ADVANCES ON LOAN Sample Clauses

ADVANCES ON LOAN. The Loan is to be made in one or more advances to Borrower on or before November 30, 1999. At no time shall the outstanding principal balances of the Loan exceed $8,500,000.00 and the terms and amounts of any such draws shall be as permitted under, and controlled by, the specific note. Borrower authorizes Bank to honor any written request for an advance on the Loan from Borrower or from any one of its officers, employees, partners, family members or any other person as may be authorized in writing. Bank may, in its sole discretion and without liability of any kind, honor any oral request made by Borrower for an advance on the Loan. Such request constitutes a warranty by Borrower that the request is in compliance with this Agreement, the Note and all Related Documents. The written request shall be made on documents normally required by Bank and shall be accompanied by all documents normally required by Bank for the particular type of Loan made to Borrower. Bank's records shall be conclusive evidence as to the amount of advances, unpaid principal balances and the accrued interest on the Loan. A check or other charge presented against this account in excess of the balance may be treated by Bank, at its option, as a request for an advance under this Agreement. Any payment by Bank of any such check or other charge may, at its option, constitute an advance on the Loan to Borrower. Bank shall have no duty to make any advances except as expressly stated in the Note.
Sample 1
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ADVANCES ON LOAN. All Advances on the Loan shall be subject to the following terms and conditions:
Sample 1
ADVANCES ON LOAN. MANAGER will provide the following funds to the Board as Transition Advances in accordance with a budget to be approved by the Board, which approval shall not be unreasonably withheld:
Sample 1
ADVANCES ON LOAN. The Loan is to be made in one or more advances to Borrower on or before 04/25/01 . At no time shall the outstanding principal balance of the Loan exceed S 962.000,000.00 . Borrower authorises Bank m honor any written request for an advance on the Loan from Borrower or from any one of the following persons: WALTER MIZE Bank may, in in solx xx=x= xxx without liability of any kind. honor any oral request made by Borrower for an advance on the Loan. Such request cotutituta a warranty by Borrower that the request is in compliance with this Agreement. the Note and all Related Docatmeata. The written request shall be made on documents normally requited by Bank and shall be accompanied by ALL documents normally required by Bank for the particular type of Loan made to Borrower. Bank's records shall be conclusive evidence as in the amount of advances, unpaid principal balances and the seemed' tioetat on the Loan. A check or outer charge presented against this account in excess of the balance may be treated by Bank. at its option. as a request for an advance under this Agreement. Any payment by Bank of any such check or other charge may. at its option. constitute an advance on the Loan m Borrower. Bank shall have m duty to make any advance except a expressly stated in the Note.
Sample 1
ADVANCES ON LOAN. Lender will not be obligated to make the initial advance of the Loan unless (a) it has received all of the items described on Schedule 5.1 in form and substance reasonably satisfactory to Lender; (b) at the time of the advance (i) the material representations and warranties made in the Loan Papers are true and correct in all material respects, and (ii) neither any change in the financial condition or prospect of Borrower which could have a Material Adverse Effect nor any Default or Potential Default shall have occurred and shall be continuing; (c) the making of the advance is permitted by Law and shall not subject Lender to any materially onerous condition; (d) all matters related to the advance are reasonably satisfactory to Lender and its counsel, and, if requested by Lender, Borrower shall have delivered to Lender evidence substantiating any of the matters contained in this Agreement which are reasonably necessary to enable Borrower to qualify for the advance; and (e) Lender shall have received such other agreements, documents, instruments, information, approvals or opinions as Lender may reasonably request.
Sample 1

Related to ADVANCES ON LOAN

  • LOANS, ADVANCES, INVESTMENTS Make any loans or advances to or investments in any person or entity, except any of the foregoing existing as of, and disclosed to Bank prior to, the date hereof.

  • Loans, Advances, Investments, Etc Make or commit or agree to make, or permit any of its Subsidiaries make or commit or agree to make, any Investment in any other Person except for Permitted Investments.

  • Ratable Loans; Types of Advances Each Advance hereunder (other than any Swing Line Loan) shall consist of Revolving Loans made from the several Lenders ratably according to their Pro Rata Shares. The Advances may be Base Rate Advances or Eurocurrency Advances, or a combination thereof, selected by the Borrower in accordance with Sections 2.8 and 2.9, or Swing Line Loans selected by the Borrower in accordance with Section 2.4.

  • Repayments of Interest Advances or the Final Advance Subject to Sections 2.06, 2.07 and 2.09 hereof, the Borrower hereby agrees, without notice of an Advance or demand for repayment from the Liquidity Provider (which notice and demand are hereby waived by the Borrower), to pay, or to cause to be paid, to the Liquidity Provider on each date on which the Liquidity Provider shall make an Interest Advance or the Final Advance, an amount equal to (a) the amount of such Advance (any such Advance, until repaid, is referred to herein as an "UNPAID ADVANCE"), plus (b) interest on the amount of each such Unpaid Advance as provided in Section 3.07 hereof; PROVIDED that if (i) the Liquidity Provider shall make a Provider Advance at any time after making one or more Interest Advances which shall not have been repaid in accordance with this Section 2.05 or (ii) this Liquidity Facility shall become a Downgraded Facility or Non-Extended Facility at any time when unreimbursed Interest Advances have reduced the Maximum Available Commitment to zero, then such Interest Advances shall cease to constitute Unpaid Advances and shall be deemed to have been changed into an Applied Downgrade Advance or an Applied Non-Extension Advance, as the case may be, for all purposes of this Agreement (including, without limitation, for the purpose of determining when such Interest Advance is required to be repaid to the Liquidity Provider in accordance with Section 2.06 and for the purposes of Section 2.06(b)

  • 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).

  • Loans, Advances and Investments Make or permit to remain outstanding any loan or advance to, or own, purchase or acquire any stock, obligations or securities of, or any other interest in, or make any capital contribution to, any Person, or consummate any Acquisition, except that the Company or any Subsidiary may

  • Revolving Advances Subject to the terms and conditions set forth in this Agreement, each Lender, severally and not jointly, will make Revolving Advances to Borrower in aggregate amounts outstanding at any time equal to such Lender's Commitment Percentage of the lesser of (x) the Maximum Revolving Advance Amount less the aggregate amount of outstanding Letters of Credit or (y) an amount equal to the sum of:

  • Making Advances To refrain from making any advances under this Agreement but Lessor may make advances after the happening of any such event without thereby waiving the right to refrain from making other further advances or to exercise any of the other rights Lessor may have.

  • Procedure for Advances of Revolving Credit Loans and Swingline Loans Section 2.4 Repayment and Prepayment of Revolving Credit and Swingline Loans

  • Procedure for Revolving Advances Borrowing (a) Borrower may notify Agent prior to 1:00 p.m. on a Business Day of Borrower’s request to incur, on that day, a Revolving Advance hereunder. Should any amount required to be paid as interest hereunder, or as fees or other charges under this Agreement or any other agreement with Agent or Lenders, or with respect to any other Obligation, become due, same shall be deemed a request for a Revolving Advance as of the date such payment is due, in the amount required to pay in full such interest, fee, charge or Obligation under this Agreement or any other agreement with Agent or Lenders, and such request shall be irrevocable.

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