Amount Advanced definition
Examples of Amount Advanced in a sentence
The Town’s obligation to provide indemnification under this Ar- ticle continues even after there is no longer any outstanding principal balance of the Amount Advanced and extends to any successor to the Lender.
No provision of this Contract will be construed to pledge or to create a lien on any class or source of the Town's moneys (other than the Amount Advanced and any Net Proceeds), nor will any provision of this Contract restrict the Town's future is- suance of any of its bonds or other obligations payable from any class or source of the Town's moneys (except to the extent the this Contract and the Deed of Trust re- strict the incurrence of additional obligations secured by the Mortgaged Property).
The Town may then use any remaining portion of the Amount Advanced not needed to pay remaining Project Costs for any lawful purpose not in conflict with the Town’s obli- gations under Section .
The Lender is making the advance by paying the full Amount Advanced to the Town on the Closing Date.