ADVANCES AND INTEREST. Upon the occurrence of any Event of Default, Landlord may, if such default has not been cured, cure that default for the account and at the expense of Tenant. If Landlord is curing such default is compelled to pay or elects to pay any sum of money or do any acts which will require the payment of any sum of money, the sum so paid or incurred shall be reimbursed by Tenant upon demand by Landlord. All sums as to which Tenant is in default of payment shall bear interest at the rate of Twelve percent (12%) per annum until paid.
ADVANCES AND INTEREST. 12 SECTION 2.06. Prepayments................................13 SECTION 2.07.
ADVANCES AND INTEREST. 1.1 Any request for the Advance shall be made no later than 10 am London time on the relevant funding date.
ADVANCES AND INTEREST. (a) If the LC Bank shall --------------------- make any payment under a Letter of Credit upon a Tender Drawing submitted thereunder pursuant to Section 4.01 of the relevant Indenture and, on the date of such payment, the conditions precedent set forth in Section 3.03 shall have been fulfilled, the portion of such payment corresponding to principal on the Bonds shall constitute an advance made by the Banks to the Company on the date and in the amount of such payment (each such advance being an "Advance"). The Company shall pay interest on the unpaid principal amount of each Advance monthly in arrears on the last Business Day of each month (or, if earlier, the last day of an Interest Period for an Advance), and on the date of repayment of such Advance. Each Advance shall bear interest from the date of the incurrence thereof until the date upon which such Advance is paid in full at the Base Rate unless the Company has elected to pay interest at the Eurodollar Rate pursuant to subsection (b) below. Notwithstanding any other provision to the contrary herein, each Advance shall be due and payable by the Company to the Banks on the earlier of (i) the Cancellation Date, (ii) the date 180 days from the making of such Advance, (iii) the date specified in Section 2.06(b) below, and (iv) the date required by Section 6.02. (b) The Company may from time to time elect to convert any Advance to a Eurodollar Rate Advance by notice to the Administrative Agent, specifying the Advance, the duration of the Interest Period for such Advance, the amount of such Advance, and the date on which such Advance shall become a Eurodollar Rate Advance, such notice to be received by the Administrative Agent by 11:00 A.M. (New York time) at least three Business Days prior to the effective date of the requested conversion. Such Advance shall continue to be a Eurodollar Rate Advance, with an Interest Period of the duration selected by the Company in accordance with the immediately preceding sentence, determined by the Administrative Agent in accordance herewith, until the Company shall elect, by written notice to the Administrative Agent in accordance with the next following sentence, to convert such Advance to a Base Rate Advance or to convert the Interest Period for such Advance to an Interest Period of a different duration.
ADVANCES AND INTEREST. 3.1 Subject to the terms and conditions of this Agreement, we shall make up to an aggregate of $7,500,000.00 (the "Maximum Credit Facility") available to you and your affiliates Blumenthal/Lansing Company (under our separate Accounts Recxxxxxxx Xxnancing Agreement with such borrower) and Carlyle Industries, Inc. (under our separate Financing Agreement with such borrower) (available to each such affiliate under their respective financing agreements) upon request therefor, as follows:
ADVANCES AND INTEREST. (a) All Loans requested by Borrower must be requested by 11:00 A.M. Arizona time, five (5) Business Days prior to the date of such requested Loan. All requests or confirmations of requests for a Loan are to be in writing and may be sent by telecopy or facsimile transmission or by email provided that Lender shall have the right to require that receipt of such request not be effective unless confirmed via telephone with Lender. Borrower may not request more than one (1) Loan per calendar month. As express conditions precedent to Lender making each Loan to Borrower, Borrower shall deliver to Lender the documents, instruments and agreements required pursuant to Section 2.3, 2.4, and 2.5 (as applicable) of this Agreement (including, without limitation, the Loan Payment Request Form).
ADVANCES AND INTEREST. 3.1 Subject to the terms and conditions of this Agreement, we shall make up to $30,000,000.00 (the "Maximum Credit Facility") available upon your request therefor, as follows:
ADVANCES AND INTEREST. 3.1 Subject to the terms and conditions of this Agreement, we shall make up to an aggregate of $7,500,000.00 (the "Maximum Credit Facility") available to you and your affiliates Blumenthal/Lansing Company and Westwater Industries, Inc. (xxxxxxxxx to each such affiliate under their respective financing agreements), at closing as follows: (i) a Term Loan, evidenced by the Term Loan Promissory Note of even date herewith, in the principal amount of $2,000,000 (herein the "Term Loan"), and (ii) revolving credit advances in an amount of up to $500,000 in the aggregate outstanding at any time made to you upon your request therefor, as follows:
ADVANCES AND INTEREST. Upon the occurrence of any Event of Default, Landlord may, if such default has not been cured, cure that default for the account and at the expense of Tenant. If Landlord in curing such default is compelled to pay or elects to pay any sum of money or do any acts which will require the payment of any sum of money, the sum so paid or incurred shall be reimbursed by Tenant upon demand by Landlord.
ADVANCES AND INTEREST. (A) Provided that an Event of Default does not then exist, and provided that all of the conditions precedent in SECTION 6 of this Loan Agreement have been satisfied, LaSalle shall make Advances to Binks an aggregate amount not to exceed Five Million and no/100 Dollars ($5,000,000.00) at any time, minus the aggregate amount of any Foreign Exchange Obligations. Excepting only the Foreign Exchange Obligations, all Advances pursuant to this SECTION 3 shall bear interest at the interest Rate accrued on the outstanding daily unpaid principal of each Advance (based upon a 360-day year) from the date thereof until payment in full is made.
