Commitments Borrowing Procedures and Notes Sample Clauses
The 'Commitments, Borrowing Procedures and Notes' clause defines the lender's obligation to provide funds up to a specified limit and outlines the process by which the borrower can request and receive loans under the agreement. It typically details the steps for submitting borrowing requests, the timing and conditions for disbursement, and the documentation (such as promissory notes) that evidences each loan. This clause ensures both parties understand the mechanics of drawing funds and formalizes the borrower's access to credit, thereby reducing uncertainty and streamlining the lending process.
Commitments Borrowing Procedures and Notes. The Advances and Letters of Credit 16
Commitments Borrowing Procedures and Notes. 21 2.1. Commitments..........................................21 2.2.
Commitments Borrowing Procedures and Notes. The Advances and Letters of Credit 18 SECTION 2.2. Making the Advances 19
Commitments Borrowing Procedures and Notes. 2.1. Loans and Commitments............................................ 2.1.1.
Commitments Borrowing Procedures and Notes. 17 2.1. Commitments................................................. 17 2.1.1. Revolving Loan Commitment................................... 18 2.1.2. Term Loan Commitment........................................ 18 2.1.3. Commitment to Issue Revolving Loan Letters of Credit.....
Commitments Borrowing Procedures and Notes. Section 2.1. The Advances 2325 Section 2.2. Making the Advances 2425 Section 2.3. [Intentionally omitted] 2627 Section 2.4. [Intentionally omitted] 2627 Section 2.5. [Intentionally omitted] 2627 Section 2.6. Repayment of Advances 2627 Section 2.7. Interest on Advances 2627 Section 2.8. Interest Rate Determination 2728 Section 2.9. Optional Conversion of Advances 2728 Section 2.10. Optional Prepayments of Advances 2728 Section 2.11. Payments and Computations 28
Commitments Borrowing Procedures and Notes. SECTION 2.1 Commitments SECTION 2.1.1 Revolving Loan Commitment
Commitments Borrowing Procedures and Notes. The Advances and Letters of Credit 17 SECTION 2.2. Making the Advances 18 SECTION 2.3. Issuance of and Drawings and Reimbursement Under Letters of Credit 20 SECTION 2.4. Fees 22 SECTION 2.5. Termination or Reduction of the Commitments 22 SECTION 2.6. Repayment of Advances and Letter of Credit Drawings 23 SECTION 2.7. Interest on Advances 24 SECTION 2.8. Interest Rate Determination 25 SECTION 2.9. Optional Conversion of Revolving Credit Advances 25 SECTION 2.10. Prepayments of Advances 25 SECTION 2.11. Payments and Computations 26 SECTION 2.12. Sharing of Payments, Etc. 28 SECTION 2.13. Evidence of Debt 28 SECTION 2.14. Increase in Aggregate Commitments 29 SECTION 2.15. Defaulting Lenders 29 SECTION 2.16. Extension of Commitments 32
Commitments Borrowing Procedures and Notes. Section 2.1. Commitments..............................................................................
Commitments Borrowing Procedures and Notes. 2 SECTION 2.1. Commitments.......................................... 2 SECTION 2.2. Borrowing Procedures................................. 2 SECTION 2.3. Continuation and Conversion Elections................ 2 SECTION 2.4. Funding.............................................. 3 SECTION 2.5. Register; Notes...................................... 3 ARTICLE III