Amount and Purpose Sample Clauses

Amount and Purpose. 1.1 Loan Amount: the Lender agrees to provide a loan with the amount of RMB 550,000 from its self-owned fund to Party B.
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Amount and Purpose. For the purpose of furnishing telephone service in rural areas, the Government shall lend and the Borrower shall borrow an amount not in excess of $3,945,000 which, together with the sum of $57,983 of equity funds to be deposited by the Borrower in the "Special Construction Account" hereinafter defined and provided for in section 2.4, shall be used to finance, pursuant to the provisions of the Act, the acquisition,construction and operation of telephone lines and facilities (hereinafter called the "Project") to serve approximately 5,604 subscribers and to be located in the Counties of Xxxxxx, DeKalb, Xxxxxxxxxx, Xxxxx and Xxxxxx, and in counties contiguous thereto, all in the State of Tennessee.
Amount and Purpose. For the purpose of furnishing telephone service in rural areas, the Government shall lend and the Borrower shall borrow an amount not in excess of $5,915,000, which, together with the sum of $80,465 (hereinafter called the "equity funds"), to be deposited by the Borrower in the "Special Construction Account" hereinafter defined and provided for in section 2.4, shall be used to finance, pursuant to the provisions of the Act, the acquisition, construction and operation of telephone lines and facilities (hereinafter called the "Project"), to serve a total of approximately 5,065 subscribers, and to be located in the Counties of Clay, Hutchinson, Lincoln, Minnehaha, McCook, Turner, Union and Yankton, and in counties contiguous thereto, all in the State of South Dakota.
Amount and Purpose and the Borrower shall apply all amounts borrowed under the Commitment in accordance with Clause 1.1 (Amount and Purpose).
Amount and Purpose. Each Program Year the Agent shall make a fixed contribution to the overall Expenses of the Roundup L&G Business in an amount equal to twenty million U.S. Dollars ($20,000,000) ("Contribution Payment"). Such Contribution Payment shall be payable by the Agent to Monsanto in twelve equal monthly installments which shall be due on the first day of each month and shall not be subject to any "set-off".
Amount and Purpose. Within seven (7) days after Tenant’s execution of this Lease, Tenant shall provide Landlord, as security for Tenant’s obligations under this Lease, an irrevocable standby letter of credit (as replaced or amended pursuant to this Section 5, the “Letter of Credit”) in the amount of Three Hundred Thousand Dollars ($300,000) in a form, containing terms, issued by a lending institution, and drawable in a location all reasonably acceptable to Landlord (the Letter of Credit and all proceeds thereof, and all other sums paid to Landlord in substitution of the foregoing, being referred to as the “Security Deposit”). Landlord hereby approves either JPMorgan Chase Bank N.A. or Silicon Valley Bank as an acceptable issuer of the Letter of Credit, so long as there is no material negative change in such issuer’s credit rating or ability to meet its obligations. If the issuing bank does not provide for local draws on the Letter of Credit, the Letter of Credit shall permit draws presented by telefacsimile (“fax”), with such fax presentation being considered the sole operative instrument of drawing, not contingent upon presentation of the original Letter of Credit or original documents with respect thereto. If Tenant defaults beyond applicable notice and cure periods with respect to any provisions of this Lease, including but not limited to (i) the provisions relating to payment of Base Monthly Rent or other charges in default, or any other amount which Landlord may spend or become obligated to spend by reason of Tenant’s default, or (ii) breach of any of Tenant’s obligations under this Section 5, Landlord shall be entitled to draw the full amount of the Letter of Credit at any time by certifying the occurrence of such default to the issuer; thereafter, the Security Deposit shall be in the form of cash held by Landlord. Tenant’s failure to timely comply with its obligations under this Section 5 shall constitute a material default of Tenant, for which no notice or opportunity to cure shall apply or be required before Landlord is entitled to draw the full amount of the Letter of Credit. The Security Deposit shall be held by Landlord as security for the faithful performance by Tenant of every term, covenant and condition of this Lease applicable to Tenant, and not as prepayment of rent. Landlord may, but shall not be obligated to, and without waiving or releasing Tenant from any obligation under this Lease, use, apply or retain the whole or any part of the Security Deposit reas...
Amount and Purpose. In reliance on Borrower's representations and warranties, and subject to the terms and conditions in this Agreement and in the Loan Documents, Lender agrees to make the Loan to Borrower on the terms and conditions set forth in the Note, this Agreement and the other Loan Documents.
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Amount and Purpose. 4.1 KfW grants the Bank a refinancing loan ("Refinancing Loan") in an amount equal to the loan amount as stated in Section 2.2.4. The funds utilised under the Refinancing Loan serve to refinance the Bank's Loan Agreement as stated in Section 2.2, which the Bank concluded with the borrower and for which a guarantee is issued under the CIRR for Ships Programme. Model Refinancing Agreement CIRR for Ship Financing dated 14.08.2008
Amount and Purpose. (a) Subject to the terms and conditions of this Agreement, the Banks have agreed to make available:
Amount and Purpose. This Agreement sets out the terms and conditions upon and subject to which the Lender agrees to make available to the Borrower a loan of up to Dollars Thirty three million seven hundred fifty thousand one hundred seventy three ($33,750,173) by way of one (1) Advance, to be used for the purpose of financing part (approximately 98%) of the Purchase Price of the Vessel.
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