Amount and Disbursement. The Parties acknowledge that the Initial Portion was disbursed in the amounts of $500,000.00 on November 1, 1996 and $4,200,000 to be disbursed on January 2, 1997, respectively. The initial portion shall henceforth be subject to this Loan Agreement. Any notes previously issued in connection with the initial portion shall be returned to Borrower for cancellation and the Initial Portion shall upon such cancellation be reflected in and subject to the Note.
Amount and Disbursement. The Future Portion shall consist of Advances to be made by Lender to Borrower up to the maximum principal amount of $5,000,000.00 minus the Principal Balance outstanding from time to time during the term of this Loan Agreement, provided that all of the terms and conditions set forth in subsection 2.2.3 have been satisfied.
Amount and Disbursement. The Initial Portion shall consist of a disbursement to be made by Agent to Borrowers in the amount of $__________ on the Closing Date, provided that all of the terms and conditions set forth in Section 4.1 have been satisfied.
Amount and Disbursement. The Future Portion shall consist of Advances to be made by Lenders to Borrowers up to the maximum amount of $____________ from time to time after the Closing Date until the end of the first Loan Year, provided that all of the terms and conditions set forth in subsection 2.2.3 have been satisfied.
Amount and Disbursement. The Term Loan shall consist of a term loan to be made by Lenders to Borrower in the aggregate amount of $15,000,000. Each Lender severally agrees to disburse its Term Loan Ratable Share of the Term Loan to or as directed by Borrower when all of the terms and conditions set forth in Article IV have been satisfied.
Amount and Disbursement. 13 Section 2.02. Commitment Fee .................................................................... 14 Section 2.03. Cancellation of the Commitment .................................................... 14 Section 2.04. Maintenance Fee ................................................................... 14 Section 2.05. Interest .......................................................................... 14 Section 2.06. Repayment of the Loan ............................................................. 15 Section 2.07. Voluntary Prepayment .............................................................. 15 Section 2.08. Mandatory Prepayment .............................................................. 15 Section 2.09. Facility Fee ...................................................................... 16 Section 2.10. Taxes ............................................................................. 16 Section 2.11. Miscellaneous ..................................................................... 17
Amount and Disbursement. Term Loan B shall consist of a term ----------------------- loan from the Term Loan B Lenders to Borrower in the aggregate amount of $13,500,000. Subject to the terms and conditions set forth in this Credit Agreement, and in reliance on the representations and warranties of Borrower set forth herein, on the Effective Date each Term Loan B Lender severally agrees to disburse its Pro Rata Share of Term Loan B to or as directed by Borrower.
Amount and Disbursement. Advances of the Revolving Loan and Issuance of Standby Letters of Credit. Upon the terms and subject to the conditions herein set forth, Lender agrees to make Advances of the Revolving Loan to Borrower from time to time from the Closing Date to the Revolving Loan Maturity Date in an aggregate amount outstanding at any one time not in excess of the Revolving Loan Commitment then in effect. Lender agrees to issue Standby Letters of Credit under the Revolving Loan upon satisfaction of the conditions set forth in subsection 2.1.1(b) below. The issuance of a Standby Letter of Credit shall immediately reduce the amount of the Revolving Loan Commitment available for Advances by the face amount of that Standby Letter of Credit. A draw against a Standby Letter of Credit shall constitute an Advance of the Revolving Loan, and any Indebtedness with respect to a Standby Letter of Credit or the reimbursement obligations pursuant thereto shall be evidenced by the Note and secured by the Security Agreement and the other Loan Documents;
Amount and Disbursement. (a) Subject to the terms and conditions hereof, the Lender agrees to lend to the Company up to US$378.0 million for the Project.
Amount and Disbursement. 13 Section 2.02. Commitment Fee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Section 2.03. Cancellation of the Commitment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Section 2.04. Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Section 2.05. Repayment of the Loan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Section 2.06. Amortization of the Notes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Section 2.07.
