Additional Advance Notice definition

Additional Advance Notice. Defined in Section 3.11.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Additional Advance Notice means an irrevocable written notice in the form of Exhibit A attached hereto with respect to an Additional Advance made pursuant to Section 2.01(b), specifying whether such Additional Advance is a Purchase-Type A or a Purchase-Type B, and directing the Investor to purchase a specified amount of Additional Advance Shares (such specified amount of Additional Advance Shares subject to adjustment as set forth in Section 2.01(d)(ii) as necessary to give effect to the applicable Maximum Additional Advance Amount for such Additional Advance), at the applicable Purchase Price therefor on the purchase date for such Additional Advance in accordance with this Agreement, that is delivered by the Company to the Investor (i) after the latest of (X) 10:00 a.m., New York City time, on such purchase date, if the Company has not timely delivered an Advance Notice to the Investor for a purchase of Advance Shares on such purchase date, (Y) the Purchase Ending Time of the Pricing Period for the purchase of Advance Shares preceding the Additional Pricing Period for such Additional Advance occurring on the same purchase date as such earlier purchase of Advance Shares, if the Company has timely delivered an Advance Notice to the Investor for a purchase of Advance Shares on such purchase date, and (Z) the Additional Purchase Ending Time of the Additional Pricing Period for the most recent prior Additional Advance, if any, occurring on the same purchase date as such Additional Advance and (ii) prior to the earlier of (X) 3:30 p.m., New York City time, on such purchase date and (Y) such time that is exactly thirty (30) minutes immediately prior to the official close of the primary (or “regular”) trading session on the Principal Market on such purchase date, if the Principal Market has theretofore publicly announced that the official close of the primary (or “regular”) trading session on the Principal Market on such purchase date shall be earlier than 4:00 p.m., New York City time, on such purchase date.

Additional Advance Notice means the notice to Lender of Borrower’s intention to add additional homes to the Loan and in the form of Schedule 3.02(b).

Examples of Additional Advance Notice in a sentence

Each Additional Advance Notice shall be submitted to and received by the Administrative Agent prior to 9:00 a.m. (New York time) (A) at least three (3) Business Days prior to the specified borrowing date, in the case of Eurodollar Loans; and (B) at least two (2) Business Days prior to the specified borrowing date, in the case of Base Rate Loans.
Notwithstanding the foregoing, in the case of the Additional Advance Notice delivered in connection with the IPO Closing Date Advance, the time of day by which such notice shall be delivered shall be prior to 12:00 noon (California time).
If an Additional Advance Notice shall fail to specify the applicable Interest Period for any Eurodollar Loan requested, such Loan will be made as a Eurodollar Loan with a one month Interest Period.
Upon receipt of an Additional Advance Notice conforming with the terms of this Section 14, the Administrative Agent shall promptly notify each Lender thereof and of the amount of such Lender's IPO Closing Date Commitment Percentage of the Loan described therein.
No more than one (1) Additional Advance Notice on account of any Deferred Funding Advance may be given in any calendar month.
Each Additional Advance Notice submitted by Borrower hereunder shall constitute a representation and warranty by Borrower hereunder, as of the date of such notice and as of the date of the making of the corresponding Additional Advance, that the conditions in this Section 14 have been satisfied.
Upon receipt of an Additional Advance Notice conforming with the terms of this Section 14, the Administrative Agent shall promptly notify each Lender thereof and of the amount of such Lender's IPO Closing Date Commitment Percentage or Deferred Funding Commitment Percentage (as applicable) of the Loan described therein.
The Company shall have obtained all permits and qualifications required by any applicable state for the offer and sale of all the Common Shares issuable pursuant to such Advance Notice or Additional Advance Notice, or shall have the availability of exemptions therefrom.
There shall be a sufficient number of authorized but unissued and otherwise unreserved Common Shares for the issuance of all of the Shares issuable pursuant to such Advance Notice or Additional Advance Notice.
Except for Additional Advances required pursuant to an Additional Advance Notice sent pursuant to the preceding sentence, all Additional Advances shall necessitate that Required Approval be obtained.

More Definitions of Additional Advance Notice

Additional Advance Notice. Defined in Section 3.11. “Additional Seller Joinder Agreement”: An Additional Seller Joinder Agreement, substantially in the form of Exhibit K, duly executed and delivered by each party thereto.