Note Funding Sample Clauses
Note Funding. On each Funding Date, the Purchaser shall fund draws under the Note as requested from National Rural from time to time during the Draw Period, in each case pursuant to a Draw Notice, in an aggregate principal amount, not in excess of $300,000,000.00 outstanding at any one time (the “Maximum Purchase Amount”), subject to the terms and conditions set forth in the Master Agreement. For purposes hereof, “Draw Period” means the period beginning on July 31, 2015 to and including July 31, 2018. National Rural may borrow, repay and reborrow funds at any time or from time to time during the Draw Period in accordance with the procedures set forth in the Master Agreement. The outstanding principal balance of the Note shall reflect each such borrowing, repayment and reborrowing during the Draw Period, as indicated on the books and records of the Purchaser, copies of which records shall be made available by the Purchaser to National Rural not more frequently than monthly upon National Rural’s written request. Disbursements under the Note shall be in an initial minimum amount of $10 million and additional increments of $5 million in excess thereof.
(a) The following additional defined terms shall apply to each Note issued pursuant to this Agreement: Applicable Margin: [REDACTED PORTION FILED SEPARATELY WITH SEC PURSUANT TO CONFIDENTIAL TREATMENT REQUEST] Index: LIBOR For purposes of this Agreement, “LIBOR” shall mean the London Interbank Offered Rate for one-month U.S. Dollar deposits, as calculated by ▇▇▇▇▇▇ Mac in the following order of priority: • the rate that appears at 11:00 a.m. (London time) on the LIBOR Determination Date equal to the London interbank offered rate as administered by ICE Benchmark Administration (or any other Person that takes over the administration of such rate for U.S. Dollars for a period equal in length to such Interest Period) as displayed on page LIBOR01 of the Reuters screen that displays such rate (or, in the event such rate does not appear on a Reuters page or screen, on any successor or substitute page on such screen that displays such rate, or on the appropriate page of such other information service that publishes such rate from time to time) for one-month U.S. Dollar deposits; • if a rate does not so appear, ▇▇▇▇▇▇ Mac will select four leading banks in the London interbank market and request those banks to provide their offered quotations to prime banks in the London interbank market for one-month U.S. Dollar deposits at 11:00 a.m....
Note Funding. If Total does not accept delivery of the Notes and to pay for the Notes at any Closing (as such term is defined in the SPA) pursuant to the SPA, either because of the failure of Amyris to satisfy a condition to any such Closing set forth in the SPA (which breach is not cured by Amyris within thirty days), or Total’s breach of any such purchase obligation under the SPA (which breach is not cured by Total within thirty days), then Total shall be deemed to have delivered a No-Go Decision, which No-Go Decision shall have the effects set forth in Section 2.2(a). Notwithstanding anything to the contrary in this Agreement, the SPA, the Notes or those certain letter agreements, dated as of March 27, 2013 and October 4, 2013, by and between Amyris and Total, if Amyris is prohibited from issuing any Notes after October 2, 2013 because such issuance of such Notes would, after giving effect to any then-applicable waivers, not be permitted by the provisions of Section 6 of the Notes or other then-outstanding debt of Amyris with a similar contractual restriction (a “Debt Incurrence Limitation”), then the triggering of such Debt Incurrence Limitation that would prohibit the issuance of the Notes shall not be deemed or treated to be a No-Go Decision. Notwithstanding anything to the contrary in this Master Agreement, the Amyris License Agreement, the Articles of Association, the 6554672_6 Shareholders’ Agreement or the SPA, if, after a Fundamental Amyris Change, Total does not accept delivery of the Notes and pay for the Notes at any Closing (as such term is defined in the SPA), then Total shall not be deemed to have delivered a No-Go Decision.
Note Funding. If Total does not accept delivery of the Notes and to pay for the Notes at any Closing (as such term is defined in the SPA) pursuant to the SPA, either because of the failure of Amyris to satisfy a condition to any such Closing set forth in the SPA (which breach is not cured by Amyris within thirty days), or Total's breach of any such purchase obligation under the SPA (which breach is not cured by Total within thirty days), then Total shall be deemed to have delivered a No-Go Decision, which No-Go Decision shall have the effects set forth in Section 2.2(a).
Note Funding. On the Closing Date, each Purchaser shall make an advance equal to its Commitment Percentage (as hereinafter defined) of $300,000. After the Closing Date and subject to the satisfaction of the Note Funding Conditions (as hereinafter defined), the Company may request, no more frequently than monthly, a funding of the Notes by notice to the Agent (each “Notice of Borrowing”) not later than 11:00 a.m., New York time, on the Business Day prior to the requested date of disbursement. Each Notice of Borrowing shall be made in writing. Upon receipt of any such Notice of Borrowing, the Agent shall promptly notify each Purchaser thereof. Each Purchaser will make the amount of its Commitment Percentage of each requested advance available to the Agent for the account of the Company prior to 12:00 Noon, New York City time, on the advance date requested by the Company in funds immediately available to the Agent. Such advance will then be made available to the Company by the Agent by making available to the account notified by the Company in accordance with the Notice of Borrowing. As used in this Section 3.3, the following terms shall have the following meanings (such meanings to be equally applicable to both the singular and plural forms of the terms defined):
Note Funding. The Lender shall fund the Principal Balance of the Loan on or before February 17th, 2015 (the “Loan Date”).
Note Funding. The Lender shall fund such amounts as requested by the Company from time to time, in an amount of no greater than $2,000,000 and the date of each funding shall be referred to as a “Loan Date”. The Parties agree that as of the date hereof there is an outstanding Principal Balance of US$428,818.00.
Note Funding. On each Funding Date, the Purchaser shall fund draws under the Note as requested from National Rural from time to time during the Draw Period, in each case pursuant to a Draw Notice, in an aggregate principal amount, not in excess of $300,000,000.00 outstanding at any one time (the “Maximum Purchase Amount”), subject to the terms and conditions set forth in the Master Agreement. For purposes hereof, “Draw Period” means the period beginning on July 31, 2018 to and including the earlier of (i) the Early Termination Date or (ii) December 20, 2023. National Rural may borrow, repay and reborrow funds at any time or from time to time during the Draw Period in accordance with the procedures set forth in the Master Agreement. The outstanding principal balance of the Note shall reflect each such borrowing, repayment and reborrowing during the Draw Period, as indicated on the books and records of the Purchaser (as may be evidenced by a schedule of exchanges of notes), copies of which records of the Purchaser shall be made available by the Purchaser to National Rural not more frequently than monthly upon National Rural’s written request. Disbursements under the Note shall be in an initial minimum amount of $25 million and additional increments of $5 million in excess thereof.
(a) The following additional defined terms shall apply to each Note issued pursuant to this Agreement: Applicable Margin: [REDACTED PORTION FILED SEPARATELY WITH SEC PURSUANT TO CONFIDENTIAL TREATMENT REQUEST], provided that ▇▇▇▇▇▇ Mac may adjust the Applicable Margin in its sole discretion on any Facility Renewal Date with at least 30 days’ notice to Issuer prior to the respective Facility Renewal Date.