Confirmation of Advance and Terms of Advance Sample Clauses

Confirmation of Advance and Terms of Advance. The Borrower hereby confirms the following terms of the Variable Advance, and confirms and agrees that it shall repay the Advance to the Lender in accordance with the terms of the Variable Advance Note and the Master Agreement: Advance Amount $_______________________ Term _______ months MBS Issue Date _________________, ______ MBS Imputed Interest Rate _______% Variable Advance Fee $_______________________ Coupon Rate _______% Discount _______% Price ________________________ Closing Date _______________, ________
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Confirmation of Advance and Terms of Advance. Borrower hereby confirms the following terms of the Variable Advance, and confirms and agrees that it shall repay the Variable Advance to Lender in accordance with the terms of the Variable Facility Note and the Master Agreement: Master Credit Facility Agreement Camden 2008 Advance Amount $ Term months MBS Issue Date , MBS Imputed Interest Rate % Variable Facility Fee $ Coupon Rate % Discount % Price $ Closing Date ,
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Confirmation of Advance and Terms of Advance. The Borrower hereby confirms the following terms of the Revolving Facility Advance, and confirms and agrees that it shall repay the Advance to the Lender in accordance with the terms of the Revolving Facility Note and the Master Agreement: Advance Amount $ Term days MBS Issue Date MBS Imputed Interest Rate % Revolving Facility Fee $ Coupon Rate % Discount % Price $ Closing Date
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Related to Confirmation of Advance and Terms of Advance

  • Purpose of Advances The Borrowers undertake with each Creditor Party to use each Advance only for the purpose stated in the preamble to this Agreement.

  • Use of Advances utilize the proceeds of all Advances for the Companies' own business purposes; and not permit such proceeds to be used, directly or indirectly, by any other Person or for any other purpose;

  • Disbursement of Advance Subject to the provisions of this Agreement, the Agent shall on each Drawdown Date pay to the Borrower the amounts which the Agent receives from the Lenders under Clause 4.5; and that payment to the Borrower shall be made:

  • Loans and Terms of Payment 2.1 [Reserved].

  • Repayment of Advances If the identity of the Servicer shall change, the predecessor Servicer shall be entitled to receive reimbursement for outstanding and unreimbursed Simple Interest Advances made pursuant to Section 4.4 by the predecessor Servicer.

  • Prepayment of Advances No Borrower shall have the right to prepay any principal amount of any Advances other than as provided in this Section 2.07.

  • Disbursement of Advances (a) Upon receiving any Request for Revolving Credit Advance from Borrower under Section 2.3 hereof, Agent shall promptly notify each Revolving Credit Lender by wire, telex or telephone (confirmed by wire, telecopy or telex) of the amount of such Advance being requested and the date such Revolving Credit Advance is to be made by each Revolving Credit Lender in an amount equal to its Revolving Credit Percentage of such Advance. Unless such Revolving Credit Lender’s commitment to make Revolving Credit Advances hereunder shall have been suspended or terminated in accordance with this Agreement, each such Revolving Credit Lender shall make available the amount of its Revolving Credit Percentage of each Revolving Credit Advance in immediately available funds to Agent, as follows:

  • Making of Advances (i) In the event that Agent shall elect to have the terms of this Section 2.3(c) apply to a requested Borrowing as described in Section 2.3(b), then promptly after receipt of a request for a Borrowing pursuant to Section 2.3(a), Agent shall notify the Lenders, not later than 1:00 p.m. (California time) on the Business Day immediately preceding the Funding Date applicable thereto, by telecopy, telephone, or other similar form of transmission, of the requested Borrowing. Each Lender shall make the amount of such Lender’s Pro Rata Share of the requested Borrowing available to Agent in immediately available funds, to Agent’s Account, not later than 10:00 a.m. (California time) on the Funding Date applicable thereto. After Agent’s receipt of the proceeds of such Advances, upon satisfaction of the applicable conditions precedent set forth in Section 3 hereof, Agent shall make the proceeds thereof available to Administrative Borrower on the applicable Funding Date by transferring immediately available funds equal to such proceeds received by Agent to Administrative Borrower’s Designated Account; provided, however, that, subject to the provisions of Section 2.3(i), Agent shall not request any Lender to make, and no Lender shall have the obligation to make, any Advance if Agent shall have actual knowledge that (1) one or more of the applicable conditions precedent set forth in Section 3 will not be satisfied on the requested Funding Date for the applicable Borrowing unless such condition has been waived, or (2) the requested Borrowing would exceed the Availability on such Funding Date.

  • Conditions of Advances Upon reasonable advance request from Borrower, Lender shall make advances to or as directed by Borrower, provided that each and all of the following conditions is satisfied:

  • Loan and Terms of Payment For value received, Borrower promises to pay to the order of Bank such amount, as provided for below, together with interest, as provided for below.

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