Existing Advance means, for each Existing Lender, all of such Existing Lender's rights in and to, and all of its obligations under, the Advances (as defined in the Existing Credit Agreement) owing to it under the Existing Credit Agreement, the aggregate amount of which for each Existing Lender is set forth opposite its name on Schedule 8.13 hereto.
Existing Advance shall have the meaning given to that term in RECITAL A.
Existing Advance has the meaning assigned in the recitals hereof.
Examples of Existing Advance in a sentence
Each Existing Advance and each other advance hereunder from time to time (each an “Advance” and, collectively, the “Advances”) shall be evidenced by a single promissory note substantially in the form of Exhibit B attached hereto (the “Note”).
More Definitions of Existing Advance
Existing Advance means an Existing Term Loan, an Existing Working Capital Advance, the principal amount of any Existing Deferred Interest Note or any fees payable to the Lenders under the Existing Credit Agreement.
Existing Advance means an advance made under an Existing Developer Note Receivable (which is an Eligible Developer Note Receivable) and the related Hypothecation Loan Agreement; provided that such advance was made prior to the initial Borrowing hereunder.
Existing Advance means the Advances (solely in this instance, as defined in the Existing Credit Agreement) initially made by State Street under the Existing Credit Agreement and outstandi ng on the E ffective Date i n an aggregate pri nci pal amount equal to $48,663,183.86.
Existing Advance means, for each Existing Lender, all of such Existing Lender's rights in and to, and all of its obligations under, the Original Advances evidenced by the Original Notes and owing to it under the Original Credit Agreement as of the Effective Date, the aggregate amount of which is set forth opposite such Existing Lender's name on Schedule 8.12 hereto.
Existing Advance shall have the meaning set forth in Section 7.1.