Previous Advances Sample Clauses

Previous Advances. The Lender and the Borrower acknowledge that the amount of $330,859.00 US has been previously advanced by the Lender to the Borrower and represents the aggregate outstanding principal balance due as of the date hereof. Provided that the Borrower has made all payments required to be paid hereunder and is not in default, the Lender may, upon Borrower's request, lend additional sums up to the Loan Commitment amount of $500,000.00 US.
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Previous Advances. Prior to entering into this Note , the Lender has advanced funds to the Borrower. Such advances are to be treated as Advances under this Note and wi ll be reflected on the Schedule A attached hereto. 4. Change of Board . Coincident with the execution of this Agreement , the Borrower will appoint three n ew directors , as nominated by the L ender, to its Board. 2. Making the Advances. 1.
Previous Advances. (a) The parties acknowledge and agree that the Shareholder has, without any obligation or pre-existing liability to do so, made various advances to the Company from time to time in the aggregate amount of RMB70,000,000 and, in exchange therefor, the Company agrees to issue shares of Common Stock to the Shareholder. The obligation of the Shareholder to make the Group Travel Contribution described in Section 2(b) of this Agreement shall be used to partially offset the aggregate amount owing from the Company to the Shareholder in respect of such previous advances. As a result of such offset, the aggregate net balance of the previous advances made to the Company by the Shareholder shall be RMB33,465,000.
Previous Advances. Lxxxxx and Bxxxxxxx agree and acknowledge that such funds as specifically set forth on Schedule A hereto have been previously advanced to the Borrower and shall be included and applied to the total Credit Line available hereunder and the available Credit Line available as of the Effective Date of this Agreement shall be reduced to include all such previously advanced amounts.
Previous Advances. The Lender and the Borrower acknowledge that the amount of 3,038,000 DM has been previously advanced by the Lender to the Borrower and represents the aggregate outstanding principal balance due as of the date hereof. Provided that the Borrower has made all payments required to be paid hereunder and is not in default, the Lender may, upon Borrower's request, lend additional sums up to the Loan Commitment amount of 4,000,000 DM.
Previous Advances. 2.01 The parties agree that the following principal amounts previously advanced by BV to the Company are to be considered Advances pursuant to the terms and conditions of this Agreement, and will entitle BV to receive bonus shares and bonus warrants as contemplated in paragraph 3.01 hereof:

Related to Previous Advances

  • Revolver Advances (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, each Lender with a Revolver Commitment agrees (severally, not jointly or jointly and severally) to make revolving loans (“Advances”) to Borrower in an amount at any one time outstanding not to exceed the lesser of:

  • 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.

  • 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:

  • 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.

  • 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.

  • Equipment Advances Except as set forth in Section 2.3(b), the Equipment Advances shall bear interest, on the outstanding daily balance thereof, at a rate equal to 0.50% above the Prime Rate.

  • Subsequent Advances The obligation of FINOVA to make any advance shall be subject to the further conditions precedent that, on and as of the date of such advance: (a) the representations and warranties of Borrower set forth in this Agreement shall be accurate, before and after giving effect to such advance or issuance and to the application of any proceeds thereof; (b) no Event of Default and no event which, with notice or passage of time or both, would constitute an Event of Default has occurred and is continuing, or would result from such advance or issuance or from the application of any proceeds thereof; (c) no material adverse change has occurred in the Borrower's business, operations, financial condition, in the condition of the Collateral, or other assets of Borrower or in the prospect of repayment of the Obligations; and (d) FINOVA shall have received such other approvals, opinions or documents as FINOVA shall reasonably request.

  • Repayment of Excess Advances The aggregate balance of Advances outstanding at any time in excess of the maximum amount of Advances permitted hereunder shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred.

  • Monthly Advances ARTICLE IX

  • LIBOR Advances The interest rate applicable to each LIBOR Advance shall be determined in accordance with Section 3.6(a) hereunder. Subject to Sections 3.6 and 3.7, such rate shall apply during the entire Interest Period applicable to such LIBOR Advance, and interest calculated thereon shall be payable on the Interest Payment Date applicable to such LIBOR Advance.

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