Availability of Credit Sample Clauses

Availability of Credit. The credit shall be available to the BENEFICIARY, conditioned to its effective transfer by the National Treasury, in parcels, after the fulfillment of the conditions for utilization referred to in Nineteenth Clause, as follows: I- 50% (fifty percent) until 60 (sixty) days from the publishing of Medida Provisoria No. 127, of August 4, 2003; II- 30% (thirty percent) in 180 days from the date stated in First Clause; and
Sample 1
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Availability of Credit. Each Borrower recognizes that credit available to it hereunder is in excess of and on better terms than it otherwise could obtain on and for its own account and that one of the reasons therefor is its joining in the applicable credit facility contemplated herein with all other Borrowers. Consequently, subject to the terms and conditions of this Agreement, each Borrower hereby assumes, guarantees payment and performance of, and agrees to discharge all Obligations of each of the other Borrowers; provided that, notwithstanding anything herein or in any of the other Loan Documents to the contrary, (i) the Canadian Loan Parties shall be liable only for the Canadian Liabilities and, to the extent permitted by applicable Requirement of Law, the German Liabilities and the UK Liabilities, (ii) the German Loan Parties shall be liable only for the German Liabilities and, to the extent permitted by applicable Requirement of Law, the Canadian Liabilities and the UK Liabilities, and (iii) the UK Loan Parties shall be liable only for the UK Liabilities and, to the extent permitted by applicable Requirement of Law, the German Liabilities and the Canadian Liabilities.
Sample 1
Availability of Credit. Except to the extent that Master Lessor elects to perform the obligations of the [Immediately Superior Tier Sublessee] under the Recognized Sublease pursuant to Section 5(b) below, Recognized Sublessee, as its sole remedy shall be entitled to a credit against rent and other sums payable to Master Lessor pursuant to Section 4 above (but subject to the terms and conditions of this Section 5) in an amount equal to all reasonable, out-of-pocket costs and expenses incurred and paid by Recognized Sublessee in performing, or obtaining the performance by others, of all obligations under the Recognized Sublease that Master Lessor did not elect to perform or did not perform, including, without limitation any obligations which Master Lessor is excused from performing by reason of the provisions of Section 2 above and does not timely perform. If Recognized Sublessee is entitled to such a credit, Recognized Sublessee shall claim such credit by written notice to Master Lessor accompanied by evidence reasonably satisfactory to Master Lessor of the amounts incurred and paid by Recognized Sublessee for such purposes. The foregoing notwithstanding, the maximum amount of any credit in respect of any installment of rent under the Recognized Sublease shall be seventy-five percent (75%) of the amount of rent then being paid, such that Master Lessor shall receive not less than twenty-five percent (25%) of the amount (before application of the credit) of rent then to be paid. If and to the extent that any credit to which Recognized Sublessee is due pursuant to this Section 5(a) is not applied to a particular installment of rent due to the limitation on the maximum amount of the credit which can be applied to such installment, the amount of the credit which is not so applied shall be deferred and, subject to the provisions of Section 3(c) above and Section 11 below, shall be applied against the next installment or installments of rent until so applied. The foregoing notwithstanding, Recognized Sublessee shall not be entitled to a credit against either: (i) any reimbursement due under the Recognized Sublease for any component of the “UDA Services” or for “Demand Services” (as those terms are defined in the Master Lease); or (ii) the portion of the then current “UDA Services Amount” allocable on a per square foot of gross building area basis to the Recognized Sublet Premises.
Sample 1
Availability of Credit. The credit shall be made available to BENEFICIARY in installments once the conditions precedent for its use referred to in Clause Fifteen have been fulfilled based on the need for implementing the financed project and observing the financial schedule of BNDES, which is subject to definition of funds for applications by the Brazilian Monetary Council (CMN).
Sample 1
Availability of Credit 
Sample 1

Related to Availability of Credit

  • Termination of Credit Facility The Credit Facility shall terminate on the earliest of (a) the third anniversary of the Closing Date (the "Maturity Date"), (b) the date of termination by the Borrower pursuant to Section 2.5(a) and (c) the date of termination by the Administrative Agent on behalf of the Lenders pursuant to Section 10.2(a).

