Deemed Advance definition

Deemed Advance means an Advance pursuant to Section 5.3 of the Intercompany Loan Agreement;
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Deemed Advance means, on any Interest Payment Date (as defined in Clause 5.1.1) an amount equal to the interest accrued on the Advance but unpaid on that Interest Payment Date.
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Deemed Advance means the Advance deemed to be made in the amount of, and on the date of, any Utilisation.
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Examples of Deemed Advance in a sentence

  • The Cash Manager shall ensure that each Advance (including each Deemed Advance), each repayment, all payments of interest and repayments of principal of each Advance hereunder and the amount of the Guarantee Loan and Demand Loan at each Calculation Date are recorded in the Intercompany Loan Ledger at the appropriate time (which in the case of the amount of the Guarantee Loan and the Demand Loan at least two days prior to the Guarantor Payment Date following such Calculation Date).

  • The Subordinated Loan Provider will be obliged to make a Deemed Subordinated Advance where the conditions required to be met in order for the Intercompany Loan Provider to make a Deemed Advance under the Intercompany Loan Agreement are not met.

  • The Grantor represents and warrants, on the Closing Date and on each Interest Payment Date throughout the period of the Term in relation to which a Deemed Advance Notice has been given is made available, that no Receivable requires the consent of the Account Debtor in respect thereof in connection with the pledge hereunder, except any consent which has been obtained.

  • A Deemed Advance shall not exceed the Commitment for the applicable period less any Advances then outstanding.

  • Each Deemed Advance shall be charged as an Advance against the Revolving Line, regardless of (i) the existence of an Event of Default, (ii) whether the conditions precedent set forth in Section 10 of Schedule 1 or elsewhere in this Agreement have been satisfied and (iii) whether such Deemed Advance will cause the total of all Advances outstanding under the revolving demand facility to exceed the Maximum Amount.

  • To the extent of the Deemed Advance so disbursed, the reimbursement obligation of the Borrower to the Bank under this Section 4(e) shall be deemed satisfied.

  • The Retainage shall be advanced on request by Borrower on a Contract by Contract basis when payable under the terms of each Construction Contract, subject to, where applicable, receipt by Agent of final lien waiver(s) for said Contract, and satisfaction of all other conditions precedent to such Total Deemed Advance set forth herein.

  • There are no actions, suits, claims or administrative matters pending or, to the Knowledge of Seller, threatened or reasonably anticipated against Seller or any of the Employees relating to any Employee or Benefit Plan.

  • On the date of each Utilisation, a Deemed Advance shall be deemed to have been made to the Borrower under the Coal Facility or the Capex Facility, as the case may be (with a first Interest Period ending on the next succeeding date for the payment of interest in relation to a Coal Advance or a Capex Advance, as the case may be) and the Available Commitments under the Coal Facility or the Capex Facility, as the case may be, shall automatically be reduced accordingly.

  • DISBURSEMENT PROCEDURES; BORROWER’S PAYMENT INSTRUCTIONS 30 3.1 Availability of Facility 30 3.2 Delivery of a Drawing Request 31 3.3 Completion of a Drawing Request 31 3.4 Currency and Amount of Disbursement 31 3.5 Disbursement 31 3.6 Borrower’s Payment Instructions 32 3.7 Deemed Advance of Deferred Tranche 32 4.


More Definitions of Deemed Advance

Deemed Advance shall have the meaning specified in Section 2.02(b).
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Deemed Advance. Banker’s Acceptances
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Related to Deemed Advance

