Purpose and Availability. The purpose of the Formative Track shall be to promote professional growth for employees in order to improve instruction. The Formative Track shall be available and shall be voluntary to employees who have successfully completed four (4) satisfactory Summative Tracks. The Formative Track is aimed at encouraging professional growth through goal setting and involves the employee and evaluator in cooperative discussions and planning. It is also aimed at encouraging collegial interaction for the accomplishment of goals.
Purpose and Availability. (a) The Company shall apply each Loan made to it towards:-
Purpose and Availability. The proceeds of the Term Loans will be used for working capital, general corporate purposes and other transactions not prohibited by the Definitive Financing Documentation. The Exit Facility will be available to be drawn after the Closing Date through 18 months following the Closing Date, in a minimum principal amount per drawing of the lesser of (x) $25,000,000 or (y) the remaining unfunded amount of Term Loans. Amounts repaid or prepaid under the Exit Facility may not be reborrowed; provided that the repayment of a Term Loan shall not terminate the commitments in respect of the undrawn Term Loans.
Purpose and Availability. 18 4. Conditions precedent................................................................................19 5. Loans...............................................................................................20 6. Repayment...........................................................................................21 7.
Purpose and Availability. The Consultant has notified the Company that during the Consulting Period (as defined in Section 2(e) below), the Consultant is available to serve the Company as a consultant and advisor on an as needed basis to assist the Company in developing and executing business development activities and strategies, including potential expansion of business opportunities for the Bank and the Company.
Purpose and Availability. 17 4. REPAYMENT...............................................................................................17
Purpose and Availability. (a) The Company applied the Loan in accordance with the Original Agreement.
Purpose and Availability. (a) Each Borrower shall apply each Loan made to it towards its working capital or general corporate purposes. (b) Subject to the terms of this Agreement, EUK shall borrow the Facility A Loan(s) on the Effective Date.
Purpose and Availability. Up to the full amount of the Acquisition Term Loan Facility shall be drawn in a single drawing on the date on which the Colomer Acquisition is consummated (the “Closing Date”) and applied to (a) consummate the Colomer Acquisition, pay related transaction costs and expenses and repay or acquire certain Indebtedness of the Acquired Business, (b) pay transaction costs, fees and expenses incurred in connection with the Acquisition Term Loans and (c) with regard to any remaining amount, for general corporate purposes. Amounts borrowed under the Acquisition Term Loan Facility that are repaid or prepaid may not be reborrowed.
Purpose and Availability. (a) Subject to the terms of this Agreement, the Loan shall be made available to the Borrower in full, in one amount during the Availability Period. If the Loan is not drawn down during the Availability Period the Facility shall be reduced to zero at [5:00pm] on the last Business Day of the Availability Period.
