Cash Secured Advance Commencement Date definition

Cash Secured Advance Commencement Date means, with respect to any Bank, the same day as the Term-Out Bank Purchase Date for such Bank, provided that the Cash Secured Advance Commencement Date shall occur if, but only if, the Facility Termination Date shall not have occurred on or prior to such date and no Event of Termination or Incipient Event of Termination exists on such date.
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Cash Secured Advance Commencement Date means, with respect to any Conduit Group, the same day as the Term-Out Liquidity Bank Purchase Date for such Conduit Group, provided that the Cash Secured Advance Commencement Date shall occur if, but only if, the Facility Termination Date, other than pursuant to clause (ii) of the definition thereof, shall not have occurred on or prior to such date and no Amortization Event or Unmatured Amortization Event exists on such date.
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Cash Secured Advance Commencement Date means, with respect to any Lender Group, the Commitment Termination Date for such Lender Group (without giving effect to the proviso within the definition of Commitment Termination Date), provided that the Cash Secured Advance Commencement Date shall occur if, but only if, (i) the Termination Date shall not have occurred on or prior to such date, (ii) no Event of Termination exists on such date and no Incipient Event of Termination related to an Event of Termination described in Sections 7.01(d) or 7.01(i) exists on such date, and (iii) the Borrower has delivered a notice to the Managing Agent, for such Lender Group at least five (5) Business Days prior to such Commitment Date that the Cash Secured Advance Date should occur.
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Examples of Cash Secured Advance Commencement Date in a sentence

  • Such purchase price shall be payable in immediately available funds on the Cash Secured Advance Commencement Date for such Bank.

  • Following such notice, on the Cash Secured Advance Commencement Date for such Bank, such Bank shall, and agrees to, purchase from the Investor such Bank’s ratable share of all Receivable Interests then owned by the Investor for a purchase price equal to the sum of such Bank’s ratable share of the Capital of such Receivable Interests plus accrued and unpaid Yield and Fees thereon.

  • At least three Business Days prior to the Cash Secured Advance Commencement Date for any Bank, the Seller shall notify the Agent if the Seller wishes the purchase described in this Section 2.11 to occur.

  • At least three Business Days prior to the Cash Secured Advance Commencement Date for any Bank, the Seller shall notify the Agent if the Seller wishes the purchase described in this Section 2.14 to occur.

  • Such purchase price shall be payable in immediately available funds on the Cash Secured Advance Commencement Date for such Group.

  • Such purchase price shall be payable in immediately available funds on the Cash Secured Advance Commencement Date for such Conduit Group.

  • Following such notice, on the Cash Secured Advance Commencement Date for such Group, each Bank in such Group shall, and severally agrees to, purchase from the Investor in its Group such Bank’s Ratable Share of all Receivable Interests then owned by such Investor for a purchase price equal to the sum of such Bank’s Ratable Share of the Capital of such Receivable Interests plus accrued and unpaid Yield and Fees thereon.

  • Following such notice, on the Cash Secured Advance Commencement Date for such Bank, such Bank shall, and agrees to, purchase from the Investor such Bank's ratable share of all Receivable Interests then owned by the Investor for a purchase price equal to the sum of such Bank's ratable share of the Capital of such Receivable Interests plus accrued and unpaid Yield and Fees thereon.

  • At least five (5) Business Days prior to the Cash Secured Advance Commencement Date for any Lender Group, the Borrower shall notify the Managing Agent for such Lender Group if the Seller wishes the Committed Lenders in such Lender Group to make the advances described in this Section.

  • At least ten Business Days prior to the Cash Secured Advance Commencement Date for any Conduit Group, the Collection Agent, on behalf of Borrowers, shall notify the Co-Agent for such Conduit Group if the Collection Agent, on behalf of Borrowers, wishes the purchase described in this Section 1.7 to occur.


