Aggregate Outstanding Advances definition

Aggregate Outstanding Advances means, as of any date of determination, the sum of (i) the aggregate principal balance of all Class A Advances outstanding plus (ii) the aggregate principal balance of all Class B Advances outstanding.

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Aggregate Outstanding Advances means on any date, an amount equal to the sum of (i) the aggregate Advances minus (ii) the amounts previously applied to the repayment of such Advances pursuant to Section 4.3.

Aggregate Outstanding Advances. As of any Determination Date, the aggregate of Net Delinquency Advances made for the period from the Cut-Off Date to such Determination Date plus any Delinquency Advance and Collection Account Advance to be made on the next succeeding Distribution Date.

Examples of Aggregate Outstanding Advances in a sentence

For the avoidance of doubt, if the making of an Advance by a Lender Group that would cause the Aggregate Outstanding Advances to exceed the Aggregate Commitment, as applicable, is approved, each Non-Conduit Lender’s Commitment shall be increased solely to the extent such Non-Conduit Lender approved the Advance.
If the making of the requested Advances is not approved by any Non-Conduit Lender so requested, then the Borrower shall, prior to sending its Notice of Borrowing, modify the same in a manner sufficient to ensure that the requested borrowing does not cause the Aggregate Outstanding Advances to exceed the Aggregate Commitment then in effect, as applicable.
Such notice shall be sent no later than five (5) Business Days prior to the date on which the Borrower intends to send the related Notice of Borrowing and shall set forth the amount by which the sum of the Aggregate Outstanding Advances (after giving effect to such borrowing) will exceed the Aggregate Commitment and the related Funding Date.
After giving effect to such Advance, the Aggregate Outstanding Advances shall not exceed the Aggregate Commitment in effect as of such Funding Date unless the Borrower shall have, pursuant to the procedures set forth in Section 2.18(A), received the written approval of the Non-Conduit Lenders with respect to such Advance, such approval to be granted by each Non-Conduit Lender in its sole discretion.
After giving effect to such Advance, the Aggregate Outstanding Advances shall not exceed the lesser of (a) the Aggregate Commitment in effect as of such Borrowing Date and (b) the Borrowing Base as of such Borrowing Date.
On the date on which the Aggregate Outstanding Advances are reduced to zero, the Administrative Agent shall cause the Paying Agent, pursuant to a written direction, to withdraw all amounts on deposit in the SAP Revenue and deposit such amounts into the Collection Account to be paid in accordance with Section 2.7(B).
After giving effect to such Advance, the Aggregate Outstanding Advances shall not exceed the Aggregate Commitment in effect as of such Funding Date unless the Borrower shall have, pursuant to the procedures set forth in Section 2.18, received the written approval of the Non-Conduit Lenders with respect to such Advance, such approval to be granted by each Non-Conduit Lender in its sole discretion.
The Borrower may, from time to time during the Availability Period, prior to the issuance of a Notice of Borrowing, send a written notice to the Administrative Agent and each Lender Group setting forth the Borrower’s intent to request a borrowing that will cause the Aggregate Outstanding Advances to exceed the Aggregate Commitment (but not the Maximum Facility Amount) then in effect.
Interest on the Aggregate Outstanding Advances shall be payable on each Remittance Date.
The notice of prepayment shall specify the prepayment date, shall be irrevocable and shall commit Borrower to prepay the Aggregate Outstanding Advances in full (or a lesser amount mutually agreed upon by the Parties) on the date stated therein.

More Definitions of Aggregate Outstanding Advances

Aggregate Outstanding Advances means, as of any date of determination, the sum of the aggregate principal balance of all Advances outstanding as of such date of determination. “Agreement” has the meaning set forth in the introductory paragraph hereof. “Allocated Services Provider Fees” means for a Solar Asset with respect to each calendar month in the initial term of the related Customer Agreement, the product of (1) 1/12 and (2) the DC kW of installed nameplate capacity of the related PV System and (3) the Allocated Services Provider Fee Base Rate for such Solar Asset. “Allocated Services Provider Fee Base Rate” shall be (i) for a Solar Asset without an energy storage device, an amount equal to $[***] and on each January Determination Date commencing in January 2025 shall be increased by 3.00% and (ii) for a Solar Asset with an energy storage device, an amount equal to $[***] and on each January Determination Date commencing in January 2025 shall be increased by 3.00%. “Amortization Period” means the period commencing at the end of the Availability Period (which may end and the Availability Period may re-start in certain circumstances when an Early Amortization Event is cured in accordance with the definition thereof). “Amortization Period Margin” means (i) with respect to any Advance (or portion thereof) actually funded by an Approved Commercial Paper Rate Conduit Lender through the issuance of Commercial Paper, for any Interest Accrual Period (or portion thereof) occurring during an Amortization Period when an Event of Default is not continuing, 3.35% per annum, and (ii) for all other Advances (or portions thereof), for any Interest Accrual Period (or portion thereof) occurring during an Amortization Period when an Event of Default is not continuing, 3.65% per annum. “A.M. Best” means A. M. Best Company, Inc. and any successor rating agency.

Aggregate Outstanding Advances means, on any date of determination, an amount equal to the aggregate principal amount of all then outstanding Advances made by all Lenders.

Aggregate Outstanding Advances. As of any Determination Date, the aggregate of Net Voluntary Advances, Net Trustee Advances and Net Advance Account Advances made for the period from the Cut-Off Date to such Determination Date (plus any Voluntary Advances, Trustee Advances, Advance Account Advances, Affiliated Certificate Account Advances and Third Party Certificate Account Advances to be made on the next succeeding Distribution Date).