Advance Agreement definition
Examples of Advance Agreement in a sentence
The amount advanced under the Intercompany Advance Agreement and the amount of the deemed capital contribution shall be duly recorded by the Seller and ▇▇▇▇.
A portion of the Initial Aggregate Receivables Principal Balance shall be paid to the Seller in immediately available funds and the balance of such purchase price shall be paid through one or both of (a) an increase in the amount owing from ▇▇▇▇ to Seller under the Intercompany Advance Agreement (as a result of an advance made thereunder from Seller to ▇▇▇▇) and (b) an increase in Seller’s capital account in ▇▇▇▇ (as a result of a deemed capital contribution from the Seller to ▇▇▇▇).
A portion of the Aggregate Additional Receivables Principal Balance shall be paid to the Seller in immediately available funds and the balance of such purchase shall be paid through one or both of (a) an increase in the amount owing from ▇▇▇▇ to Seller under the Intercompany Advance Agreement (as a result of an advance made thereunder from Seller to ▇▇▇▇) and (b) an increase in Seller’s capital account in ▇▇▇▇ (as a result of a deemed capital contribution from Seller to ▇▇▇▇).
The amount advanced under the Intercompany Advance Agreement shall be duly recorded by the Seller and Ally Auto.
Such amount shall be recorded as an advance under the Intercompany Advance Agreement and shall bear interest and be payable as provided therein.