Amounts of Advances Sample Clauses

The 'Amounts of Advances' clause defines the maximum sums that can be borrowed or drawn under a loan or credit facility. It typically specifies the total limit available to the borrower, may outline sub-limits for different types of advances, and can set minimum or maximum amounts for individual drawdowns. For example, a clause might state that the borrower can request advances up to $10 million in total, with each advance being no less than $100,000. This clause ensures both parties are clear on the financial boundaries of the agreement, preventing misunderstandings and managing the lender's risk exposure.
Amounts of Advances. Each Advance which is an Alternate Base Borrowing shall be in an amount of $500,000.00 or a greater integral multiple of $100,000.00, and each Advance which is a Eurodollar Borrowing shall be in an amount of $1,000,000.00 or a greater integral multiple of $500,000.00. Subject to the terms and conditions in this Agreement, but not later than 10:00 a.m., San Francisco, California time, on the date specified, the Agent shall make available to Borrower, at Agent’s offices in San Francisco, California, the amount of a requested Advance under the Total Revolving Credit Commitment in immediately available funds.
View SourceView Similar (3)
Amounts of Advances. In no event shall any Advance exceed the full amount of Soft Costs and Proton System Costs theretofore paid or incurred by Borrower through the date of the Draw Request for such Advance minus the aggregate amount of any Advances previously made by the Lenders. In no event shall any Advance, except the final Advance, be for an amount which is less than $250,000.
View SourceView Similar (2)
Amounts of Advances. In no event shall any Advance exceed the full amount of Project Costs theretofore paid or incurred by Borrower through the date of the Draw Request for such Advance minus (i) the aggregate applicable Retainage to the extent not previously released pursuant to clause (ii) below and (ii) the aggregate amount of any Advances previously made by the Lenders. In no event shall any Advance, except the final Advance, be for an amount which is less than $250,000.
View SourceView Similar (2)
Amounts of Advances. 18 SECTION 2.2 Borrowing Procedures. . . . . . . . . . . . . . . . . . . 18 SECTION 2.3 Reduction of the Revolving Commitments. . . . . . . . . . 22 SECTION 2.4 Repayment . . . . . . . . . . . . . . . . . . . . . . . . 22 SECTION 2.5 Prepayments . . . . . . . . . . . . . . . . . . . . . . . 23 SECTION 2.6 Interest. . . . . . . . . . . . . . . . . . . . . . . . . 24 SECTION 2.7 Fees. . . . . . . . . . . . . . . . . . . . . . . . . . . 26 SECTION 2.8 Increased Costs and Capital Requirements. . . . . . . . . 27 SECTION 2.9
View Source
Amounts of Advances. The amount of an Advance during an Interest Period relating thereto (in determining which it shall be assumed that any part of such Advance falling to be repaid on or before the last day of the preceding Interest Period, if any, relating thereto is duly repaid) shall be: 4.3.1 the Dollar Amount of such Advance if such Advance is to be denominated in dollars during such Interest Period; or 4.3.2 if such Advance is to be denominated in an Optional Currency, the amount of such Optional Currency which could be purchased with the Dollar Amount of such Advance at the spot rate of exchange quoted by the Bank at or about 11.00 a.m. on the third Business Day preceding the first day of such Interest Period for the purchase of such Optional Currency with dollars.
View Source
Amounts of Advances. So long as no Event of Default or Incipient Default exists, Lender shall, on the terms and conditions set forth below, make Construction Advances to Borrower of up to Three Million Seven Hundred Ninety-four Thousand Six Hundred Thirty-six and 08/100 Dollars ($3,794,636.08) to pay a portion of Borrower's Direct Costs and Indirect Costs incurred in connection with the completion of the Construction Work. The Construction Advances shall be made by Lender in accordance with the terms and conditions of SECTION 6.2.
View Source
Amounts of Advances. Each Borrowing shall be in an aggregate amount of not less than US$5,000,000 or CD$5,000,000 or an integral multiple of US$1,000,000 or CD$1,000,000 in excess thereof (except that a lesser amount may be drawn in order to fully utilize the Total Term Loan Commitment or the Total Bridge Loan Commitment, as applicable), and shall consist of Advances of the same Type made on the same day by the Lenders rateably according to their respective Pro Rata Shares of the Term Loan Facility or the Bridge Loan Facility, as applicable.
View Source
Amounts of Advances. The amount of a Term Advance during an Interest Period relating thereto (in determining which it shall be assumed that any part of such Term Advance falling to be repaid on or before the last day of the preceding Interest Period, if any, relating thereto is duly repaid) shall be: 4.3.1 the Guilder Amount of such Term Advance if such Term Advance is to be denominated in Guilders during such Interest Period; or 4.3.2 if such Term Advance is to be denominated in an Optional Currency, the amount of such Optional Currency which could be purchased with the Guilder Amount of such Term Advance at the spot rate of exchange quoted by the Facility Agent at or about 11.00 a.m. on the third business day preceding the first day of such Interest Period for the purchase of such Optional Currency with Guilders, provided that if a Term Advance is to be denominated in the same Optional Currency during two successive Interest Periods and the amount of such Term Advance, calculated in accordance with sub-clause 4.3.2, is no more than 10 per cent. higher or lower than its Existing Amount, its New Amount shall be its Existing Amount.
View Source
Amounts of Advances. 7.1 The amount of an Advance during an Interest Period relating thereto (in determining which it shall be assumed that any part of such Advance falling to be repaid on or before the last day of the preceding Interest Period relating thereto is duly repaid) shall be the Sterling Amount of such Advance during such Interest Period or, if such Advance is to be denominated in an Optional Currency during such Interest Period, the amount of such Optional Currency which could be purchased with the Sterling Amount of such Advance at the spot rate of exchange quoted to the Lender at 11.00 a.m. on the Quotation Date for such Interest Period for the purchase of such Optional Currency with Sterling (in an amount equal to the original Sterling Amount of such Advance) for delivery two business days thereafter.
View Source

