Example ContractsClausesRevolving Advances
Revolving Advances
Revolving Advances contract clause examples

Revolving Advances. There shall not be any Revolving Advances made on the Closing Date;

Revolving Advances. Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement. It shall be a condition to each Advance that # an Advance Request acceptable to Lender has been received by Lender, # all of the representations and warranties set forth in Section 3 are true and correct on the date of such Advance as though made at and as of each such date, and # no Default has occurred and is continuing, or would result from such Advance.

Subject to and upon the terms and conditions of this Agreement, each Lender severally (and not jointly) agrees to make Advances to the Borrower from time to time during the Revolving Commitment Period in an aggregate outstanding principal amount that will not result in # such Lender’s Revolving Line Usage exceeding such Lender’s Revolving Commitment or # the aggregate Revolving Line Usage exceeding the aggregate Revolving Commitments. Subject to the terms and conditions of this Agreement, amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed at any time prior to the Revolving Maturity Date. If at any time the aggregate Revolving Line Usage exceeds the aggregate Revolving Commitments, the Borrower shall prepay within one (1) Business Day after the receipt of a written request by the Administrative Agent therefor, in cash in the amount of such excess of the Advances and cash collateral of the Letter of Credit Obligations pursuant to [Section 2.1(a)(iii)]. The Borrower may prepay any Advances without penalty or premium.

Revolving Advances. Subject to the terms and conditions set forth in this Agreement (including, without limitation, [Sections 2.1(b) and 8]8]), each Lender, severally and not jointly, agrees to make Revolving Advances according to its Commitment Percentage thereof to Borrowers (or Administrative Loan Party on behalf of Borrowers) from the Closing Date until the Termination Date. Revolving Advances shall be funded by Agent or Lenders (as applicable) in Dollars and shall be repaid in Dollars. To the extent required by a Lender, the Revolving Advances made by such Lender shall be evidenced by a promissory note in a form acceptable to Agent (each, a “Revolving Credit Note”; it being understood that no such promissory note shall include a grant of a Lien in favor of any individual Lender).

Subject to and upon the terms and conditions of this Agreement, each Lender severally (and not jointly) agrees to make Advances to the Borrower from time to time during the Revolving Commitment Period in an aggregate outstanding principal amount that will not result in # such Lender’s Revolving Line Usage exceeding such Lender’s Revolving Commitment or # the aggregate Revolving Line Usage exceeding the aggregate Revolving Commitments. Subject to the terms and conditions of this Agreement, amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed at any time prior to the Revolving Maturity Date. If at any time the aggregate Revolving Line Usage exceeds the aggregate Revolving Commitments, the Borrower shall prepay within one (1) Business Day after the receipt of a written request by the Administrative Agent therefor, in cash in the amount of such excess of the Advances and cash collateral of the Letter of Credit Obligations pursuant to [Section 2.1(a)(iii)]. The Borrower may prepay any Advances without penalty or premium.

Amount of Revolving Advances. Subject to the terms and conditions set forth in this Agreement specifically including Section 2.1(b), each Lender with a Revolving Commitment, severally and not jointly, will make Revolving Advances (including Green Loan Advances) to Borrowers in aggregate amounts outstanding at any time equal to such Lender's Revolving Commitment Percentage of the amount by which Availability exceeds the sum of the aggregate Dollar Equivalent of the Maximum Undrawn Amount of all outstanding Letters of Credit and the outstanding amount of Swing Loans; provided, that, with respect to Green Loan Advances, # the aggregate amount of Green Loan Advances from such Lender shall not exceed such Lender’s Revolving Commitment Percentage of the Green Loan Sublimit, and # the aggregate amount of Green Loan Advances from all Lenders shall not exceed the Green Loan Sublimit.

Revolving Credit Advances. The Borrower shall repay to the Agent for the ratable account of each Revolving Credit Lender on the Termination Date applicable to such Lender the aggregate principal amount of the Revolving Credit Advances made to it and then outstanding.

Revolving Advances. The incurrence by the Borrower of the indebtedness pursuant to the Credit Agreement does not violate the Project Documents with respect to such TPO Solar Project Owner Subsidiary.

Revolving Advances. The incurrence by the Borrower of the indebtedness pursuant to the Credit Agreement does not violate the Project Documents with respect to such Tax Equity Structure.

Revolving Advances. Subject to the terms and conditions set forth in this Agreement including, without limitation, [Sections 2.1(b), (c) and (d)])])], each Lender, severally and not jointly, will make Revolving Advances to Borrowers in aggregate amounts outstanding at any time equal to such Lender’s Revolving Commitment Percentage of the lesser of # the Maximum Revolving Advance Amount minus the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit and # the Formula Amount. The “Formula Amount” shall at all times be an amount equal to the sum of the following:

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