Example ContractsClausesAdvance Request
Advance Request
Advance Request contract clause examples

Request for Increase. Provided there exists no Default, upon notice to the Administrative Agent (which shall promptly notify the Lenders), the Borrowers may request increases in the Total Credit Exposure of all Lenders (which increase may take the form of additional Revolving Credit Commitments under the Revolving Credit Facility, an increase to the Term A-1 Facility, an increase to the Term A-2 Facility, one or more additional term loan tranches or any combination of the foregoing) by an amount not exceeding, in the aggregate, $400,000,000; provided that any such request for an increase shall be in a minimum amount of $25,000,000. At the time of sending such notice, the Borrowers (in consultation with the Administrative Agent) shall specify the time period within which each Lender is requested to respond (which shall in no event be less than ten (10) Business Days from the date of delivery of such notice to the Lenders).

Each Base Rate Loan shall be made on a Business Day and each SOFR Loan shall be made on a Business Day.

Initiation – Written Request. To initiate the review, the Claimant, within sixty (60) days after receiving the Administrator’s notice of denial, must file with the Administrator a written request for review.

At any time prior to the Advance Request Termination Date, [[Organization B:Organization]] may submit a Request to [[Organization C:Organization]] for [[Organization C:Organization]] to purchase a Participation Interest in one or more Eligible Mortgage Loans from [[Organization B:Organization]] hereunder by delivering or causing to be delivered to [[Organization C:Organization]], by electronic data submission or in such other manner, as may be required by [[Organization C:Organization]] from time to time, the information and other items for such Eligible Mortgage Loans required by [[Organization C:Organization]] pursuant to the Warehouse Program Guide.

Reimbursement of Expense Advance. Within five (5) Business Days after the execution of this Agreement, the Holders will refund $56,792.06 advanced to the Holders to cover their costs and expenses in connection with the Transaction Documents.

Term Advance Facility Fee. Borrower shall pay the Term Advance Facility Fee to Lender promptly upon the execution of the Second Amendment.

Term Advance Termination Fee. In the event the Term Advance is prepaid in full prior to January 31, 2020 by a lender other than Lender, Borrower shall pay the Term Advance Termination Fee to Lender.

Name and address of Borrower’s counsel to be present at closing.

Name and address of Governmental Lender’s counsel.

#Any Specified Borrower may request Competitive Advance Loans by delivering a Competitive Advance Loan Request. The Applicable Administrative Agent shall notify each Bank promptly by facsimile transmission of the contents of each Competitive Advance Loan Request received by the Applicable Administrative Agent. Each Bank may elect, in its sole discretion, to offer irrevocably to make one or more Competitive Advance Loans to the Specified Borrower by delivering a Competitive Advance Loan Offer to the Applicable Administrative Agent.

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