Agreement to Advance Sample Clauses

Agreement to Advance. The Creditor agrees to advance to the Debtor's nominated broker specified as such in Part 1, to the credit of the Debtor, the Total Advances, when the Debtor has satisfied, in the Creditor's opinion, all the Creditor's initial requirements in relation to this Agreement. The Total Advances may only be used to pay all or part of the Premium.
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Agreement to Advance. Subject to the provisions of this Agreement the Lender agrees to make available the Loan to the Borrower in several Advances in an amount not exceeding $30,000,000 which Advances are to be on lent by the Borrower to the Guarantor and applied by the Guarantor (i) in or towards payment of the second, third and fourth instalments payable to the Seller under the Building Contract and (ii) in or towards refinancing the Pre-Delivery Advances and in payment of the delivery instalment payable to the Seller under the Building Contract on the Delivery Date.
Agreement to Advance. The Authority agrees to make a cash advance to the Borrower for an amount equal to the Facility Limit on the terms of the Facility Documents and the Program.
Agreement to Advance. Upon Borrower's compliance with the requirements of Lender set forth in this Agreement and subject by the terms and conditions hereof, Lender shall advance to Borrower a total amount not to exceed two million six hundred twenty-five thousand dollars and no cents ($2,625,000) in increments as set forth below. Borrower agrees that advances of the Loan Amount shall be made only for the following purposes, in the following increments, in compliance with the terms hereof:
Agreement to Advance. Upon the satisfaction of each of the conditions hereinafter set forth, Lender agrees to advance to Borrower the Loan proceeds on or before October 31, 1995.
Agreement to Advance. Upon Borrower's compliance with the requirements of Lender set forth in this Agreement and subject to the terms and conditions hereof, Lender shall advance to Borrower a total amount not to exceed four million one hundred twenty-five thousand dollars and no cents ($4,125,000.00) in increments as set forth below. Borrower agrees that advances of the Loan Amount shall be made only for the following purposes, in the following increments, in compliance with the terms hereof: a. Purchase Price - ninety percent of authorized, issued Common Stock of Casino xx Xxxxxxxx from the owner of Casino xx Xxxxxxxx (advanced October 28, 1997) $821,074.24 b. Recapitalization of Casino xx Xxxxxxxx $250,000 c. Recapture of costs incurred by Borrower associated with Casino xx Xxxxxxxx $172,000 d. Acquisition fee - Florida Transaction $250,000 e. Funds to operate Florida Casino - Florida Transaction $100,000 f. Money to fund the "cage" - Florida Transaction $100,000 As is set forth in paragraphs 3 and 9, $800,018.30 of this amount was repaid on December 18, 1997. Such sum may be readvanced in compliance with this Agreement.
Agreement to Advance. Subject to the terms and conditions hereof, the Bank agrees to make two Advances to the Borrower on any Banking Date during the period from the Effective Date until July 31, 2011, in an amount not to exceed, in the aggregate, sixteen million United States Dollars (US$16,000,000)(the "Loan"). Amounts repaid cannot be redrawn.
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Agreement to Advance. Purpose. Upon Borrower's compliance with the requirements of Lenders set forth in this Agreement and subject to the terms and conditions hereof, Value Partners shall advance a total amount not to exceed $1,825,000.00 and Price, a total amount not to exceed $1,825,000.00, as evidenced by their respective Notes and Borrower shall repay such sums pursuant to the terms of the Loan Documents. The proceeds of this loan are to be used by Borrower solely (a) to fund the purchase of The Money Centre, Inc. ("MCI") on July 15, 1999, a North Carolina corporation, together with its successors pursuant to the terms of that certain Stock Purchase Agreement dated as of July 7, 1999, by and among the Borrower, MCI and each of the shareholders of MCI, and (b) to pay legal fees and expenses of counsel to the Lenders in the sum of $150,000.00 incurred by Lenders to date in negotiating this and other transactions between Borrower and Lenders. The sum of $150,000.00 payable to such counsel shall be paid directly by Lenders ($75,000.00 each) to such counsel and shall be deemed an advance of that portion of the loan amount to Borrower.
Agreement to Advance. Subject to the provisions of this Agreement the Lender agrees to make available the Loan to the Borrowers in the maximum amount of $9,900,000 and to be divided into 2 Tranches as follows:
Agreement to Advance. Subject to the provisions of this Agreement, the Lenders agree to make the Loan available to the Borrower.
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