Advances by Bank Sample Clauses

Advances by Bank. The Bank may, in its sole discretion, advance ---------------- funds on behalf of a Master Portfolio to make any payment permitted by this Agreement upon receipt of any proper authorization required by this Agreement for such payments. Should such a payment or payments, with advanced funds, result in an overdraft (due to insufficiencies of a Master Portfolio's account with the Bank, or for any other reason) this Agreement deems any such overdraft or related indebtedness, a loan made by the Bank to the Master Portfolio payable on demand and bearing interest at the current rate charged by the Bank for such loans unless the Master Portfolio shall provide the Bank with agreed upon compensating balances. The Trust agrees that the Bank shall have a continuing lien and security interest to the extent of any overdraft or indebtedness, in and to any property at any time held by it for a Master Portfolio's benefit or in which the Master Portfolio has an interest and which is then in the Bank's possession or control (or in the possession or control of any third party acting on the Bank's behalf). The Trust authorizes the Bank, in its sole discretion, at any time to charge any overdraft or indebtedness, together with interest due thereon against any balance of account standing to the credit of a Master Portfolio on the Bank's books.

Advances by Bank. The Bank may, in its sole discretion, advance funds on behalf of the Fund, or any series of the Fund, to make any payment permitted by this Agreement upon receipt of any proper authorization required by this Agreement for such payments by the Fund or any series of the Fund. Should such a payment or payments, with advanced funds, result in an overdraft (due to insufficiencies of the Fund's or, if applicable, any series' of the Fund account with the Bank) or for any other reason, this Agreement deems any such or related indebtedness, a loan made by the Bank to the Fund (or if the overdraft relates to a series of the Fund, such series) payable on demand and bearing interest at the rate set forth in writing by the Bank concurrently herewith (as amended from time to time) unless the Fund (or, if applicable, the Fund on behalf of the series) shall provide the Bank with agreed upon compensating balances. The Fund agrees that the Bank shall have a continuing lien and security interest on the assets of the Fund (or, if the overdraft is on behalf of a series of the Fund, the assets of such series) to the extent of any overdraft, provided that in no event shall the amount of such lien exceed the lesser of (i) the amount of such overdraft or (ii) 10% of the Fund's gross assets (or if the overdraft is on behalf of a series of the Fund, such series' gross assets) on the date of such overdraft, and provided further that to the extent consistent with the foregoing, the Bank will comply with any Proper Instructions indicating which Portfolio securities and/or which account of the Fund (or if the overdraft is on behalf of a series of the Fund, which Portfolio securities and/or which account of the series) shall be subject to such lien. If such overdraft is not repaid within a reasonable period of time, the Bank shall have the right to exercise any rights it may have as a lien holder or secured party.

Advances by Bank. Termination.........................................................

Advances by Bank. The Bank may, in its sole discretion, advance funds on behalf of the Fund to make any payment permitted by this Agreement upon receipt of Proper Instructions as required by this Agreement for such payments by the Fund. Should such a payment or payments, with advanced funds, result in an overdraft (due to insufficiencies of the Fund's account with the Bank, or for any other reason) any such related indebtedness shall be deemed a loan made by the Bank to the Fund payable on demand and bearing interest at the current rate charged by the Bank for such loans unless the Fund shall provide the Bank with agreed-upon compensating balances. The Fund authorizes the Bank, in its sole discretion, at any time to charge any overdraft or indebtedness, together with interest due thereon, against any balance of account standing to the credit of the Fund on the Bank's books.

Advances by Bank. 25 14. Termination.....................................................25 15. Confidentiality.................................................26 16. Notices.........................................................26

Advances by Bank. The Bank may, in its sole discretion, advance funds on behalf of any Portfolio of the Trust to make any payment permitted by this Agreement upon receipt of any Proper Instructions from the Portfolio authorizing such payments. Should such a payment or payments, with advanced funds, result in an overdraft (due to insufficiencies of the Portfolio's account with the Bank, or for any other reason) any such overdraft or related indebtedness shall be deemed a loan made by the Bank to the Portfolio payable on demand and bearing interest at the current rate charged by the Bank for such loans unless the Portfolio shall provide the Bank with agreed upon compensating balances. The Portfolio agrees that the Bank shall have a continuing lien and security interest to the extent of any overdraft or indebtedness, in and to any property at any time held by it for the Portfolio's benefit or in which the Portfolio has an interest and which is then in the Bank's possession or control (or in the possession or control of any third party acting on the Bank's behalf). The Portfolio authorizes the Bank, in its sole discretion, at any time to charge any overdraft of indebtedness, together with interest due thereon against any balance of account standing to the credit of the Portfolio on the Bank's books.

Advances by Bank. In the event the Borrower shall fail to maintain, or cause to be maintained, (i) the full insurance coverage required pursuant to Section 4.3 or (ii) the Project Site in good repair and good operating condition, the Bank may (but shall be under no obligation to), after 10 days' written notice to the Borrower and the Issuer and the failure of the Borrower to obtain the required insurance or to commence (and complete with due diligence) the making of the required repairs, renewals and replacements, contract for the required policies of insurance and pay the premiums on the same or make any required repairs, renewals and replacements; and the Borrower agrees to reimburse the Bank to the extent of the amounts so advanced with interest thereon at a rate per annum equal to the Prime Rate plus two (2) percentage points, or the maximum rate permitted by law, whichever is lower, from the date of advance to the date of reimbursement. Any amounts so advanced by the Bank shall become an additional obligation of the Borrower secured by the Guaranty.

Advances by Bank. 16 14.7 Property of the Fund and Confidentiality..........17 14.8 Relief............................................18

Advances by Bank. Pledgor shall reimburse the Bank for all reasonable advances made by the Bank in performing any actions on behalf of the Pledgor pursuant to this Pledge Agreement, including, without limitation, all amounts paid by the Bank (a) to discharge taxes, levies, liens and/or security interests against the Pledged Shares, and/or (b) in connection with the exercise by the Bank of its rights and remedies hereunder. All such advances made by the Bank shall bear interest at the rate set forth in the Note as applicable to overdue principal and/or accrued interest on the Note, and all such advances and all interest thereon shall be secured by this Pledge Agreement with the same priority as the Note, to the fullest extent permitted by applicable law, and shall be due and payable in full to the Bank upon demand by the Bank at any time in its sole and absolute discretion.