Class B Advance definition

Class B Advance has the meaning specified in Section 2.01.

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Class B Advance has the meaning specified in Clause 2.2(b)(i) (Class B Advances) of the Issuer Facility Agreement.

Class B Advance means each advance of funds by a Class B Lender to the Borrowers under Section 2(a). “Class B Advance Amount” shall have the meaning ascribed to such term in the Side Letter.

Examples of Class B Advance in a sentence

Proceeds from any Class B Advance shall be deposited into the Series 2021-A Principal Collection Account.
Upon HVF III’s request in accordance with Section 2.2(b)(i) (Class B Advance Requests): A.
The Class B Advance funded or maintained by a Class B Investor Group during the related Series 2021-A Interest Period shall bear interest at the Class B Note Rate per annum, and shall accrue based upon a rate agreed in writing with each holder of the Class B Notes.
Subject to the other conditions set forth in this Section 2.2(b) (Class B Advances), on the date of each Class B Advance, each Class B Conduit Investor, if any, and Class B Committed Note Purchaser(s) funding such Class B Advance shall make available to HVF III its portion of the amount of such Class B Advance by wire transfer in U.S. dollars in same day funds to the Series 2021-A Principal Collection Account no later than 2:00 p.m. (New York City time) on the date of such Class B Advance.
HVF III shall be limited to one Class B Advance Request per calendar month; provided that if such Class B Advance Request is not approved or a portion of the requested Class B Advance is outstanding, HVF III may submit an additional Class B Advance Request to cover such unapproved or unpaid amounts, as applicable.

More Definitions of Class B Advance

Class B Advance means, individually or collectively as the context may require, the Class B-I Advances and the Class B-II Advances.

Class B Advance has the meaning specified in the recitals.

Class B Advance shall have the meaning set forth in Section 2.2.

Class B Advance means each advance of funds by a Class B Lender to the Borrowers under Section 2(a).

Class B Advance has the meaning set forth in paragraph 4 of the recitals to the Class B Note Purchase Agreement.

Class B Advance means an increase in the Class B Note Principal Balance during the Revolving Period made pursuant to Section 2.2(a) and the Class B Loan Agreement.

Class B Advance. Defined in Section 2.1(d).