Interim Loans. 29 7.6. Internal Revenue Code Section 704(b) Book Allocations for Tax Purposes.......................................... 30 7.7.
Interim Loans. Distributions under this Section 7.5 may be made, as provided herein, to both Partners of an Affiliated Partner Group at any time. Each Affiliated Partner Group shall be entitled to receive distributions hereunder not more than once during each calendar quarter provided additional distributions can be made with the consent of the General Partner of the other Affiliated Partner Group, which consent shall be granted or withheld in the sole discretion of such other General Partner. Any time the Partnership's cash (excluding cash in the capital fund and any other cash held for a specific project) is greater than the Cash Balance Amount, by written notice to the Partnership both Partners of an Affiliated Partner Group shall be entitled to borrow from the Partnership and the Partnership shall promptly advance to such Partners, their respective Participation Percentages of the Partnership's cash in excess of the Cash Balance Amount. The "Cash Balance Amount" shall initially be $20 million, which amount may be changed from time to time by Unanimous Partnership Governance Committee Action. Any advance hereunder shall (subject to Section 12.11) bear interest at the same rate payable by the Partnership on its working capital facility or if the Partnership has no such facility then at the Agreed Rate. Any advance hereunder shall be repaid by withholding from all distributions otherwise payable to the Partner the amount of the advance plus interest thereon. Amounts withheld shall first be applied to interest and thereafter to principal. Each loan shall have a term of 90 days so that if the amount of the loan plus interest thereon is not repaid from distributions otherwise payable to the Partner within 90 days of the loan, then the Partner shall be required to repay the loan with other funds.
Interim Loans. Subject to the terms and conditions hereof, and relying on the representations, covenants, and warranties of the Borrower contained herein, Lender agrees to make Interim Loans to the Borrower and to advance to the Borrower monies so lent in a non-revolving line of credit of up to TWENTY FIVE MILLION DOLLARS ($25,000,000.00) to finance part of the Total Project Costs from time to time during the period commencing on the date of this Agreement to and including the Completion Date.
Interim Loans. Subject to the terms and conditions hereof, each Lender severally agrees to make an interim loan in Dollars (an “Interim Loan”) to the Borrower on the Closing Date in an amount not to exceed the amount of the Interim Loan Exposure of such Lender. The Interim Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 3.2. The Interim Loan Commitments shall expire at 5:00 p.m. on the Closing Date. Amounts borrowed under this Section 2.1 and repaid or prepaid may not be reborrowed.
Interim Loans. The Initial Interim Loan and any other loan or line of credit having a maturity date not later than one year from the initial advance thereunder (or such longer term as the Agent may approve in its sole discretion), made by the Borrower to a Mortgage Loan Obligor to provide interim financing pending the issuance and sale of Bonds by such Mortgage Loan Obligor, which loan or line of credit is to be repaid and retired with net proceeds from the sale of such Bonds and which is secured by a First Mortgage Indenture (or, in the case of the Initial Interim Loan, which is secured by the pledge of Bonds registered in the name of the Mortgage Loan Obligor and issued under an indenture secured by a first priority Mortgage for the benefit of all holders of Bonds issued under such indenture).
Interim Loans. Subject to the terms and conditions set forth herein, each Lender agrees severally, and not jointly, to make senior interim bridge loans to the Borrower in Dollars in an amount not to exceed its Commitment on the Funding Date; provided that (i) all such Interim Loans shall be incurred by the Borrower pursuant to one drawing on the Funding Date and (ii) any Interim Loan that is repaid may not be reborrowed.
Interim Loans. To the extent that any of the Group Companies is in need of liquidity as a result of the termination of the Cash Management prior to Closing, Sellers shall ensure that interim loans or interim deposits at arm’s length terms are provided to such Group Companies by other Group Companies, or third parties or Sellers’ Affiliates (in each case, in accordance with the terms of this Agreement).
Interim Loans. Upon execution of this Agreement, the Company shall loan to LVA $50,000 under the terms of a Security Agreement and Promissory Note attached hereto as Exhibit 7.01. On or before March 1, 1998 the Company and/or its President, Jehu Hand, will apply for and/or guarantee a loan from an outside party in the amount of $100,000 to LVA.
Interim Loans. Explore agrees to make loan advances to XXXX.XXX during the period from the date of this Agreement to the Closing Date from the proceeds of the private placement contemplated in Section 7.03(5) of this Agreement on the following terms and subject to the following conditions:
Interim Loans. (a) Subject to Clause 4.1, the obligations of each Interim Lender to participate in an Interim Loan during the Availability Period are only subject to the conditions precedent that on the date of the Utilisation Request and on the proposed Utilisation Date:
