Advances and Notes Sample Clauses

The "Advances and Notes" clause governs the terms under which one party may provide funds to another in the form of advances or promissory notes. It typically outlines the conditions for issuing advances, the repayment schedule, applicable interest rates, and any collateral requirements. For example, it may specify that advances are only available up to a certain limit or that notes must be repaid within a set timeframe. The core function of this clause is to clearly define the financial arrangements between parties, reducing uncertainty and managing the risk associated with lending and borrowing within the agreement.
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Advances and Notes. 2.1 Receivables Advances; Receivables Loan 2.2 Issuance of Note; Rate of Interest; Receipt of Payments
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Advances and Notes. Subject to the terms and conditions hereof, each Lender agrees to make available to Borrowers on and after December 31, 2003 (the "Establishment Date") and from time to time prior to the Maturity Date (as defined in subsection 1.8.1 below), various advances (each, an "Advance" and, collectively, "Advances") in a total amount not to exceed such Lender's Loan Commitment (as defined below). Borrowers shall execute and deliver to each Lender a revolving note to evidence the Loan Commitment of that Lender. Each revolving note shall be in the principal amount of the product of $50,000,000 times such Lender's Pro Rata Share (as defined in subsection 9.1.1 below) and shall be in the form of Exhibit 1.1 (a) hereto (each, together with any and all amendments thereto and substitutions therefor, a "Note" and, collectively, the "Notes"). Each Note shall represent the obligation of Borrowers to repay the amount of the applicable Lender's actual Advances, together with interest thereon. All Borrowers shall be jointly and severally liable for all indebtedness under the Notes and all obligations under the Loan Documents.
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Advances and Notes 
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Related to Advances and Notes

  • Amounts and Terms of the Advances and Letters of Credit SECTION 2.01. The Advances and Letters of Credit.

  • AMOUNTS AND TERMS OF THE ADVANCES AND THE LETTERS OF CREDIT The Advances and the Letters of Credit 40 SECTION 2.02 Making the Advances 42 SECTION 2.03 Issuance of and Drawings and Reimbursement Under Letters of Credit 45 SECTION 2.04 Repayment of Advances 47 SECTION 2.05 Termination or Reduction of the Revolving Credit Commitments 48 SECTION 2.06 Prepayments 49 SECTION 2.07 Interest 50 SECTION 2.08 Fees 51 SECTION 2.09 Conversion of Advances 52 SECTION 2.10 Increased Costs, Etc. 53 SECTION 2.11 Payments and Computations 55 SECTION 2.12 Taxes 56 SECTION 2.13 Sharing of Payments, Etc 59 SECTION 2.14 Use of Proceeds 60 SECTION 2.15 Defaulting Lenders 60 SECTION 2.16 Evidence of Debt 62 SECTION 2.17 Mitigation; Replacement of Lenders 63

  • Advances; Loans; Pledges You authorize the Manager to advance the Manager’s own funds for your account, charging current interest rates, and to arrange loans for your account for the purpose of carrying out the provisions of the applicable AAU and any Intersyndicate Agreement, and in connection therewith, to hold or pledge as security therefor all or any securities which the Manager may be holding for your account under the applicable AAU and any Intersyndicate Agreement, to execute and deliver any notes or other instruments evidencing such advances or loans, and to give all instructions to the lenders with respect to any such loans and the proceeds thereof. The obligations of the Underwriters under loans arranged on their behalf will be several in proportion to their respective Original Underwriting Obligations, and not joint. Any lender is authorized to accept the Manager’s instructions as to the disposition of the proceeds of any such loans. In the event of any such advance or loan, repayment thereof will, in the discretion of the Manager, be effected prior to making any remittance or delivery pursuant to Section 8.2, 8.3, or 9.2 hereof.

