Common use of Requisitions, Certifications Clause in Contracts

Requisitions, Certifications. Each request for a Loan Advance shall be in writing and in the form attached hereto as Exhibit A (a “Loan Notice”). Each such request shall specify (i) the amount of the Loan Advance requested, (ii) the purpose of the Loan Advance requested, (iii) the Total Outstandings (including the funding of the Loan Advance being requested), (iv) calculations evidencing the Borrower’s continued compliance with the Financial Covenants, as satisfied by the Closing Compliance Certificate, or once delivered, the most recent Compliance Certificate delivered by the Borrower, (v) the requested interest rate option, and (vi) the Interest Period (if applicable). Each request for a Loan Advance hereunder shall be for (a) a minimum amount as required by Section 2.3.6, (b) an amount not to exceed (x) the Maximum Loan Amount less (y) the Total Outstandings (after giving effect to such Loan Advance), (c) as to the Tranche C Term Facility, an amount not to exceed (x) the Total Tranche C Term Commitments, less (y) the total Tranche C Term Facility Loans previously advanced under the Tranche C Term Facility (after giving effect to any such pending advance of Tranche C Term Facility Loans), and (d) as to the Tranche D Term Facility, an amount not to exceed (x) the Total Tranche D Term Commitments, less (y) the total Tranche D Term Facility Loans previously advanced under the Tranche D Term Facility (after giving effect to any such pending advance of Tranche D Term Facility Loans)

Appears in 2 contracts

Sources: Loan Agreement (Cedar Realty Trust, Inc.), Loan Agreement (Cedar Realty Trust, Inc.)

Requisitions, Certifications. Each request for a Loan Advance shall be in writing and in the form attached hereto as Exhibit A (a “Loan Notice”). Each such request shall specify (i) the amount of the Loan Advance requested, (ii) the purpose of the Loan Advance requested, (iii) the Total Outstandings (including the funding of the Loan Advance being requested), (iv) calculations evidencing the Borrower’s continued compliance with the Financial Covenants, as satisfied by the Closing Compliance Certificate, or once delivered, the most recent Compliance Certificate delivered by the Borrower, (v) the requested interest rate option, and (vi) the Interest Period (if applicable). Each request for a Loan Advance hereunder shall be for (a) a minimum amount as required by Section 2.3.6, (b) an amount not to exceed (x) the Maximum Loan Amount less (y) the Total Outstandings (after giving effect to such Loan Advance), (c) as to the Tranche C A Term Facility, an amount not to exceed (x) the Total Tranche C A Term Commitments, less (y) the total Tranche C A Term Facility Loans previously advanced under the Tranche C A Term Facility (after giving effect to any such pending advance of Tranche C A Term Facility Loans), and (d) as to the Tranche D B Term Facility, an amount not to exceed (x) the Total Tranche D B Term Commitments, less (y) the total Tranche D B Term Facility Loans previously advanced under the Tranche D B Term Facility (after giving effect to any such pending advance of Tranche D B Term Facility Loans).

Appears in 1 contract

Sources: Loan Agreement (Cedar Realty Trust, Inc.)