INITIAL ISSUANCE AND INCREASES Clause Samples

The "Initial Issuance and Increases" clause defines the terms under which an initial amount of securities, loans, or credit is provided, as well as the conditions for increasing that amount in the future. Typically, this clause outlines the process for the original issuance, such as the amount, timing, and any requirements for documentation or approvals, and then specifies how and when additional amounts can be issued or drawn, often subject to certain conditions or limits. Its core practical function is to provide a clear framework for both the initial and subsequent issuances, ensuring all parties understand how increases can occur and under what circumstances, thereby reducing uncertainty and potential disputes.
INITIAL ISSUANCE AND INCREASES. AND DECREASES OF SERIES 1997-1 INVESTED AMOUNT OF SERIES 1997-1 NOTES Section 4.1 Issuance in Definitive Form...................................................6 Section 4.2 Procedure for Increasing the Invested Amount..................................7 Section 4.3 Decreases.....................................................................8
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INITIAL ISSUANCE AND INCREASES. DECREASES AND LKE DECREASES OF PRINCIPAL AMOUNT OF SERIES 1999-1 NOTES Section 2.1 Procedure for Increasing the Series 1999-1 Invested Amount. (a) Subject to satisfaction of the conditions precedent set forth in subsection (b) of this Section 2.1, (i) on the Series 1999-1 Closing Date, the Issuer may issue Series 1999-1 Notes in the initial principal amount equal to the Series 1999-1 Initial Invested Amount and (ii) on any Business Day during the Series 1999-1 Revolving Period, the Issuer may increase the Series 1999-1 Invested Amount (each such increase referred to herein as an “Increase”), in each case in order, (x) upon request by a Lessee (or the Servicer, on its behalf), to acquire Eligible Vehicles or refinance Eligible Vehicles then owned by the Issuer, in each case, for leasing under the Lease or to finance or refinance Eligible Receivables hereunder or (y) to allow the Issuer or its General Partner to declare and pay distributions out of earnings or capital surplus computed in accordance with GAAP applied on a consistent basis. The Issuer may effect an Increase, upon receipt of confirmation from ARG of the availability of funds under the ARG Indenture in an amount equal to such Increase, by issuing, at par, additional principal amounts of the Series 1999-1 Notes. Proceeds from the initial issuance of the Series 1999-1 Notes and from any Increase shall be deposited into the Series 1999-1 Collection Account and allocated in accordance with Article III hereof. Upon each Increase, the Trustee shall, or shall cause the Registrar to, indicate in the Note Register such Increase. (b) The initial Series 1999-1 Notes will be issued on the Series 1999-1 Closing Date and the Series 1999-1 Invested Amount may be increased on any Business Day during the Series 1999-1 Revolving Period, in each case pursuant to subsection (a) above, only upon satisfaction of each of the following conditions (as evidenced by an Officer’s Certificate delivered by the Issuer to the Trustee, which Officer’s Certificate shall certify whether such initial issuance or increase will be used for the purposes specified in subsection (a)(x) above or for the purposes specified in subsection (a)(y) above) with respect to such initial issuance and each proposed Increase: (i) the amount of such issuance or Increase shall be equal to or greater than $100,000; (ii) after giving effect to such issuance or Increase, the Series 1999-1 Invested Amount shall not exceed the Series 1999-1 Maximum Invest...
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INITIAL ISSUANCE AND INCREASES. AND DECREASES OF SERIES 1998-1 INVESTED AMOUNT OF SERIES 1998-1 NOTES Section 4A.1 Issuance in Definitive Form. Pursuant to Section 2.19 of the Base Indenture, upon request by the Note Purchaser, the Issuer hereby consents to the issuance of the Series 1998-1 Notes in the form of Definitive Notes. The Series 1998-1 Notes shall initially be sold to investors in reliance on an exemption from the registration requirements of the Securities Act, and shall be issued in the form of one or more Definitive Notes, in fully registered form without interest coupons, substantially in the form attached hereto as Exhibit A, with such legends as may be applicable thereto, duly executed by the Issuer and authenticated by the Trustee as provided in Section 2.4 of the Base Indenture, in an aggregate stated principal amount of up to $615,000,000 (the "Series 1998-1 Maximum Invested Amount"). The aggregate principal amount of the Series 1998-1 Notes outstanding may not exceed such amounts.
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INITIAL ISSUANCE AND INCREASES. AND DECREASES OF SERIES 1998-1 INVESTED AMOUNT OF SERIES 1998-1 NOTES Section 4A.1 Issuance in Definitive Form . . . . . . . . . . . . . . . . . . . 39
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Related to INITIAL ISSUANCE AND INCREASES