  • Agent Advances (i) Subject to the limitations set forth below, the Agent is authorized by the Borrower and the Revolving Credit Lenders, from time to time in the Agent’s sole discretion, upon notice to the Revolving Credit Lenders, (A) after the occurrence of a Default or an Event of Default, or (B) at any time that any of the other conditions precedent set forth in Article IX have not been satisfied, to make Base Rate Loans to the Borrower on behalf of the Lenders in an aggregate principal amount outstanding at any time not to exceed 10% of the Borrowing Base (provided that the making of any such Loan does not cause the Aggregate Revolver Outstandings to exceed the Maximum Revolver Amount) which the Agent, in its good faith judgment, deems necessary or desirable (1) to preserve or protect the Collateral, or any portion thereof, (2) to enhance the likelihood of, or maximize the amount of, repayment of the Loans and other Obligations (including through Base Rate Loans for the purpose of enabling Holdings and its Subsidiaries to meet their payroll and associated Tax obligations), and/or (3) to pay any other amount chargeable to the Borrower pursuant to the terms of this Agreement, including costs, fees and expenses as described in Section 14.7 (any of such advances are herein referred to as “Agent Advances”); provided, that the Required Lenders may at any time revoke the Agent’s authorization to make Agent Advances. Any such revocation must be in writing and shall become effective prospectively upon the Agent’s receipt thereof. (ii) The Agent Advances shall be secured by the Collateral Agent’s Liens in and to the Collateral and shall constitute Base Rate Loans and Obligations hereunder.

  • Loans, Advances and Investments No Loan Party may (i) make any loan, advance, reimbursement of expenses, extension of credit, or capital contribution to, (ii) make any investment in, or purchase or commit to purchase any stock or other securities of or interests in, or (iii) enter into any joint venture, partnership, or other similar arrangement with, any Person, other than (a) marketable obligations issued or unconditionally guaranteed by the United States government or issued by any of its agencies and backed by the full faith and credit of the United States of America (and investments in mutual funds investing primarily in those obligations); (b) marketable obligations issued by any state of the United States of America or any political subdivision of any such state or any public instrumentality thereof and rated “Aa2” or better by ▇▇▇▇▇’▇ or “AA” by S&P (and investments in mutual funds investing primarily in those obligations); (c) certificates of deposit or banker’s acceptances that are fully insured by the Federal Deposit Insurance Corporation or are issued by commercial banks having combined capital, surplus, and undivided profits of not less than $250,000,000 (as shown on its most recently published statement of condition (and investments in mutual funds investing primarily in those certificates of deposit or banker’s acceptances)); (d) commercial paper and similar obligations rated “P-2” or better by ▇▇▇▇▇’▇, or “A-2” or better by S&P (and investments in mutual funds investing primarily in those obligations); (e) checking and demand deposit accounts maintained in the ordinary course of business (subject to the delivery deadlines set forth in Section 6.1(d) and Section 8.16, provided an executed Deposit Account Control Agreement has been delivered to Lenders in Proper Form); (f) expense accounts or loans or advances to its directors, managers, officers or employees for expenses incurred in the ordinary course of business and solely relating to such Persons’ travels and other activities undertaken on behalf of the Loan Parties and their businesses, which may not, in the aggregate, at any time exceed $25,000; (g) investments in securities purchased by any Loan Party under repurchase obligations pursuant to which arrangements are made with selling financial institutions (being a financial institution having unimpaired capital and surplus of not less than $500,000,000 and with a rating of “A-1” by S&P or “P-1” by ▇▇▇▇▇’▇) for such financial institutions to repurchase such securities within thirty (30) days from the date of purchase by such Loan Party, and other similar short term investments made in connection with the Loan Party’s cash management practices; (h) Permitted Acquisitions; (i) non-cash proceeds from dispositions permitted under Section 9.9; (j) investments by any Borrower in any other Borrower or the Company; (k) investments by any Guarantor in any Loan Party (other than investments by the Company in Holdings); (l) cash and Cash Equivalents; (m) prepaid expenses incurred in the ordinary course of business; (n) security deposits in respect of real property leases; (o) accounts receivable or notes receivable created in the ordinary course of business; (p) to the extent constituting investments, transactions expressly permitted under Sections 9.1, 9.6, 9.10 and 9.15; (q) investments to the extent that payment for such investments is made solely by the issuance of Equity Securities (other than Disqualified Stock) of Holdings to the seller of such investments, provided, that such investments would not result in a Change of Control; (r) investments of a Person that is acquired and becomes a Subsidiary of a Loan Party or of a company merged or amalgamated or consolidated into any Loan Party, in each case after the Closing Date and pursuant to a Permitted Acquisition, to the extent that such investments were not made in contemplation of or in connection with such Permitted Acquisition by a Loan Party and were in existence on the date of such Permitted Acquisition; (s) the forgiveness or conversion to equity (other than Disqualified Stock) of any Permitted Debt owed to a Loan Party; (t) guarantees by any Loan Party of leases entered into by a Loan Party in the ordinary course of business; and (u) the loans, advances and/or investments set forth on Schedule 9.4.