Addition of Loans Sample Clauses

Addition of Loans. (a) The Depositor, with the consent of the Issuer (which it may provide or withhold in its sole discretion), may designate from time to time Additional Loans to be sold to the Issuer pursuant to this Agreement in exchange for the Purchase Price, in each case on the applicable Addition Date.
Sample 1Sample 2Sample 3See All (9)
AutoNDA by SimpleDocs
Addition of Loans. (a) The Depositor on behalf of itself and the Depositor Loan Trustee, with the consent of the Issuer (which it may provide or withhold in its sole discretion), may designate from time to time Additional Loans to be sold to the Issuer and the Issuer Loan Trustee for the benefit of the Issuer pursuant to this Agreement. Sales of Additional Loans (other than Renewal Loans with respect to Renewal Loan Replacements) to the Issuer and the Issuer Loan Trustee for the benefit of the Issuer shall only occur and be effective on the applicable Addition Date and shall be evidenced by the Seller’s marking of its computer records as specified in Section 2.01(d) herein immediately prior to the start of business on such Addition Date. As soon as practicable, but in any event no later than the Document Delivery Date immediately following such Addition Date, each Seller shall deliver an Additional Loan Assignment as provided in Section 2.08(b)(iii).
Sample 1Sample 2Sample 3
Addition of Loans. (a) The Depositor on behalf of itself and the Depositor Loan Trustee, with the consent of the Issuer (which it may provide or withhold in its sole discretion), may designate from time to time Additional Loans to be sold to the Issuer and the Issuer Loan Trustee for the benefit of the Issuer pursuant to this Agreement. Sales of Additional Loans (other than Renewal Loans with respect to Renewal Loan Replacements) to the Issuer and the Issuer Loan Trustee for the benefit of the Issuer shall only occur and be effective on the applicable Addition Date and shall be evidenced by the Seller’s marking of its computer records as specified in Section 2.01(d) herein immediately prior to the start of business on such Addition Date. As soon as practicable, but in any event no later than the Document Delivery Date immediately following such Addition Date, each Seller shall deliver an Additional Loan Assignment as provided in Section 2.08(b)(iii). Except in connection with a Renewal Loan Replacement, the Depositor shall not convey, assign or transfer (or cause to be conveyed, assigned or transferred) any Additional Loans (or any rights therein) to the Issuer (or the Issuer Loan Trustee for the benefit of the Issuer) other than Additional Loans acquired by the Depositor (and, solely with respect to legal title thereto, the Depositor Loan Trustee for the benefit of the Depositor) from a Seller pursuant to Section 2.03 of the Loan Purchase Agreement.
Sample 1
Addition of Loans. (a) So long as no Amortization Event has occurred and is continuing, Borrower may purchase additional Eligible Loans from PMC pursuant to and in accordance with the terms of the Purchase Agreement and this Section 8.6. Notwithstanding anything herein to the contrary, no such purchase may be made by the Borrower at any time on or after the Amortization Date.
Sample 1

Related to Addition of Loans

  • Conversion of Loans Borrower may convert any Loan from one Type of Loan to another Type; provided, however, that (i) any conversion of LIBOR Loans into Base Rate Loans shall be made on, and only on, the first day after the last day of an Interest Period for such LIBOR Loans, and (ii) Loans shall be converted only in amounts of $10,000,000 and increments of $1,000,000 in excess thereof. Borrower shall request such a conversion by a written notice to Administrative Agent in the form of Exhibit C-2, appropriately completed (a “Notice of Conversion of Loan Type”), which specifies:

  • Acceleration of Loans Declare the unpaid principal of and any accrued interest in respect of all Loans, any reimbursement obligations arising from drawings under Letters of Credit and any and all other indebtedness or obligations of any and every kind owing by a Credit Party to any of the Lenders hereunder to be due whereupon the same shall be immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Credit Parties.

  • Conversion and Continuation of Loans The Lead Borrower on behalf of the Borrowers shall have the right at any time,

  • Allocation of Loan Amounts The Loan shall be withdrawn in a single tranche. The allocation of the amounts of the Loan to this end is set out in the table below: Allocations Amount of the Loan Allocated (expressed in Dollars) Single Tranche $200,000,000 TOTAL AMOUNT $200,000,000 C. Payment of Front-end Fee. No withdrawal shall be made from the Loan Account until the Bank has received payment in full of the Front-end Fee.

  • Acceleration of Loan On the service of a notice under paragraph (a)(ii) of Clause 19.2, the Loan, all accrued interest and all other amounts accrued or owing from the Borrower or any Security Party under this Agreement and every other Finance Document shall become immediately due and payable or, as the case may be, payable on demand.

  • Suspension of LIBOR Loans Anything herein to the contrary notwithstanding, if, on or prior to the determination of LIBOR for any Interest Period:

  • Evidence of Loans (a) Each Bank shall maintain in accordance with its usual practice an account or accounts evidencing indebtedness of the Borrower to such Bank resulting from each Loan made by such Bank from time to time, including, without limitation, the amounts of principal and interest payable and paid to such Bank from time to time under this Agreement.

  • Application of Prepayments of Loans to Base Rate Loans and Eurodollar Rate Loans Considering each Class of Loans being prepaid separately, any prepayment thereof shall be applied first to Base Rate Loans to the full extent thereof before application to Eurodollar Rate Loans, in each case in a manner which minimizes the amount of any payments required to be made by Borrower pursuant to Section 2.18(c).

  • Modification of Loan Documents At any time or from time to time and any number of times, without notice to Guarantor and without affecting the liability of Guarantor, all of the following will apply:

  • Making of Loans (i) In the event that Swing Lender is not obligated to make a Swing Loan, then promptly after receipt of a request for a Borrowing pursuant to Section 2.3(a), Agent shall notify the Lenders, not later than 1:00 p.m. (California time) on the Business Day immediately preceding the Funding Date applicable thereto, by telecopy, telephone, or other similar form of transmission, of the requested Borrowing. Each Lender shall make the amount of such Lender’s Pro Rata Share of the requested Borrowing available to Agent in immediately available funds, to Agent’s Account, not later than 10:00 a.m. (California time) on the Funding Date applicable thereto. After Agent’s receipt of the proceeds of such Advances, Agent shall make the proceeds thereof available to Administrative Borrower on the applicable Funding Date by transferring immediately available funds equal to such proceeds received by Agent to Administrative Borrower’s Designated Account; provided, however, that, subject to the provisions of Section 2.3(d)(ii), Agent shall not request any Lender to make, and no Lender shall have the obligation to make, any Advance if Agent shall have actual knowledge that (1) one or more of the applicable conditions precedent set forth in Section 3 will not be satisfied on the requested Funding Date for the applicable Borrowing unless such condition has been waived, or (2) the requested Borrowing would exceed the Availability on such Funding Date.

Time is Money Join Law Insider Premium to draft better contracts faster.