Advances. Subject to Section 2.3(b), the outstanding principal amount under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus three-quarters of one percent (0.75%), which interest shall be payable monthly in arrears in accordance with Section 2.3(d) below.
Advances. The Company shall make a request for an advance by notice [[Organization A:Organization]] Holder given pursuant to Section 7.2 hereof. The Holder will enter on its books and records, the date and amount of each advance, as well as the date and amount of each payment made by the Company. Such entries will be presumed to be correct when made.
Advances. The [[Organization A:Organization]] hereby promises to pay to the Administrative Agent for account of each [[Organization B:Organization]] the entire outstanding principal amount of such [[Organization B:Organization]]’s Advances, and each Advance shall mature, on the earlier of the Commitment Termination Date applicable to such [[Organization B:Organization]] and the Termination Date.
Advances. Following receipt of a Loan Notice for a Facility, the [[Administrative Agent:Organization]] shall promptly notify each Appropriate [[Organization A:Organization]] of the amount of its Applicable Percentage under such Facility of the applicable Loans, and if no timely notice of a conversion or continuation is provided by the , the [[Administrative Agent:Organization]] shall notify each Appropriate [[Organization A:Organization]] of the details of any automatic conversion to Base Rate Loans described in [Section 2.02(a)]. In the case of a Borrowing, each Appropriate [[Organization A:Organization]] shall make the amount of its Loan available to the [[Administrative Agent:Organization]] in immediately available funds at the [[Administrative Agent:Organization]]’s Office not later than 12:00 p.m. on the Business Day specified in the applicable Loan Notice. Upon satisfaction of the applicable conditions set forth in Section 4.02 (and, if such Borrowing is the initial Credit Extension, Section 4.01), the [[Administrative Agent:Organization]] shall make all funds so received available to the in like funds as received by the [[Administrative Agent:Organization]] either by # crediting the account of the on the books of SVB with the amount of such funds or # wire transfer of such funds, in each case in accordance with instructions provided to (and reasonably acceptable to) the [[Administrative Agent:Organization]] by the ; provided, however, that if, on the date a Loan Notice with respect to a Revolving Borrowing is given by the , there are L/C Borrowings outstanding, then the proceeds of such Revolving Borrowing, first, shall be applied to the payment in full of any such L/C Borrowings, and second, shall be made available to the as provided above.
Advances. An advance on unearned commissions (PO Advance) will be made to the Participant for any purchase orders entered into for the Participants assigned customer or for a customer in the Participants assigned territory during any quarter. The PO Advance for each quarter will be equal to the amount of purchase orders entered into in that quarter multiplied by the Participants commission rate set forth in the Compensation Plan. For purposes of this Plan, a purchase order will be considered entered into when the applicable customer signs and returns the purchase order to the Company. A purchase order will not be considered entered into if it is subject to any disclosed or undisclosed contingent liabilities, any other side or associated agreement, or is consummated outside of accepted Company policies, procedures and guidelines, as determined by the Company in its sole discretion (an Incomplete PO). Any PO Advance will be paid by the last day of the month following the end of the quarter in which the purchase orders are entered into unless the Participants employment with the Company has terminated for any reason (or the Participant has notified the Company of the Participants intention to resign) on or before that date. Deals that require prepayment as the payment terms, are not eligible for a PO advance.
ADVANCES. At any time during the term of this Note, Borrower may, at its sole option, draw down amounts up to an aggregate of US$100,000 under the terms set forth herein. The aggregate unpaid principal balance outstanding, if any, at any time during the term of this Note shall be referred to as the “Principal Amount.” Advances under this Note shall be made upon written request by Borrower to Lender in the form of a Draw Request attached as Exhibit A hereto. Draw Requests shall be sent to Lender at the address set forth above. All Draw Requests submitted by Borrower shall be funded within 10 days from the date Lender receives the Draw Request (each a “Draw Date”).
the Transactions and the payment of fees and expenses related to the Transactions (including loans and advances pursuant to [Sections 6.04(b) and 6.04(p)])]);
Loans means the Revolving Loans and the Swingline Loans and any other loans and advances of any kind made by the Administrative Agent, any Lender or any Affiliate of the Administrative Agent or any Lender pursuant to this Agreement.
(i) During the Availability Period, the shall deliver to the [[Administrative Agent:Organization]] a Loan Notice stating the Type of Delayed Draw Term Loans to be advanced pursuant to Section 2.01. Each advance of Loans, each conversion of Loans from one Type to the other, and each continuation of Term SOFR Rate Loans shall be made upon irrevocable notice from the (on its own behalf or on behalf of the applicable Co-) to the [[Administrative Agent:Organization]], which may be given by # telephone, or # a Loan Notice; provided that any telephonic notice must be confirmed immediately by delivery to the [[Administrative Agent:Organization]] of a Loan Notice. Each such Loan Notice must be received by the [[Administrative Agent:Organization]] # on the date of the request for any advance or conversion of Daily SOFR Rate Loans or Base Rate Loans, provided, that, for a request of Daily SOFR Rate Loans or Base Rate Loans, such Loan Notice must be received by the [[Administrative Agent:Organization]] not later than 11:00 a.m., otherwise, such Loan Notice shall be deemed to be a request for a Daily SOFR Rate Loan or Base Rate Loan on the next Business Day, and # not later than 11:00 a.m. two (2) Business Days prior to the requested date of any advance of, conversion to or continuation of Term SOFR Rate Loans or conversion of Term SOFR Rate Loans to Daily SOFR Rate Loans or Base Rate Loans. Each advance of, conversion to or continuation of Term SOFR Rate Loans or Daily SOFR Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $100,000 in excess thereof. Each advance of or conversion to Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof. Each Loan Notice (whether telephonic or written) shall specify # whether such Loans are Delayed Draw Term Loans or Incremental Term Loans (if applicable), # whether the or a Co- is requesting an advance of Loans, a conversion of Loans from one Type to the other, or a continuation of Term SOFR Rate Loans, # the requested date of the applicable advance, conversion or continuation, as the case may be (which shall be a Business Day), # the principal amount of Loans to be borrowed, converted or continued, # the Type of Loans to be borrowed or to which existing Loans are to be converted, and # if applicable, the duration of the Interest Period with respect thereto. If the fails to specify a Type of Loan or Term SOFR in a Loan Notice or if the fails to give a timely notice requesting a conversion or continuation of Term SOFR Rate Loans, then the applicable Loans shall be made as, or converted to, Daily SOFR Rate Loans. Any such automatic conversion to Daily SOFR Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Loans. If the requests a Term SOFR Rate Loan, or a conversion to or continuation of Term SOFR Rate Loans in any such Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one (1) month.
Related Party Transactions. Except for any relationship as a result of the transactions contemplated by this Agreement, no relationship, direct or indirect, exists between or among any of the Company Group or any Affiliate of the Company Group, on the one hand, and any director, officer, member, stockholder, customer or supplier of the Company Group or any Affiliate of the Company Group, on the other hand, which is required by the Exchange Act to be disclosed in reports filed under the Exchange Act which is not so disclosed in the Public Filings. Except as otherwise disclosed in the Public Filings, there are no outstanding loans, advances (except advances for business expenses in the ordinary course of business) or guarantees of indebtedness by the Company Group or any Affiliate of the Company Group to or for the benefit of any of the officers or directors of the Company Group or any Affiliate of the Company Group or any of their respective family members.
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