Future Advance Amount definition

Future Advance Amount means an amount equal to the least of (x) $25,000,000, (y) the Syndication Increase Amount (which shall be deemed to be zero if no Syndication Increase Amount has been determined pursuant to Section 1.4) and (z) the maximum amount, as determined by Administrative Agent, which, when added to the Initial Advance Amount portion of the Principal Debt, would not result in a breach of the Loan to Value Ratio covenant in Section 2.5(a) or a breach of the Debt Service Coverage Ratio in Section 2.5(b), provided, however, that (i) the amount set forth in clause (x) above shall be reduced monthly as set forth in Section 1.12, (ii) Borrower may further reduce the Future Advance Amount by specifying the amount of such reduction in a notice from Borrower to Lender given prior to the completion of a Successful Syndication and (iii) upon Lenders making the Future Advance to Borrower, the Future Advance Amount shall not be further adjusted.
Sample 1
Future Advance Amount. With respect to a Delayed Draw Term Loan or Related Future Advance Loan, the money required to be funded to the borrower pursuant to the terms of such Delayed Draw Term Loan or Related Future Advance Loan.
Sample 1
Future Advance Amount means, an amount equal to (1) the sum of (A) amounts on deposit in any Future Funding Reserve Account and the Suspense Account, (B) the Future Funding Letter of Credit Amount, (C) amounts on deposit in a subaccount of the Uninvested Proceeds Account and (D) the Aggregate Class A-R Undrawn Amount and (2) such lesser amount for which Rating Confirmation is received.
Sample 1

Examples of Future Advance Amount in a sentence

  • Such Future Advance, together with all other Future Advances previously made hereunder, shall not exceed the Future Advance Amount.

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  • For the avoidance of doubt, and notwithstanding anything to the contrary contained herein, the amount of the Future Advances up to the Elective CapEx Work Future Advance Amount that Borrower does not (or is deemed to not) request that Lender force fund pursuant to this Section 2.5.8 shall be terminated and of no further force and effect.

  • On or prior to the Final Draw Date and upon request by Borrower and compliance by Borrower and Property Guarantors with the terms and conditions of this Section 2.1(1)(b), Borrower shall have the right to request no more than two Future Advances in the aggregate principal amount not to exceed the Maximum Future Advance Amount.

  • During the term of the Loan in accordance with the terms, provisions and conditions of Section 1.5, Lender shall make one or more Future Advances of the Loan to Borrower in an aggregate amount not to exceed the Maximum Future Advance Amount.

  • In no event shall the total amount advanced under the Loans including, without limitation, the Initial Advance and the Maximum Future Advance Amount exceed $1,750,000,000.00 in the aggregate and in no event shall Lenders be obligated to advance the unadvanced portion of Maximum Future Advance Amount after the Final Draw Date.

  • If the terms and conditions of Section 2.6 are satisfied, subsequent Future Advances in an aggregate amount not to exceed the Future Advance Amount shall be advanced by PBB (but no other Lender).

  • The Property shall have a “Loan to Value Ratio” of not greater than the Maximum Loan to Value, which Loan to Value Ratio shall be calculated, and defined, as follows: the sum of (x) the Principal Debt, (y) prior to the Future Advance Determination Date, the Future Advance Amount and (z) accrued but unpaid interest on the Loan, all as of the date of the determination of the ratio shall be divided by the appraised “As-Is” value of the Property.

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  • The comparison shows that CityLoops cities miss a full framework comprising the four categories of what can theoretically be named the means of influence: policy discourses, cooperations, resources and rules in actions or that can structurally back up these actions for CE by officers and society.


More Definitions of Future Advance Amount

Future Advance Amount means, with respect to any Earn-Out Asset, the amount of money required to be funded to the borrower pursuant to the terms of the Earn-Out Asset after the initial funding of the Earn-Out Asset.
Sample 1
Future Advance Amount shall have the meaning set forth in Section 2.1.2 hereof.
Sample 1

Related to Future Advance Amount

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • Future Advance means an Advance made after the Initial Closing Date.

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Total loan amount means the principal of a loan minus those points and fees that are included in the principal amount of the loan. For open-end loans, the total loan amount must be calculated using the total line of credit allowed under the residential mortgage loan at closing. [PL 2011, c. 427, Pt. A, §15 (NEW).]

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Overadvance Amount has the meaning specified therefor in Section 2.4(f).

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Term Loan Interest Rate means for any day a per annum rate of interest equal to the greater of either (i) 9.25% plus the prime rate as reported in The Wall Street Journal minus 3.50% and (ii) 9.25%.

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

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

  • Maximum Advance Rate means 80.0%.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances outstanding.

  • Available Facility Amount shall have the meaning specified in paragraph 2B(1).

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Maximum Loan Amount has the meaning set forth in Section 2.1(a).

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • Aggregate Borrowing Base means the aggregate amount of the U.S. Borrowing Base and the Canadian Borrowing Base; provided that the maximum amount of the Canadian Borrowing Base which may be included in the Aggregate Borrowing Base is the Canadian Sublimit.

  • Revolving Interest Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • Tranche A Advance means an Advance made by a Bank under Tranche A.

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