Advance Conditions definition

Advance Conditions has the meaning set forth in Section 8 of this Agreement.

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Advance Conditions has the meaning set forth in Section 2.02(d) hereof.

Advance Conditions means, with respect to any Requested Advance (unless otherwise specified) to be made under the Note Purchase Agreement, the condition that each of the following shall be satisfied:

Examples of Advance Conditions in a sentence

Notwithstanding any provision contained herein to the contrary, the Supplemental Servicer shall have no obligation to make a Supplemental Delinquency Advance to a particular Trust unless all the Advance Conditions have been satisfied and the making of a Supplemental Delinquency Advance if any Advance Conditions are not satisfied shall not constitute a waiver of such right or be construed as a precedent.
The failure to pay the fees and expenses of the Verification Agent promptly by the Servicer shall give rise to a breach of the Advance Conditions.
Borrower’s failure to satisfy, or cause the satisfaction of, any of the Initial Advance Conditions on or prior to the Required Initial Advance Date shall, at Lender’s election, constitute an Event of Default.
Borrower shall not perform any work at the Property, including, without limitation, any demolition of the existing improvements, until all of the Initial Advance Conditions have been satisfied.
Borrower covenants and agrees that, prior to the Required Initial Advance Date, time being of the essence, it shall cause all of the Initial Advance Conditions to be satisfied.

More Definitions of Advance Conditions

Advance Conditions has the meaning given to such term in Section 7.1.

Advance Conditions means the conditions to the disbursement of Subsequent Advances from the Holdback for Interest Reserve set forth on Exhibit A attached hereto.

Advance Conditions means each of the following: (i) the satisfaction of the Closing Conditions; (ii) each of the representations, warranties, and covenants contained herein shall be true and correct in all respects; (iii) no default or event that, by virtue of the giving of notice or the passage of time, could become a Borrower Event of Default (as hereinafter defined) or an App Event of Default (as hereinafter defined) hereunder, shall have then occurred hereunder or under any other Loan Document (iv) No circumstance exists which may, in the reasonable determination of Lender, be expected to have a Material Adverse Effect (as hereinafter defined); (v) Borrower shall not be subject to any lawsuit, proceeding, investigation, or other action, nor shall any such lawsuit, proceeding, investigation, or other action have been threatened against Borrower, which may result, in Lender’s reasonable determination, in a Material Adverse Effect; (vi) With respect to any Advance under the Operating Sublimit: (A) Financial West Group shall have been paid (or shall be paid using a portion of the applicable Advance) all sums then due and owing to it by Borrower in connection with this Agreement and the Loan, which payment shall be made in accordance with the terms of that certain Engagement Letter, dated as of June 22, 2012, as amended on October 22, 2012, by and between Borrower and Financial West Group (the “Brokerage Engagement”); (B) Borrower shall have delivered or caused to be delivered to Lender, with respect to any real estate proposed to be used in any Approved OA Project being funded with the proceeds of such Advance (including without limitation an Oil and Gas Asset), a copy of all documentation delivered to Operator under the Operating Agreement; (C) To the extent the proceeds of such Advance are to be used for an OA Project, Lender shall have received evidence from the Operator that the OA Project is an Approved OA Project; and (D) To the extent the proceeds of such Advance are to be used for an OA Project, (A) the Lender shall have received Title Information with respect to the Drillsite or Drilling Unit to be drilled pursuant to the proposed OA Project, (B) Borrower or the Consenting OA Parties shall have cured to Lender’s satisfaction any material title defects or exceptions affecting such Drillsite or Drilling Unit and shall have secured any pooling amendments or agreements contemplated by the Operating Agreement, (C) Borrower shall have confirmed to Lender’s satisfaction Le...

Advance Conditions means those conditions listed in Schedule 2.1 attached hereto and made a part hereof.

Advance Conditions means, collectively, all of the conditions for the disbursement of any Advance as set forth in Article IV of this Agreement.

Advance Conditions means each of the following:

Advance Conditions means the conditions to the making of the first Advance listed in Part 2 of Schedule 1 (Advance Conditions);