All Equipment Advances definition

All Equipment Advances currently amortizing under Section 2.1.2 shall continue to be repaid as provided in Section 2.1.
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Examples of All Equipment Advances in a sentence

  • All Equipment Advances shall be evidenced by the Equipment Term Note to be executed and delivered by Borrowers to Bank on the Closing Date and shall be repaid in accordance with the terms of the Equipment Term Note.

  • All Equipment Advances made after the Equipment Availability End Date One, but prior to the Equipment Availability End Date Two shall be evidenced by an Equipment Term Note ("Equipment Term Note No. 2") to be executed and delivered by Borrowers to Bank on the Closing Date.

  • All Equipment Advances made after the Equipment Availability End Date One, but prior to the Equipment Availability End Date Two shall be repaid in accordance with the terms of Equipment Term Note No. 2.

  • All Equipment Advances made prior to the Equipment Availability End Date One shall be repaid in accordance with the terms of Equipment Term Note No. 1.

  • All Equipment Advances made prior to the Equipment Availability End Date One shall be evidenced by an Equipment Term Note ("Equipment Term Note No. 1") to be executed and delivered by the Borrower to Bank on the Closing Date.

  • All Equipment Advances made after the Tranche One End Date, but prior to the Equipment Availability End Date shall be evidenced by an Equipment Term Note ("Equipment Term Note No. 2") to be executed by Borrower and delivered to Bank on the Closing Date.

  • All Equipment Advances issued under the Temporary Equipment Sublimit will be considered an Advance under the Committed Revolving Line until such time as Borrower has met the criteria as described in subsection (d) (ii) of Section 2.1.

  • All Equipment Advances made after the Tranche One End Date shall be governed by and repaid in accordance with the terms of the Equipment Term Note No.

  • All Equipment Advances that are outstanding on the Equipment Facility Availability Date will be payable in thirty-six (36) equal monthly installments of principal, plus accrued interest, on the Payment Date for each month through the Equipment Maturity Date.

  • All Equipment Advances shall be evidenced by, and repaid with interest in accordance with, a single promissory note of Borrower in substantially the form of EXHIBIT C-1 attached hereto, duly completed, executed, and delivered to Lender, in the principal amount of up to $3,000,000.00 and dated, of even date herewith, payable to Lender, and maturing on the Maturity Date (the "EQUIPMENT NOTE").

Related to All Equipment Advances

  • Equipment Advance has the meaning set forth in Section 2.1.2.

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

  • Equipment Loan means middle market equipment loans that consist of loans made to obligors in the United States of America primarily secured by new or used transportation equipment and managed by the Equipment Finance reporting category of the Commercial Lending and Leasing division of GE Capital.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Equipment Line means a Credit Extension of up to Five Million Dollars ($5,000,000).

  • Loan Advance The meaning specified in Section 2.2(a).

  • Permitted Intercompany Advances means loans made by (a) a Loan Party to another Loan Party other than Parent, (b) a Subsidiary of a Loan Party that is not a Loan Party to another Subsidiary of a Loan Party that is not a Loan Party, and (c) a Subsidiary of a Loan Party that is not a Loan Party to a Loan Party, so long as the parties thereto are party to the Intercompany Subordination Agreement.

  • Agent Advances has the meaning set forth in Section 2.3(e)(i).

  • Term Advance has the meaning specified in Section 2.01(a).

  • Inventory Advance Rate shall have the meaning set forth in Section 2.1(a)(y)(ii) hereof.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Performing Equipment Note “Person”, “Pool Balance”, “Rating Agencies”, “Regular Distribution Date”, “Replacement Liquidity Facility”, “Responsible Officer”, “Scheduled Payment”, “Special Payment”, “Stated Interest Rate”, “Subordination Agent”, “Taxes”, “Threshold Rating”, “Transfer”, “Trust Agreement”, “Trustee”, “Underwriters”, and “Underwriting Agreement”.

  • The Advance Work Order or “Letter of Intent” means the intention of Purchaser to place the Work Order on the bidder.

  • Property Protection Advances shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement or Non-Lead Securitization Servicing Agreement, as applicable.

  • or "Advances means a cash advance or cash advances under the Revolving Facility.

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • Overadvance Loan means a Base Rate Loan made when an Overadvance exists or is caused by the funding thereof.

  • Cash Advances These are from cash advances and cash equivalent transactions you make with your account. “Special Offers” These are from your use of the account to take advantage of special, introductory, or promotional offers we make available to you at times. Each such transaction may be kept track of separately on your statement and may be treated as its own Balance Category. “Eligible Purchases” These are from purchases of goods and services you make with your account (a) at certain merchants or of specified types listed in the Schedule; and (b) in which a single or multiple items are purchased in the same transaction totaling certain amounts as listed in the Schedule. Each Eligible Purchase may be kept track of separately on your statement and may be treated as its own Balance Category. Eligible Purchase(s) may also be referenced and abbreviated as “Elig Purch” in some locations in the Schedule.

  • Revolving Advances means Advances made other than Letters of Credit.

  • Non-Performing Equipment Note means an Equipment Note issued pursuant to an Indenture that is not a Performing Equipment Note.

  • SOFR Advance means an Advance that bears interest at a rate based on Term SOFR.

  • Outstanding Advances means, with respect to a Receivable and the last day of a Collection Period, the sum of all Advances made as of or prior to such date, minus (1) all payments or collections as of or prior to such date which are specified in Section 4.04(b) and (c) as applied to reimburse all unpaid Advances with respect to such Receivable and (2) all amounts for which the Servicer has deemed to have released all claims for reimbursement of Outstanding Advances pursuant to Section 3.08.

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Permitted Loans means:

  • Interest Advance means an Advance made pursuant to Section 2.02(a).

  • Additional Collateral Loan Each Mortgage Loan that is supported by Additional Collateral.