Purpose and Amount Sample Clauses

Purpose and Amount. The amount of the Facility shall be up to a maximum of eighty-five percent (85%) if the Buyer is in risk category 2 or below, up to a maximum of eighty percent (80%) if the Buyer is in risk category 1, or such lesser percentage as may be selected by the Buyer or imposed by the Export Credit Agencies, in each case of the Net Aircraft Price of the Relevant Aircraft. The list of these risk categories is defined by experts nominated by the members of the OECD. Such list is confidential to the OECD members and is updated on an on-going basis. The risk classifications reflect the senior unsecured credit rating of the Buyer (see Table 1 in appendix). The Net Aircraft Price shall be equal to the Final Price (as defined in the Agreement) of the Relevant Aircraft including the engines/propulsion systems (the “Engines”) installed on such Relevant Aircraft after taking into account all price discounts and other cash credits, less all other credits or concessions of any kind of the Seller and/or the selected engine/propulsion system manufacturer (the “Engine Manufacturer”) related or fairly allocable thereto. Subject to the Export Credit Agencies’ prior approval, the Net Aircraft Price may include Buyer Furnished Equipment installed on the Relevant Aircraft in an amount agreed by the Export Credit Agencies. As requested by the Export Credit Agencies, the Buyer shall provide the Seller with a declaration signed by the selected Engine Manufacturer, indicating the total amount of the credit memoranda made available to the Buyer with respect to the Engines installed on the relevant Aircraft.

Purpose and Amount. The Bank shall loan to the Borrower on the date hereof subject to the terms herein the sum of ONE MILLION FIVE HUNDRED AND 00/100 DOLLARS ($1,500,000.00) TERM LOAN to Borrower (collectively the “Loan”) for the purpose of refinancing existing corporate debt of the Borrower, and to reimburse Borrower for equipment purchases. The parties agree and acknowledge that (a) $635,213 of the Loan proceeds will be applied on the date hereof to partially prepay the existing mortgage note given by the Borrower to the Bank, and (b) the cash of the Borrower being held by the Bank in a restricted account will be released to the Borrower on the date hereof. Subject to all the terms and provisions hereof, the Bank hereby agrees to lend to Borrower, and Borrower hereby agrees to borrow from the Bank, the full amount of the Loan, to be advanced as provided herein and repaid together with accrued interest thereon and with all costs and charges due and owing under this Agreement, all as hereinafter and in the Note more particularly set forth. The Loan shall be evidenced by the Note, and repayment of the Note and all other sums due the Bank under the terms hereof shall be secured by the Loan Documents set forth below.

Purpose and Amount. On the date hereof, Agent shall administer the Loan and ▇▇▇▇▇▇ is lending to Borrower the sum of SEVENTY-ONE MILLION FIVE HUNDRED THOUSAND AND NO/100 ($71,500,000.00) DOLLARS (the “Loan”) for the Loan Purposes.

Purpose and Amount. The Bank shall loan to the Borrower subject to the terms herein up to the sum of FIVE MILLION ONE HUNDRED THOUSAND AND 00/100 DOLLARS ($5,100,000.00) (the “Loan”) for the purpose of refinancing existing debt of the Borrower. Subject to all the terms and provisions hereof, the Bank hereby agrees to lend to Borrower, and Borrower hereby agrees to borrow from the Bank, the full amount of the Loan, to be advanced as provided herein and repaid together with accrued interest thereon and with all costs and charges due and owing under this Agreement, all as hereinafter and in the Note more particularly set forth. The Loan shall be evidenced by the Note, and repayment of the Note and all other sums due the Bank under the terms hereof shall be secured by the Loan Documents set forth below.

Purpose and Amount. ​ By virtue of the provisions of this Loan Agreement, the Lenders undertake to grant the Borrower a line of credit up to a maximum amount of ONE TRILLION PESOS COLOMBIAN LEGAL CURRENCY (COP$1,000,000,000,000.00) (the “Financing”), which may be disposed of by the Borrower through one or more disbursements (the “Disbursements”) for a period of one month from the date of signing this Loan Agreement (the “Availability Period”). For purposes of clarity, this Loan Agreement constitutes a line of credit and under no circumstances shall it be understood as a revolving credit quota, so the Lenders may only make Disbursements up to the maximum amount of the Financing and provided that the Borrower requests them within the Availability Period. ​ The participation of Banco de Bogotá, Banco de Occidente and Banco Popular as Lenders in the Financing will be made in the amounts and proportions established in the table included below (the “Participation Percentages”): ​

Purpose and Amount. 2.1 The purpose of this AGREEMENT to establish the terms and conditions under which the LENDER grants a CREDIT to the BORROWER in order to partially finance the CONTRACTS. 2.2 The aggregate amount of the CREDIT shall be up to, but not exceed, the equivalent value in USD of EUR 18,831,401.25 (Euros eighteen million, eight hundred and thirty one thousand, four hundred and one, and twenty five cents) (i.e. the 66.35% of the CONTRACTS amount), plus USD 968,090.25 (US dollars nine hundred and sixty eight thousand, ninety, and twenty five cents) (i.e. the 100% of CESCE’s insurance premium). 2.3 In order to determine the equivalent value in USD of the EUR 18,831,401.25 amount, the LENDER shall convert the EURO into USD by applying the EXCHANGE RATE determined as defined in ARTICLE 1 of this AGREEMENT.

Purpose and Amount. ​ By virtue of the provisions of this Borrowing Agreement, the Lender undertakes to grant the Borrower a non-rotating committed line of credit, up to a maximum amount of ONE TRILLION COLOMBIAN LEGAL PESOS (COP$1,000,000,000,000.00) (the “Financing”), which may be disposed of by the Borrower through one or more disbursements (the “Disbursements”).”), from the date of signature of the Borrowing Agreement through December 16, 2024 inclusive (the “Availability Period”). For all purposes, this Borrowing Agreement constitutes a committed line of credit and under no circumstances shall it be understood as a revolving credit quota, so the Lender may only make Disbursements up to the maximum amount of the Financing, provided that the Borrower requests them within the Availability Period. ​

Purpose and Amount. The Bank shall lend to the Borrower up to the sum of Five Million Three Hundred Twenty Thousand Dollars ($5,320,000) (the "Loan"). The Loan shall be advanced by the Bank for the purpose of financing the purchase of the Real Property and construction of the Improvements, in accordance with and subject to the terms and conditions set forth herein, as follows: (i) $5,040,000 will be advanced simultaneously with the closing of the acquisition of the Real Property (the "Closing"), currently scheduled for August 6, 1999, or such other date as shall be mutually agreed to by the Bank and the Borrower, and (ii) $280,000 shall be disbursed in accordance with Section 6 of this Agreement. The amount of the Loan will not exceed 80% of the lower of the "as completed" appraisal or the total cost of the Real Property and Improvements. Borrower shall pay at least twenty percent (20%) of the purchase price of the Real Property plus all closing costs at settlement.

Purpose and Amount. On the date hereof, Lender is lending to Borrower the sum of TWENTY-FIVE MILLION & 00/100 DOLLARS ($25,000,000.00) DOLLARS for the Loan Purposes and Borrower shall pay to Lender, in addition to all sums due under the Loan Documents, an origination fee for making the Loan in the amount of Two Hundred Fifty Thousand & 00/100 Dollars ($250,000.00) and an administration fee of Two Hundred Forty-Nine & 00/100 Dollars ($249.00) both to be paid as of the date of this Agreement.