Liquidity Advances Sample Clauses

Liquidity Advances. Each Lender severally agrees, upon the terms and subject to the conditions of this Agreement, to make Liquidity Advances to the Borrower from time to time in an aggregate amount not to exceed its Liquidity Specified Percentage for the purposes set forth in Section 5.9 hereof. Subject to Section 2.9 hereof, Liquidity Advances may be repaid and then reborrowed. Notwithstanding any provision in any Loan Document to the contrary, in no event shall a Liquidity Advance be made unless a Revolving Credit Advance cannot be made due to the limitations set forth in Section 2.1(a), and in no event shall the principal amount of all outstanding Liquidity Advances exceed the Liquidity Commitment.
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Liquidity Advances. To the extent not otherwise required to be paid earlier as provided herein, the principal amount of the Liquidity Advances shall be due and payable on the Liquidity Commitment Maturity Date.
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Liquidity Advances. 2.5.1 If the Issuer is entitled to make a drawing under the Liquidity Facility Agreement and the Borrower is required to make any Relevant Payment to a Hedging Bank under the Hedging Documents (if any) on the Business Day before an Interest Payment Date which cannot be fully met from the retention (if any) in the Loan Payments Account which is required to be made pursuant to Clause 7.5.1 (Payment and Receipt of Hedging Amounts) in order to meet such payment, the Issuer will make a drawing under the Liquidity Facility Agreement on that Business Day in an amount at least equal to the shortfall (the "Shortfall") between the amount of that payment and the amount so retained in the Loan Payments Account.
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Liquidity Advances. All Collections and proceeds from Advances shall be paid by the Collateral Agent to the Company when and as received, but only on and after the first Business Day following the occurrence of all of the following:
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Liquidity Advances. 7 SECTION 3.2.2. Failure To Fund..................................................... 7 TABLE OF CONTENTS (continued)
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Liquidity Advances. No Liquidity Lender shall be required to make a Liquidity Advance to the extent that after giving effect to such Liquidity Advance (i) the aggregate principal amount of all Liquidity Advances (including any Swing Line Advances) Outstanding would exceed the Aggregate Liquidity Commitment or (ii) the aggregate principal amount of such Liquidity Lender's Liquidity Advances (including, in the case of the Swing Line Lender, any Swing Line Advances) Outstanding would exceed such Liquidity Lender's Liquidity Commitment.
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Liquidity Advances. From time to time upon request of IGF, SGL ------------------ may make short-term loans to IGF for liquidity purposes (the "Liquidity Advances"). If SGL elects to make Liquidity Advances, the parties shall agree on the maturity, interest rate and other terms and conditions thereof. The Liquidity Advances shall not affect the parties' rights and responsibilities hereunder with respect to the Slotsvegas site.
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Liquidity Advances. 1 SECTION 2.5. Note.............................................................................................1 SECTION 2.6. Repayments.......................................................................................1 SECTION 2.7. Interest.........................................................................................1 SECTION 2.8. Fees.............................................................................................1 SECTION 2.9. Time and Method of Payments......................................................................1 SECTION 2.10. Additional Costs; Capital Requirements..........................................................1 SECTION 2.11. Breakage Costs..................................................................................1 SECTION 2.12. Taxes...........................................................................................1 ARTICLE III
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Liquidity Advances. Prior to the occurrence of a Termination Event, the Lender shall cause any Base Rate Advance under and as defined in the Liquidity Agreement, the aggregate principal amount of which is at least $5,000,000, to be converted to a LIBO Rate Advance under and as defined in the Liquidity Agreement at the earliest available date for such conversion in accordance with the terms thereof but not later than one month following the date of such Base Rate Advance, unless a Eurodollar Disruption Event shall have occurred and be continuing.
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Related to Liquidity Advances

  • Term Advances The Borrower shall pay to the Administrative Agent for the ratable benefit of each Term Lender the aggregate outstanding principal amount of the Term Advances in quarterly installments each equal to $412,500 (which is equal to five percent (5%) of $8,250,000). Such quarterly installments shall be due and payable on each March 31st, June 30th, September 30th, and December 31st, commencing with December 31, 2012, and a final installment of the remaining, unpaid principal balance of the Term Advances payable on the Term Maturity Date.

  • LOANS, ADVANCES, INVESTMENTS Make any loans or advances to or investments in any person or entity, except any of the foregoing existing as of, and disclosed to Bank prior to, the date hereof.

  • Loan Advances During the Revolving Period, the Borrower may, at its option, request the Revolving Lenders to make advances of funds (each, a “Loan Advance”) by delivering a Funding Notice with respect to such Loan Advance to the Administrative Agent, which shall provide notification to the Revolving Lenders with respect thereto, in an aggregate amount up to the Availability as of the proposed Funding Date of the Loan Advance; provided, however, that no Revolving Lender shall be obligated to make any Loan Advance on or after the date that is two (2) Business Days prior to the earlier to occur of the applicable Revolving Period End Date or the Termination Date. Following the receipt of a Funding Notice during the Revolving Period, subject to the terms and conditions hereinafter set forth, the Revolving Lenders shall fund such Loan Advance.

