Future Advance Amount definition

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.
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Future Advance Amount shall have the meaning set forth in Section 2.1.2 hereof.
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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

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.

  • For the avoidance of doubt, once Lender has advanced Future Advances up to the Maximum Future Advance Amount as provided in this Agreement, Lender shall have no obligation to fund, advance and/or disburse any additional money for the Property other than with respect to amounts in the Cash Management Account or other Reserve Accounts in accordance with the terms and conditions set forth in this Agreement.

  • In no event shall Lender have any obligation to make Future Advances (w) that are not for Approved CapEx Expenses, (x) in the aggregate in excess of the Future Advance Amount, (y) for the PIP Work in the aggregate in excess of the PIP Work Future Advance Amount and (z) for the Elective CapEx Work in the aggregate in excess of the Elective CapEx Work Future Advance Amount.

  • 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 the Lender.

  • 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).

  • 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.

  • Upon receipt of evidence satisfactory to the Agent that the Future Advance Loan has been funded in whole or part by the Seller, such funded amounts shall at that time be allocated to the Maximum Amount and any remaining amount of the Future Advance Loan shall continue to be allocated to the Maximum Future Advance Amount.

  • For the avoidance of doubt, with respect to each Future Advance Loan, any amounts initially allocated against the Maximum Future Advance Amount and subsequently reallocated to the Maximum Amount following the funding of all or a portion of the future advances under such Future Advance Loan, such amounts will again be available under the Maximum Future Advance Amount, in accordance with this clause (m), to be allocated against subsequent Future Advance Loans.

  • 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.

  • On the Purchase Date of a Future Advance Loan, (i) the amounts designated as the Remaining Future Advance Amount on Appendix II of the related Confirmation shall be allocated to the Maximum Future Advance Amount and (ii) the amounts designated as the Initial Amount and the Funded Future Advance Amount shall be allocated to the Maximum Amount.


More Definitions of Future Advance Amount

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 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.
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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 be Two Hundred Fifty Thousand Dollars ($250,000) per Advance Notice.

  • 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 the loan minus those

  • 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 (i) (a) the prime rate as reported in The Wall Street Journal, plus (b) 5.90%, and (ii) 9.15%.

  • Tranche B Advance has the meaning specified in Section 2.01(b).

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