  • Initial Issuance To obtain the Credit for the first Taxable Year, the Company shall do the following on or before 90 days after the end of the first Taxable Year: 1. The Company shall notify the Department on the form attached hereto as Exhibit D (or substantially similar to such form) when all of the following has occurred: (a) the Project has been Placed in Service; (b) the Capital Improvements required by Section IV.B have been made; (c) the New Employees have been hired, including satisfying the applicable Payroll and Occupation obligations, as required by Section IV.C; and (d) if applicable, the minimum number of Retained Employees have been retained by the Company, including satisfying the applicable Payroll and Occupations obligations, as required by Section IV.D. 2. The Company shall provide to the Department proof as required by the Department, including but not limited to a certified attestation by the Company, payroll records and an audit performed by an independent, licensed certified public accounting firm, that the Company has done all of the following prior to the end of the first Taxable Year: a) made the Capital Improvements specified in Section IV.B; b) hired the New Employees specified in Section IV.C, accompanied by the information substantially in the form set forth in Exhibit E; c) if applicable, retained the Retained Employees specified in Sections IV.D, accompanied by the information substantially in the form set forth in Exhibit E; and d) achieved the level of Payroll in Illinois specified in Section IV.C(ii) and, if applicable, Section IV.D(ii) accompanied by the information substantially in the form set forth in Exhibit E.

  • Additional Issuances There are no outstanding agreements or preemptive or similar rights affecting the Company's common stock or equity and no outstanding rights, warrants or options to acquire, or instruments convertible into or exchangeable for, or agreements or understandings with respect to the sale or issuance of any shares of common stock or equity of the Company or other equity interest in any of the subsidiaries of the Company, except as described in the Reports or Other Written Information.

  • Wage Increases The wage rates in this Agreement will only be increased in accordance with any increases which may be awarded by the Australian Fair Pay Commission through wage reviews. The level of any increases will be such that the percentage wage increase as set out in Clause 15 of this agreement will be maintained. No additional increases in wage rates will apply to the rate of pay in Clause 15 of this Agreement while it is in operation.

  • Commitment Increases (a) In the event that the Company wishes to increase the aggregate Commitments, it shall notify the Lenders (through the Managing Administrative Agent) of the amount of such proposed increase (such notice, a “Commitment Increase Offer”). Each Commitment Increase Offer shall offer the Lenders the opportunity to participate in the increased Commitments ratably in accordance with their respective Commitment Percentages. In the event that any Lender (each, a “Declining Lender”) shall fail to accept in writing a Commitment Increase Offer within 10 Business Days after receiving notice thereof, all or any portion of the proposed increase in the Commitments offered to the Declining Lenders (the aggregate of such offered amounts, the “Declined Amount”) may instead be allocated to any one or more additional banks, financial institutions or other entities pursuant to paragraph (b) below and/or to any one or more existing Lenders pursuant to paragraph (c)(ii) below. (b) Any additional bank, financial institution or other entity (each, a “New Lender”) which, with the consent of the Company and the Managing Administrative Agent, elects to become a party to this Agreement and obtain a Commitment in an amount equal to all or any portion of a Declined Amount, shall execute a New Lender Supplement (each, a “New Lender Supplement”) with the Company and the Managing Administrative Agent, substantially in the form of Exhibit J-1, whereupon such New Lender shall become a Lender for all purposes and to the same extent as if originally a party hereto and shall be bound by and entitled to the benefits of this Agreement, and Schedule 1.2 shall be deemed to be amended to add the name and Commitment of such New Lender. (c) Any Lender which (i) accepts a Commitment Increase Offer pursuant to subsection 2.18(a) or (ii) with the consent of the Company elects to increase its Commitment by an amount equal to all or any portion of a Declined Amount shall, in each case, execute a Commitment Increase Supplement (each, a “Commitment Increase Supplement”) with the Company and the Managing Administrative Agent, substantially in the form of Exhibit J-2, whereupon such Lender shall be bound by and entitled to the benefits of this Agreement with respect to the full amount of its Commitment as so increased, and Schedule 1.2 shall be deemed to be amended to so increase the Commitment of such Lender. (d) If on the date upon which a bank, financial institution or other entity becomes a New Lender pursuant to subsection 2.18(b) or upon which a Lender’s Commitment is increased pursuant to subsection 2.18

  • Fee Increases S&P reserves the right to increase its fees under this Order Schedule effective on the anniversary of the Commencement Date by providing at least sixty (60) days advance written notice to Licensee prior to the expiration of the Term then in effect.