Financing Amount Sample Clauses
The Financing Amount clause defines the total sum of money that a lender agrees to provide to a borrower under a financing agreement. This clause typically specifies the maximum principal amount available, and may outline whether the funds are disbursed in a lump sum or in installments, as well as any conditions for accessing the funds. Its core practical function is to establish clear financial boundaries for both parties, ensuring mutual understanding of the funding limits and preventing disputes over the amount to be provided.
Financing Amount. The aggregate face amount of the Draft relating to the purchase of goods identified in each Request for Acceptance will not exceed the Cost of such goods. No financing, acceptance or otherwise, other than that provided under this Agreement has been or will be outstanding for such goods; and no Acceptance created hereunder shall finance the goods financed by an Acceptance created as part of another Acceptance hereunder or by a Revolving Loan hereunder.
Financing Amount. The Closing of the purchase of Securities by each Investor shall occur substantially concurrently and the Company shall have received the Financing Amount at Closing.
Financing Amount. The amount of the Financing shall be One Million Four Hundred Thousand and No/100 Dollars ($1,400,000.00) (the “Financing Amount”), which Lender shall wire transfer to Borrower in accordance with Sections 5 and 18, subject to the satisfaction of all conditions to Lender’s obligations to fund such amount contained in the Financing Documents.
Financing Amount. The Owner intends to request the issuance of the PID Bonds subject to the condition that the maximum cost of Authorized Improvements to be funded plus issuance and other financing costs shall not exceed $41,000,000. The amount may increase up to $60,000,000 with City Council approval due to cost increases in the Authorized Improvements.
Financing Amount. 27.1 Initial Maximum Financing Amount The Maximum Financing Amount shall be EUR 230,000,000 (two hundred thirty million Euros) at the effective date of the Agreement. After that date, the Maximum Financing Amount may be reduced according to the conditions set out in Clause 27.2.
Financing Amount. The maximum amount of financing under the Sale and Leaseback Master Agreement is determined according to the expected funding needs of the Lessee. Chengtong Financial Leasing may, at its discretion, decide whether to provide sale and leaseback services or unilaterally terminate, cancel or reduce the maximum amount of financing under the Sale and Leaseback Master Agreement. It is expected that the financing amount under the Sale and Leaseback Master Agreement will be satisfied by the general working capital of the Group. Lease method According to the Individual Sale and Leaseback Arrangement, Chengtong Financial Leasing will purchase the relevant Lease Assets from the Lessee at the Purchase Price mutually agreed in the Individual Sale and Leaseback Agreement, and the relevant Lease Assets will be leased back to the Lessee for such lease term and for such amount of lease payment as mutually agreed in the Individual Sale and Leaseback Agreement. The ownership of the relevant Leased Assets shall vest in Chengtong Financial Leasing during the lease term of the relevant Individual Sale and Leaseback Arrangement. Purchase Price The purchase price of the relevant Leased Assets under the Individual Sale and Leaseback Arrangement will be determined with reference to the net book value of the relevant Leased Assets. The total Purchase Price under all Individual Sale and Leaseback Arrangement with the Lessee shall not exceed the maximum financing amount stated in the Sale and Leaseback Master Agreement. It is expected that the Leased Assets are not revenue generating assets with identifiable income stream. Lease Payment With reference to the maximum financing amount under the Sale and Leaseback Master Agreement, the total amount of lease payment is estimated to be approximately RMB299.97 million (equivalent to approximately HK$317.97 million) which shall be payable by the Lessee to Chengtong Financial Leasing in eight (8) quarterly instalments during the lease term. The total amount of lease payment represents the sum of the lease principal amount (being the amount of Purchase Price to be paid by Chengtong Financial Leasing) and the lease interest which is estimated to be approximately RMB11.97 million (equivalent to approximately HK$12.69 million). Nominal price Upon the expiration of the lease term of the relevant Individual Sale and Leaseback arrangement and subject to the full payment of the relevant lease payments and all other amounts payable under the relevant ...
Financing Amount. The Company shall receive at Closing at least 80% of the Financing Amount, subject to any Ownership Reduction Elections set out in section 5.14.
Financing Amount. The amount of the Financing shall be Two Hundred Twenty Five Thousand and No/100 Dollars ($225,000.00) in the aggregate (the "Financing Amount") in three tranches evidenced by three separate Notes as follows: (i) $100,000.00 (the "First Tranche") to be provided on the initial Closing Date (the "First Tranche Date"), (ii) $67,000.00 to be provided 30 days following the First Tranche Date (the "Second Tranche Date") and (iii) the balance of $58,000.00 to be provided on or about October 1, 2018 or 30 days following the Second Tranche Date whichever is later (the "Third Tranche Date"). Lender shall deliver Financing Amount to Borrower in accordance with Sections 5 and 18 subject to the satisfaction of all conditions to Lender's obligations to fund such amount contained in the Financing Documents.
Financing Amount. The Company shall have received at Closing at least fifty percent (50%) of the Aggregate PIPE Purchase Price.