Funding Advances definition

Funding Advances means all advances made by BNPPLC’s Parent or any Participant to or on behalf of BNPPLC to allow BNPPLC to make the Initial Advance and to provide the Construction Allowance or maintain its investment in the Property.

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Funding Advances means (1) the Initial Funding Advance and (2) all future advances made by BNPLC's Parent or any other Participant to or on behalf of BNPLC to allow BNPLC to provide the Construction Allowance.

Funding Advances means advances made by any Person in its capacity as a Funding Entity.

Examples of Funding Advances in a sentence

Nothing in this subparagraph will be construed to require BNPPLC’s Parent or any Participant to create any new office through which to make or maintain Funding Advances.
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 proceeds of Discretionary Funding Advances shall be deposited into the Collection Account for disbursement therefrom for the making of the applicable Funding Draws.
In no event may Discretionary Funding Advances be used for payment of any Working Capital Expenses other than Funding Draws.
The Manager may not assign, sell, transfer, participate, pledge, or hypothecate, in whole or in part, its interest in any Discretionary Funding Advances without the consent of the Initial Member, and until the Purchase Money Notes Defeasance Date, the Purchase Money Notes Guarantor.
Without limiting the generality of the foregoing, the Company shall assume on and as of the Closing Date all obligations with respect to funding any Funding Draws and shall consult and coordinate with the Paying Agent concerning any advances from the Working Capital Reserve and the provision of any Discretionary Funding Advances to fund any such construction draws.
Any Discretionary Funding Advances are to be deposited into the Collection Account from which the funds will be available to fund such Funding Draw.
Pursuant to Section 5.3 of the LLC Operating Agreement, the Manager may make, at its discretion, Discretionary Funding Advances from its own funds to the extent there are insufficient funds in the Collection Account and the Working Capital Reserve with which to fund any Funding Draw permitted pursuant to any Loan Documents, which Discretionary Funding Advances are to be designated as applicable only to the Loan for which any Funding Draw is funded.
The Servicer shall not cause funds from any other source (other than interest or earnings on the Loan Proceeds and the proceeds of Excess Working Capital Advances and Discretionary Funding Advances and other funds expressly permitted to be deposited into the Collection Account pursuant to the Custodial and Paying Agency Agreement) to be commingled in the Collection Account.
In no event may Discretionary Funding Advances be used for payment of any Working Capital Expenses.

More Definitions of Funding Advances

Funding Advances means the Initial Funding Advance and any subsequent advances made by Landlord's Parent or any other Participant to or on behalf of Landlord in replacement of or renewal and extension of all or part of the Initial Funding Advance. For example, if after the date hereof a new Participant advances funds to or on behalf of Landlord to Landlord's Parent in repayment of all or part of the Initial Funding Advance, such advance of funds by the new Participant shall constitute a Funding Advance hereunder.

Funding Advances means (1) advances (equal in the aggregate to the Initial Investment) made on or prior to the date hereof by Landlord's Parent and other Participants to or on behalf of Landlord to permit Landlord to acquire or maintain its investment in the Leased Property and to allow Landlord to provide the advance described in the definition of Closing Costs in subparagraph 1.(t), (2) future advances (which, together with the Funding Advances described in the preceding clauses (1), are expected to total $95,000,000) made by Landlord's Parent or any Participant to or on behalf of Landlord to allow Landlord to provide Construction Advances hereunder and to cover Carrying Costs, and (3) future advances made by Landlord's Parent or any Participant to or on behalf of Landlord in replacement of or renewal and extension of other Funding Advances. For example, if after the date hereof a new Participant advances funds on behalf of Landlord to Landlord's Parent or another then existing Participant in repayment of all or part of Funding Advances previously made by Landlord's Parent or the other Participant, such advance of funds by the new Participant shall constitute a Funding Advance hereunder, and the prior Funding Advances so repaid to Landlord's Parent or the other Participant shall thereupon cease to constitute Funding Advances for purposes of this Lease. (ba) GAAP. "GAAP" means generally accepted accounting principles in the United States of America as in effect from time to time, applied on a basis consistent with those used in the preparation of the financial statements referred to in subparagraph 9.

Funding Advances means (1) the Initial Funding Advance and (2) all future advances (which, together with Initial Funding Advance, are expected to total but in no event exceed $18,200,000) made by Landlord's Parent or any Participant to or on behalf of Landlord to allow Landlord to provide the Construction Allowance hereunder.

Funding Advances means (1) the Initial Funding Advance and (2) all future advances (which, together with Initial Funding Advance, are expected to total but in no event exceed $173,330,000) made by BNPLC's Parent or any Participant to or on behalf of BNPLC to allow BNPLC to provide the Construction Allowance under the Lease.

Funding Advances means (1) the Initial Funding Advances and (2) all future advances (which, together with Initial Funding Advances, are expected to total but in no event exceed $330,000,000) made by Landlord's Parent or any Participant to or on behalf of Landlord to allow Landlord to provide the Construction Allowance hereunder.

Funding Advances means (1) the Initial Funding Advance and (2) all future advances made by BNPPLC's Parent or any other