and the Notes issued in connection herewith, said Notes to be as described in Section 3 hereof. Notwithstanding any other provision of this Agreement, no Advance shall be required to be made hereunder if any Default or Event of Default (as hereinafter defined) has occurred and is continuing. Each Advance under the Commitment shall be an aggregate amount of at least $1,000,000 or any whole multiples of $100,000 in excess thereof. Irrespective of the face amount of the Note or Notes, the Lenders shall never have the obligation to Advance any amount or amounts in excess of the Commitment.
