Additional Loan Advance definition

Additional Loan Advance means a further drawing (including, but not limited to, Further Advances) in respect of Loans sold by the Seller to the Guarantor LP;
Sample 1Sample 2Sample 3
Additional Loan Advance means an advance made by an Additional Lender pursuant to Section 2.16.(c). From and after the making of an Additional Loan Advance, such Additional Loan Advance shall comprise a portion of the Loan.
Sample 1Sample 2Sample 3
Additional Loan Advance has the meaning given in Section 2.1.
Sample 1Sample 2

Examples of Additional Loan Advance in a sentence

  • The provisions of this Section 3.4 shall apply only if Aetna has made any Additional Loan Advance pursuant to Section 7.4 below.

  • For greater certainty, it is hereby confirmed that all present and future Additional Loan Advances sold to the Guarantor pursuant to the terms hereof will have the benefit of the applicable Related Security and upon sale by the Seller to the Guarantor of any such Additional Loan Advance (together with its applicable Related Security) the Seller shall have no interest therein.

  • Not later than 1:00 p.m. at least one (1) Business Day prior to a borrowing of Base Rate Loans or LIBOR Daily Loans comprising all or a portion of the Loan (which for purposes of this subsection (b) shall include (if and as applicable) an Additional Loan Advance) and not later than 1:00 p.m. at least three (3) Business Days prior to a borrowing of LIBOR Loans (other than LIBOR Daily Loans) comprising all or a portion of the Loan, the Borrower shall deliver to the Administrative Agent a Notice of Borrowing.

  • Each Additional Loan Advance shall be deemed to form part of the applicable Loan and Related Security and have the benefit thereof.

  • Not later than 1:00 p.m. at least one (1) Business Day prior to a borrowing of Base Rate Loans comprising all or a portion of the Loan (which for purposes of this subsection (b) shall include (if and as applicable) an Additional Loan Advance) and not later than 1:00 p.m. at least three (3) Business Days prior to a borrowing of LIBOR Loans comprising all or a portion of the Loan, the Borrower shall deliver to the Administrative Agent a Notice of Borrowing.

  • Upon such credit being made with respect to any such Additional Loan Advance, the Originator’s ownership of such Additional Loan Advance and all Related Security and related Collections shall be sold, assigned and transferred to the Acquirer effective as of the date of such purchase.

  • The sale by the Seller of any Portfolio Assets to the Purchaser shall not include any obligation to pay any Additional Loan Advance (if any), or any other such obligation relating to payment of funds to a Borrower in respect of such Loans which obligation shall at all times, and notwithstanding the sale of such Portfolio Assets to the Purchaser, remain an obligation of the relevant Seller and the Seller shall have the right to fund such Additional Loan Advances.

  • Aetna shall only be required to make any such Additional Loan Advance to MTP-South Tower if and to the extent that the outstanding principal balance of the Loan on the date of such Additional Loan Advance is and would remain (after such principal balance increases by the amount of the Additional Loan Advance) less than the applicable Maximum Principal Balance for such Loan Year as provided for in Section 3.4.1 and the schedule attached hereto as Exhibit A.

  • Each month, from Operating Receipts (as defined in Section 6.2.1) on deposit in the Deposit Account, Agent shall make disbursements for Approved Operating Costs, for funding the Tax and Insurance Escrow, for Fixed Rate Interest, for funding the Project Reserve, for disbursements to MTP-South Tower in connection with Additional Loan Advance Repayments and Excluded Asset Proceeds, and for principal payments on the Loan, all in accordance with Section 7.2.1 below.

  • The creation of such debt shall be full consideration for the purchase price of the applicable purchased Additional Loan Advance.


More Definitions of Additional Loan Advance

Additional Loan Advance means $40,000,000 to be advanced by Lender in connection with the execution and delivery of the Promissory Note.
Sample 1Sample 2

Related to Additional Loan Advance

  • Additional Loan means the Eligible Loans evidenced by a Note or Notes sold from time to time during the Supplemental Purchase Period pursuant to an Additional Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Additional Loans means any Additional Revolving Loans and any Additional Term Loans.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Loan Advance The meaning specified in Section 2.2(a).

  • Additional Advance means each additional loan that is made under an RBC Homeline Plan after the initial advance, including any new or additional advances, increases to principal, or further borrowings or extensions of the term, including in the case of any fluctuating account or accounts, revolving loans, or lines of credit, additional segments of such facilities made after the initial advance. They are referred to collectively as Additional Advances.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Original Loan shall have the meaning set forth in the recitals hereto.

  • Equipment Advance is defined in Section 2.1.1.

  • Additional Loans Purchase Price means the dollar amount representing the aggregate purchase price of the related Additional Loans as specified in the applicable Additional Purchase Agreement (which, with respect to any Additional Loan purchased with funds on deposit in the Supplemental Purchase Account, will be equal to 100% of the aggregate principal balance of such Additional Loan, plus accrued interest to be capitalized).

  • Initial Loan is defined in Section 2.1.

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Tranche B Advance has the meaning specified in Section 2.01(b).

  • Incremental Loan Request has the meaning set forth in Section 2.14(a).

  • Term Advance has the meaning specified in Section 2.01(a).

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • SOFR Advance means any Loan which, except as otherwise provided in Section 2.10, bears interest at a rate based on Adjusted Term SOFR (other than a Floating Rate Advance as to which the interest rate is determined with reference to Adjusted Term SOFR or a SOFR Market Index Rate Advance).

  • Initial Advance means the first Advance made pursuant to Article II.

  • Term Loan has the meaning specified in Section 2.01(b).

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Extended Loan shall have the meaning assigned to such term in Section 2.26(a).

  • Incremental Revolving Loan has the meaning set forth in Section 2.14(b).

  • Term SOFR Advance means an Advance that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Term Loan Increase has the meaning set forth in Section 2.14(a).