Financial Accommodations Sample Clauses

Financial Accommodations. Bank, SIGNATURE and Merchant intend this Agreement to be construed as a contract to extend financial accommodations for the benefit of Merchant.
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Financial Accommodations. The Agreement applies to all commercial loans and other financial accommodations now or hereafter extended by Lender to Borrower, including but without limitation those described below in detail: $40,000,000.00 Revolving Line of Credit. Subject to the terms of the Agreement, Lender agrees to make loans to Borrower under a revolving line of credit as follows:
Sample 1
Financial Accommodations. Upon the terms and conditions of this Agreement, Lender shall, from time to time upon request by Borrower, issue Letters of Credit and Banker's Acceptances for the account of Borrower provided that (i) the maximum undrawn face amount of all Letters of Credit and Banker's Acceptances outstanding at any time (including the amount of the requested Letter of Credit or Banker's Acceptance) shall not exceed $3,000,000, (ii) Borrower would be entitled to an advance under SECTION 2.1 in the amount of the requested Letter of Credit or Banker's Acceptance, (iii) the Letter of Credit or Banker's Acceptance is for a business purpose, and (iv) any Letter of Credit or Banker's Acceptance issued hereunder shall terminate on or before the Termination Date. As a condition to the issuance of any Letter of Credit, Borrower shall execute and deliver to Lender its customary Letter of Credit application and shall pay to Lender upon issuance of such Letter of Credit, in addition to clerical issuance and transaction costs charged by Lender, a Letter of Credit fee in an amount equal to ONE AND ONE-HALF PERCENT (1.5%) PER ANNUM of the unfunded face amount of each Letter of Credit. As a condition to the issuance of any Banker's Acceptance, Borrower shall execute and deliver to Lender such documents as Lender may request and pay to Lender upon the issuance of such Banker's Acceptance, in addition to clerical issuance and transaction costs charged by Lender, a Banker's Acceptance fee in the amount required by Lender. Each Letter of Credit and Banker's Acceptance shall be issued in a form satisfactory to Lender.
Sample 1
Financial Accommodations. Except as expressly set forth in the Note Purchase Agreements, no Beneficiary is obligated to give or to continue any financial accommodations to the Company, the Guarantor or any of the Company's other Subsidiaries or to change or extend the time of payment of, or renew or alter, any liability of the Company, the Guarantor or any of the Company's other Subsidiaries, any security therefor or any liability incurred directly or indirectly in respect thereof.
Sample 1
Financial Accommodations. Set forth on Schedule IV is a list as ------------------------ of the date hereof of all agreements or other instruments and the principal amount thereof to be included as Financial Accommodations.
Sample 1
Financial Accommodations. Omega Acquisition Facility I, LLC, a Delaware limited liability company ("Initial Borrower"), Agent and Lenders are concurrently herewith entering into that certain Loan Agreement (the "Loan Agreement") dated as of even date herewith pursuant to which Lenders shall extend financial accommodations to Borrowers (as defined therein).
Sample 1
Financial Accommodations. The Purchasers shall use commercially reasonable efforts to arrange for International to obtain (a) such financing as shall be required for International to (i) satisfy its obligations in respect of the Change of Control Offer and (ii) make such capital expenditures and investments and consummate such acquisitions as shall be approved by International's Board of Directors and stockholders and (b) an increase of $10,000,000 in its existing line of credit from Congress Financial Corporation (Central) and CoreStates Bank N.A.
Sample 1
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Financial Accommodations. KORTA, the ISO and the Merchant intend this Agreement to be construed as a contract to extend financial accommodations for the benefit of the Merchant.
Sample 1
Financial Accommodations. PAYSTRAX, the ISO and the Merchant intend this Agreement to be construed as a contract to extend financial accommodations for the benefit of the Merchant.
Sample 1

Related to Financial Accommodations

  • Letter of Credit Accommodations (a) Subject to and upon the terms and conditions contained herein, at the request of Borrower, Lender agrees to provide or arrange for Letter of Credit Accommodations for the account of Borrower containing terms and conditions acceptable to Lender and the issuer thereof. Any payments made by Lender to any issuer thereof and/or related parties in connection with the Letter of Credit Accommodations shall constitute additional Revolving Loans to Borrower pursuant to this Section 2.

