Money Market Advances Sample Clauses

Money Market Advances. (a) The Borrower (directly or through an agent or representative) may at any time and from time to time request any one or more of the Banks to make offers to make Money Market Loans to the Borrower on any Business Day during the period from the date hereof until the Termination Date in the manner set forth below. Each such Bank may, but shall have no obligation to, make such offer, and the Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section 2.11.
Sample 1
AutoNDA by SimpleDocs
Money Market Advances. (a) GM may at any time and from time to time request any one or more of the Non-Extending Lenders to make offers to make Money Market Advances to GM on any Business Day during the relevant Commitment Period; provided that in no event may GM request a borrowing of Money Market Advances if, after giving effect to such borrowing and the use of proceeds thereof, (i) there would be more than $1,000,000,000 of Money Market Advances outstanding, (ii) the aggregate amount of all Non-Extended Loans, Competitive Loans and Money Market Advances then outstanding shall exceed the aggregate Non-Extended Commitments then in effect of all Non-Extending Lenders and (iii) the Total Extensions of Credit shall not exceed the aggregate Commitments then in effect of all Lenders. Each such Non-Extending Lender may, but shall have no obligation to, make such offer, and such Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this subsection 2.6. Money Market Advances to GM may bear interest at a rate determined by reference to any interest rate basis applicable to Non-Extended Loans to GM hereunder. A Money Market Advance shall have a stated maturity no later than the seventh Business Day after the date on which such Money Market Advance is made.
Sample 1
Money Market Advances. In addition to the other revolving credit Advances provided for in this Agreement, each Lender may, in its sole discretion on an uncommitted basis, offer to make loans (the "Money Market Advances," which shall be Advances for purposes of this Agreement) to the Company on such terms and conditions (including tenor, amount and interest rate) as such Lender may offer and the Company shall accept. Each Money Market Advance shall bear interest at such rate as the applicable Lender may offer and the Company shall accept. Each Money Market Advance shall be due and payable on the last day of the Money Market Interest Period applicable to such Money Market Advance. Money Market Advances may not be prepaid without the prior written consent of the applicable Lender. Money Market Advances shall be available for such interest periods ("Money Market Interest Periods") as a Lender may offer and the Company shall accept (which interest periods may not end after the then current Stated Termination Date). The Company may request Money Market Advances by giving the applicable Lender notice by 10:00 a.m., New York City time, on the Business Day of the proposed Borrowing. For each day on which the aggregate principal amount of the Advances hereunder is equal to or greater than 25% of the aggregate amount of the total Commitments hereunder, the interest rate for each outstanding Money Market Advance will be increased by 0.125% for such day.
Sample 1
Money Market Advances. During such periods as such Advance is a Money Market Advance, at a rate per annum equal at all times during each Money Market Interest Period for such Advance to the interest rate for such Money Market Interest Period determined pursuant to Section 2.4, payable on the last day of each such Money Market Interest Period and on the date such Advance shall be due (whether at stated maturity, by acceleration or otherwise).
Sample 1
Money Market Advances. 26 Section 6.1 Procedure for Borrowing of Money Market Advances...........................................26 ------------------------------------------------ Section 6.2 Evidence of Money Market Advances..........................................................27 --------------------------------- Section 6.3 Acceleration of Money Market Advances......................................................27 ------------------------------------- Section 6.4 Prepayment of Money Market Advances........................................................27 -----------------------------------
Sample 1
Money Market Advances 
Sample 1Sample 2

Related to Money Market Advances

  • Money Market Borrowings (a) In addition to Committed Borrowings pursuant to Section 2.01, the Borrower may, as set forth in this Section, request the Banks during the Revolving Credit Period to make offers to make Money Market Loans to the Borrower. The Banks may, but shall have no obligation to, make such offers and the Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.

  • Money Market Loans (a) In addition to making Syndicated Borrowings, the Borrower may, as set forth in this Section 2.03, request the Banks to make offers to make Money Market Borrowings available to the Borrower. The Banks may, but shall have no obligation to, make such offers and the Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section 2.03, provided that:

  • 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.

  • 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.

  • Interest on Revolving Credit Advances Each Borrower shall pay interest on the unpaid principal amount of each Revolving Credit Advance made to such Borrower owing to each Lender from the date of such Revolving Credit Advance until such principal amount shall be paid in full, at the following rates per annum:

  • Loans, Advances and Investments Make or permit to remain outstanding any loan or advance to, or own, purchase or acquire any stock, obligations or securities of, or any other interest in, or make any capital contribution to, any Person, or consummate any Acquisition, except that the Company or any Subsidiary may

  • Procedure for Revolving Advances Borrowing (a) Borrower may notify Agent prior to 1:00 p.m. on a Business Day of Borrower’s request to incur, on that day, a Revolving Advance hereunder. Should any amount required to be paid as interest hereunder, or as fees or other charges under this Agreement or any other agreement with Agent or Lenders, or with respect to any other Obligation, become due, same shall be deemed a request for a Revolving Advance as of the date such payment is due, in the amount required to pay in full such interest, fee, charge or Obligation under this Agreement or any other agreement with Agent or Lenders, and such request shall be irrevocable.

  • Base Rate Advances During such periods as such Advance is a Base Rate Advance, a rate per annum equal at all times to the sum of (x) the Base Rate in effect from time to time plus (y) the Applicable Margin in effect from time to time, payable in arrears quarterly on the last day of each March, June, September and December during such periods and on the date such Base Rate Advance shall be Converted or paid in full.

  • Prepayments of Revolving Credit Advances The Borrower ---------------------------------------- may, upon notice at least two Business Days' prior to the date of such prepayment, in the case of Eurodollar Rate Advances, and not later than 12:00 noon (New York City time) on the date of such prepayment, in the case of Base Rate Advances, to the Agent stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Borrower shall, prepay the outstanding principal amount of the Revolving Credit Advances comprising part of the same Revolving Credit Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in -------- ------- an aggregate principal amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).

  • Procedure for Borrowing Revolving Loans Each Borrowing shall be made by a written request by an Authorized Person delivered to Agent and received by Agent no later than 10:00 a.m. (i) on the Business Day that is the requested Funding Date in the case of a request for a Swing Loan, and (ii) on the Business Day that is 1 Business Day prior to the requested Funding Date in the case of all other requests, specifying (A) the amount of such Borrowing, and (B) the requested Funding Date (which shall be a Business Day); provided, that Agent may, in its sole discretion, elect to accept as timely requests that are received later than 10:00 a.m. on the applicable Business Day. At Agent’s election, in lieu of delivering the above-described written request, any Authorized Person may give Agent telephonic notice of such request by the required time. In such circumstances, Borrowers agree that any such telephonic notice will be confirmed in writing within 24 hours of the giving of such telephonic notice, but the failure to provide such written confirmation shall not affect the validity of the request.

Time is Money Join Law Insider Premium to draft better contracts faster.