Term and conditions of Drawdown Sample Clauses

Term and conditions of Drawdown. Subject to the fulfillment of the conditions precedent referred to in Article 3, each of the Tranche A1, A2, A3 and A4 will be made available to the Borrower in one payment which must occur no later than the Latest Drawdown Date for the Tranche in question for an amount of respectively: • 7,400,000 Euros, for Tranche A1, • the amount of Acquisition Subsequent Payment 1 up to a maximum of 3,000,000 Euros for Tranche A2, • the amount of Acquisition Subsequent Payment 2 up to a maximum of 3,000,000 Euros for Tranche A3, • the amount of Acquisition Subsequent Payment 3 up to a maximum of 3,000,000 Euros for Tranche A4. It is expressly agreed that, the Borrower may, if it gives the Agent five (5) Working Days irrevocable written notice cancel, at any time, the whole or any part of Tranches A2 and/or A3 and/or A4.
Sample 1
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Term and conditions of Drawdown. Subject to the fulfillment of the conditions precedent referred to in Article 3, each of the Tranche A1, A2, A3 and A4 will be made available to the Borrower in one payment which must occur no later than the Latest Drawdown Date for the Tranche in question for an amount of respectively: • * * * , for Tranche A1, • the amount of Acquisition Subsequent Payment 1 up to a maximum of * * * for Tranche A2, • the amount of Acquisition Subsequent Payment 2 up to a maximum of * * * for Tranche A3, • the amount of Acquisition Subsequent Payment 3 up to a maximum of * * * for Tranche A4. It is expressly agreed that, the Borrower may, if it gives the Agent five (5) Working Days irrevocable written notice cancel, at any time, the whole or any part of Tranches A2 and/or A3 and/or A4.
Sample 1
Term and conditions of Drawdown. Subject to the fulfillment of the conditions precedent referred to in Article 3, each of the Tranche A1, A2, A3 and A4 will be made available to the Borrower in one payment which must occur no later than the Latest Drawdown Date for the Tranche in question for an amount of respectively: • * * *, for Tranche A1, • the amount of Acquisition Subsequent Payment 1 up to a maximum of 3,000,000 Euros for Tranche A2, • the amount of Acquisition Subsequent Payment 2 up to a maximum of 3,000,000 Euros for Tranche A3, • the amount of Acquisition Subsequent Payment 3 up to a maximum of 3,000,000 Euros for Tranche A4.
Sample 1

Related to Term and conditions of Drawdown

  • General Terms and Conditions of the Debentures SECTION 2.1. Designation and Principal Amount............................... 3 SECTION 2.2. Maturity....................................................... 3 SECTION 2.3. Form and Payment............................................... 3 SECTION 2.4. Global Debenture............................................... 4 SECTION 2.5. Interest....................................................... 6

  • Terms and Conditions of the Offer The obligations of Purchaser to accept for payment, and pay for, any Shares validly tendered (and not validly withdrawn) pursuant to the Offer are subject only to the terms and conditions set forth in this Agreement, including the satisfaction of the Minimum Condition, the Termination Condition and the other conditions set forth in Annex I (collectively, the “Offer Conditions”). The Offer shall be made by means of an offer to purchase (the “Offer to Purchase”) that contains the Offer Conditions and the other terms set forth in this Agreement. Purchaser expressly reserves the right, to the extent permitted by applicable Legal Requirements, to (i) increase the Offer Price, (ii) waive any Offer Condition and (iii) make any other changes in the terms and conditions of the Offer not inconsistent with the terms of this Agreement; provided, however, notwithstanding anything to the contrary contained in this Agreement, without the prior written consent of the Company, Parent and Purchaser shall not (A) decrease the Offer Price (other than in a manner required by Section 1.1(g),) (B) change the form of consideration payable in the Offer, (C) decrease the maximum number of Shares sought to be purchased in the Offer, (D) impose conditions or requirements to the Offer in addition to the Offer Conditions, (E) amend, modify or waive the Minimum Condition, Termination Condition or the conditions set forth in clause (e) or (g) of Annex I, (F) otherwise amend or modify any of the other terms of the Offer in a manner that materially and adversely affects, or would reasonably be expected to materially and adversely affect, any holder of Shares in its capacity as such (provided that Purchaser expressly reserves the right but shall not be obligated to waive any of the Offer Conditions), (G) except as provided in Sections 1.1(c) or 1.1(d), terminate the Offer or accelerate, extend or otherwise change the Expiration Date or (H) provide any “subsequent offering period” (or any extension thereof) within the meaning of Rule 14d-11 promulgated under the Exchange Act. In accordance with Section 1.1(d), the Offer may not be withdrawn prior to the Expiration Date (or any rescheduled Expiration Date) of the Offer, unless this Agreement is terminated in accordance with Section 8.1.

  • Conditions of Loan Each loan to a Member under the Plan shall be repaid in level monthly amounts through regular payroll deductions after the effective date of the loan, and continuing thereafter with each payroll. Except as otherwise required by the Code and the IRS Regulations, each loan shall have a repayment period of not less than 12 months and not in excess of 60 months, unless the purpose of the loan is for the purchase of a primary residence, in which case the loan may be for not more than 180 months. After the first 3 monthly payments of the loan have been satisfied, the Member may pay the outstanding loan balance (including accrued interest from the due date). The rate of interest for the term of the loan will be established as of the loan date, and will be the Xxxxxx’x Prime Rate (base rate) plus 1% as published on the last Saturday of the preceding month, or such other rate as may be required by applicable law and determined by reference to the prevailing interest rate charged by commercial lenders under similar circumstances. The applicable rate would then be in effect through the last business day of the month. Repayment of all loans under the Plan shall be secured by 50% of the Member’s vested interest in his Account, determined as of the origination of such loan.

  • Conditions of Loans 6 3.1 Conditions Precedent to Initial Credit Extension.................... 6 3.2 Conditions Precedent to all Credit Extensions....................... 6

  • Conditions to the Initial Loans No Lender shall be obligated to make any Loan or incur any Letter of Credit Obligations on the Closing Date, or to take, fulfill, or perform any other action hereunder, until the following conditions have been satisfied or provided for in a manner satisfactory to Agent, or waived in writing by Agent and Lenders:

  • Conditions to Initial Loans The agreement of each Lender to make Loans hereunder and the effectiveness of this Agreement is subject to the satisfaction, prior to or on the Closing Date, of the following conditions precedent, which conditions precedent apply to and shall be satisfied by the Borrower:

  • General Terms and Conditions of the Notes Section 201.

  • Terms and Conditions of Option The Option evidenced by this Agreement is subject to the following terms and conditions, as well as the terms and conditions of Section 3 hereof.

  • Conditions to Initial Loan The obligation of each Bank to make its initial Loan hereunder is subject to the satisfaction of the following conditions precedent:

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