Discretionary Advance definition

Discretionary Advance has the meaning given to such term in Section 3(c).

Discretionary Advance means an unsecured discretionary advance made to any Conduit Lender to repay maturing Notes.

Discretionary Advance means an unsecured discretionary advance made to any Conduit Lender to repay maturing Notes. “Dynamic Dilution Reserve Percentage” means, with respect to any date of determination, an amount equal to:

Examples of Discretionary Advance in a sentence

• The making by Lender of any Discretionary Advance shall not cure or waive any Event of Default hereunder (except only for an Event of Default that has been cured to Lender’s satisfaction as confirmed by Lender’s execution of a written agreement specifically acknowledging and describing the Event of Default so cured, and for an Event of Default that has been waived by Lender as confirmed by Lender’s execution of a written agreement specifically acknowledging and describing the Event of Default so waived).

• Each Discretionary Advance shall, upon disbursement, automatically constitute principal outstanding hereunder and cause a corresponding increase in the aggregate amount of the Debt (even if such Discretionary Advance causes the outstanding principal amount of the Note to exceed the Commitment or the face amount of the Note).

• Borrower agrees that each Discretionary Advance may, in Lender’s discretion, reduce the amount of availability, if any, under the Commitment and may, in Lender’s discretion, reduce the amount of available Interest Reserve, if any.

• Each Discretionary Advance shall, upon disbursement, automatically constitute principal outstanding hereunder and cause a corresponding increase in the aggregate amount of Borrower’s obligations hereunder (even if such Discretionary Advance causes the aggregate amount outstanding hereunder to exceed the face amount of this Note).

• The making by Lender of any Discretionary Advance shall not cure any Event of Default hereunder, unless Lender provides Borrower with a written waiver of such Event of Default.

More Definitions of Discretionary Advance

Discretionary Advance has the meaning set forth in Section 2.1(a)(iii).

Discretionary Advance has the meaning given to such term in Section 3(c). Loan AgreementFrisco 113, Collin County, Texas 3

Discretionary Advance has the meaning given in Section 2.6(d). "Discretionary Advance Limit" means $1,900,000. "Discretionary Advance Note" means the promissory note of the Borrowers, payable to the order of the Lender in substantially the form of Exhibit E hereto, and any note or notes issued in substitution therefor, as the same may hereafter be amended, supplemented or restated from time to time. "Discretionary Advance Period" means the period beginning on the later of (a) April 30, 2001 or (b) the date that all of the Subordinated Debt owed by the Borrower to Special Value Bond Fund is paid in full; and ending on the Termination Date. "Discretionary Reduction" means any of the following that is unilaterally adopted by the Lender through the exercise of its sole discretion at any time except during a Default Period: (A) a reduction (in accordance with subsection (b) of the definition of Borrowing Base) in any advance rate under any Borrower's Borrowing Base; (B) a disqualification (in accordance with subsection (xiii) of the definition of Eligible Accounts) of any Account that would otherwise have been an Eligible Account; or (C) disqualification (in accordance with subsection (ix) of the definition of Eligible Inventory) of any Inventory that would otherwise have been Eligible Inventory. Notwithstanding the foregoing, neither of the following shall be considered a Discretionary Reduction:

Discretionary Advance means an unsecured discretionary advance made to a Conduit Lender to repay maturing Notes. “Dollars” and “$” each mean the lawful currency of the United States.

Discretionary Advance has the meaning given to such term in Section 3(c). Loan Agreement – Sxxxxxxx Xxxxxx 0X, Xxxx Xxxx Xxxxxx, Xxxxx 3

Discretionary Advance has the meaning given in Section 2.6(d).

Discretionary Advance means any Advance of the $2 million increase in the Term Loan Commitment pursuant to the Amendment Number One to BiznessOnline.Com, Inc. Loan Documents in accordance with Sectiox 0.0 xxxxxx.