  • Revolving Line of Credit (a) On the Closing Date, Lender agrees to open a Revolving Line of Credit in favor of Borrower in the maximum aggregate principal amount of Ten Million Dollars ($10,000,000), reducing to Five Million Dollars ($5,000,000), effective on December 31, 1997. Subject to the fulfillment of the conditions precedent set forth in Sections 13.1 and 13.3 hereof, during the period commencing on the Closing Date and ending on the earliest to occur of (i) the Termination Date and (ii) the date of -------- termination of the Revolving Line of Credit pursuant to Section 2.6 or Section 11 below, Borrower may borrow and repay and reborrow up to a maximum aggregate principal amount of the Revolving Line of Credit; provided, however, that (A) ----------------- each Revolving Advance must be in the amount of One Hundred Thousand Dollars ($100,000) or an integral multiple thereof, (B) Revolving Advances will be made by Lender to Borrower only on the first and the fifteenth of each calendar month (or, in each instance, the next succeeding Business Day, as the case may be), (C) any Revolving Advances constituting LIBOR Rate Borrowings must be obtained and paid in accordance with Section 2.4 below, and (D) repayments of Revolving Advances shall be made in accordance with Section 2.6(a) below; and, provided, --------- further, that at no time shall the aggregate principal amount outstanding under ------- the Revolving Line of Credit exceed the Margin (such requirement being referred to herein as the "MARGIN REQUIREMENT"). If at any time hereafter the Margin ------------------ Requirement is not satisfied, Borrower agrees to repay immediately the then principal balance of the Revolving Note by that amount necessary to satisfy the Margin Requirement.

  • Undrawn Availability After giving effect to the initial Advances hereunder, Borrowers shall have Undrawn Availability of at least $10,000,000;

  • Application of credit balances Each Creditor Party may without prior notice:

  • Extension of Credit For the purposes hereof, each drawdown, rollover and conversion shall be deemed to be an extension of credit to the Borrower hereunder.

  • Amount of Credit Any reference herein to the amount of credit outstanding shall mean, at any particular time:

  • Funding Availability This Contract is at all times subject to state appropriations. The Department makes no express or implied representation or guarantee of continued or future funding under this Contract. The Department has, as of the date of the execution of this Contract, obtained all requisite approvals and authority to enter into and perform its obligations under this Contract, including, without limitation, the obligation to make the initial payment or payments required to be made under this Contract on the date or dates upon which such initial payment or payments may otherwise be disbursed during the current contract period, (i.e., Sept ember 1, 2015, through August 31, 2017). The Grantee acknowledges the Department’s authority to make such payments is contingent upon the Texas Legislature's appropriation to the Department of sufficient funds and the availability of funds to the Department for such purpose. If the State of Texas or the federal government terminates its appropriation through the Department or fails to pay the full amount of the allocation for the operation of any grant or reimbursement program hereunder , or the funds are otherwise unavailable, the Department may immediately and without penalty reduce payments or terminate this Contract, in whole or in part. Upon termination of the Contract or reduction of payments, the Grantee shall return to the Department any unexpended funds already disbursed to the Grantee. Neither the Department nor the State of Texas shall incur liability for damages or any loss that may be caused or associated with such termination or reduction of payments. The Department shall not be required to give prior notice for termination or reduction of payments.

  • Commitments and Credit Extensions 2.01 Revolving and Term Loans

  • Letter of Credit Accommodations (a) Subject to and upon the terms and conditions contained herein, at the request of Borrower, Lender agrees to provide or arrange for Letter of Credit Accommodations for the account of Borrower containing terms and conditions acceptable to Lender and the issuer thereof. Any payments made by Lender to any issuer thereof and/or related parties in connection with the Letter of Credit Accommodations shall constitute additional Revolving Loans to Borrower pursuant to this Section 2.

  • The Commitments and Credit Extensions 2.01 The Loans.

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