Advance Costs definition

Advance Costs means any Advance, interest on the Advance and any related expenses, including without limitation any ▇▇▇▇ to market loss of the Custodian or Subcustodian on any Investment to which Section 7.6.1 applies.
View Source
Advance Costs refer to an amount which, if the Agent makes an Advance Payment on Behalf of Any Other Party, is calculated by multiplying the amount of such advance payment by the Procurement Interest Rate and the actual number of days in the Period of Advance Costs. Note that the “Period of Advance Costs” refers to a period from a day on which the Agent makes an Advance Payment on Behalf of Any Other Party to a day on which the Agent receives the amount related to such advance payment from a Lender or the Borrower, and the “Procurement Interest Rate” refers to an interest rate reasonably determined by the Agent as an interest rate used to finance the amount of Advance Payment on Behalf of Any Other Party for the Period of Advance Costs. In addition, as for such Advance Costs, calculation shall be made on a daily pro rata basis of a 365-day year, division thereof shall be performed at the end and any fraction less than one (1) yen shall be truncated. In addition, the calculation of number of days of a certain period shall include the first day of such period, but exclude the last day thereof;
View Source
Advance Costs means, for any period, redevelopment costs and land development costs incurred by Borrower for improvements that may be required by municipalities or other governmental bodies or any other party or entity that imposes development requirements on any Real Estate.
View Source

Examples of Advance Costs in a sentence

  • If the Fund shall fail to repay the Advance Costs when due, the Custodian or its assignee, as the case may be, shall be entitled to a portion of the available cash balance in any Agency or Principal Account equal to such Advance Costs, and the Fund authorizes the Custodian, on behalf of the Fund, to pay an amount equal to such Advance Costs irrevocably to such Subcustodian or other person, and to dispose of any property in such Account to the extent necessary to make such payment.

  • If the Fund shall fail to repay the Advance Costs when due, the Custodian or its assignee, as the case may be, shall be entitled to a portion of the available cash balance in any Agency or Principal Account equal to such Advance Costs, and the Fund authorizes the Custodian, on behalf of the Fund or Portfolio, to pay an amount equal to such Advance Costs irrevocably to such Subcustodian or other person, and to dispose of any property in such Account to the extent necessary to make such payment.

  • If the Fund or Portfolio shall fail to repay the Advance Costs when due, the Custodian or its assignee, as the case may be, shall be entitled to a portion of the available cash balance in any Agency or Principal Account equal to such Advance Costs, and the Fund authorizes the Custodian, on behalf of the Fund or Portfolio, to pay an amount equal to such Advance Costs irrevocably to such Subcustodian or other person, and to dispose of any property in such Account to the extent necessary to make such payment.

  • If the Fund shall fail to repay the Advance Costs when due, the Custodian or its assignee, as the case may be.

  • If the Trust or Fund shall fail to repay the Advance Costs when due, the Custodian or its assignee, as the case may be, shall be entitled to a portion of the available cash balance in any Agency or Principal Account equal to such Advance Costs, and the Trust authorizes the Custodian, on behalf of the Trust or Fund, to pay an amount equal to such Advance Costs irrevocably to such Subcustodian or other person, and to dispose of any property in such Account to the extent necessary to make such payment.

  • If the Fund shall fail to repay the Advance Costs when due, the Custodian or its assignee, as the case may be, shall be entitled to a portion of the available cash balance in any Agency or Principal Account equal to such Advance Costs, and the Trust authorizes the Custodian, on behalf of the Fund, to pay an amount equal to such Advance Costs irrevocably to such Subcustodian or other person, and to dispose of any property in such Account to the extent necessary to make such payment.

  • If a Lender does not demand such Increased Advance Costs within two years after the Increased Advance Costs Set Date, such Lender may not receive payment of Increased Advance Costs with respect to any period more than two years prior to such demand.

  • Notwithstanding the foregoing, any Lender's demand for Increased Advance Costs shall not include any Increased Advance Costs with respect to any period more than two years prior to the date that such Lender gives notice to Company of such Increased Advance Costs unless the effective date of the condition which results in the right to receive Increased Advance Costs is retroactive (the "Increased Advance Costs Retroactive Effective Date").

  • If a Lender does not demand such Increased Advance Costs within 180 days after the Increased Advance Costs Set Date, such Lender may not receive payment of Increased Advance Costs with respect to any period more than 180 days prior to such demand.

  • Notwithstanding the foregoing, any Lender's demand for Increased Advance Costs shall not include any Increased Advance Costs with respect to any period more than 180 days prior to the date that such Lender gives notice to the Borrower of such Increased Advance Costs unless the effective date of the condition which results in the right to receive Increased Advance Costs is retroactive (the "Increased Advance Costs Retroactive Effective Date").