Loan Advance. Lender agrees, on the terms and conditions set forth herein, to advance to Borrower, in a single advance, $4,550,000.00 (the “Advance”). The Advance shall be disbursed for the account of Borrower in accordance with an executed request therefor in substantially the form attached hereto as Exhibit A (“Request for Advance”).
Loan Advance. Subject to and upon the fulfilment of the conditions precedent contained in paragraph 8 of this Agreement, the Lender will advance the principal amount of the Loan to the Borrower or as the Borrower may otherwise direct.
Loan Advance. (a) Initial Loan Amount and Additional Loan Amount. CEPI shall make available to Dynavax an interest-free, forgivable, unsecured loan for up to a sum equivalent to the manufacturing cost of the Initial Reserved Material, and, if applicable, the Additional Reserved Material (in each case, the “Manufacturing Cost”), based on a Manufacturing Cost per kilogram of Dynavax Material of [***], which shall be advanced by CEPI to Dynavax in two installments, upon receipt of a written loan drawdown notice in the form attached hereto as Exhibit C (a “Loan Drawdown Notice”) for each such installment, as follows: Quantity Total Manufacturing Cost First Installment ([***]) Due Date for First Installment Second Installment ([***])* Due Date for Second Installment* Initial Reserved Material ([***]) [***] [***] [***] [***] [****] Additional Reserved Material ([***]) [***] [***] [***] [****] [****] * The second installment of the Manufacturing Cost shall be payable on a kilogram-by-kilogram basis, based on [***] of the Manufacturing Cost per kilogram (i.e., [***]), upon the applicable Release Date for a particular quantity of Dynavax Material, written notice of which shall be provided by Dynavax to CEPI.
Loan Advance. Under the terms of the Odyssey Cargo Insurance Policy, as the silver is salvaged from the wrecks, Borrower is obligated to deliver cargo reports to the Odyssey Cargo Insurer detailing the inventory (serial bar codes, identification marks, measurements, weight, number of pieces/ingots, etc.), and the estimated value of the cargo (the “Cargo Reports”). Borrower has delivered to the Odyssey Cargo Insurer, the Cargo Report of current silver inventory, attached hereto as Exhibit “A” (the “Silver Inventory”), and hereby confirms that all Silver Inventory listed in the Cargo Report has been delivered for processing and has a value of not less than $25,000,000, and therefor meets the Lender’s requirements for releasing the proceeds of the Loan.
Loan Advance. The Loan, if made by more than one (1) Lender, shall be made by deposit by each Lender of such portion thereof required hereunder with the Agent in accordance with the provisions hereof and the Agent shall upon receipt of such rateable shares of the Loan, remit the Loan to the Borrower, provided that the failure of any Lender to make its rateable portion of the Loan shall not relieve any other Lender of its obligation to make its rateable portion of the Loan and provided further that the Original Lender shall make up any shortfall or failure to Advance by any other Lender such that the full Principal Sum shall be made available to the Borrower by the Original Lender.
Loan Advance. Concurrently with the execution hereof, or on or prior to the first date on which Xxxxxx is to advance the Loan hereunder, if requested by Xxxxxx, Borrower shall cause to be provided to Lender the following:
Loan Advance. Lender agrees, on the terms and conditions set forth herein, to advance to Borrower, in a single advance, $5,685,000.00 (the "Advance"); provided, the Advance shall in no event be greater than 60% of the acquisition cost of the Vessel, as such acquisition cost is approved by the Lender in its sole discretion. The Advance shall be disbursed for the account of Borrower in accordance with an executed request therefor in substantially the form attached hereto as Exhibit A ("Request for Advance").
Loan Advance. (a) Subject to and upon the terms and conditions set forth in this Agreement, Lender shall make each Advance to Borrower on the Financial Closing Date and Additional Advance Date, as applicable, by deposit of Advance proceeds to one or more accounts of a bank located in New York designated by Borrower. Borrower shall notify Lender in writing prior to the Financial Closing Date and Additional Advance Date, as applicable, of the account(s) (and, if there are multiple accounts, the amounts to be deposited into such accounts) into which the Loan proceeds shall be deposited.
Loan Advance. Notwithstanding any other provision of this Agreement or any of the other Loan Documents and without affecting in any manner the rights of Lender under other Sections of this Agreement, it is understood and agreed that the establishment of the DIP Facility and any obligation of Lender to make the Loans is subject to the satisfaction of the following conditions:
Loan Advance. The Borrower hereby requests, authorizes, and instructs the Agent to drawdown and advance under the Revolving Facility the amount of CDN $ to the Borrower on , 20 . This will be the Agent’s authority:
