Advance Limitations definition

Advance Limitations means that the Borrower will be permitted to request Advances (i) on the initial Borrowing Date and (ii) no more than once during the six (6)-month period commencing on the first Business Day after such initial Borrowing Date and each subsequent six (6)-month period thereafter; provided that, notwithstanding the foregoing, the Borrower shall be permitted to request the following additional Advances: (A) Advances in connection with any Takeout Transaction, and upon the making of such Advances, a new six (6)-month period shall commence for purposes of this definition and the Borrower shall not be permitted to request additional Advances more than once during such six (6)-month period and each subsequent six (6)-month period, except as otherwise expressly set forth herein, and (B) Advances permitted with the consent of the Majority Lenders.

Advance Limitations means that the Borrower will be permitted to request Advances (i) on the initial Borrowing Date and (ii) no more than once during the six (6)-month period commencing on the first Business Day after such initial Borrowing Date and each subsequent six (6)-month period thereafter; provided that, notwithstanding the foregoing, the Borrower shall be permitted to request the following additional Advances: (A) Advances in connection with any Takeout Transaction, and upon the making of such Advances, a new six (6)-month period shall commence for purposes of this definition and the Borrower shall not be permitted to request additional Advances more than once during such six (6)-month period and each subsequent six (6)-month period, except as otherwise expressly set forth herein, and (B) Advances permitted with the consent of the Majority Lenders. [***] = Certain information has been excluded from this exhibit because it is both not material and would likely cause harm to the company if publicly disclosed.

Advance Limitations means that the Borrower will be permitted to request Advances no more than twice during each calendar month; provided that, if at the commencement of any calendar month, the Borrower has not consummated any Takeout Transaction during the preceding six (6) month period, then the Borrower shall be permitted to request Advances no more than once during the six (6) month period following the commencement of such calendar month until such time as the Borrower shall have consummated any Takeout Transaction; provided, further, that the Borrower will be permitted to request additional Advances with the consent of the Majority Lenders or with the consent of theAgent and each Funding Agent in connection with a Takeout Transaction.

Examples of Advance Limitations in a sentence

• The Investor shall, in each Purchase Notice, select the amount of the Advance, in its sole discretion, and the timing of delivery; provided that the amount of the Advance shall not exceed the outstanding balance owed under all Pre-Paid Advances on the date of delivery of the Purchase Notice or result in the Investor exceeding the Advance Limitations set forth in Section 3.01(b) hereof.

• See also "Advance Limitations, Appraisal Reductions and Losses on CMBS" below.

• Notwithstanding the absence of a reference to the Libor Option in the Xxxxxx, Sistemas and ASM shall have the same rights to elect alternative interest rates with respect to Loan Advances under the Xxxxxx as are granted to ASI under the ASI Note, subject to the Advance Limitations and other restrictions and limitations set forth in the ASI Note.

• Advances under the Libor Option PROMISSORY NOTE Loan No. 5641298123 (CONTINUED) Page 2 -------------------------------------------------------------------------------- are subject to "Advance Limitations".

• Advance Limitations, Appraisal Reductions and Losses on CMBS We experience shortfalls in expected cash flow on our CMBS prior to the recognition of a realized loss primarily due to servicing advance limitations to the most subordinate securities (only in certain underlying CMBS transactions) or appraisal reductions.

• Advances; Limitations and Limits; CP Lender Advance Limitations..........................................

• The Investor shall, in each Investor Notice, select the amount of the Advance, in its sole discretion, and the timing of delivery; provided that the amount of the Advance shall not exceed the balance owed under all Pre-Paid Advances outstanding on the date of delivery of the Investor Notice, or result in the Investor exceeding the Advance Limitations set forth in Section 3.2 of this Agreement.

• Cash Advance Limitations Cash advance transactions are limited to 25 or $5,000 per calendar day, whichever comes first, unless a different amount was disclosed to you.

More Definitions of Advance Limitations

Advance Limitations means that the Borrower will be permitted to request Advances (i) on the initial Borrowing Date and (ii) no more than oncetwice during the six (6)-month period commencing on the first Business Day after such initial Borrowing Date and each subsequent six (6)-each calendar month period thereafter; provided that, notwithstandingif at the foregoingcommencement of any calendar month, the Borrower shall be permitted to request the following additional Advances: (A) Advances in connection withhas not consummated any Takeout Transaction, and upon during the making of such Advances, a newpreceding six (6)- month period shall commence for purposes of this definition and, then the Borrower shall not be permitted to request additional Advances no more than once during suchthe six (6)- month period and each subsequent six (6)-month period, except as otherwise expressly set forth herein, and (B) Advancesfollowing the commencement of such calendar month until such time as the Borrower shall have consummated any Takeout Transaction; provided, further, that the Borrower will be permitted to request additional Advances with the consent of the Majority Lenders or with the consent of the Agent in connection with a Takeout Transaction.