Additional Loan Amount definition
Examples of Additional Loan Amount in a sentence
The Additional Loan Amount shall be primarily used by the Company for the maintenance and development of the Two Medicine Cut Bank Sand Unit in Pondera and Glacier Counties, Montana.
The balance of the Additional Loan Amount shall be funded into a Project Costs reserve subaccount (the “Project Costs Reserve Account”) established pursuant to the Reserve Account Pledge Agreement.
Subject to the terms and conditions of this Agreement, and in consideration for CEPI advancing the Additional Loan Amount in accordance with Section 3.1(a), CEPI shall have the option (the “Option”), exercisable in its sole discretion as set forth below, to require Dynavax to use commercially reasonable efforts to have manufactured an additional [***] kg of Dynavax Material (the “Additional Reserved Material”) for release during [***].
In lieu of disbursing the funds in the Interest Reserve Account to Borrower for payment of debt service, Lender may handle such disbursement and payment of debt service costs accrued under the Loan and the Additional Loan Amount by causing such amount to be disbursed to Lender, making appropriate entries on the books and records of Lender, and furnishing to Borrower a statement summarizing such entries.
Notwithstanding anything to the contrary in the Loan Documents, except for partial prepayments in connection with (i) the sale of Units and/or (ii) the granting of parking licenses and other similar licenses, including Storage Bin Licenses relating to the use of amenities now or hereafter provided at the Property, in the manner provided in the Loan Agreement, prior to the Maturity Date, Borrower shall not be permitted to prepay (in whole or in part) or satisfy the terms of the Additional Loan Amount.