AR Loan Advances Payment Structure Sample Clauses

AR Loan Advances Payment Structure. (a)Control of Operator’s deposit accounts. Operator, FHA Lender and AR Lender agree and certify to the existence of deposit account control agreements or like agreements relating to Operator’s deposit accounts: [Describe deal-specific arrangement as to who has primary control of Operator’s deposit accounts.]
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AR Loan Advances Payment Structure. Control of Operator’s deposit accounts. Operator, FHA Lender and AR Lender agree and certify to the existence of lockbox agreements, deposit account control agreements or like agreements with depository banks relating to Operator’s deposit accounts. : [Describe deal-specific arrangement as to who has primary control of Operator’s deposit accounts.] AR Lender funds AR Loan Advances. Operator, FHA Lender and AR Lender agree that AR Lender shall, onno later than the [eighth (8th)] day of each calendar month (provided that if such day is not a Business Day then on the immediately preceding Business Day)), [upon AR Lender’s receipt of a request for an AR Loan Advance from Operator] and [upon the satisfaction of all applicable requirements, conditions, and provision set forth in the AR Loan Documents] AR Lender shall disburse, [by wire transfer of immediately available funds asor by direct deposit] an AR Loan Advance (to the extent of available funds) ). Such AR Loan Advance shall be made [to the account of FHA Lender designated in writing by FHA Lender to AR Lender, an amount equal to the sum of (i) the aggregate base rent payable under the Owner-Operator Agreement for such month, (ii) taxes and insurance due and owing under the Owner-Operator Agreement for such month, and (iii) deposits to escrows and/or reserves required under the Owner-Operator Agreement (collectively, “Current Impositions”) as designated in writing to AR Lender by [FHA Lender. ] OR [Operator]. . AR Xxxxxx agrees that it shall make such disbursement in accordance with the provisions of the foregoing sentencesubsection unless (ai) there is not sufficient availability under and in accordance with the AR Loan Documents, or (bii) a default or event of default shall exist or be continuing under the AR Loan Agreement. AR Lender’s obligation to make each such AR Loan Advance is subject to the satisfaction of all conditions precedent thereto as set forth in the AR Loan Documents. After payment of the Current Impositions and subject to applicable restrictions in the AR Loan Documents, any remaining AR Loan Advances may be made as directed by Operator. FHA Xxxxxx agrees to apply amounts so
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AR Loan Advances Payment Structure. 686 687 (a) C ontrol of Operator’s Deposit Accounts. Operator, FHA Lender and AR 688 Lender agree and certify to the existence of deposit account control agreements or like 689 agreements relating to Operator’s deposit accounts: [Describe deal-specific arrangement as to 690 who has primary control of Operator’s deposit accounts.] 691 (b) AR Lender funds AR Loan Advances. Operator, FHA Lender and AR 692 Lender agree that no later than the [eighth (8th)] day of each calendar month (provided that if 693 such day is not a Business Day then on the immediately preceding Business Day), [upon written 694 request from Operator in accordance with the AR Loan Agreement, AR Lender shall disburse [, 695 by wire transfer of immediately available funds as an Advance (to the extent of [Availability]) to 696 [the account of FHA Lender designated in writing by Operator to AR Lender] [a payment 697 account designated in writing by Operator and from which FHA Lender will either receive an 698 automatic wire or access via the automated clearinghouse system], an amount equal to the 699 Current Impositions, as defined below, as designated in writing to AR Lender by FHA Lender, 700 provided, however, that any Advance made pursuant to this subsection (b) shall be subject to the 701 restrictions set forth in subsection (d) below.
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AR Loan Advances Payment Structure 
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Related to AR Loan Advances Payment Structure

  • Term Loan The Borrower may, upon notice from the Borrower to the Administrative Agent, at any time or from time to time voluntarily prepay the Term Loan in whole or in part together with the applicable Prepayment Premium; provided that (A) such notice must be received by the Administrative Agent not later than 11:00 a.m. (1) three Business Days prior to any date of prepayment of LIBOR Rate Loans and (2) on the date of prepayment of Base Rate Loans; (B) any such prepayment of LIBOR Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); (C) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); and (D) any prepayment of the Term Loan shall be applied in the inverse order of maturity with respect to the remaining amortization payments. Each such notice shall specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a LIBOR Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. On the date of any voluntary prepayment of any Term Loan pursuant to this Section 2.05(a)(ii), the Borrower shall pay to the Administrative Agent, for the benefit of the Lenders, whether before or after an Event of Default, the applicable Prepayment Premium. Subject to Section 2.15, each such prepayment shall be applied to the Loans of the Lenders in accordance with their respective Applicable Percentages.

