Advance Repayment definition

Advance Repayment shall have the meaning given to it in Section 1(c).

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Advance Repayment shall have the meaning set forth in Section 2(c). (f) “Borrower” shall have the meaning set forth in the preamble of this Note. (g) “Borrower Repayment” shall have the meaning set forth in Section 2(c). (h) “Business Day” shall mean any day except Saturday, Sunday and any day which shall be a federal legal holiday in the United States or a day on which banking institutions are authorized or required by law or other government action to close. (i) “Change in Control” shall have the meaning set forth in Section 3(c). (j) “Closing” shall have the meaning given to it in the SEPA. (k) “Combination Repayment” shall have the meaning set forth in Section 7(h). (l) “Combination Repayment” shall have the meaning set forth in Section 2(c). (m) “Deferred Repayment Schedule” shall have the meaning set forth in Section 2(a). (n) “Event of Default” shall have the meaning set forth in Section 3. (o) “Holder” shall have the meaning set forth in the preamble of this Note. (p) “Installment Amount” shall mean the amount of Principal set out under the column “Installment Amount” in the Repayment Schedule. (q) “Interest” shall have the meaning set forth in the preamble of this Note. (r) “Interest Rate” shall have the meaning set forth in Section 2(c). (s) “Issuance Date” shall have the meaning set forth in the preamble of this Note. (t) “Maturity Date” shall have the meaning set forth in Section 2(a).

Advance Repayment. In exchange for an advance, you sell your future received wage payment to B9. By enrolling in B9 Advance Service and obtaining an Advance, you authorize B9 to apply any deposit, including any paycheck deposit to repay the Advance. We reserve the right to debit your Linked Account, debit card or B9 Account for the amount of the advance any time after the later of: (1) we see evidence of a deposit (such as a paycheck) into your Linked Account or B9 Account, or (2) the pay back date selected by you through the B9 App. In the event of non-repayment of an Advance, B9 will make one attempt to pull funds from a linked external account to recover overdue balance. B9 will first attempt repayment from the B9 Account and only if funds are not available then make the one and only attempt to pull funds from the linked account. B9 may attempt a partial repayment of the Advance from the B9 Account and then attempt to pull the remaining balance from the linked account. B9 will attempt to debit the linked account once. However, B9 warrants that it has no legal or contractual claim against you based on a failure to repay an advance, but B9 will not provide you further advances while any amount remains unpaid under the B9 Advance Service. With respect to a failure to repay an Advance, B9 warrants itwill not engage in any debt collection activities, place the amount owed with or sell to a third party, or report you to a consumer reporting agency. B9 does not waive any rights regarding fraudulent activity, and B9 will pursue instances of fraud. If any advance is not repaid within 15 calendar days from the date when we credited your B9 Account or linked account for the cash advance, B9 may unenroll your account from B9 Advance Service. This unenrollment from B9 Advance Service shall not prevent you from using your B9 Account or B9 card or any other B9 Services. You will not be able to obtain further B9 Advances while your prior advance remains outstanding. If you have a linked account and insufficient funds in your B9 Account, B9 may initiate a chargeback on your linked account to satisfy your outstanding B9 Advance. Although B9 is helping users avoid overdraft fees, B9 is not responsible for any overdraft fees, over-the-limit fees, insufficient fund charges, or any other bank fees that result from your failureto maintain a sufficient balance in your Linked Account. B9 monitors your balance and will attempt to ensure you have sufficient funds before debiting your account, but B...

Examples of Advance Repayment in a sentence

• No Payment Premium shall apply in respect of an Advance Repayment.

• Upon the closing of such Advance Notice in accordance with the SEPA, the Holder shall offset the amount due to be paid by the Holder to the Company under the SEPA against an equal amount of the Installment Amount to be paid by the Advance Repayment.

• For so long as this Note is outstanding, unless otherwise agreed by the Holder, if the Company delivers an Advance Notice under the SEPA, the Company shall be deemed to have elected an Advance Repayment in respect of such Advance Notice up to amount outstanding under this Note, until this Note is fully repaid.

• Upon the closing of such Advance Notice in accordance with Section 2.02 of the SEPA, the Holder shall offset the amount due to be paid by the Holder to the Company under the SEPA against the portion of the Installment Amount to be paid by the Advance Repayment.

• The First Phase Advance shall accrue interest until fully repaid at the rate of Four and Seventy Seven Hundredths Percent (4.77%) per year and shall be memorialized in a reimbursement agreement (the “First Phase Advance Repayment Agreement”) as provided in Section 6.1.5. The actual amount of the First Phase Advance shall be the difference between the Port’s share of the actual Project Costs of the First Phase, less the final amount of the First Phase Port Credit, as defined in Section 6.1.1.

• Furthermore, Z-KAT hereby covenants that the proceeds of the Cash Advance Repayment shall only be transferred to a Bone Fide Creditor holding Bone Fide Debt, absent the written consent of the Company.

• Z-KAT and the Company hereby agree and covenants that the Company shall transfer Two Hundred Fifty Thousand Dollars ($250,000) to Z-KAT upon consummation of the Series A Financing (the “Cash Advance Repayment”), and that such Cash Advance Repayment, in conjunction with the issuance to Z-KAT of the Retained Series A Stock, shall be in full satisfaction of all amounts due pursuant to the Cash Advance Letter as of the Contribution Date.

• The agreed upon annual Incremental Maintenance Costs shall be added to the Maintenance Credit, with such addition to be calculated on the same basis as provided above, and the credits and advances described in this First Amendment shall be adjusted accordingly, including, without limitation, through an amendment to the First Phase Advance Repayment Agreement.

• Upon the Closing of such Advance in accordance with Section 2.02 of the SEPA, the Holder shall offset the amount due to be paid by the Holder to the Borrower under the SEPA against the portion of the Installment Amount to be paid by the Advance Repayment.

• Each such notice shall specify therein the following information: (1) the date on which such Borrowing is to be made (which date shall be the EOL Initial Advance Repayment Date), (2) the principal amount of EOL Term Advances comprising such Borrowing, (3) the Type of Borrowing and (4) the duration of the initial Interest Period, if applicable, proposed to apply to the EOL Term Advances comprising such Borrowing.

More Definitions of Advance Repayment

Advance Repayment shall have the meaning set forth in Section (1)(c). (a) “Approved Stock Plan” means any employee benefit plan or share incentive plan which has been approved by the Board of Directors of the Company, pursuant to which the Company’s securities may be issued to any employee, officer or director for services provided to the Company. (b) "Bloomberg" means Bloomberg Financial Markets (or if not available, a similar service provider of national recognized standing). (c) “Business Day” means any day except Saturday, Sunday and any day which shall be a federal legal holiday in the United States or a day on which banking institutions in the State of New York are authorized or required by law or other government action to close. (d) “Buy-In” shall have the meaning set forth in Section (3)(b)(ii).

Advance Repayment or “Advance Repayments” means payment or payments as required to be paid by the City under Section 3.1 the Advance Agreement, as a regularly scheduled payments.