Agreement to Make Advances. Subject to the limitations set forth herein and the following limitations set forth in Section 5.2 of the Receivables Purchase Agreement: (a) this ARSC Subordinated Note has been duly executed and delivered by ARSC and is in full force and effect, (b) no Event of Bankruptcy has occurred and is continuing with respect to ARSC and (c) after giving effect to the ARSC Subordinated Loan, the aggregate outstanding principal amount of this ARSC Subordinated Note does not exceed the ARSC Subordinated Note Cap, CMSC irrevocably agrees to make each ARSC Subordinated Loan requested by ARSC on or prior to the Termination Date for the sole purpose of purchasing ARSC Purchased Assets under the Receivables Purchase Agreement.
Agreement to Make Advances. Subject to the terms and conditions of this Agreement and following the infusion of the Required Equity Funds from the Borrower into the Project, the Lender agrees to lend to the Borrower and the Borrower shall borrow from time to time between the Closing Date and the Termination Date upon submission by the Borrower of a Draw Request in accordance with Section 3.01, such amounts as are requested by the Borrower up to a maximum aggregate principal amount equal to the Construction Loan Amount to pay for Project Costs actually incurred by the Borrower and reflected in the Project Budget as being funded by the Construction Loan. Each Draw Request for an Advance hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in Section 12.00, in the case of the initial Advance, and Section 13.00, in the case of all other Advances, have been satisfied on the date of such Draw Request.
Agreement to Make Advances. Subject to the terms and conditions of this Agreement, the Lender agrees to lend to the Borrower and the Borrower may borrow from time to time between the Closing Date and the Termination Date, such amounts as are requested by the Borrower up to a maximum aggregate principal amount equal to the Loan Amount to pay for Project Costs actually incurred by the Borrower and reflected in the Project Budget as being funded by the Loan.
Agreement to Make Advances. Subject to the conditions and upon the terms herein provided, including, without limitation, that the Unit Budget not be exceeded, Owner agrees to make available to Agent advances from time to time for each Unit up to an aggregate principal amount for such Unit determined in accordance with the Unit Budget for such Unit and not in excess of the maximum amount per Unit set forth in subsection 2.2 hereof. Subject to the terms of this Agreement, Owner agrees to make (a) an Initial Advance with respect to a Unit in accordance with Section 4 of this Agreement, (b) Interim Advances from time to time in accordance with Section 5 of this Agreement, (c) a Final Advance in accordance with Section 6 of this Agreement and (d) Completion Advances in accordance with Section 7 of this Agreement.
Agreement to Make Advances. Subject to the terms and conditions set forth herein, the Xxxxxx agrees to make Advances to Denver Water from time to time on any Business Day during the Availability Period. The Total Outstanding Amount of Loans at any time shall never exceed the amount of the Commitment. Within the limits of the Commitment, and subject to the other terms and conditions hereof, Denver Water may borrow under this Section 2.01, repay such amounts under Section 2.06 and re-borrow such amounts under this Section 2.01.
Agreement to Make Advances. Subject to the terms and conditions of this Agreement, the Lenders, each to their respective Commitment, agree to lend to Borrower and Borrower may borrow, prepay and reborrow from time to time after the Effective Date and upon submission by Borrower of a Draw Request in accordance with Section 3.1, such amounts as are requested by Borrower to pay for Project Costs actually incurred by Borrower and reflected in and with respect to the Project Budgets as being funded by the Loan, provided that the sum of the Outstanding Advances (after giving effect to all amounts requested) shall not at any time exceed the lesser of (i) the Loan Amount or (ii) the Borrowing Base; provided, however, that Advances will be funded in the following sequence subject to such overall limitations:
Agreement to Make Advances. Subject to the terms and conditions of this Agreement, each of the Banks severally agrees to lend to the Borrower and the Borrower may borrow from time to time between the Closing Date and the Termination Date upon submission by the Borrower of a Draw Request in accordance with Section 3.1, such amounts as are requested by the Borrower up to a maximum aggregate principal amount equal to such Bank's Commitment Percentage of the Loan Amount to pay for Project Costs actually incurred by the Borrower and reflected in the Project Budget as being funded by the Loan; provided, however, that in no event shall the maximum aggregate principal amount outstanding exceed such Bank's Commitment. The Advances shall be made pro rata in accordance with each Bank's Commitment Percentage. Each Draw Request for an Advance hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in Section 11, in the case of the initial Advance, Section 12, in the case of all other Advances, and Section 12.6, in the case of the Advance of any Retainage withheld pursuant to Section 2.3, have been satisfied on the date of such Draw Request. No Bank shall have any obligation to make Advances to the Borrower in the maximum aggregate principal amount outstanding of more than the principal face amount of its Note.
