Examples of Additional Advance Amount in a sentence
In the case of an Additional Advance, each Lender shall make the funds for its Pro Rata Share of the Additional Advance Amount available to Administrative Agent not later than 11:00 a.m. Administrative Agent’s Time on the Funding Date thereof.
After Administrative Agent’s receipt of the Additional Advance Amount from Lenders, Administrative Agent shall make proceeds of the Loan in an amount equal to the Additional Advance Amount (or, if less, such portion of the Additional Advance Amount that shall have been paid to Administrative Agent by Lenders in accordance with the terms hereof) available to Borrower on the applicable Funding Date by advancing such funds to Borrower in accordance with the provisions of Exhibit “C-1”.
Upon payment of the $700,000 to Bank as required in this section 6(a), on and after the date of such payment, Borrower must be in compliance with Section 2.6 of the Loan Agreement as amended hereby, calculated with the Additional Advance Amount at $0.
As a part of the consideration for the Additional Advance Amount and the agreement of Lender to enter into the HOF/Newco Loan Modification Documents, Borrowers agreed to provide Lender with mortgages on all real property, whether leasehold or fee simple, owned or held by Borrowers or their subsidiaries in Hall of Fame Village, subject to any requisite consents, required notice periods or similar provisions set forth in existing agreements.
Lender and the Company have agreed that, with any Additional Advance Amount or Ancillary Advance Expense shall be added to the principal amount of the Master Debenture.
Any Advances for Spec Buildout Expenses shall reduce the remaining amount that otherwise would be available for Advances for other Approved Leasing Expenses, such that the aggregate amount of Advances made for Spec Buildout Expenses (which shall be subject to the Maximum Spec Buildout Additional Advance Amount, as provided above) and Advances made for other Approved Leasing Expenses shall never collectively exceed the Future Leasing Expense Advance Amount.
If the Senior Lender does not fund any Additional Advance Amount (an “Unfunded Amount”) pursuant to the Senior Term Note and Accentia advances such Unfunded Amount or any portion thereof (an “Accentia Advance”) to Biovest, the Senior Lender agrees that the amount of the Additional Advance Amount that it will fund under the Senior Term Note and the Maximum Senior Obligation Amount will be reduced by the amount of the Accentia Advance.
Upon satisfaction of all of the conditions precedent set forth in Article III hereof, Additional Advances shall be made by Lender to Borrower from time to time during the Commitment Period up to the Commitment Amount in amounts equal to no less than $250,000.00 and no greater than the Additional Advance Amount then outstanding and available.
After Administrative Agent’s receipt of the Additional Advance Amount from Lenders, Administrative Agent shall make proceeds of the Loan in an amount equal to the Additional Advance Amount (or, if less, such portion of the Additional Advance Amount that shall have been paid to Administrative Agent by Lenders in accordance with the terms hereof) available to Borrower on the applicable Funding Date by advancing such funds to Borrower in accordance with the provisions of Exhibit ”C-2”.
For the avoidance of doubt, the Future Leasing Expense Advance Amount shall be inclusive of the Maximum Spec Buildout Additional Advance Amount and the Maximum Make Ready Additional Advance Amount.