More Definitions of Cash Secured Advance Commencement Date

Cash Secured Advance Commencement Date means, for any Group, the same day as the Term-Out Lender Funding Date for such Group.
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Cash Secured Advance Commencement Date means, with respect to any Group, the same day as the Term-Out Bank Purchase Date for such Group, provided that the Cash Secured Advance Commencement Date shall occur if but only if, (a) the Facility Termination Date shall not have occurred on or prior to such date pursuant to clause (b) or (c) of the definition thereof and (b) the Termination Date for all Rate Tranches held by members of such Group shall not have occurred on or prior to such date as a result of a notice from the Borrower pursuant to clause (i)(a) of the definition thereof.”
Sample 1
Cash Secured Advance Commencement Date means, with respect to any Lender Group, the Scheduled Termination Date for such Lender Group (without giving effect to the proviso within clause (i) of the definition of Scheduled Termination Date), provided that the Cash Secured Advance Commencement Date shall occur if, but only if, (i) the Termination Date shall not have occurred on or prior to such date, (ii) no Event of Termination exists on such date and no Incipient Event of Termination exists on such date, and (iii) the Borrower has delivered a notice to the Managing Agent, for such Lender Group at least five (5) Business Days prior to the Scheduled Termination Date that the Cash Secured Advance Commencement Date should occur.
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Related to Cash Secured Advance Commencement Date

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

  • Loan Repayment Date means the date a Loan is scheduled to be repaid, as confirmed pursuant to Clause 5.3(c) of this Agreement, which shall in no event be later than the earlier of (i) the date falling six (6) Months from the relevant Utilisation Date and (ii) the Facility Repayment Date.

  • 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).

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

  • Loan Period means with respect to any LIBOR Rate Loan, the period commencing on such LIBOR Rate Loan’s Funding Date, the date of the Conversion of any Base Rate Loan into such LIBOR Rate Loan or the date of the Continuation of such LIBOR Rate Loan for a new Loan Period and ending one week or one, two, three or six months thereafter as selected by the Borrower pursuant to Section 2.2(a); provided, however, that:

  • Loan Year means each period of twelve (12) consecutive months commencing on the Closing Date and on each anniversary thereof.

  • Principal Prepayment Period The month preceding the month in which the related Remittance Date occurs.

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

  • Tranche B Advance has the meaning specified in Section 2.01(b).

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • Applicable Unscheduled Principal Receipt Period With respect to the Mortgage Loans serviced by each Servicer and each of Full Unscheduled Principal Receipts and Partial Unscheduled Principal Receipts, the Unscheduled Principal Receipt Period specified on Schedule I hereto, as amended from time to time by the Master Servicer pursuant to Section 10.01(b) hereof.

  • Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.

  • Subsequent Interest Period has the meaning specified in Section 307.

  • Reset Interest Period means each period from (and including) any Reset Date and ending on (but excluding) the next Reset Date.

  • Equipment Advance is defined in Section 2.1.1.

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Term SOFR Advance means an Advance that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Loan Commencement Date means, with respect to each Growth Capital Loan: (a) the first day of the first full calendar month following the Borrowing Date of such Loan if such Borrowing Date is not the first day of a month; or (b) the same day as the Borrowing Date if the Borrowing Date is the first day of a month.

  • Drawdown Period means the period commencing on the Execution Date and ending on the earlier of (i) 30 April 2012 and (ii) any date on which the Commitment is finally cancelled or fully drawn under the terms of this Agreement;

  • Initial Term Loan Repayment Date shall have the meaning provided in Section 2.5(b).

  • Term Loan Installment Date means any Term B Loan Installment Date or any Incremental Term Loan Installment Date.

  • Loan Payment Date means any date on which any Bond Service Charges are due and payable.

  • Incremental Term Loan Installment Date shall have, with respect to any Class of Incremental Term Loans established pursuant to an Incremental Assumption Agreement, the meaning assigned to such term in Section 2.10(a)(ii).

  • Put Option Repayment Date means the settlement date for the Put Option pursuant to Clause 10.3 (Mandatory repurchase due to a Put Option Event).

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Extended Repayment Date shall have the meaning provided in Section 2.5(c).