Advance Loan definition

Advance Loan means a Loan made pursuant to Section 2.1(a) hereof.
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Advance Loan has the meaning specified in Section 2.01(a).
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Advance Loan means the loan in the original principal amount equal to Two Hundred Fifty Thousand and No/100 Dollars ($250,000.00) made or to be made by Lender pursuant to Section 3A.01; provided, that each Advance under the Advance Loan shall be limited to eighty percent (80%) of the cost of the capital expenditures acquired with the proceeds of such Advance.
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Examples of Advance Loan in a sentence

  • I agree to repay the Advance Loan as soon as Short Term Disability payments are received the Unemployment Insurance Commission.

  • Free Priority Repairs TelosCare PLUS includes all product repairs free of charge, and customers can choose to use one of the following services on each repair case: ■ Free Priority Repair at factory/repair center, with turnaround time within 1-2 business days of receipt ■ Advance swap of the defective product, if available Advance Loan Units As an alternative to an advance swap or when an advance swap is not available, we offer advance loan units for free while we are repairing your unit.

  • The Construction Advance Loan will bear interest at the Construction Advance Loan Rate and will be payable monthly, interest only, on the first day of each month until the Final Delivery Date, at which time the entire principal balance of the Construction Advance Loan, will be due and payable in full.

  • The Construction Advance Loan Rate will be determined by the Permanent Mortgage Note Rate and will be equal (a) for the Fixed Rate option, to the Pass-Through Rate and (b) for the Variable Rate Option, to the weighted average of the Pass-Through Rates applicable to each outstanding Advance.

  • Upon execution by the Construction Lender and the DUS Lender, the Certificate of Loan Terms will constitute a binding contractual agreement by Xxxxxx Xxx to provide, and by Construction Lender to repay, a Construction Advance Loan with respect to the Project on the terms and conditions set forth in the Certificate of Loan Terms and this Agreement.

  • Xxxxxx has no commitment to Advance Loan funds that exceed the Commitment Amount.

  • Xxxxxx Xxx will fund disbursements under the Construction Advance Loan by bank wire transfer, in accordance with the wiring instructions set forth in the Certificate of Loan Terms, for receipt by the Construction Lender not later than 1:00 p.m., Washington, D.C. time, on the scheduled disbursement date.

  • The Construction Lender shall provide the Construction Letters of Credit, amendments, renewals and replacements to Construction Letters of Credit and Bank Certificates meeting requirements of Section 6 hereof and shall further comply with all the other requirements pertaining to the issuance of the Forward Commitment, the Construction Advance Loan and the Advances to be disbursed under the Construction Advance Loan, pursuant to Section 7 hereof.

  • If, however, there is a Borrower Default at any time following a draw on the Construction Letter of Credit as a result of a Construction Advance Loan Default or a Letter of Credit Issuer Event, Xxxxxx Xxx shall be entitled to exercise its rights under Section 8.2(1) hereof, and the Construction Lender shall be entitled to enforce its remedies under the Construction Loan Mortgage.

  • To effect a conversion to the Fixed Rate Option, the DUS Lender must make an MCODES Submission to fix or "rate lock" the interest rate applicable to subsequent Advances under the Construction Advance Loan and to set the Hedge Fee.


More Definitions of Advance Loan

Advance Loan means an advance made by the Bank to the Agency on the date and in the amount of a payment made by the Bank under the Letter of Credit pursuant to a Drawing and not reimbursed by the Agency by 5:00 p.m. (New York time) on the day such payment was made.
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Advance Loan has the meaning set forth in Section 3.3(H).
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Related to Advance Loan

  • Overadvance Loan means a Base Rate Revolving Loan made when an Overadvance exists or is caused by the funding thereof.

  • PACE Loan means (x) any “Property-Assessed Clean Energy loan” or (y) any other indebtedness, without regard to the name given to such indebtedness, which is (i) incurred for improvements to the Property for the purpose of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing, and (ii) repaid through multi-year assessments against the Property.

  • Refinance Loan Any Mortgage Loan the proceeds of which are used to refinance an Original Mortgage Loan.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

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

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Collateral Loan means a Senior Secured Loan, a Senior Secured Bond, a First Lien/Last Out Loan or a Second Lien Loan or a Participation Interest in any Senior Secured Loan, First Lien/Last Out Loan or Second Lien Loan that as of the date of acquisition by the Borrower meets each of the following criteria:

  • SOFR Loan means a Loan that bears interest at a rate based on Term SOFR, other than pursuant to clause (c) of the definition of “Alternate Base Rate”.

  • Equipment Advance is defined in Section 2.1.1.

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

  • Equipment Loan means middle market equipment loans that consist of loans made to obligors in the United States of America primarily secured by new or used transportation equipment and managed by the Equipment Finance reporting category of the Commercial Lending and Leasing division of GE Capital.

  • Revolving Advance has the meaning given in Section 2.1.

  • PPP Loan has the meaning set forth in Section 3.28.

  • Commercial loan means a loan that is not made primarily for

  • 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.

  • Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.

  • CD Loan means (i) a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election or (ii) an overdue amount which was a CD Loan immediately before it became overdue.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

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

  • MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.

  • Revolver Loan a loan made pursuant to Section 2.1, and any Swingline Loan, Overadvance Loan or Protective Advance.

  • Permitted Advance means an advance of funds by the Assuming Bank with respect to a Shared-Loss Loan, or the making of a legally binding commitment by the Assuming Bank to advance funds with respect to a Shared-Loss Loan, that (i) in the case of such an advance, is actually made, and, in the case of such a commitment, is made and all of the proceeds thereof actually advanced, within one (1) year after the Commencement Date, (ii) does not cause the sum of (A) the book value of such Shared-Loss Loan as reflected on the Accounting Records of the Assuming Bank after any such advance has been made by the Assuming Bank plus (B) the unfunded amount of any such commitment made by the Assuming Bank related thereto, to exceed 110% of the Book Value of such Shared-Loss Loan, (iii) is not made with respect to a Shared-Loss Loan with respect to which (A) there exists a related Shared-Loss Loan Commitment or (B) the Assuming Bank has taken a Charge-Off and (iv) is made in good faith, is supported at the time it is made by documentation in the Credit Files and conforms to and is in accordance with the applicable requirements set forth in Article III of this Commercial Shared- Loss Agreement and with the then effective written internal credit policy guidelines of the Assuming Bank; provided, that the limitations in subparagraphs (i), (ii) and (iii) of this definition shall not apply to any such action (other than to an advance or commitment related to the remediation, storage or final disposal of any hazardous or toxic substance, pollutant or contaminant) that is taken by Assuming Bank in its reasonable discretion to preserve or secure the value of the collateral for such Shared-Loss Loan.

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Acquisition Loan means a loan or other extension of credit, including an installment obligation to a “party in interest” (as defined in Section 3(14) of ERISA) incurred by the Trustee in connection with the purchase of Company Stock.

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.