Advance Funding. Unless the Administrative Agent shall have been notified by any Lender prior to the date of Borrowing that such Lender does not intend to make available to the Administrative Agent its portion of the Borrowing or Borrowings to be made on such date, the Administrative Agent may assume that such Lender has made such amount available to the Administrative Agent on such date of Borrowing, and the Administrative Agent, in reliance upon such assumption, may (in its sole discretion and without any obligation to do so) make available to the Borrower a corresponding amount. If such corresponding amount is not in fact made available to the Administrative Agent by such Lender and the Administrative Agent has made the same available to the Borrower, the Administrative Agent shall be entitled to recover such corresponding amount from such Lender. If such Lender does not pay such corresponding amount forthwith upon the Administrative Agent’s demand therefor, the Administrative Agent shall promptly notify the Borrower, and the Borrower shall immediately pay such corresponding amount to the Administrative Agent. The Administrative Agent shall also be entitled to recover from such Lender or the Borrower, as the case may be, interest on such corresponding amount in respect of each day from the date such corresponding amount was made available by the Administrative Agent to the Borrower to the date such corresponding amount is recovered by the Administrative Agent at a rate per annum equal to (i) if paid by such Lender, the overnight Federal Funds Effective Rate or (ii) if paid by the Borrower, the then applicable rate of interest, calculated in accordance with Section 2.09, for the respective Loans (but without any requirement to pay any amounts in respect thereof pursuant to Section 3.02).
Advance Funding. Unless the Applicable Agent shall have been notified by any Lender prior to the date of Borrowing that such Lender does not intend to make available to such Applicable Agent its portion of the Borrowing or Borrowings to be made on such date, such Applicable Agent may assume that such Lender has made such amount available to such Applicable Agent (or the Canadian Administrative Branch of the Revolver Agent, as the case may be) on such date of Borrowing, and the Applicable Agent (or the Canadian Administrative Branch of the Revolver Agent, as the case may be), in reliance upon such assumption, may (in its sole discretion and without any obligation to do so) make available to the applicable Borrower a corresponding amount. If such corresponding amount is not in fact made available to the Applicable Agent (or the Canadian Administrative Branch of the Revolver Agent, as the case may be) by such Lender and the Applicable Agent (or the Canadian Administrative Branch of the Revolver Agent, as the case may be) has made the same available to such Borrower, such Applicable Agent (or the Canadian Administrative Branch of the Revolver Agent, as the case may be) shall be entitled to recover such corresponding amount from such Lender. If such Lender does not pay such corresponding amount forthwith upon the Applicable Agent’s demand therefor, such Applicable Agent shall promptly notify such Borrower, and such Borrower shall immediately pay such corresponding amount to such Applicable Agent (or the Canadian Administrative Branch of the Revolver Agent, as the case may be). The Applicable Agent (or the Canadian Administrative Branch of the Revolver Agent, as the case may be) shall also be entitled to recover from such Lender or such Borrower, as the case may be, interest on such corresponding amount in respect of each day from the date such corresponding amount was made available by such Applicable Agent (or the Canadian Administrative Branch of the Revolver Agent, as the case may be) to such Borrower to the date such corresponding amount is recovered by such Applicable Agent (or the Canadian Administrative Branch of the Global Agent, as the case may be) at a rate per annum equal to (x) if paid by such Lender, the greater of the Federal Funds Effective Rate and a rate determined by the Applicable Agent in accordance with banking industry rules on interbank compensation or (y) if paid by such Borrower, the then applicable rate of interest, calculated in accordance with Sectio...
Advance Funding. Except for any funding designated for operation and maintenance under Section V, the Grantee may receive advanced working capital only for use in accordance with Attachment A, Scope of Work, based on the availability of funds, upon approval of the Commission, and as follows:
Advance Funding. Prior to the commencement of each Assessment Phase Rayonier will provide the Trustees with an advance lump sum payment in the amount of the agreed-upon budget laid out in the corresponding Phase Plan. Rayonier shall pay such amount within thirty (30) calendar days after the Parties reach agreement on each Phase Plan pursuant to Paragraph 3.2 of this Agreement. Such amount shall be used by the Trustees to cover reasonable assessment costs to implement the corresponding Phase Plan. Rayonier will make such payment in accordance with the instructions attached hereto as Exhibit A.
