Blocked Amounts Sample Clauses

Blocked Amounts. The Borrower shall have furnished the Administrative Agent reasonably detailed calculations of the Blocked Amount on the Initial Borrowing Date (after giving effect to the consummation of the Exchange Offer and the payments to be made in connection therewith), showing the allocation thereof to the Bridge Loan Blocked Amount, the B-1 Blocked Amount and the B-2 Blocked Amount, and shall certify that each of the Total B-1 Term Loan Commitment (after the reductions thereto on the Initial Borrowing Date), the Total B-2 Term Loan Commitment (after the reductions thereto on the Initial Borrowing Date) and the unutilized commitments under the Bridge Loan Agreement (after giving effect to any reductions thereto on the Initial Borrowing Date) shall equal or exceed the B-1 Blocked Amount, the B-2 Blocked Amount and the Bridge Loan Blocked Amount, as the case may be.
View SourceView Similar (4)
Blocked Amounts. If the respective Credit Event is to occur before the Merger Closing Date, the Borrower shall have furnished the Administrative Agent reasonably detailed calculations of the Blocked Amount on such date (after giving effect to any Credit Events and extensions of credit under the First Lien Credit Agreement, and the payments to be made with the proceeds thereof on such date), showing the allocation thereof to the Bridge Loan Blocked Amount, the B-1 Blocked Amount and the B-2 Blocked Amount, and shall certify that the Commitments (after any reductions thereto on such date) and the unutilized commitments under the First Lien Credit Agreement after giving effect to any reductions thereto on such date shall equal or exceed the Bridge Loan Blocked Amount, the B-1 Blocked Amount or the B-2 Blocked Amount, as the case may be. The acceptance of the benefits of each Credit Event shall constitute a representation and warranty by Holdings and the Borrower to the Administrative Agent and each of the Lenders that all the conditions specified in Section 6 (with respect to Credit Events on the Initial Borrowing Date) and in this Section 7 (with respect to Credit Events after the Initial Borrowing Date and applicable to such Credit Event are satisfied as of that time. All of the Notes, certificates, legal opinions and other documents and papers referred to in Section 6 and in this Section 7, unless otherwise specified, shall be delivered to the Administrative Agent at the Notice Office for the account of each of the Lenders and, except for the Notes, in sufficient counterparts or copies for each of the Lenders and shall be in form and substance reasonably satisfactory to the Administrative Agent. Upon the Administrative Agent’s good faith determination that the conditions specified in this Section 6 or 7, as the case may be, have been met, then the Credit Events requested at that time shall occur, regardless of any subsequent determination that one or more of the conditions thereto had not been met (although the occurrence of the respective Credit Event shall not release Holdings or the Borrower from any liability for failure to satisfy one or more of the applicable conditions contained in Section 6 or 7, as the case may be).
View SourceView Similar (2)
Blocked Amounts. The Borrower shall have furnished the Administrative Agent reasonably detailed calculations of the Blocked Amount on the Initial Borrowing Date (after giving effect to the consummation of the Exchange Offer and the payments to be made in connection therewith), showing the allocation thereof to the Bridge Loan Blocked Amount, the B-1 Blocked Amount and the B-2 Blocked Amount, and shall certify that the Total Commitment (after the reductions thereto on the Initial Borrowing Date) and the unutilized commitments under the First Lien Credit Agreement (after giving effect to any reductions thereto on the Initial Borrowing Date) shall equal or exceed the Bridge Loan Blocked Amount, the B-1 Blocked Amount or the B-2 Blocked Amount, as the case may be.
View SourceView Similar (2)

Related to Blocked Amounts

  • Blocked Accounts Agent shall have received duly executed agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable to Agent for the collection or servicing of the Receivables and proceeds of the Collateral;

  • Excluded Amounts With the prior written consent of the Administrative Agent, the Collateral Manager may direct the Collateral Agent and the Securities Intermediary to withdraw from the Collection Account and pay to the Person entitled thereto any amounts credited thereto constituting Excluded Amounts if the Collateral Manager has, prior to such withdrawal and consent, delivered to the Administrative Agent, the Collateral Agent, the Borrower and each Lender a report setting forth the calculation of such Excluded Amounts in form and substance reasonably satisfactory to the Administrative Agent and each Lender.

  • Deposit Account Transactions (a) The Bank or its Subcustodians will make payments from the Deposit Account upon receipt of Instructions which include all information required by the Bank. (b) In the event that any payment to be made under this Section 5 exceeds the funds available in the Deposit Account, the Bank, in its discretion, may advance the Customer such excess amount which shall be deemed a loan payable on demand, bearing interest at the rate customarily charged by the Bank on similar loans. (c) If the Bank credits the Deposit Account on a payable date, or at any time prior to actual collection and reconciliation to the Deposit Account, with interest, dividends, redemptions or any other amount due, the Customer will promptly return any such amount upon oral or written notification: (i) that such amount has not been received in the ordinary course of business or (ii) that such amount was incorrectly credited. If the Customer does not promptly return any amount upon such notification, the Bank shall be entitled, upon oral or written notification to the Customer, to reverse such credit by debiting the Deposit Account for the amount previously credited. The Bank or its Subcustodian shall have no duty or obligation to institute legal proceedings, file a claim or a proof of claim in any insolvency proceeding or take any other action with respect to the collection of such amount, but may act for the Customer upon Instructions after consultation with the Customer.

  • Deposit Account Payments Subsection (b) is amended to read as follows:

  • Blocked Payments In the event that, by reason of applicable Law in any country, it becomes impossible or illegal for the paying Party (or any other Selling Party) to transfer, or have transferred on its behalf, payments owed the other Party hereunder, the paying Party will promptly notify the other Party of the conditions preventing such transfer and such payments will be deposited in local currency in the relevant country to the credit of the other Party in a recognized banking institution designated by the other Party or, if none is designated by the other Party within a period of [***] days, in a recognized banking institution selected by the paying Party or another Selling Party, as the case may be, and identified in a written notice given to the other Party.