Amount and Terms of Commitment. The Bank agrees, on the terms and subject to the conditions set forth herein, to make a Loan to the Borrower in an aggregate principal amount equal to ELEVEN BILLION SEVEN HUNDRED MILLION JAPANESE YEN (¥11,700,000,000). The Loan shall be advanced in a single drawing on the Drawdown Date.
Amount and Terms of Commitment. Each Lender severally agrees, on the terms and subject to the conditions hereinafter set forth,
Amount and Terms of Commitment. Each Bank severally agrees, on the terms and subject to the conditions hereinafter set forth, (a) to make Loans to the Company from time to time on any Business Day during the period from the Closing Date to the Maturity Date for the purpose of (i) facilitating the Company's acquisition of improved real property (subject to the provisions of Section 7.13), (ii) financing the Company's operations, including development activities (subject to the provisions of Sections 7.16 and 7.17), and (iii) providing working capital to the Company, in an aggregate amount not to exceed such Bank's Pro Rata Share of the Availability, and (b) to fund drawings on any Letters of Credit that Bank of America issues for the Company's account from time to time, in an aggregate amount not to exceed at any time outstanding such Bank's Pro Rata Share of the amount of such drawing. On the date that Bank of America issues a Letter of Credit for the Company's account, each Bank shall be deemed to have unconditionally and irrevocably purchased from Bank of America a pro rata risk participation in the stated amount of such Letter of Credit, without recourse or warranty, in an amount equal to such Bank's Pro Rata Share of the stated amount of such Letter of Credit. Bank of America agrees to issue Letters of Credit for the Company's account on any Business Day during the period from the Closing Date to the date that is six (6) months prior to the Maturity Date, for any purpose directly related to the Company's continuing operations, in an aggregate amount not to exceed Ten Million Dollars ($10,000,000.00) at any time outstanding; provided, however, that no Letter of Credit shall have an expiry date later than the then- applicable Maturity Date. Notwithstanding any contrary provision of this Agreement, the aggregate principal amount of all outstanding Loans shall not at any time exceed the Borrowing Base, and the aggregate amount of outstanding but undrawn Letters of Credit shall be considered a portion of the principal amount outstanding on the Loans for purposes of determining (x) the amount of Availability remaining available for disbursement and (y) mandatory repayments under Section 2.7.2. Within the limits of the Availability, and subject to the other terms and conditions hereof, the Company may borrow under this Section 2.1 prior to the Maturity Date, repay pursuant to Section 2.7 and reborrow pursuant to this Section 2.1 prior to the Maturity Date. 2.2
Amount and Terms of Commitment. 18 Section 2.1 Letter of Credit Commitment ...........................................18 Section 2.2 Termination or Reduction of Commitments ...............................19 Section 2.3 Letter of Credit Procedures............................................19 Section 2.4 Risk Participations in Letters of Credit...............................19 Section 2.5 Reimbursement Obligations .............................................20 Section 2.6 Limitation on the Fronting Bank's Obligations .........................20 Section 2.7 Funding by Lenders to the Fronting Bank ...............................20 Section 2.8 Warranty...............................................................21 Section 2.9
Amount and Terms of Commitment. 7 Section 2.01. Commitment.............................................................................7 Section 2.02 Payment of the Loans: Loan Account.....................................................7 Section 2.03. Interest Rate and Payment Date........................................................11 Section 2.04. Computation of Interest and Fees......................................................12 Section 2.05. Payments..............................................................................12 Section 2.06. Cash Collateral Account Administration, Direction of Eligible Investments.............12 Section 2.07.
Amount and Terms of Commitment. The Bank agrees, on the terms and subject to the conditions set forth herein, to make Loans to the Borrower from time to time during the Commitment Period, the aggregate principal amount of which Loans at any time outstanding shall not to exceed the Commitment. Within such limits, and subject to the other terms and conditions hereof, any amounts repaid may be reborrowed.
Amount and Terms of Commitment. 26 2.1. Maximum Facility Amount.........................................26 2.2.
Amount and Terms of Commitment. Section 2.1. Revolving Credit Facility. 3 Section 2.2. Loan Requests. 3 Section 2.3. Determination of Discount and Rate Periods. 5 Section 2.4. Payment of Principal, Interest and Other Amounts. 8 Section 2.5. Breach of Representation or Warranty 8 Section 2.6. Mandatory and Optional Prepayments. 8 Section 2.7. Proceeds 9 Section 2.8. Pledged Accounts. 9 Section 2.9. Payments and Computations, Etc. 10 Section 2.10. Reports 11 Section 2.11. Sharing of Payments, Etc 11 Section 2.12. Right of Setoff 11 Section 2.13. Assignment by Lender to Bank Investors. 11 Section 2.14. Downgrade of Bank Investor. 12 Section 2.15. Non-Renewing Bank Investors. 14 Section 2.16. Commitment Renewal Request. 16 Section 2.17. Interest Rate Protection Agreements. 16
Amount and Terms of Commitment. The Bank agrees, on the terms and conditions set forth herein, to make loans to the Company from time to time on any Business Day during the period from the Closing Date to the Termination Date in an aggregate amount not to exceed at any time outstanding $30,000,000 (such amount as the same may be reduced under Section 2.5, the "Commitment"). Within the limits of the Commitment, and subject to the other terms and conditions hereof, the Company may borrow under this Section 2.1, prepay under Section 2.6 and reborrow under this Section 2.1.
Amount and Terms of Commitment. (a) Subject to the terms and conditions set forth in this Agreement, Lender agrees until the Maturity Date to make, Convert and Continue revolving loans (each such loan, a "Loan") as Borrower may from time to time request; ---- provided, however, that the Outstanding Obligations shall not exceed the -------- ------- Commitment at any time.. Subject to the foregoing and the other terms and conditions hereof, Borrower may borrow, Convert, Continue, prepay and reborrow Loans as set forth herein without premium or penalty.
