Advanced Funds Sample Clauses

Advanced Funds. Advanced Funds shall mean and include, (i) the Initial Tower Loan, (ii) any future Loans and/or Advanced given by Tower to TCTS (its shareholders and Directors), Xxxxxxxxx and/or Xxxxxxx, (iii) any and all legal fees and costs incurred by Tower in furtherance of the Purchase Transaction.
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Advanced Funds. Within two (2) business day after Buyer receives a Request Notice from Seller, Buyer shall distribute, by wire transfer, such requested amount to Seller in cash to the account designated by Seller (“Advanced Funds”). Buyer shall not be obligated to make more than one (1) distribution of Advanced Funds per week, and notwithstanding anything herein to the contrary, in no event shall Buyer be obligated to distribute Advanced Funds in an amount that exceeds (i) $43,000 in the first week after the Effective Date (the “Initial Week”), (ii) $28,000 in any one (1) week period after the Initial Week, or (iii) $127,000 in total during the term of this Agreement.
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Advanced Funds. Vendor agrees to use advanced funds, if any, only for the Services identified under this Contract.
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Advanced Funds. 5.1 Promptly after execution of this Agreement, Summit shall establish one or more accounts with one or more banks that are members of the FDIC and shall deposit the Advanced Funds therein. In the event more than one account is established, the Advanced Funds may be allocated between such accounts in such proportions as determined by Summit in its sole and absolute discretion. No other funds shall be commingled with the Advanced Funds in such account or accounts. The account or accounts established hereunder shall be maintained at all times until the earlier to occur of (i) two (2) years from the Effective Date, or (ii) the point in time when Summit has recouped the Advanced Funds pursuant to this Agreement.
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Advanced Funds. Tenant will advance funds to City in an amount not to exceed $1,738,456.38 to be used exclusively for the payment of actual costs incurred by City in the construction of the Flying T Project (“Advanced Funds”). Tenant shall advance funds to City on a monthly basis as City incurs construction costs and provides Tenant the supporting documentation thereof. Each month City shall submit to Tenant a request for funds along with a certification that the Project is within budget, including the line-item budgets. Tenant shall advance the requested funds within ten (10) days of receipt of the request and certification. If City anticipates that the Project cannot be completed within the budget of $1,738,456.38, City will immediately notify Tenant in writing and City shall find additional funding sources necessary to complete the Project as scheduled. City shall use its best efforts to ensure the Project is completed on budget and on time.
Sample 1
Advanced Funds. Each amount advanced or paid hereunder shall be advanced or paid, as the case may be, in immediately available funds in such form of funds as may from time to time be customarily used in Toronto, Ontario in the settlement of banking transactions similar to the banking transactions required to give effect to the provisions of this Agreement on the day such advance, disbursement or payment is to be made.
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Related to Advanced Funds

  • Unexpended Funds Grantee understands and agrees that funds which remain unexpended at the end of the term of the Agreement or upon termination of the Agreement shall be returned to the Commonwealth within sixty (60) days of the project’s ending date or termination date along with the submission of the Final Completion Report and/or Final Expenditure Report, depending on the applicable program requirements.

  • Agreement to Advance Funds (a) The Investor agrees to advance the amount specified in the Advance Notice to the Company after the completion of each of the following conditions and the other conditions set forth in this Agreement:

  • Good Funds All amounts payable by the parties at Closing, including any loan proceeds, Cash at Closing 120 and closing costs, must be in funds that comply with all applicable Colorado laws, including electronic transfer funds, certified 121 check, savings and loan teller’s check and cashier’s check (Good Funds).

  • Pre-Funding Account On the Closing Date, the Depositor shall deposit in the Pre-Funding Account $0.00 (the “Pre-Funding Account Initial Deposit”) from the net proceeds of the sale of the Notes. On each Subsequent Transfer Date, if any, upon satisfaction of the conditions set forth in Section 2.03(b) with respect to such transfer, the Servicer shall instruct the Indenture Trustee to withdraw from the Pre-Funding Account (i) an amount equal to [RESERVED]% of the result of the aggregate Starting Principal Balance of the Subsequent Receivables transferred to the Trust on such Subsequent Transfer Date less the Yield Supplement Overcollateralization Amount with respect to such Subsequent Receivables as of the related Cutoff Date and (ii), on behalf of the Depositor, deposit into the Reserve Account a portion of such funds equal to the Reserve Account Subsequent Transfer Deposit with respect to such Subsequent Transfer Date and distribute the remainder to or upon the order of the Depositor as payment for such Subsequent Receivables. If the Pre-Funded Amount has not been reduced to zero on the Payment Date immediately following the calendar month in which the Funding Period, if any, ends, the Servicer shall instruct the Indenture Trustee to transfer from the Pre-Funding Account on such Payment Date any amount then remaining in the Pre-Funding Account to the Note Distribution Account for distribution in accordance with Section 8.02(g) of the Indenture.

  • Loan Proceeds Borrower shall use the proceeds of the Loan received by it on the Closing Date only for the purposes set forth in Section 2.1.4.

  • Cash Advances An Finance Charge will be imposed on cash advances from the date made or from the first day of billing cycle in which the cash advance is posted to your account, whichever is later, and will continue to accrue until the date of payment.

  • Escrowed Funds Upon receipt of the Escrowed Funds, the Escrow Agent shall hold the Escrowed Funds in escrow pursuant to the terms of this Agreement. Until such time as the Escrowed Funds shall be distributed by the Escrow Agent as provided herein, the Escrowed Funds shall be deposited by the Escrow Agent in an interest bearing account or as may otherwise be directed by the Corporation in writing. The Escrow Agent shall be entitled to sell or redeem any investment of the Escrowed Funds as necessary to make any distributions required under this Agreement and shall not be liable or responsible for any loss resulting from any such sale or redemption. Interest, if any, resulting from any investment of the Escrowed Funds shall be retained by the Escrow Agent, and shall be distributed according to this Agreement.

  • Disbursement of Loan Proceeds (a) The Trustee, as the agent of the Trust, shall disburse the amounts on deposit in the Project Loan Account to the Borrower upon receipt of a requisition executed by an Authorized Officer of the Borrower, and approved by the Trust, in a form meeting the requirements of Section 5.02(3) of the Bond Resolution.

  • Funding Account The Administrative Agent shall have received a notice setting forth the deposit account of the Borrower (the “Funding Account”) to which the Administrative Agent is authorized by the Borrower to transfer the proceeds of any Borrowings requested or authorized pursuant to this Agreement.

  • Acquisition Loans The proceeds of the Acquisition Loans may be used only for the following purposes: (i) for working capital and general corporate purposes, including, without limitation, the issuance of Letters of Credit and to pay outstanding Floor Plan Loans; and (ii) to make Permitted Acquisitions.

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