Examples of Capital Advance in a sentence
No Excess Working Capital Advance shall accrue any interest thereon.
To the extent multiple Working Capital Expenses (payment of which is permitted to be made using such Excess Working Capital Advance) are outstanding, any funding or use by the Manager of Excess Working Capital Advances for payment of all or any of the same shall follow the relevant priorities as set forth in the Priority of Payments and in Section 3.1 of the Custodial and Paying Agency Agreement, as applicable.
The proceeds of any Excess Working Capital Advance for an applicable funding of the Defeasance Account shall be deposited into (and the Manager shall remit such proceeds to the Paying Agent for such deposit into) the Defeasance Account.
All Excess Working Capital Advances, together with a detailed statement of the sources and uses thereof (which shall be broken out by the reimbursable and unreimbursable portions thereof), shall be reflected in the Monthly Report with respect to the calendar month during which the relevant Excess Working Capital Advance was made.
Working Capital Advances shall be payable only out of the assets of the Company and only as and to the extent provided in Section 3.03(a), and Participant shall have no liability for, and no Person shall have any recourse against Participant for, any Working Capital Advance or the repayment thereof.
All Excess Working Capital Advances, together with a detailed statement of the sources and uses thereof (which shall be broken out by the reimbursable and unreimbursable portions thereof), shall be reflected in the Monthly Report with respect to the calendar month during which (or, as applicable, the Distribution Date for which) the relevant Excess Working Capital Advance was made.
Working Capital Advance Process • Subrecipients are eligible for a working capital advance if they do not qualify for advance payment and do not have the operating capital to conduct the project on a reimbursement basis initially.
At the Initial Closing, the Working Capital Advance shall convert into shares of Common Stock in full satisfaction of all obligations owing thereunder.
Fiscal Progress Reports shall account for the fiscal activity of the grant project for the time periods accompanying each Request for Reimbursement or Request for Working Capital Advance.
As used in this Rider, the term “HUD Documents” shall mean the following documents relating to the HUD Section 202/811 Capital Advance for the Development (HUD Project No. -NP).