Affiliate Advance definition

Affiliate Advance has the definition set forth in Section 6.5.
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Affiliate Advance means and be limited to a payment made by an Affiliate to a third party on behalf of Borrower, the repayment of which remains an unsecured obligation of the Borrower, provided: (i) such payment shall have been made by the Affiliate to enable the Borrower to pay for its ordinary and customary operating expenses or property or capital expense (exclusive of any payments of debt service under any loan made to Borrower, including, without limitation, the Debt secured by this Security Instrument), (ii) upon an Event of Default under the Note, this Security Instrument or the Other Security Documents, no payments of or accrual of interest or principal shall be made or required on or before the repayment of all sums due under the Note, this Security Instrument or the Other Security Documents, and (iii) the obligation of Borrower, whether written or otherwise, shall be (a) subordinate in lien and payment to the Debt, (b) non-defaultable and non-callable upon a default (monetary or nonmonetary) or otherwise, prior to one year and a day from the repayment of all sums due under the Note, this Security Instrument or the Other Security Documents and (c) unsecured obligation of Borrower at all times.
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Affiliate Advance shall have the meaning given such term in Section 3.08.
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Examples of Affiliate Advance in a sentence

  • Requests for AHCCCS’ prior approval of such transactions shall be made in accordance with the requirements of ACOM Policy 305: Performance Bond and Equity Per Member Requirements, ACOM Policy 418: Provider and Affiliate Advance and Loan Request, and the AHCCCS Financial Reporting Guide as applicable.

  • Refer to the ACOM Provider and Affiliate Advance Request Policy for further information.

  • In addition, no new Affiliate Advances shall be made to any Borrowing Affiliate that is in breach of a Material Affiliate Advance Facility Covenant unless the Borrower is nevertheless obligated under such Affiliate Advance Facility to extend additional Affiliate Advances thereunder.

  • Notwithstanding the foregoing, or any other provision of this Guaranty, this Guaranty may be enforced against Guarantor only if a Triggering Event has occurred and no directly related Triggering Event Cure exists or has occurred, provided that in the case of a Permitted Affiliate Advance, Guarantor’s liability under this Guaranty will be limited to the amount of such Permitted Affiliate Advance.


More Definitions of Affiliate Advance

Affiliate Advance means any "Advance" made to the other Affiliate Company pursuant to Section 2.1 of the Affiliate Agreement.
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Affiliate Advance means any "Advance" made to the other Affiliate Company pursuant to Section 2.1 of the other Affiliate Agreement.
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Related to Affiliate Advance

  • Fixed Rate Advance means an Advance which bears interest at a Fixed Rate.

  • Floating Rate Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the Floating Rate.

  • LIBO Rate Advance means a Pro Rata Advance that bears interest as provided in Section 2.04(a)(ii).

  • ABR Advance means an Advance which bears interest at the ABR Rate.

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.06(a)(i).

  • Eurodollar Rate Advance means an Advance that bears interest as provided in Section 2.06(a)(ii).

  • Eurocurrency Rate Advance means a Revolving Credit Advance denominated in Dollars or a Committed Currency that bears interest as provided in Section 2.07(a)(ii).

  • Prime Rate Advance means an Advance that bears interest based at the Prime Rate.

  • Fixed Rate Advances has the meaning specified in Section 2.03(a)(i).

  • Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).

  • 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.

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Eurodollar Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurodollar Rate.

  • LIBO Rate Advances means a Competitive Bid Advance denominated in Dollars or in any Foreign Currency and bearing interest based on the LIBO Rate.

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

  • Alternate Base Rate Advance means an Advance which bears interest at the Alternate Base Rate.

  • Fixed Rate Borrowing means a Borrowing comprised of Fixed Rate Loans.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • Eurocurrency Advance means an Advance which, except as otherwise provided in Section 2.12, bears interest at the applicable Eurocurrency Rate.

  • 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.

  • Revolving Advance has the meaning given in Section 2.1.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • Eurodollar Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • SOFR Advance means any Loan which, except as otherwise provided in Section 2.10, bears interest at a rate based on Adjusted Term SOFR (other than a Floating Rate Advance as to which the interest rate is determined with reference to Adjusted Term SOFR or a SOFR Market Index Rate Advance).