Supplemental Loans Sample Clauses

Supplemental Loans. (a) In addition to the Loans which may be made by Lenders to Borrowers pursuant to Sections 2.1 and 2.2 of the Loan Agreement on or after the date hereof, upon the request of Borrowers made at any time after the Supplemental Loan Availability Date and prior to the Supplemental Loan Termination Date, and subject to and upon the terms and conditions contained herein and in the Loan Agreement and the other Financing Agreements, Lender agrees to make the Supplemental Loans to Borrowers from time to time after the Supplemental Loan Availability Date and prior to the Supplemental Loan Termination Date, in an amount requested by Borrowers, up to the amount equal to the Supplemental Loan Limit as then in effect. In the event that the Supplemental Loan Availability Date does not occur prior to April 10, 2000, no Supplemental Loans shall be available to Borrowers. (b) Except in Lender's discretion, Borrowers shall not have any right to request, and Lender shall not make any Supplemental Loans in excess of the Supplemental Loan Limit or at any time before the Supplemental Loan Availability Date or on or after the Supplemental Loan Termination Date. (c) The Supplemental Loans shall be secured by all Collateral. Notwithstanding anything to the contrary contained herein or in the Loan Agreement or the other Financing Agreements, (i) on each date when any reduction in the Supplemental Loan Limit becomes effective, Borrowers agree absolutely and unconditionally to automatically and without notice or demand to make a payment in respect of the Supplemental Loans in an amount equal to the excess, if any, of the aggregate unpaid principal amount of the Supplemental Loans over the Supplemental Loan Limit as so reduced in immediately available funds and (ii) unless sooner demanded by Lender in accordance with terms of the Loan Agreement or the other Financing Agreements, Borrowers further agree that all outstanding and unpaid Obligations arising pursuant to the Supplemental Loans (including without limitation, principal, interest, fees, costs, expenses and other charges in respect thereof payable by Borrowers to Lender) shall automatically, without notice or demand, be absolutely and unconditionally due and payable and Borrowers shall pay to Lender in immediately available funds all such Obligations on the Supplemental Loan Termination Date. Interest shall accrue and be due, until and including the next business day, if amount paid by Borrowers to the bank account designated by...

Supplemental Loans. Lender agrees, on the terms and conditions set forth, to make loans ("Supplemental Loans") to Borrower from time to time in an aggregate principal amount up to the amount prepaid by Borrower pursuant to Section 2.01 (b)(1); provided, however, that the total of the Initial Loan and Supplemental Loans shall not exceed 60% of the cost (net of any bidding credits) of all PCS Licenses granted to Borrower pursuant to the F-Block Auction, in each case reduced by any amounts deemed to be Supplemental Loans pursuant to the second succeeding sentence. Supplemental Loans shall only be used for the following purposes: (i) to fund the remaining 10% down payment due after PCS Licenses are granted; (ii) to make installment interest and principal payments on any PCS Licenses granted to Borrower pursuant to Section 24.716 of the FCC Rules; (iii) to make payments pursuant to the next to last sentence of Section 1 and the proviso clause of Section 2 of the Expenses Agreement (the "Expenses Agreement") dated as of July 26, 1996 among the Partnership, the General Partner and the Initial Limited Partner; and (iv) any other business purposes approved in writing by Lender;

Supplemental Loans. (a) In addition to the Revolving Loans which may be made by Lenders to Borrowers pursuant to Section 2.1 of the Loan Agreement, Congress, as Lender shall make a supplemental loan to Borrowers in an amount equal to $3,500,000. Interest shall be payable monthly on the Supplemental Loan at the Supplemental Loan Interest Rate. Agent may, at its option, apply payments in respect of the Loans received by Agent, to the Supplemental Loan or the Loans other than the Supplemental Loan or any of the other Obligations in such order and manner as Agent shall from time to time determine. Notwithstanding the foregoing, Congress shall, upon one (1) days notice to Agent, be entitled to receive payment of any amount equal to the outstanding principal balance of the Supplemental Loan and accrued and unpaid interest thereon at the Supplemental Loan Interest Rate, conditioned upon the following being satisfied: (i) the Borrowers average Excess Availability for the Business Days included in the thirty (30) day period immediately prior to the date of repayment of the Supplemental Loan, and the Excess Availability for each of the three (3) Business Days immediately prior to the date of repayment of the Junior Participation or portion thereof, is not less than $5,000,000; and (ii) No Event of Default exists under the Loan Agreement. Borrowers authorize Agent, upon satisfaction of the foregoing conditions to make a Revolving Loan in the amount necessary to repay the Supplemental Loan without further notice to Borrowers and authorize Agent to charge the loan account of Borrowers therefor. (b) Except in Agent's discretion, Borrowers shall not have any right to request, and Lenders shall not make, any Supplemental Loans in excess of the Supplemental Loan Limit as then in effect or at any time on or after the Supplemental Loan Termination Date. (c) The Supplemental Loan shall be secured by all Collateral and shall bear interest at the Supplemental Loan Interest Rate. Interest shall accrue and be due and payable in respect of the Supplemental Loan in accordance with Section 3.1 (d) of the Loan Agreement. (d) Unless sooner demanded by the Agent or Lenders in accordance with terms of the Loan Agreement or the other Financing Agreements, all outstanding and unpaid Obligations arising pursuant to the Supplemental Loan (including, but not limited to, principal, interest, fees, costs, expenses and other charges in respect thereof payable by Borrowers to Lenders) shall automatically, without n...