  • Loans The Sponsor has agreed to make loans to the Company in the aggregate amount of up to $300,000 (the “Insider Loans”) pursuant to a promissory note substantially in the form annexed as an exhibit to the Registration Statement. The Insider Loans do not bear any interest and are repayable by the Company on the earlier of December 31, 2021 or the consummation of the Offering.

  • Advance Payments Payments made by the Borrower to satisfy future installments must be accounted for as prepaid installments of principal and interest. The Servicer should contact the Borrower if there is a question about the Borrower's intention in making any unscheduled payment.

  • Refinancing Preparation Advance; Capitalizing Front-end Fee and Interest (a) If the Loan Agreement provides for the repayment out of the proceeds of the Loan of an advance made by the Bank or the Association (“Preparation Advance”), the Bank shall, on behalf of such Loan Party, withdraw from the Loan Account on or after the Effective Date the amount required to repay the withdrawn and outstanding balance of the advance as at the date of such withdrawal from the Loan Account and to pay all accrued and unpaid charges, if any, on the advance as at such date. The Bank shall pay the amount so withdrawn to itself or the Association, as the case may be, and shall cancel the remaining unwithdrawn amount of the advance.”

  • Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Loans outstanding on such date.

  • Commitment Charge; Credit; Maturity Premium (a) The Borrower shall pay a commitment charge on the unwithdrawn amount of the Loan at the rate and on the terms specified in the Loan Agreement.

  • Loan Amount 5. ACCOUNT NAME(S) .............................................................................................................................................................................. BANK NAME / BRANCH ...................................................................................................................................................................

  • Advance Payment The right to indemnification conferred in this Article VII shall include the right to be paid or reimbursed by the Company the reasonable expenses incurred by a Person of the type entitled to be indemnified under Section 7.3 who was, is or is threatened to be made a named defendant or respondent in a Proceeding in advance of the final disposition of the Proceeding and without any determination as to the Person’s ultimate entitlement to indemnification; provided, however, that the payment of such expenses incurred by any such Person in advance of the final disposition of a Proceeding shall be made only upon delivery to the Company of a written affirmation by such Person of his or her good faith belief that he has met the standard of conduct necessary for indemnification under Article VII and a written undertaking, by or on behalf of such Person, to repay all amounts so advanced if it shall ultimately be determined that such indemnified Person is not entitled to be indemnified under this Article VII or otherwise.

  • Repayment of the Loan The Borrower agrees to repay the EMIs/Monthly Instalments and the other Outstanding Dues to BHFL on or before the respective Due Dates by any of the repayment modes as set out in the Loan Agreement or the Top-Up Loan Addendum, or in such manner and at such place, as may be agreed between the Borrower and BHFL. • BHFL may, at the request of the Borrower in writing, agree to change the repayment mode. BHFL may, at any time, in its discretion revise the repayment schedule in its sole and absolute discretion and notify the Borrower in advance accordingly. • The EMI/Monthly Instalment amount shall be arrived at so as to comprise the repayment of the Loan Amount and payment of Interest calculated on the basis of the Interest Rate within the Loan Tenure. The Borrower agrees to continue paying EMIs/Monthly Instalments until all Outstanding Dues under the Loan have been repaid in full to BHFL.

  • Credit, Payment and Collection You will receive a single monthly bill for both your natural gas and the delivery of such natural gas from your utility distribution company. Payment is due by the date set forth on the invoice. Should you fail to pay the monthly bill or fail to meet any agreed upon payment arrangement, your service may be terminated in accordance with your local utility’s tariffs and your contract with XOOM may be automatically terminated, leading to XOOM seeking cost recovery fees as set out herein. You represent that you are financially able and willing to fulfill the terms and conditions of this Agreement and that you have not filed, are not in the process of filing or plan to begin any bankruptcy proceedings. If accepted as a customer, XOOM may report your payment experience. Bills not paid by their due date are subject to a late payment fee at the greater of the rate of 1.5%, or the maximum permitted by law, based on your total outstanding balance per month. XOOM will charge a $35 return check fee for all returned checks or the maximum allowed by law. XOOM may terminate your commodity service and may suspend services under procedures approved by law. In all events, you shall remain obligated to pay for all natural gas received by you and any interest, fees and penalties incurred by XOOM. You will also be responsible for all costs, including legal fees, associated with the collection of amounts owed to XOOM.

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