Terms of the Advances Sample Clauses

Terms of the Advances. Lender agrees, pursuant to the terms of this Agreement and subject to the satisfaction of the conditions precedent in Article 5 or Article 6 of this Agreement (as the case may be), to make one or more advances to finance all or a portion of the Acquisition Purchase Price of Additional Resorts (individually, an “Acquisition Advance” and collectively, the “Acquisition Advances”) or to finance Pledged Intervals at a Resort other than an Additional Resort (individually, an “Inventory Advance” and collectively, the “Inventory Advances” and collectively with Acquisition Advances, “Advance” or “Advances”) to Borrower from time to time during the Commitment Period, subject at all times to the Borrowing Base, provided that AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT
Sample 1
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Terms of the Advances. Lender agrees, pursuant to the terms of this Agreement and subject to the satisfaction of the conditions precedent in Article 5 or Article 6 of this Agreement (as the case may be), to make one or more advances (individually, an "ADVANCE" and collectively, the "ADVANCES") to Borrower from time to time during the Commitment Period, subject at all times to the Borrowing Base, provided that
Sample 1
Terms of the Advances. 2 2.01 The Advances......................................................2 2.02 Making the Committed Advances.....................................2 2.03 Bid Rate Credits..................................................3 ARTICLE III- REPAYMENT AND PREPAYMENT OF THE ADVANCES............3
Sample 1
Terms of the Advances. The Advances . Each Bank severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrowers from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount with respect to all Borrowers (based in respect of any Advance denominated in an Alternative Currency of the Equivalent in Dollars on the Business Day each Advance is made pursuant to this Section 2.01), when added to the aggregate amount of all L/C Exposure at such time, not to exceed at any time outstanding an amount (such Bank's "Commitment") equal to the amount set forth opposite such Bank's name on Schedule I hereto or, if such Bank has entered into any Assignment and Assumption Agreement, set forth for such Bank in the Register, as such amount may be reduced pursuant to Section 2.04 or increased pursuant to Section 2.17; provided that after giving effect to such Advances the maximum Advances that may be outstanding in any Alternative Currency shall not exceed the Equivalent of $500,000,000. Each Borrowing shall be in an aggregate amount of not less than $5,000,000 (or the Equivalent thereof in any Alternative Currency, determined as of the date of the applicable Notice of Borrowing) or an integral multiple of $1,000,000 (or the Equivalent thereof in any Alternative Currency, determined as of the date of the applicable Notice of Borrowing) in excess thereof and shall consist of Advances of the same Type made on the same day to the same Borrower by the Banks ratably in accordance with their respective Commitments, provided that each Advance denominated in an Alternative Currency shall be made and maintained only as a Eurocurrency Rate Advance. Within the limits of each Bank's Commitment, a Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.09, and reborrow under this Section 2.01.
Sample 1
Terms of the Advances. Lender agrees (and if there shall be more than one Lender from time to time party to this Agreement, this obligation shall be several, and not joint, among such Lenders), pursuant to the terms of this Agreement and subject to the satisfaction of the conditions precedent in Section 5 or Section 6 of this Agreement (as the case may be), to make one or more advances to finance all or a portion of the Acquisition Purchase Price of Additional Resorts (individually, an “Acquisition Advance” and collectively, the “Acquisition Advances”) or to finance Eligible Intervals at a Resort other than an Additional Resort (individually, an “Inventory Advance” and collectively, the “Inventory Advances”) or to finance Eligible Notes Receivable (individually, a “Receivables Advance” and collectively, the “Receivables Advances” and collectively with all Acquisition Advances, Inventory Advances, and Protective Advances, “Advance” or “Advances”) to Borrower from time to time during the applicable Commitment Period, the aggregate outstanding balance of which at the time of any such Advance after giving effect to such Advance shall not exceed the amount determined with reference to the Borrowing Base, provided that
Sample 1
Terms of the Advances 
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Related to Terms of the Advances

  • AMOUNTS AND TERMS OF THE ADVANCES SECTION 2.01 The Revolving Advances and Letters of Credit 19 SECTION 2.02 Making the Revolving Advances 20 SECTION 2.03 Swingline Loans 21 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 Termination or Reduction of the Revolving Commitments 26 SECTION 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 Interest Rate Determination 28 SECTION 2.12 Optional Conversion of Revolving Advances 29 SECTION 2.13 Optional Prepayments of Revolving Advances 29 SECTION 2.14 Increased Costs 29 SECTION 2.15 Illegality 30 SECTION 2.16 Payments and Computations 30 SECTION 2.17 Taxes 31 SECTION 2.18 Sharing of Payments, Etc. 33 SECTION 2.19 Use of Proceeds 33 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence of Debt 35 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 3.01 Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 SECTION 3.02 Conditions Precedent to Each Revolving Borrowing, Issuance and Commitment Increase 36 SECTION 3.03 Conditions Precedent to Each CAF Borrowing 37 SECTION 3.04 Determinations Under Section 3.01 37 ARTICLE IV

  • Amounts and Terms of the Advances and Letters of Credit SECTION 2.01. The Advances and Letters of Credit. (a)

  • The Advances The Liquidity Provider hereby irrevocably agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until 12:00 Noon (New York City time) on the Expiry Date (unless the obligations of the Liquidity Provider shall be earlier terminated in accordance with the terms of Section 2.04(b)) in an aggregate amount at any time outstanding not to exceed the Maximum Commitment.

  • AMOUNTS AND TERMS OF THE ADVANCES AND THE LETTERS OF CREDIT SECTION 2.01. The Advances and the Letters of Credit. (a)

  • Terms of the Loan 2.1 The Lender will lend to the Company, and the Company will borrow from the Lender by way of one advance to be evidenced by a promissory note in the form attached hereto as Schedule “A”, the Principal sum of fifty thousand dollars (USD) subject to the terms and conditions of this Agreement and the Securities.

  • Conditions to Advances The obligation of Lender to make each Advance hereunder, including the Initial Advance, shall be subject to the prior or simultaneous occurrence or satisfaction of each of the following conditions:

  • Amount and Terms of the Loans 2.1 Commitments 25 2.2 Borrowings 26 2.3 Disbursements; Funding Reliance; Domicile of Loans 29 2.4 Evidence of Debt; Notes 30

  • Conditions of Advances Upon reasonable advance request from Borrower, Lender shall make advances to or as directed by Borrower, provided that each and all of the following conditions is satisfied:

  • Conditions of Loans 6 3.1 Conditions Precedent to Initial Credit Extension................................................6 3.2 Conditions Precedent to all Credit Extensions...................................................6

  • Disbursement of Advances (a) Upon receiving any Request for Revolving Credit Advance from Borrower under Section 2.3 hereof, Agent shall promptly notify each Revolving Credit Lender by wire, telex or telephone (confirmed by wire, telecopy or telex) of the amount of such Advance being requested and the date such Revolving Credit Advance is to be made by each Revolving Credit Lender in an amount equal to its Revolving Credit Percentage of such Advance. Unless such Revolving Credit Lender’s commitment to make Revolving Credit Advances hereunder shall have been suspended or terminated in accordance with this Agreement, each such Revolving Credit Lender shall make available the amount of its Revolving Credit Percentage of each Revolving Credit Advance in immediately available funds to Agent, as follows:

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