Supplemental Loans. (a) In addition to the loans and advances which may be made by Congress to Borrower pursuant to the lending formulas set forth in the Financing Agreements, upon the request of Borrower made at any time and from time to time during the period April 1, 1996 to August 31, 1996, Congress shall, subject to the terms and conditions contained in the Financing Agreements, make supplemental loans to Borrower in such amounts from time to time as Congress shall in good faith determine, in its discretion, of up to $1,000,000 in excess of the amounts otherwise available to Borrower under the lending formulas set forth in the Financing Agreements, as calculated by Congress (the "Supplemental Loans"). (b) The Supplemental Loans shall be secured by all Collateral and shall be payable ON DEMAND. In any event, unless sooner demanded by Congress, all outstanding and unpaid obligations arising pursuant to the Supplemental Loans (including, but not limited to, principal, interest, fees, costs and expenses) shall automatically, without notice or demand, be absolutely and unconditionally due and payable in cash or other immediately available funds on August 31, 1996.

Supplemental Loans. (a) In addition to the Loans which may be made by Lender to Borrower pursuant to Section 4.1 of the Loan Agreement, upon the request of Borrower, made at any time and from time to time, subject to the terms and conditions contained herein, in the Loan Agreement and in the other Financing Agreements, Lender shall make Supplemental Loans to Borrower in amounts in excess of the amounts otherwise available to Borrower under Section 4.1 of the Loan Agreement (as calculated by Lender and Agent, and subject to the sublimits and reserves provided for in the Loan Agreement and the other Financing Agreements) up to the amount of the Supplemental Loan Limit as then in effect. (b) Without limiting any of the rights of Lender pursuant to Section 2(e) below or otherwise, on the next business day after each date when any reduction to the Supplemental Inventory Value becomes effective, Borrower agrees absolutely and unconditionally to automatically and without demand make a payment to Lender in respect of the Supplemental Loans in an amount equal to the excess, if any, of the aggregate unpaid principal amount of the Supplemental Loans over the amount of Supplemental Loan Limit as so reduced by the reduction in the Supplemental Inventory Value. All interest accrued on the principal amount of the Supplemental Loans paid pursuant to this Section 2(b) shall be paid, or may be charged by Agent to the loan account(s) of Borrower, at Agent's option, on the date of such payment. (c) From and after September 30, 1997, Gadi Cohen shall be permitted to withdraw, from time to time, amoxxxx xx xxllateral covered by the pledge and security agreement referred to in Section 5(c) hereof, subject to the following conditions: (i) each such withdrawal (other than a withdrawal consisting of all the remaining collateral covered by such agreement) shall be in the amount of $1,000,000 or an integral multiple thereof; (ii) Gadi Cohen shall have given the Agent not less than five (5) busixxxx xxxx' prior written notice of such intended withdrawal, such notice to contain information as to the amount and date of the proposed withdrawal, which shall be a business day; (iii) Without limiting any of the rights of Lender pursuant to Section 2(e) below or otherwise, not later than such proposed withdrawal, Borrower agrees absolutely and unconditionally to automatically and without demand make a payment to Lender in respect of the Supplemental Loans in an amount equal to the excess, if any, of the aggrega...