Related to Amounts of Advances

  • Prepayments of Advances (a) Any Borrower may, upon at least two (2) Business Days’ notice to the Agent stating (i) the proposed date and aggregate principal amount of the prepayment and (ii) the Advances (which shall be part of the same Borrowing) to which such prepayment is to be applied, and if such notice is given such Borrower shall, prepay the outstanding principal amounts of the Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in an aggregate principal Dollar Amount of not less than $10,000,000 and in an integral Dollar Amount multiple of $1,000,000 in excess thereof and (y) in the case of any such prepayment of a Eurocurrency Rate Advance or a TIBO Rate Advance, such Borrower shall be obligated to reimburse the applicable Banks in respect thereof pursuant to Section 8.04(b). (b) If on any date that the Dollar Amount of (i) Eurocurrency Rate Advances outstanding in an Agreed Currency, (ii) Local Currency Advances or (iii) Japan Local Currency Advances, is determined pursuant to Section 2.15 (each such date, a “Computation Date”), it is determined that as a result of currency fluctuations with respect to the Advances to which such Computation Date applies, the aggregate Dollar Amount of (x) all outstanding Advances exceeds the Total Commitment, or (y) all outstanding Revolving Credit Obligations exceeds the Total Revolving Credit Commitment, the Borrowers shall on such date prepay (without premium or penalty other than any payment required pursuant to Section 8.04(b)) an aggregate principal amount of Revolving Credit Advances (or Term Loan Advances, if applicable) ratably to the Banks in an amount equal to or, at the option of the Borrowers, greater than such excess, with accrued interest to the date of such prepayment on the principal amount prepaid. For purposes of the determination referred to in the previous sentence, if a Disqualifying Event of the type described in clause (ii) of the definition of “Eligible Currency” exists, then such determination shall be made in consultation with Bank of America and JPMorgan using any method they deem reasonably appropriate, and such determination shall be conclusive. The Borrowers may determine which Borrowing such prepayment shall be allocated to, and any such prepayment of Eurocurrency Rate Advances shall be subject to the provisions of Section 8.04(b).

  • Types of Advances The Advances may be Floating Rate Advances or Eurodollar Advances, or a combination thereof, selected by the Borrower in accordance with Sections 2.8 and 2.9.

  • Repayment of Advances If the identity of the Servicer shall change, the predecessor Servicer shall be entitled to receive reimbursement for outstanding and unreimbursed Simple Interest Advances made pursuant to Section 4.4 by the predecessor Servicer.

  • Prepayment of Advances No Borrower shall have the right to prepay any principal amount of any Advances other than as provided in this Section 2.07.

  • Optional Prepayments of Advances The Borrower may, upon at least two Business Days’ notice, in the case of Eurodollar Rate Advances, and upon notice not later than 11:00 A.M. (New York City time) on the date of prepayment, in the case of Base Rate Advances, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, if such notice is given, the Borrower shall prepay the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in a minimum amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).