  • Reaffirmation of Credit Party Obligations Each Credit Party hereby ratifies the Credit Agreement and acknowledges and reaffirms (a) that it is bound by all terms of the Credit Agreement applicable to it and (b) that it is responsible for the observance and full performance of its respective Credit Party Obligations.

  • OBLIGATIONS OF BORROWER Until payment in full of all Loan Facility Obligations and termination of the Loan Documents, Borrower agrees as follows:

  • Conditions of Credit The obtaining or maintaining of credit hereunder shall be subject to the terms and conditions contained in this Article 8.

  • Extensions of Credit The Extensions of Credit made by each Lender shall be evidenced by one or more accounts or records maintained by such Lender and by the Administrative Agent in the ordinary course of business. The accounts or records maintained by the Administrative Agent and each Lender shall be conclusive absent manifest error of the amount of the Extensions of Credit made by the Lenders to the Borrower and the interest and payments thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of the Borrower hereunder to pay any amount owing with respect to the Obligations. In the event of any conflict between the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error. Upon the request of any Lender made through the Administrative Agent, the Borrower shall execute and deliver to such Lender (through the Administrative Agent) a Revolving Credit Note and/or Swingline Note, as applicable, which shall evidence such Lender’s Revolving Credit Loans and/or Swingline Loans, as applicable, in addition to such accounts or records. Each Lender may attach schedules to its Notes and endorse thereon the date, amount and maturity of its Loans and payments with respect thereto.

  • Credit The Credit awarded in section 2 of this Agreement will be allocated to Taxpayer by taxable year as set forth in Exhibit A, provided that Taxpayer achieves the Milestones associated with the applicable taxable year, which includes all investments agreed to in the prior years, as set forth in Exhibit A. Taxpayer acknowledges and agrees that, an allocated portion of the Credit is earned by Taxpayer in the taxable year when the Milestones associated with that allocated portion of the Credit are achieved and to avoid recapture, Taxpayer must maintain such Milestones for three (3) subsequent taxable years. All required Milestones identified on a taxable year basis in Exhibit A, must be met in order to earn the allocated portion of the Credit. In the event Taxpayer satisfies the taxable year Milestones in an earlier taxable year than described in Exhibit A (no earlier than taxable year 2017), upon written approval from GO-Biz, Taxpayer may claim the allocated portion of the Credit in the 0000 X Xxxxxx, 00xx XXXXX, XXXXXXXXXX, XXXXXXXXXX 00000 earlier taxable year when the Milestones are achieved. If Taxpayer satisfied certain taxable year Milestones in an earlier taxable year than described in Exhibit A (no earlier than taxable year 2017), and received written approval from GO-Biz to claim the Credit in the earlier taxable year, then Taxpayer need only maintain such Milestone for three (3) subsequent taxable years to avoid recapture as further described in Section 10. In the event that Taxpayer fails to satisfy each Milestone identified in Exhibit A in the taxable year associated with those Milestones including all Investments agreed to in the prior years, no portion of the Credit will be considered earned in that taxable year, but GO-Biz will not unreasonably deny the Credit to Taxpayer for immaterial variances from the Milestones. In determining whether Taxpayer satisfies each Investment Milestone, Taxpayer may include the aggregate amount of Investment made in prior taxable years (beginning with taxable year 2017) that was in excess of the cumulative Investment Milestones for such taxable years. Any allocated portion of the Credit associated with a specific taxable year in Exhibit A, which is not earned in that year due to failure to achieve the Milestones associated with that taxable year will be earned in the taxable year in which the Milestones are met, but in no event later than the last taxable year identified in Exhibit A.

  • Obligations of the Borrower 13 Section 3.01.

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