Agreement to Make Advances. Subject to the conditions and upon the terms herein provided, including, without limitation, that the Available Commitment not be exceeded and that all advances be within the Budget for a Property, Brazos agrees to make available to Lessee advances for each Property up to an aggregate principal amount determined with respect to that Property in accordance with SECTION 3.3 hereof. Subject to the terms of this Agreement, Brazos agrees to make (a) an Initial Advance in accordance with the Initial Advance Certificate at the time (i) Brazos' fee interest in a Property is acquired, Brazos approves and executes a Mortgageable Ground Lease for a Property or an Acquired Ground Lease included in SCHEDULE 4.13 attached hereto or as otherwise approved by Brazos for a Property, or within thirty (30) days, or such other period of time as may be agreed upon by Brazos and Lessee, of the advance of funds by Lessee for the purchase of Property in the name of Brazos to the extent permitted by SECTION 2.4(c), and (ii) the conditions in ARTICLE VI are satisfied, (b) a Reconciliation Advance in accordance with the Reconciliation Certificate at the time the conditions in ARTICLE VII are satisfied and (c) an Additional Advance in accordance with the Additional Advance Certificate at the time (i) Brazos' fee interest in Additional Property is acquired or Brazos approves and executes a Mortgageable Ground Lease for Additional Property and (ii) the conditions in ARTICLE VI are satisfied.
Agreement to Make Advances. Subject to the terms and conditions set forth in this Agreement, each of the Banks severally agrees to lend to the Borrower (the "Loans"), and the Borrower may borrow on the Closing Date upon submission by the Borrower to the Agent of a Loan Request given in accordance with Section 2.5, up to a maximum aggregate principal amount equal to such Bank's Commitment Percentage of such Loan to pay for the purchase of the Original Loan Documents by Agent; provided, that, in all events no Default or Event of Default shall have occurred and be continuing; and provided, further that the Outstanding Loans (after giving effect to all amounts requested) shall not at anytime exceed the Total Commitment. The Loans shall be made pro rata in accordance with each Bank's Commitment Percentage. Each Loan Request hereunder shall constitute a representation and warranty by the Borrower that all of the conditions set forth in Section 10 and Section 11, in the case of the initial Loan, and Section 11, in the case of all other Loans, have been satisfied on the date of such request. Once repaid, sums hereunder may not be reborrowed. There shall only be a single advance of the Loan.
Agreement to Make Advances. Subject to the terms and conditions of this Agreement and the other Loan Documents and relying upon the representations and warranties contained in this Agreement and the other Loan Documents, after application of Borrower's Required Equity amounts, the Lender agrees to lend to the Borrower and the Borrower agrees to borrow such amounts as are requested by the Borrower up to a maximum aggregate principal amount equal to the Loan Amount to pay for the acquisition (the "Acquisition") of the Site and Improvements and the Project Costs for the Renovation Project actually incurred by the Borrower and set forth in the Renovation Project Budget approved by Lender. The initial Advance under the Loan for the Acquisition is not to exceed $24,000,000 with the balance of Borrower's Acquisition Costs being paid by Borrower as part of Borrower's Required Equity.