  • Permitted Advance means an advance of funds by the Assuming Bank with respect to a Shared-Loss Loan, or the making of a legally binding commitment by the Assuming Bank to advance funds with respect to a Shared-Loss Loan, that (i) in the case of such an advance, is actually made, and, in the case of such a commitment, is made and all of the proceeds thereof actually advanced, within one (1) year after the Commencement Date, (ii) does not cause the sum of (A) the book value of such Shared-Loss Loan as reflected on the Accounting Records of the Assuming Bank after any such advance has been made by the Assuming Bank plus (B) the unfunded amount of any such commitment made by the Assuming Bank related thereto, to exceed 110% of the Book Value of such Shared-Loss Loan, (iii) is not made with respect to a Shared-Loss Loan with respect to which (A) there exists a related Shared-Loss Loan Commitment or (B) the Assuming Bank has taken a Charge-Off and (iv) is made in good faith, is supported at the time it is made by documentation in the Credit Files and conforms to and is in accordance with the applicable requirements set forth in Article III of this Commercial Shared- Loss Agreement and with the then effective written internal credit policy guidelines of the Assuming Bank; provided, that the limitations in subparagraphs (i), (ii) and (iii) of this definition shall not apply to any such action (other than to an advance or commitment related to the remediation, storage or final disposal of any hazardous or toxic substance, pollutant or contaminant) that is taken by Assuming Bank in its reasonable discretion to preserve or secure the value of the collateral for such Shared-Loss Loan.

  • Unpaid Advance has the meaning assigned to such term in Section 2.05.

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • Interest Advance means an Advance made pursuant to Section 2.02(a).

  • 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.

  • 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).

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Unliquidated Advance Any Advance previously made by a party hereto that has been previously reimbursed, as between the Person that made the Advance hereunder, on the one hand, and the Trust Fund, on the other, as part of a Workout-Delayed Reimbursement Amount pursuant to subsections (ii) (B) and (C) of Section 3.06(a) of this Agreement but that has not been recovered from the Mortgagor or otherwise from collections on or the proceeds of the Mortgage Loan or REO Property in respect of which the Advance was made.

  • Eligible advance means an advance made before August 19, 1993.

  • Nonrecoverable Advance Any portion of an Advance previously made or proposed to be made by the Master Servicer that, in the good faith judgment of the Master Servicer, will not be ultimately recoverable by the Master Servicer from the related Mortgagor, related Liquidation Proceeds or otherwise.

  • Final Advance means an Advance made pursuant to Section 2.02(d).

  • Simple Interest Advance means, with respect to a Simple Interest Receivable, the amount, as of the last day of a Collection Period, which is advanced with respect to such Simple Interest Receivable by the Servicer pursuant to Section 4.4(a) of the Sale and Servicing Agreement.

  • Revolving Advance has the meaning given in Section 2.1.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Tax Advance has the meaning set forth in Section 6.02(a).

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

  • 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).

  • Delinquency Advance As defined in Section 8.09(a) hereof.

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

  • ABR Advance means an Advance which bears interest at the ABR Rate.

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

  • Defaulted Advance means, with respect to any Lender Party at any time, the portion of any Advance required to be made by such Lender Party to the Borrower pursuant to Section 2.01 or 2.02 at or prior to such time that has not been made by such Lender Party or by the Administrative Agent for the account of such Lender Party pursuant to Section 2.02(e) as of such time. In the event that a portion of a Defaulted Advance shall be deemed made pursuant to Section 2.15(a), the remaining portion of such Defaulted Advance shall be considered a Defaulted Advance originally required to be made pursuant to Section 2.01 on the same date as the Defaulted Advance so deemed made in part.

  • Servicing Advance shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

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

  • Periodic Advance The aggregate of the advances required to be made by a Servicer on any Distribution Date pursuant to its Servicing Agreement or by the Master Servicer or the Trustee hereunder, the amount of any such advances being equal to the total of all Monthly Payments (adjusted, in each case (i) in respect of interest, to the applicable Mortgage Interest Rate less the applicable Servicing Fee in the case of Periodic Advances made by a Servicer and to the applicable Net Mortgage Interest Rate in the case of Periodic Advances made by the Master Servicer or Trustee and (ii) by the amount of any related Debt Service Reductions or reductions in the amount of interest collectable from the Mortgagor pursuant to the Soldiers' and Sailors' Civil Relief Act of 1940, as amended, or similar legislation or regulations then in effect) on the Mortgage Loans, that (x) were delinquent as of the close of business on the related Determination Date, (y) were not the subject of a previous Periodic Advance by such Servicer or of a Periodic Advance by the Master Servicer or the Trustee, as the case may be and (z) have not been determined by the Master Servicer, such Servicer or Trustee to be Nonrecoverable Advances.