Credit Line Advance definition

Credit Line Advance. With respect to a Revolving Credit Loan, a principal disbursement to a Mortgagor under the terms of the related Mortgage Note (collectively, “Credit Line Advances”).]
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Credit Line Advance. With respect to a Revolving Credit Loan, a principal disbursement to a Mortgagor under the terms of the related Mortgage Note (collectively, “Credit Line Advances”).] [Credit Risk Management Agreement: (i) The Credit Risk Management Agreement dated as of the Closing Date, entered into by the Servicer (or a subservicer on behalf of the Servicer) and the Credit Risk Manager, in the form included in Exhibit G attached hereto; and (ii) the Credit Risk Management Agreement dated as of the Closing Date, entered into by the Master Servicer and the Credit Risk Manager, in the form included in Exhibit G attached hereto.] [Credit Risk Manager: [ ], a [ ] corporation, and its successors and assigns.]
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Credit Line Advance. With respect to a Revolving Credit Loan, a principal disbursement to a Mortgagor under the terms of the related Mortgage Note (collectively, “Credit Line Advances”).] [Credit Risk Management Agreements: The Loan Performance Advisor Agreement and the Loan Performance Advisor Agreement Term Sheet, each dated as of the Closing Date, entered into by the Subservicer and [the Credit Risk Manager], in the form of Exhibit N attached hereto.] [Credit Risk Manager: [ ], a [ ] limited liability company, and its successors and assigns.]
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Examples of Credit Line Advance in a sentence

  • The Servicer shall provide to the Mortgagors all checks, drafts or other documentation necessary for such Mortgagors to obtain a Credit Line Advance.

  • The Servicer[s] shall provide to the Mortgagors all checks, drafts or other documentation necessary for such Mortgagors to obtain a Credit Line Advance.

  • The Interest Charge begins on the date the Credit Union makes a Credit Line Advance to your Share Draft Account.

  • The principal amount of each Credit Line Advance shall not be less than $600,000.00.

  • There will be no time period during which you may repay a Credit Line Advance without incurring an Interest Charge.

  • New equipment and/or machinery acquired or to be acquired by Borrower with the proceeds of a Credit Line Advance.

  • With respect to any Credit Line Advance that shall constitute purchase money financing with respect to a new Credit Line Asset, 80%, and (b) with respect to any other Credit Line Asset, 100%.

  • Interest on the outstanding and unpaid daily balance of the Credit Line will accrue at the Interest Rate, calculated monthly on the 10th Business Day of each month and compounded monthly, not in advance, before and after each of maturity, default and judgment, commencing on the First Credit Line Advance Date until the whole of the Credit Line is paid in full.

  • Subject to the further provisions of this Section 3, the Agent will fund the Second Credit Line Advance no later than 4:30 p.m., Minneapolis time, on the Business Day requested by the Borrower.

  • On or before 3:30 p.m., Minneapolis time, on such Business Day, each Bank shall deposit with the Agent same-day funds constituting such Bank’s Second Credit Line Percentage of the Second Credit Line Advance.


More Definitions of Credit Line Advance

Credit Line Advance means an advance drawn or to be drawn, under the terms of the Facility Documents, by the Client, in such Suitable Currency and of such amount as may be agreed to and accepted by the Bank or, as the case may be, the principal amount of such Credit Line Advance for the time being outstanding;
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Related to Credit Line Advance

  • Swing Line Advance means an advance made by (a) the Swing Line Bank pursuant to Section 2.01(c) or (b) any Lender pursuant to Section 2.02(b).

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • Revolving Advance has the meaning given in Section 2.1.

  • Letter of Credit Advance means an advance made by any Issuing Bank or any Lender pursuant to Section 2.03(c).

  • Swing Line Loan has the meaning specified in Section 2.04(a).

  • Revolving Line of Credit means the Commitments of the Lenders to make Revolving Loans pursuant to Section 3 of this Financing Agreement and assist the Companies in opening Letters of Credit, Bankers Acceptances, Steamship Guarantees and Airway Releases pursuant to Section 5 of this Financing Agreement, in an aggregate amount equal to $250,000,000.

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Swing Line Loan Commitment means the commitment of Swing Line Lender to make Swing Line Loans to Company pursuant to subsection 2.1A(iii).

  • Swing Line Loans as defined in Section 2.6.

  • Swingline Loan Note a promissory note in the form of Exhibit H-2, as it may be amended, supplemented or otherwise modified from time to time.

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

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

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

  • Swing Line Loan Commitment Amount means, on any date, $5,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Swing Loan Note means the Swing Loan Note of the Borrower in the form of Exhibit 1.1(S) evidencing the Swing Loans, together with all amendments, extensions, renewals, replacements, refinancings or refundings thereof in whole or in part.

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

  • Swingline Loan Request has the meaning set forth in Section 2.06(b).

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

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

  • Swingline Loan means a Loan made pursuant to Section 2.04.

  • Revolver Loan a loan made pursuant to Section 2.1, and any Swingline Loan, Overadvance Loan or Protective Advance.

  • Swing Loan Commitment means PNC Bank’s commitment to make Swing Loans to the Borrower pursuant to Section 2.1.2 hereof in an aggregate principal amount up to $10,000,000.

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.

  • Letter of Credit Limit means $5,000,000.

  • Swing Line Loan Notice means a notice of a Swing Line Borrowing pursuant to Section 2.04(b), which, if in writing, shall be substantially in the form of Exhibit B.