Prior Advances. No other Advance shall been made during the calendar month in which such Subsequent Advance Date falls.
Prior Advances. All prior Advances to Borrower have been applied to the payment of obligations of Borrower for materials, labor and other costs incurred in connection with the construction of the Improvements, and for no other purpose.
Prior Advances. Prior to the Fourth Restatement Closing Date and in accordance with the Existing Agreement, the Borrowers sold to certain of the Purchasers various Existing Notes, and the Company sold to certain of the Purchasers various Warrants, for the consideration set forth in the Existing Agreement, and subject to the terms set forth in the Existing Agreement and in such Existing Notes (as amended on the Fourth Restatement Closing Date) and Warrants.
Prior Advances. Prior to the Third Restatement Closing Date and in accordance with the Existing Agreement, the Borrowers sold to the Purchasers various Notes, and the Company sold to the Purchasers various Warrants, respectively, for the consideration set forth in the Existing Agreement. The terms of the Notes and Warrants issued prior to the Third Restatement Closing Date by the Borrowers and the Company, respectively, are set forth in the Amended and Restated Notes and in such Warrants, respectively, as updated or amended as set forth on Schedule 1.1(d) or as required to be amended after the Third Restatement Closing Date under Section 8.22 as of any date of determination.
Prior Advances. The obligation of the Purchasers to make Advances prior to the date hereof was subject to certain terms and conditions, which were set forth in Article IV of the Existing Agreement. Such terms and conditions are incorporated by reference herein to the extent they remain applicable as of the Third Restatement Closing Date.
Prior Advances. Stratosphere and Grand acknowledge and agree that Grand has previously advanced an aggregate of $18,551,902 under the Guarantee and that such amounts have been paid by Grand in partial satisfaction of the Obligations (as defined in the Guarantee). The parties acknowledge that all funds advanced by Grand under the Guarantee have been applied by Stratosphere either to pay costs incurred for the Resort to become Operating (as defined in the Indenture) or to pay certain Amounts Required For Completion (as defined in the Guarantee) payable by the Obligors on or prior to the date on which the Resort becomes Operating, all of which costs and amounts are described on Schedule I hereto.
Prior Advances. The Company hereby acknowledges and agrees that the Purchaser made the Prior Advances to the Company prior to the date hereof, and that the amount of such Prior Advances is included in the principal amount hereof and shall accrue interest and be subject to prepayment and conversion in the same manner as the rest of the principal amount and accrued interest under this Debenture.
Prior Advances. Any and all amounts previously expended by Roran on behalf of and for the benefit of Waterside, and which would have otherwise been treated as an Advance hereunder, shall be treated as an Advance as of the Closing and treated accordingly hereunder and under the Convertible Note.
Prior Advances. As of the date hereof, Borrower has requested and received advances against the Note in the cumulative amount of $________________, which said sum was used solely for making real estate secured loans to unrelated third parties. Borrower acknowledges and confirms that the maximum amount that may be advanced under the Note is Ten Million Dollars ($10,000,000).
Prior Advances. The balance of the Line of Credit available to be advanced to the Borrower will be reduced by the Prior Advances.
