Repayment of Advance Amount Sample Clauses

Repayment of Advance Amount. Lessee shall be repaid, in the --------------------------- manner provided in the next sentence, any Advance Amount (plus interest on the outstanding portion thereof at a simple interest rate of 14% per annum from the date that any portion of such mount is advanced by Lessee to but not including the date it is repaid by Lessor) (the "Repayment Amount"). The Lessee shall be ---------------- entitled to offsets (without duplication) against any payments of Rent (other than as limited by the three provisos to this sentence) due from Lessee to Lessor or Owner Participant (including, without limitation, Interim Rent, Base Rent, Stipulated Loss Value, Termination Value or the applicable EBO Amount and all other amounts payable to Lessor in connection with any termination of this Lease, but excluding Excepted Payments payable to the Trust Company) until Lessee has received the Repayment Amount, whether by cash payment, offsets as herein provided, or any combination thereof; provided, however, that in case of any payment due to Lessor from -------- ------- Lessee, Lessee's right of offset shall be limited to the portion of such payment, if any, distributable to Lessor or Owner Participant thereunder; provided further, however, that no such offset or aggregate combined effect of -------- ------- ------- separate offsets shall reduce the amount of any installment of Interim Rent, Base Rent, Supplemental Rent due under Section 3(b)(i)(A) or Section 3(c)(ii) Stipulated Loss Value, Termination Value or the EBO Amounts as of any date payable under this Lease to an amount that would be in contravention of the minimum payment requirements of Section 3(f); and provided further, however, -------- ------- ------- that Lessee shall have no such right of offset so long as any Payment Default, Bankruptcy Default or Event of Default has occurred and is continuing.
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Repayment of Advance Amount. The Advance Amount will be forgiven by NeoMedia (a) upon the closing of a merger between the Parties, or (b) in the event that NeoMedia terminates merger discussions with Mobot prior to February 15, 2006 by providing written notice of such termination to Mobot prior to such date, or (c) in the event that the proposed merger fails to close prior to February 15, 2006 (other than by reason of a Mobot Failure, as defined below). If the proposed merger fails to close prior to February 15, 2006 because (a) Mobot refuses to execute a Merger Agreement that is substantially the same as and contains terms that are no less favorable to Mobot than those proposed by Mobot in its draft of December 1, 2005 (except that the date for the closing shall be a date prior to February 15, 2006) or (b) Mobot terminates merger discussions prior to February 15, 2006 by providing written notice of such termination to NeoMedia prior to such date (either such event is a "Mobot Failure"), then the Advance Amount will be converted into shares of Mobot's common stock in the manner described in Section 7 of the Promissory Note (except that such conversion shall be automatic and not at the election of NeoMedia) and the remaining terms of such Section 7 shall apply to such conversion and the shares issued upon such conversion.
Sample 1

Related to Repayment of Advance Amount

  • Repayment of Advances If the identity of the Servicer shall change, the predecessor Servicer shall be entitled to receive reimbursement for outstanding and unreimbursed Simple Interest Advances made pursuant to Section 4.4 by the predecessor Servicer.

  • Prepayment of Advances No Borrower shall have the right to prepay any principal amount of any Advances other than as provided in this Section 2.07.

  • Notification of Advances, Interest Rates, Prepayments and Commitment Reductions Promptly after receipt thereof, the Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder. The Agent will notify each Lender of the interest rate applicable to each Eurodollar Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate.

  • Disbursement of Advance Proceeds All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of Borrowers to Agent or Lenders, shall be charged to Borrowers' Account on Agent's books. During the Term, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions hereof. The proceeds of each Revolving Advance requested by Borrowers or deemed to have been requested by Borrowers under Section 2.2(a) hereof shall, with respect to requested Revolving Advances to the extent Lenders make such Revolving Advances, be made available to the applicable Borrower on the day so requested by way of credit to such Borrower's operating account at PNC, or such other bank as Borrowing Agent may designate following notification to Agent, in immediately available federal funds or other immediately available funds or, with respect to Revolving Advances deemed to have been requested by any Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request.

  • Disbursement of Advance Subject to the provisions of this Agreement, the Agent shall on each Drawdown Date pay to the Borrower the amounts which the Agent receives from the Lenders under Clause 4.5; and that payment to the Borrower shall be made:

  • Optional Prepayments of Advances The Borrower may, upon at least two Business Days’ notice, in the case of Eurodollar Rate Advances, and upon notice not later than 11:00 A.M. (New York City time) on the date of prepayment, in the case of Base Rate Advances, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, if such notice is given, the Borrower shall prepay the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in a minimum amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).

  • Prepayments of Advances (a) Any Borrower may, upon at least two (2) Business Days’ notice to the Agent stating (i) the proposed date and aggregate principal amount of the prepayment and (ii) the Advances (which shall be part of the same Borrowing) to which such prepayment is to be applied, and if such notice is given such Borrower shall, prepay the outstanding principal amounts of the Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in an aggregate principal Dollar Amount of not less than $10,000,000 and in an integral Dollar Amount multiple of $1,000,000 in excess thereof and (y) in the case of any such prepayment of a Eurocurrency Rate Advance or a TIBO Rate Advance, such Borrower shall be obligated to reimburse the applicable Banks in respect thereof pursuant to Section 8.04(b).

  • Repayments of Interest Advances or the Final Advance Subject to Sections 2.06, 2.07 and 2.09 hereof, the Borrower hereby agrees, without notice of an Advance or demand for repayment from the Liquidity Provider (which notice and demand are hereby waived by the Borrower), to pay, or to cause to be paid, to the Liquidity Provider on each date on which the Liquidity Provider shall make an Interest Advance or the Final Advance, an amount equal to (a) the amount of such Advance (any such Advance, until repaid, is referred to herein as an "UNPAID ADVANCE"), plus (b) interest on the amount of each such Unpaid Advance as provided in Section 3.07 hereof; PROVIDED that if (i) the Liquidity Provider shall make a Provider Advance at any time after making one or more Interest Advances which shall not have been repaid in accordance with this Section 2.05 or (ii) this Liquidity Facility shall become a Downgraded Facility or Non-Extended Facility at any time when unreimbursed Interest Advances have reduced the Maximum Available Commitment to zero, then such Interest Advances shall cease to constitute Unpaid Advances and shall be deemed to have been changed into an Applied Downgrade Advance or an Applied Non-Extension Advance, as the case may be, for all purposes of this Agreement (including, without limitation, for the purpose of determining when such Interest Advance is required to be repaid to the Liquidity Provider in accordance with Section 2.06 and for the purposes of Section 2.06(b)

  • Notification of Advances, Interest Rates and Prepayments The Administrative Agent will notify each Lender of the contents of each Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder not later than the close of business on the Business Day such notice is received by the Administrative Agent. The Administrative Agent will notify each Lender of the interest rate applicable to each LIBOR Rate Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate.

  • Certificates for Reimbursement; Repayment of Outstanding Loans; Borrowing of New Loans A certificate of a Lender or the Issuing Lender setting forth the amount or amounts necessary to compensate such Lender or the Issuing Lender or its holding company, as the case may be, as specified in Sections 5.8.1 [Increased Costs Generally] or 5.8.2 [Capital Requirements] and delivered to the Borrower shall be conclusive absent manifest error. The Borrower shall pay such Lender or the Issuing Lender, as the case may be, the amount shown as due on any such certificate within ten (10) days after receipt thereof.

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