Advancing Party definition

Advancing Party has the meaning set forth in Section 7.1(b).

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Advancing Party as defined in Section 3.12. affiliate: with respect to any specified Person, a Person that directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with, such specified Person; provided, however, that for purposes of this Agreement, no member of either Group and no officer or director of any member of either Group shall be deemed to be an affiliate of any member of the other Group.

Advancing Party shall have the meaning set forth in the first paragraph hereof.

Examples of Advancing Party in a sentence

• The Advancing Party may, in its sole discretion, change the terms of Firm Advances (including the terms contained herein) and/or discontinue the making of Firm Advances; provided, that (i) the Advancing Party shall notify the relevant Partners of any material changes to such terms and (ii) the interest rate applicable to such Firm Advances and overdue amounts thereon shall not exceed the maximum interest rate allowable by applicable law.

• The making and repayment of each Firm Advance shall be recorded in the books and records of the Partnership, and such recording shall be conclusive evidence of each such Firm Advance, binding on the Partner and the Advancing Party absent manifest error.

• Except as provided below, the interest rate applicable to a Firm Advance shall equal the cost of funds of the Advancing Party at the time of the making of such Firm Advance.

• Each such Partner shall pay interest to the Advancing Party on each Firm Advance from the date of such Firm Advance until the repayment thereof by such Partner.

• Each Firm Advance shall be repayable in full, including accrued interest to the date of such repayment, upon prior written notice by the Advancing Party.

• The Advancing Party shall inform any Partner of such rate upon such Partner’s request; provided, that such interest rate shall not exceed the maximum interest rate allowable by applicable law; provided further, that amounts that are otherwise payable to such Partner pursuant to Section 7.4(a) shall be used to repay such Firm Advance (including interest thereon).

More Definitions of Advancing Party

Advancing Party. JPMorgan Chase Bank ---------------

Advancing Party has the meaning set forth in Section 4.3(a).

Advancing Party shall have the meaning as defined in Section 7.3.

Advancing Party means MS Real Estate Special Situations Inc., Stichting Pensionfonds ABP, Stichting Bedrijspensioenfonds Voor De Metaalnijverheid, The Morg▇▇ ▇▇▇n▇▇▇ ▇▇▇l Estate Special Situations Fund I, L.P. and The Morg▇▇ ▇▇▇n▇▇▇ ▇▇▇l Estate Special Situations Fund II, L.P., collectively and severally. As used herein, the "Advancing Party" shall include the Colorado Investor regardless of the whether it is acting jointly with Buyer, as a member of the Advancing Party, or on its own behalf.

Advancing Party shall have the meaning ascribed to such term in the Buyer Registration Rights Agreement).

Advancing Party. Bank of America, N.A., in its capacity as the entity responsible for reimbursing Servicing Advances to the Servicer hereunder pursuant to, and subject to, Section 5.15, or any successor or permitted assignee.