Advance Proceeds definition

Advance Proceeds shall have the meaning set forth in Section 3.01(a)(iii).
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Advance Proceeds has the meaning given that term in Section 3.2(a)(iii).
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Examples of Advance Proceeds in a sentence

  • Updated Advance Schedule; Application of Advance Proceeds; Security under Mortgage Indenture).

  • Each Borrower authorizes and directs the Agent, if any of the Required Term Lenders’ Advisors’ Expenses are not paid in accordance with Section 17.10 within 10 days following the Company’s receipt of reasonably documented invoices therefor, to use the funds in the Term Advance Proceeds Account to satisfy such outstanding and unpaid Required Term Lenders’ Advisors’ Expenses.

  • For the avoidance of doubt, none of the Loan Parties shall have (and each Loan Party hereby affirmatively waives) any right to withdraw, claim or assert any property interest in any funds on deposit in the Term Advance Proceeds Account upon the occurrence and continuance of any Default or Event of Default.

  • The Company will be required to redeem this Note and the Advance Proceeds shall be applied insomuch as sufficient to satisfy the Redemption Amount, or such part thereof, provided however, the Payment Premium shall not apply.

  • Solely with respect to an Advance (i) during the Waiver Period, (x) the Portfolio LTV is equal to or less than the Target Portfolio LTV and (y) the proceeds of such Advance are equal to or less than the Waiver Period Advance Proceeds and (ii) after the Waiver Period, the Portfolio LTV is equal to or less than the Target Portfolio LTV, in each case, after giving effect to such Advance.

  • If an Advance Notice is submitted and Section 3.01(a)(iii) of the SEPA is applicable, the Company is deemed to have issued a Redemption Notice up to the full amount of the Advance Proceeds (as defined in the SEPA).

  • Any amounts remaining in the Term Advance Proceeds Account on the Maturity Date or the date on which the Loans shall have been accelerated, as the case may be, shall, in each case, be applied in accordance with Section 2.4(b)(ii).

  • The Borrower may request Advances no more frequently than once per calendar quarter; it being understood that, subject to the terms and conditions of the Accounts Agreement, the Borrower will be allowed to request transfers from the Advance Proceeds Construction Subaccount of the Construction Account to pay or reimburse Eligible Project Costs on a monthly basis.

  • Unless otherwise provided for in this Agreement, to the extent funds are requested or required to be transferred from the Debt Service Reserve Account, the Collateral Agent and the Depositary Bank shall debit first the Advance Proceeds DSRA Subaccount to the extent of the funds credited thereto and then the Borrower Funds DSRA Subaccount.

  • Procedures for Selection of Applicable Interest Rates for All Advances 46 2.3. Reserved 48 2.4. Swing Loans 48 2.5. Disbursement of Advance Proceeds 49 2.6. Making and Settlement of Advances 49 2.7. Maximum Advances 51 2.8. ▇▇▇▇▇▇ and Repayment of Advances 51 2.9. Reserved 52 2.10.