Advance Funding. Unless the Administrative Agent shall have been notified by any Lender prior to the date of Borrowing that such Lender does not intend to make available to the Administrative Agent its portion of the Borrowing or Borrowings to be made on such date, the Administrative Agent may assume that such Lender has made such amount available to the Administrative Agent on such date of Borrowing, and the Administrative Agent, in reliance upon such assumption, may (in its sole discretion and without any obligation to do so) make available to the Applicable Borrower a corresponding amount. If such corresponding amount is not in fact made available to the Administrative
Advance Funding. Provided that no event of default has occurred and is continuing, from and after the Effective Date, Landlord shall reimburse (or provide advances to) Tenant for, in the aggregate, not more than ten percent (10%) of the funds specified above in Section 25.1 for the uses permitted thereby, which Tenant shall immediately refund to Landlord if Tenant terminates this Lease pursuant to Section 1.3 above. Any such fundings shall be part of, not additions to, Landlord’s aggregate funding obligations set forth above in Section 25.1.
Advance Funding. Advance funding may be provided to a subrecipient upon a written request to the Department. The request must be electronically signed by the subrecipient or implementing agency’s Chief Financial Officer or the Chief Financial Officer designee.
Advance Funding. A Trustee or Trustees may request advanced funding at any time with a reasonably detailed description of the activity to be covered by such funding and the anticipated costs and timing. If Agreeing Party agrees, any such advanced funding will be deposited into an appropriate fund of the requesting Trustee’s choice (e.g., the Department of the Interior’s Natural Resource Damage Assessment and Restoration Fund [NRDAR Fund] or the Texas Treasury Safekeeping Trust Company), where it will be deposited into a segregated subaccount that the Trustees may draw upon to fund their reasonable costs.
Advance Funding. The County will advance $2,000,000 of the City’s share of Project costs through 2021. The City will reimburse the County for the advance based on the following schedule: Year Total 2018 2019 2020 2021 Repayment $152,683.30 $616,000 $616,000 $615,316.70 $2,000,000 The County acknowledges receipt of payments previously made totaling $152,683.30 for the 2018 payment. The Parties acknowledge that the City’s cost share may be more or less that the $2,000,000 advanced by the County. Any portion of the City’s cost share in excess of $2,000,000 shall be invoiced and paid in accordance with the terms of this Agreement.
Advance Funding. In order to begin performing the tasks outlined in the Scope of Work, Developer will advance to District the sum of ($ ) within fifteen (15) days after full execution of this Agreement. From time to time, Developer shall make additional advances to the District within fifteen (15) days following receipt from District of a written notice which will request an additional advance to cover the costs of District to perform the tasks outlined in the Scope of Work. Developer shall make such subsequent advances as requested by District up to a total of $ . If Developer does not deliver the requested funding amount to District within such fifteen (15) day period, District will have no obligation to proceed with the tasks outlined in the Scope of Work unless or until such additional advances are received. Should Developer decide to abandon the Project, Developer shall be responsible to pay all costs and expenses incurred by the District or any District consultant or advisor relating to the tasks outlined in the Scope of Work until work with respect to the tasks outlined in the Scope of Work ceases following the receipt of Developer’s notice of abandonment. In the event of Developer’s decision to abandon the Project or otherwise refuse to deliver the requested additional funding amount to District as requested by District within the applicable 15-day period, Developer hereby consents to, and hereby waives, any protest it may have to the following remedies to be exercised by District: (1) recording in the office of the County Recorder a Certificate declaring the amount of the charges and penalties unpaid and due from Developer, which, from the time of recordation, shall constitute a lien against all real property of Developer owned in Tuolumne County; and (2) to the preparation and filing of a report with the County Auditor of Tuolumne County requesting that the amount of charges and penalties unpaid by Developer be collected on the Property Tax Roll by the Tuolumne County Tax Collector in the same manner as property taxes, all as provided in Government Code Section 61115(b) and (c). The District will provide written notice to Developer when the balance of remaining advances is reduced to Five Thousand Dollars ($5,000.00). District will provide to Developer upon request the summary of how the advances have been spent and the unexpended balance remaining. The District shall give Developer thirty (30) days written notice in the event that the funds required to pay the c...
