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

Examples of Discretionary Advance in a sentence

• 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.

• 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).

• Interest accruing on the Term B Note and the Discretionary Advance Note shall be due and payable in arrears on the first day of each month.

• If the Lender makes Discretionary Advances after the initial Discretionary Advance, the amount of each installment will be increased so that the remaining payments would fully amortize the outstanding principal balance of the Discretionary Advance Note in substantially equal amounts by the Assumed Maturity Date; and (2) On the Maturity Date, the entire unpaid principal balance of the Discretionary Advance Note, and all unpaid interest accrued thereon, shall in any event be due and payable.

More Definitions of Discretionary Advance

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:

Discretionary Advance has the meaning given to such term in Section 3(c). Loan Agreement Prosper 236, Collin County, Texas 3

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 a Discretionary Tranche 1 Advance, a Discretionary Tranche 2 Advance or a Discretionary Tranche 3 Advance.

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

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 assigned to such term in subsection 9.10.