Facility Commitments. (i) On the Funding Date requested by Borrower, after Borrower shall have satisfied all applicable conditions precedent set forth in Section 3, each Lender shall advance immediately available funds to Agent (each such advance being an "Advance") evidencing such Lender's Pro Rata Share of a loan ("Loan"). Agent shall immediately advance such immediately available funds to Borrower at the Designated Deposit Account (or such other deposit account at FUNB or such other financial institution as to which Borrower and Agent shall agree at least three (3) Business Days prior to the requested Funding Date) on the Funding Date with respect to such Loan. Borrower shall pay interest accrued on the Loan at the rates and in the manner set forth in Section 2.1.1(b). Subject to the terms and conditions of this Agreement, the unpaid principal amount of each Loan and all unpaid interest accrued thereon, together with all other fees, expenses, costs and other sums chargeable to Borrower incurred in connection therewith shall be due and payable no later than the Commitment Termination Date. Each Loan advanced hereunder by each Lender shall be evidenced by Borrower's revolving promissory note, substantially in the form of Exhibit A (each, a "Note").
Facility Commitments. On the Closing Date, subject to the terms and conditions of this Agreement and the other Financing Documents:
Facility Commitments. (a) The Owner agrees that the City is not responsible for the construction or creation of public facilities or capacity in order to facilitate the development of the Subject Property.
Facility Commitments. (a). Unless otherwise described elsewhere in this Development Agreement, the Developer agrees that the City is not responsible for the construction or creation of public facilities or capacity to facilitate the development of the Subject Property. No site plan development orders or residential preliminary plats shall be issued for the Subject Property unless adequate capacity of concurrency monitored facilities is available concurrent with the impact on said facilities by the development. Once Developer complies with concurrency requirements, Developer may develop in accordance with approved plans.
Facility Commitments. Evidence of the Borrowers having obtained B Facility Commitments (or other Substitute Financing) in an aggregate principal amount of not less than £600 million.
Facility Commitments. Section 2.1.1(a)(i) of the Credit Agreement is deleted and replaced with the following:
Facility Commitments. 19 (b) Each Loan...................20 2.1.2 Funding............................21 2.1.3 Utilization Of The Loans...........21 2.2
Facility Commitments. (a). No building permits or development permits shall be issued for the Subject Property unless adequate capacity of concurrency monitored facilities is available for the development for which such building permit or development is to be issued concurrent with the impact on said facilities by the development as provided for in the LDC and the Comprehensive Plan. In addition and consistent with the DRI/DO, the Owner shall be required to meet the level of service standards in the City’s Comprehensive Plan and the requirements in the City’s concurrency management system as provided for in the DRI/DO. Notwithstanding the foregoing, however, mitigation for transportation impacts is being implemented through “pipelining” provisions set forth in Section 163.3180(12), Florida Statutes (2010). School concurrency requirements will be satisfied pursuant to Section 163.3180(13), Florida Statutes (2010), under the terms of the City of Palm Coast Public School Concurrency Proportionate Share Mitigation Development Agreement between the City, Neoga and the School District of Flagler County, Florida, acting through its School Board recorded at Official Records Book 1790, page 501 of the Public Records of Flagler County, Florida (the “Proportionate Share Agreement”).
Facility Commitments. (i) On the Funding Date requested by Borrower, after Borrower shall have satisfied all applicable conditions precedent set forth in Section 3, each Lender shall advance immediately available funds to Agent (each such advance being an "Advance") evidencing such Lender's Pro Rata Share of a loan ("Loan"). Agent shall immediately advance such immediately available funds to Borrower at the Designated Deposit Account (or such other deposit account at FUNB or such other financial institution as to which Borrower and Agent shall agree at least three (3) Business Days prior to the requested Funding Date) on the Funding Date with respect to such Loan. Borrower shall pay interest accrued on the Loan at the rates and in the manner set forth in Section 2.1.1(b). Subject to the terms and conditions of this Agreement, the unpaid principal amount of each Loan and all unpaid interest accrued thereon, together with all other fees, expenses, costs and other sums chargeable to Borrower incurred in connection therewith shall be due and payable no later than the Maturity Date of such Loan.
Facility Commitments. 18 2.1.2 ...................................Funding 20 2.1.3 ..................Utilization of the Loans 20 2.2 ...........................Repayment and Prepayment 20 2.2.1 .................................Repayment 20 2.2.2 ......................Voluntary Prepayment 20
