Amount of Each Advance Sample Clauses

Amount of Each Advance. (a) The proceeds of the Building Loan and Project Loan shall, assuming satisfaction of all applicable conditions precedent, be advanced (x) in accordance with the Cost Allocation Methodology (subject to Section 3.20 hereof) and (y) in amounts which shall be equal to the aggregate of the Building Loan Costs and Project Loan Costs incurred by Borrower with respect to each of the FC Units and the NYTC Units (measured individually) and already paid, or due and payable through the end of the period covered by the Draw Request in question, on the basis of the documented cost of Stored Materials and of the work and items in place or completed, less the following amounts with respect to each of the FC Units and the NYTC Units, measured individually (without duplication): (i) the aggregate amount of any Advances previously made hereunder and under the Building Loan Agreement by Lenders with respect to such Units, measured individually, allocable to such Units as of the date of the applicable Building Loan Advance and Project Loan advance); (ii) any Building Loan Costs and Project Loan Costs with respect to such Units covered by such Draw Request that are not approved by Agent; and (iii) the Initial Required Equity Funds, and all other amounts contributed, directly or indirectly, by Borrower or any Borrower Entity (whether pursuant to a Completion Deposit that has not been released pursuant to Section 3.06 below or otherwise) for Building Loan Costs and Project Loan Costs with respect to such Units, but only to the extent theretofore advanced and used to pay Building Loan Costs or Project Loan Costs or expected to be advanced and so used prior to or simultaneously with the Advance in question.
Sample 1
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Amount of Each Advance. No advance under the Floor Plan Facility made to finance a New Vehicle shall exceed one hundred percent (100%) of dealer cost.
Sample 1
Amount of Each Advance. No advance under the Floor Plan Facility made to finance a Used Vehicle shall exceed the lesser of (A) dealer cost or (B) $1,000 in excess of the then-current Black Book “clean” wholesale value on the Used Vehicle; provided that, if the Used Vehicle is purchased at an auction using an auction house approved by the Administrative Agent in its reasonable discretion, then the amount of the advance shall not exceed the purchase price for the Used Vehicle.
Sample 1
Amount of Each Advance. No advance hereunder for a Loaner Vehicle that is a New Vehicle shall exceed one hundred percent (100%) of dealer cost. No advance hereunder for a Loaner Vehicle that is a Used Vehicle shall exceed the lesser of (A) dealer cost or (B) $1,000 in excess of the then-current Black Book “clean” wholesale value on the Loaner Vehicle; provided that, if the Loaner Vehicle is purchased at an auction using an auction house approved by the Administrative Agent in its reasonable discretion, then the amount of the advance shall not exceed the purchase price for the Loaner Vehicle.
Sample 1
Amount of Each Advance. The principal amount of an Advance under the Cash Advance Facility must be at least:
Sample 1
Amount of Each Advance. Each Eurodollar Rate Advance shall be in a principal amount of $5,000,000 or a higher integral multiple of $500,000, and each Floating Rate Advance shall be in a principal amount of $3,000,000 or a higher integral multiple of $500,000; PROVIDED that any Floating Rate Advance made on any date may be in the amount by which the Total Commitment Amount on such date EXCEEDS the Total Outstandings on such date; and PROVIDED, FURTHER, that the principal amount of any Floating Rate Advance made to repay Swing Loans in accordance with SECTION 2.07(C)(I) may be in the principal amount required to repay such Swing Loans.
Sample 1

Related to Amount of Each Advance

  • Minimum Amount of Each Advance Each Eurodollar Advance shall be in the minimum amount of $5,000,000 and in multiples of $1,000,000 if in excess thereof. Floating Rate Advances may be in any amount.

  • Minimum Amount of Each Borrowing The aggregate principal amount of each Borrowing of Loans shall not be less than the Minimum Borrowing Amount. More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than 15 Borrowings of Euro Rate Loans.

  • Each Advance The Lenders shall not be required to make any Advance unless on the applicable Borrowing Date:

  • Minimum Amount of Each Borrowing; Maximum Number of Borrowings The aggregate principal amount of each Borrowing of Loans shall be in a multiple of $100,000 and shall not be less than the Minimum Borrowing Amount. More than one Borrowing may occur on any date; provided that at no time shall there be outstanding more than four (4) Borrowings of LIBOR Loans under this Agreement.

  • Amount of Borrowing Tranche Each Borrowing Tranche of Loans under the LIBOR Rate Option shall be in integral multiples of $500,000 and not less than $1,000,000; and

  • Amount of Swing Line Loans Upon the satisfaction of the conditions precedent set forth in Section 4.2 and, if such Swing Line Loan is to be made on the date of the initial Credit Extension hereunder, the satisfaction of the conditions precedent set forth in Section 4.1 as well, from and including the Restatement Effective Date and prior to the Facility Termination Date, the Swing Line Lender agrees, on the terms and conditions set forth in this Agreement, to make Swing Line Loans in Dollars to the Borrower from time to time in an aggregate principal amount not to exceed the Swing Line Commitment, provided that (i) the Aggregate Outstanding Credit Exposure shall not at any time exceed the Aggregate Commitment and (ii) at no time shall the sum of (a) the Swing Line Loans then outstanding, plus (b) the outstanding Revolving Loans made by the Swing Line Lender pursuant to Section 2.1 (including its participation in any Facility LCs), exceed the Swing Line Lender’s Commitment at such time. Subject to the terms of this Agreement, the Borrower may borrow, repay and reborrow Swing Line Loans at any time prior to the Facility Termination Date.

  • Loan Advances During the Revolving Period, the Borrower may, at its option, request the Revolving Lenders to make advances of funds (each, a “Loan Advance”) by delivering a Funding Notice with respect to such Loan Advance to the Administrative Agent, which shall provide notification to the Revolving Lenders with respect thereto, in an aggregate amount up to the Availability as of the proposed Funding Date of the Loan Advance; provided, however, that no Revolving Lender shall be obligated to make any Loan Advance on or after the date that is two (2) Business Days prior to the earlier to occur of the applicable Revolving Period End Date or the Termination Date. Following the receipt of a Funding Notice during the Revolving Period, subject to the terms and conditions hereinafter set forth, the Revolving Lenders shall fund such Loan Advance.

  • Conditions to Each Advance The agreement of Lenders to make any Advance requested to be made on any date (including the initial Advance), is subject to the satisfaction of the following conditions precedent as of the date such Advance is made:

  • Maximum Advances In the case of any type of Advance requested to be made, after giving effect thereto, the aggregate amount of such type of Advance shall not exceed the maximum amount of such type of Advance permitted under this Agreement. Each request for an Advance by any Borrower hereunder shall constitute a representation and warranty by each Borrower as of the date of such Advance that the conditions contained in this subsection shall have been satisfied.

  • 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:

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