Common use of Primary Advances Clause in Contracts

Primary Advances. Subject to the terms and conditions herein (including the Lending Sublimits) the Borrower may request Primary Advances from the Lenders on a pro rata basis in accordance with each such Lender's Commitment Percentage. Primary Advances shall accrue interest at the Eurodollar Rate, the Federal Funds Rate or the Alternate Base Rate, as selected by the Borrower in accordance with Sections 2.8 and 2.9.

Appears in 2 contracts

Samples: Assignment Agreement (Pulte Homes Inc/Mi/), Revolving Credit Agreement (Pulte Homes Inc/Mi/)

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Primary Advances. Subject to the terms and conditions herein (including the Lending Sublimits) the Borrower may request Primary Advances from the Lenders on a pro rata basis in accordance with each such Lender's Primary Commitment Percentage. Primary Advances shall accrue interest at the Eurodollar Rate, the Federal Funds Rate or the Alternate Base Rate, as selected by the Borrower in accordance with Sections 2.8 and 2.9.

Appears in 1 contract

Samples: Credit Agreement (Prism Financial Corp)

Primary Advances. Subject to the terms and conditions herein (including the Lending Sublimits) the Borrower Borrowers may request Primary Advances from the Lenders on a pro rata basis in accordance with each such Lender's Commitment Percentage. Primary Advances shall accrue interest at the Eurodollar Rate, the Federal Funds Rate or the Alternate Base Rate, as selected by the Borrower Borrowers in accordance with Sections 2.8 2.6 and 2.9.2.7. 2.3

Appears in 1 contract

Samples: Assignment Agreement (Hovnanian Enterprises Inc)

Primary Advances. Subject to the terms and conditions herein (including the Lending Sublimits) the Borrower may request Primary Advances from the Lenders on a pro rata basis in accordance with each such Lender's Commitment Percentage. Primary Advances shall accrue interest at the Eurodollar Rate, the Federal Funds Rate or the Alternate Base Rate, as selected by the Borrower in accordance with Sections 2.8 2.6 and 2.9.2.7. 1.4

Appears in 1 contract

Samples: Assignment Agreement (Hovnanian Enterprises Inc)

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Primary Advances. Subject to the terms and conditions herein (including the Lending Sublimits) the Borrower may request any of the Primary Advances (other than Buy Down Advances) from the Lenders on a pro rata basis in accordance with each such Lender's Primary Commitment Percentage. Primary Advances shall accrue interest at the Eurodollar Rate, the Federal Funds Rate or the Alternate Base Rate, as selected by the Borrower in accordance with Sections 2.8 2.7 and 2.92.8.

Appears in 1 contract

Samples: Credit Agreement (Mego Mortgage Corp)

Primary Advances. Subject to the terms and conditions herein (including the Lending Sublimits) the Borrower may request any of the Primary Advances from the Lenders on a pro rata basis in accordance with each such Lender's Primary Commitment Percentage. Primary Advances shall accrue interest at the Eurodollar Floating Rate, the Federal Funds Rate or the Alternate Base Rate, as selected by the Borrower in accordance with Sections 2.8 and 2.9.

Appears in 1 contract

Samples: Credit Agreement (Mego Mortgage Corp)

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