  • Servicer Advances For each Settlement Period, if the Servicer determines that any Scheduled Payment (or portion thereof) that was due and payable pursuant to a Loan included in the Collateral during such Settlement Period was not received prior to the end of such Settlement Period, the Servicer may, but shall not be obligated to, make an advance in an amount up to the amount of such delinquent Scheduled Payment (or portion thereof) to the extent that the Servicer reasonably expects to be reimbursed for such advance; in addition, if on any day there are not sufficient funds on deposit in the Collection Account to pay accrued Interest on any Advance the Settlement Period of which ends on such day, the Servicer may make an advance in the amount necessary to pay such Interest (in either case, any such advance, a “Servicer Advance”). Notwithstanding the preceding sentence, any Successor Servicer will not be obligated to make any Servicer Advances. The Servicer will deposit any Servicer Advances into the Collection Account on or prior to 11:00 a.m. (New York City time) on the related Payment Date, in immediately available funds.

  • Refinancing Preparation Advance If the Financing Agreement provides for the repayment out of the proceeds of the Financing of an advance made by the Association or the Bank (“Preparation Advance”), the Association shall, on behalf of the Recipient, withdraw from the Financing 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 Financing Account and to pay all accrued and unpaid charges, if any, on the advance as at such date. The Association shall pay the amount so withdrawn to itself or the Bank, as the case may be, and shall cancel the remaining unwithdrawn amount of the advance.”

  • Loans, Advances, Investments, Etc Make or commit or agree to make, or permit any of its Subsidiaries make or commit or agree to make, any Investment in any other Person except for Permitted Investments.

  • 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.

  • Revolving Advances Subject to the terms and conditions set forth in this Agreement, each Lender, severally and not jointly, will make Revolving Advances to Borrower in aggregate amounts outstanding at any time equal to such Lender's Commitment Percentage of the lesser of (x) the Maximum Revolving Advance Amount less the aggregate amount of outstanding Letters of Credit or (y) an amount equal to the sum of:

  • Nonrecoverable Advances Any advance previously made by a Servicer pursuant to its Selling and Servicing Contract with respect to a Mortgage Loan or by the Master Servicer that the Master Servicer shall determine in its good faith judgment not to be ultimately recoverable from Insurance Proceeds or Liquidation Proceeds or otherwise with respect to such Mortgage Loan or recoverable as late Monthly Payments with respect to such Mortgage Loan shall be a Nonrecoverable Advance. The determination by the Master Servicer that it or the applicable Servicer has made a Nonrecoverable Advance or that any advance would constitute a Nonrecoverable Advance, shall be evidenced by an Officer's Certificate of the Master Servicer delivered to the Trustee on the Determination Date and detailing the reasons for such determination. Notwithstanding any other provision of this Agreement, any insurance policy relating to the Mortgage Loans, or any other agreement relating to the Mortgage Loans to which the Company or the Master Servicer is a party, (a) the Master Servicer and each Servicer shall not be obligated to, and shall not, make any advance that, after reasonable inquiry and in its sole discretion, the Master Servicer or such Servicer shall determine would be a Nonrecoverable Advance, and (b) the Master Servicer and each Servicer shall be entitled to reimbursement for any advance as provided in Section 3.05(a)(i), (ii) and (iv) of this Agreement.

  • P&I Advances (a) On or before 4:00 p.m., New York City time, on each P&I Advance Date, the Master Servicer shall either (i) remit to the Certificate Administrator for deposit into the Lower-Tier REMIC Distribution Account from its own funds an amount equal to the aggregate amount of P&I Advances, if any, to be made in respect of the related Distribution Date, (ii) apply amounts held in the Certificate Account, for future distribution to Certificateholders in subsequent months in discharge of any such obligation to make P&I Advances or (iii) make P&I Advances in the form of any combination of (i) and (ii) aggregating the total amount of P&I Advances to be made. Any amounts held in the Certificate Account for future distribution and so used to make P&I Advances shall be appropriately reflected in the Master Servicer’s records and replaced by the Master Servicer by deposit in the Certificate Account on or before the next succeeding P&I Advance Date (to the extent not previously replaced through the deposit of Late Collections of the delinquent principal and/or interest in respect of which such P&I Advances were made). The Master Servicer shall notify the Certificate Administrator of (i) the aggregate amount of P&I Advances for a Distribution Date and (ii) the amount of any Nonrecoverable P&I Advances for such Distribution Date, on or before two (2) Business Days prior to such Distribution Date. If the Master Servicer fails to make a required P&I Advance by 4:00 p.m., New York City time, on any P&I Advance Date, the Trustee shall make such P&I Advance pursuant to Section 7.05 by noon, New York City time, on the related Distribution Date, unless the Master Servicer shall have cured such failure (and provided written notice of such cure to the Trustee and the Certificate Administrator) by 11:00 a.m., New York City time, on such Distribution Date. In the event that the Master Servicer fails to make a required P&I Advance hereunder, the Certificate Administrator shall notify the Trustee of such circumstances by 4:30 p.m., New York City time, on the related P&I Advance Date.

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