Supplemental Loans. (a) Subject to the terms and conditions set forth herein and relying upon the representations and warranties set forth herein and in the other Loan Documents, the Supplemental Lender agrees to make the Supplemental Loans to the Borrowers on the Supplemental Loan Closing Date (as defined below) in a principal amount not to exceed $10,000,000. (b) The Borrowers will use the proceeds of the Supplemental Loans only for the purposes specified in the recitals to this Amendment. (c) Unless the context shall otherwise require, the term “Loans” as used in the Credit Agreement shall include the Supplemental Loans, and the term “Lenders” as used herein and in the Credit Agreement shall include the Supplemental Lender.

Supplemental Loans. (a) Subject to the terms and conditions hereof, each Secured Supplemental Lender severally agrees to make term loans ("Secured Supplemental Loans") to the Company on the Supplemental Closing Date in an amount not to exceed the Secured Supplemental Commitment of such Secured Supplemental Lender. The Secured Supplemental Loans shall be made in Dollars and may from time to time be (i) Eurodollar Loans, (ii) ABR Loans or (iii) a combination thereof, as determined by the Company and set forth in the notice of borrowing or notice of conversion with respect thereto; provided that the Secured Supplemental Loans to be made on the Supplemental Closing Date initially shall be made as ABR Loans and shall be converted to Eurodollar Loans as promptly as is practicable thereafter. (b) Subject to the terms and conditions hereof, each Unsecured Supplemental Lender severally agrees to make term loans ("Unsecured Supplemental Loans") to the Company on the Supplemental Closing Date in an amount not to exceed the Unsecured Supplemental Commitment of such Unsecured Supplemental Lender. The Unsecured Supplemental Loans shall be made in Dollars and may from time to time be (i) Eurodollar Loans, (ii) ABR Loans or (iii) a combination thereof, as determined by the Company and set forth in the notice of borrowing or notice of conversion with respect thereto; provided that the Unsecured Supplemental Loans to be made on the Supplemental Closing Date initially shall be made as ABR Loans and shall be converted to Eurodollar Loans as promptly as is practicable thereafter.

Supplemental Loans. Section 2.1 of the Accounts Agreement is hereby deleted in its entirety and replaced with the following: 2.1. You shall, in your discretion, make loans to us from time to time, at our request, of up to eighty percent (80%) of the Net Amount of Eligible Accounts (or such greater or lesser percentage thereof as you shall in your sole discretion determine from time to time). Subject to the terms and conditions hereof, you may also, in your discretion, make loans to us from time to time, at our request, of up to $500,000 in excess of such lending formula until May 28, 1993, subject to reduction thereof as hereafter set forth, (the "Supplemental Loans"); provided, however, the maximum aggregate outstanding amount of such Supplemental Loans shall not exceed the lesser of (a) $500,000 and (b) the sum of (i) fifty percent (50%) of the "Value" (as hereinafter defined) of our first quality imported finished goods Inventory (as such term is defined in the Inventory and Equipment Security Agreement) for our current selling season, acceptable to you in all respects, plus (ii) up to five percent (5%) of the Net Amount of Eligible Accounts. "Value" shall mean the lower of (a) cost computed on a first-in-first-out basis or (b) market price, as determined by you. Notwithstanding anything to the contrary contained herein, the maximum amount of permitted Supplemental Loans available to us from you shall decrease on the dates and in the amounts indicated below and any outstanding Supplemental Loans in excess of such permitted maximum amount shall be repaid concurrently with such reduction: Date of Reduction Reduced Maximum Amount ----------------- ---------------------- May 7, 1993 $375,000 May 14, 1993 $250,000 May 21, 1993 $125,000 May 28, 1993 -0- "

Supplemental Loans. 2.1 In addition to the Loans which may be made by Lender to Borrowers pursuant to Sections 2.1 and 2.2 of the Loan Agreement, on or after the date hereof, upon the request of Borrowers made at any time after the date hereof and prior to the Supplemental Loan Termination Date, and subject to and upon the terms and conditions contained herein and in the Loan Agreement and the other Financing Agreements, Lender agrees to make the Supplemental Loans to Borrowers from time to time prior to the Supplemental Loan Termination Date in an amount requested by Borrowers, up to the amount outstanding at any one time equal to the Supplemental Loan Limit. 2.2 Except in Lender's discretion, Borrowers shall not have any right to request, and Lender shall not make, any Supplemental Loans in excess of the Supplemental Loan Limit or at any time on or after the Supplemental Loan Termination Date.