XXXXX Advances. If such Advance is a XXXXX Advance, a rate per annum equal to XXXXX in effect from time to time plus the XXXXX Adjustment plus the Applicable Margin for Eurocurrency Rate Advances, payable in arrears on each date that is on the numerically corresponding day in the calendar month that is one month after the Borrowing of such Advance (or, if there is no such numerically corresponding day in such month, then the last day of such month) during the period such XXXXX Advance remains outstanding and on the date such XXXXX Advance shall be paid in full.
XXXXX Advances. During such periods as such Advance is a XXXXX Advance, a rate per annum equal at all times to the sum of (x) the XXXXX Xxxx in effect from time to time plus (y) the Applicable Margin in effect from time to time, payable in arrears quarterly on the last day of each March, June, September and December during such periods and on the date such XXXXX Advance shall be paid in full.
XXXXX Advances. During such periods as such Advance is a XXXXX Advance, a rate per annum equal at all times to the sum of (x) XXXXX in effect from time to time plus (y) the Applicable Margin in effect from time to time, payable in arrears on each date that is on the numerically corresponding day in each calendar month that is one month after the Borrowing of such Advance; provided that, as to any such Advance, (i) if any such date would be a day other than a Business Day, such date shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such date shall be the next preceding Business Day and (ii) with respect to any Borrowing that occurs on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in any applicable calendar month) shall be the last Business Day of any such succeeding applicable calendar month, and on the date such XXXXX Advance shall be paid in full. (b)
XXXXX Advances. The Corporation shall not make any loans or advances to any Person, except (i) endorsement of negotiable instruments for deposit or collection in the ordinary course of business, and (ii) customary advances for reimbursable employee business expenses in the ordinary course of business.
XXXXX Advances. Subject to Xxxxxxx’s performance of Xxxxxxx’s Obligations under this Section 3 below, including the Retained/Relocated Employee requirement under Section 2(o) and its continuous performance under Section 5, Grantee shall receive annual Grant Advances, payable in the amounts described in Section 3(b) below; however, the maximum aggregate amount of Grant Advances shall not exceed THIRTY-FIVE THOUSAND AND NO/100 DOLLARS ($35,000.00). Notwithstanding the foregoing, the Grantee’s right to any Grant(s) Advance shall be conditioned upon and limited by the Space Requirement, Continuous Lease/Ownership and Facility requirements as of any Grant payment date.
XXXXX Advances. Subject to Xxxxxxx’s performance of Xxxxxxx’ s Obligations under this Section 3 below, including the Retained Employee requirement under Section 2(o), Grantee shall receive annual Grant Advances, payable in the amounts described in Section 3(b) below; however, the maximum aggregate amount of Grant Advances shall not exceed FIFTY THOUSAND AND NO/100 DOLLARS ($50,000.00). Notwithstanding the foregoing, the Grantee’s right to any Grant(s) Advance shall be conditioned upon and limited by its continuous satisfaction of Grantee’s Continuous Business Presence, Xxxxxxx’s Facility requirements, and Xxxxxxx’s performance under its Compliance Milestones, as of any Grant Payment Date.
