Funding Advance definition

Funding Advance means the amount of each advance of the face amount or any portion of a Contract (including with respect to any taxes, fees or charges payable to the related Dealer or any third party at the time of the funding thereof) made by the UTI Beneficiary or any agent thereof in connection with the funding of such Contract that has not previously been reimbursed thereto.
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Funding Advance has the meaning specified in Section 2.06.
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Funding Advance means an advance (other than a daylight overdraft --------------- advance) made by the Agent, in its sole discretion, to the Transferee for the purpose of funding the Transferee's acquisition or maintenance of the Transferee's Interest or a portion thereof.
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Examples of Funding Advance in a sentence

  • Interest shall accrue on each Discretionary Funding Advance for the day on which the Discretionary Funding Advance is made, and shall not accrue on a Discretionary Funding Advance, or any portion thereof, for the day on which the Discretionary Funding Advance or such portion is paid.

  • All Discretionary Funding Advances, together with a detailed statement of the sources and uses thereof (which shall be broken out by the reimbursable and unreimbursable portions thereof) and description of the allocation to the Loans for which such Discretionary Funding Advance was made, shall be reflected in the Monthly Report with respect to the calendar month during which the relevant Discretionary Funding Advance was made.

  • The failure or delay of Seller, on any one or more occasions, to exercise its rights under this Article 3(e)(iii) shall not change or alter the terms and conditions of this Agreement or limit or waive the right of Seller to request a Future Funding Advance Draw Request at a later date.

  • The funding or failure to fund any Delayed Funding Advance Amount will not relieve or otherwise impair the obligation of the Borrower to repay all Advances, together with interest as provided in this Agreement.

  • The sum of (A) the aggregate Purchase Price for all Purchased Assets, plus (B) the requested Purchase Price for the pending Transaction, plus (C) the aggregate amount of potential Future Funding Advance Draws with respect to all Purchased Assets (if any), plus (D) the amount of any Margin Excess, in the aggregate, shall not exceed Facility Amount.

  • All Discretionary Funding Advances are to be designated as applicable only to the Asset to which such Discretionary Funding Advance relates.

  • Notwithstanding anything to the contrary herein, Buyer shall not be obligated to make any Future Funding Advance unless Seller has previously or simultaneously with Buyer’s funding of a Future Funding Advance funded or caused to be funded to the underlying borrower (or to an escrow agent or as otherwise directed by the underlying Borrower) in respect of such Purchased Asset.

  • Buyer’s failure to respond to Seller on or prior to three (3) Business Days prior to the proposed Future Funding Date shall be deemed to be a denial of Seller’s request that Buyer approve the proposed Future Funding Advance, unless Buyer and Seller has agreed otherwise in writing.

  • In addition, a Confirmation may be replaced in connection with a Future Funding Advance with respect to the related Purchased Loan in accordance with Section 3(c) and in connection with the transfer by QRS Seller to TRS Seller of Remainder Interests related to a Purchased Loan in accordance with Section 3(q).

  • In connection with any funding of a Future Funding Advance pursuant to this Article 3(x), Buyer and Seller shall modify the existing Confirmation for the applicable Transaction to set forth the new Advance Rate and outstanding Purchase Price for such Purchased Asset and any other modifications to the terms set forth on the existing Confirmation.


More Definitions of Funding Advance

Funding Advance shall have the meaning contained in Section 2.2.
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Funding Advance means any of the Term A1 Advance, the Term B Advance and the Term C Advance in each case to be made on the Closing Date.
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Funding Advance means any advance made by the CP Lender to the Company under the Receivables Funding Agreement.
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Funding Advance has the meaning specified in Section 2.06. “Funding Date” has the meaning specified in Section 2.06. “Funding Notice” has the meaning specified in Section 2.06. “Indenture” means the Indenture, dated as of May 9, 2019 (as amended, modified, restated or supplemented from time to time), between the Issuer, Barings BDC Static CLO 2019-I, LLC, as co-issuer and State Street Bank and Trust Company, as trustee (together with its successors and assigns in such capacity, the “Trustee”). “Issuer” has the meaning specified in the Preamble. “Lenders” has the meaning specified in the Recitals. “Lien Release Dividend” has the meaning specified in the Recitals. “Loan Sale Agreement” has the meaning specified in the Recitals. “Participation Interest” and “Participation Interests” have the meanings specified in Section 2.01. “Participation Percentage” means, with respect to each Collateral Obligation, the percentage set forth on Annex A hereto representing the percentage portion of such Collateral Obligation conveyed to the Issuer by the Financing Subsidiary pursuant to the terms of this Agreement. “Proceeding” means any suit in equity, action at law or other judicial or administrative proceeding thereof. “Pro Rata Share” means, with respect to any amount, as of any date of determination, the product obtained by multiplying such amount by the applicable Participation Percentage. “Representing Party” has the meaning specified in Section 3.01. “Settlement Date” means May 9, 2019. “Transfer” has the meaning specified in the Recitals. “Transferor” has the meaning specified in the Recitals. “Transferred Assets” means the Collateral Obligations (excluding any Excluded Amounts) or portions thereof (if less than 100%) equal to the applicable Participation Percentage of each such Collateral Obligation conveyed by the Financing Subsidiary to the Issuer hereunder, in each case as set forth on Annex A hereto.
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Funding Advance has the meaning specified in Section 8.6. “Funding Date” has the meaning specified in Section 8.6.
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Funding Advance means an Advance made under this Agreement that is other than a Downgraded Bank Advance and that is made to purchase Low Floater Certificates that were (i) tendered but not remarketed, or for which the remarketing proceeds were insufficient to pay the purchase price thereof, or (ii) subject to mandatory purchase pursuant to Section 6.13 of the Certificate Issuer Trust Agreement, for which purchase Section 6.13 directs the Tender Agent to draw funds under the Liquidity Facility.
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Related to Funding Advance

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

  • Revolving Advance has the meaning given in Section 2.1.

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

  • 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.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Participation Advance shall have the meaning set forth in Section 2.12(d).

  • Servicer Advance or "Servicing Advance" as defined in the applicable Purchase and Servicing Agreement.

  • 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).

  • 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.

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

  • Monthly Advance The portion of each Monthly Payment that is delinquent with respect to each Mortgage Loan at the close of business on the Determination Date required to be advanced by the Company pursuant to Section 5.03 on the Business Day immediately preceding the Remittance Date of the related month.

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

  • Outstanding Advances means, with respect to a Receivable and the last day of a Collection Period, the sum of all Advances made as of or prior to such date, minus (1) all payments or collections as of or prior to such date which are specified in Section 4.04(b) and (c) as applied to reimburse all unpaid Advances with respect to such Receivable and (2) all amounts for which the Servicer has deemed to have released all claims for reimbursement of Outstanding Advances pursuant to Section 3.08.

  • 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.

  • P&I Advance means an advance made by a party to any Securitization Servicing Agreement in respect of a delinquent monthly debt service payment on the Note(s) securitized pursuant to such Securitization Servicing Agreement.

  • Equipment Advance is defined in Section 2.1.1.

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

  • Liquidity Advance means a loan, advance, purchase or other similar action made by a Liquidity Provider pursuant to a Liquidity Agreement.

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

  • Subservicer Advance Any delinquent installment of principal and interest on a Mortgage Loan which is advanced by the related Subservicer (net of its Subservicing Fee) pursuant to the Subservicing Agreement.

  • Property Advance means an advance made in respect of property protection expenses or expenses incurred to protect, preserve and enforce the security for the Mortgage Loan or to pay taxes and assessments or insurance premiums with respect to the Mortgaged Property.

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

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

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

  • 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.