Future Advances definition

Future Advances means future obligations and future advances that the Mortgagee or any Other Secured Person may make pursuant to any Secured Transaction Document.

Future Advances means debts or obligations secured by a mortgage that arise subsequent to the execution and recording of the mortgage; except that the term does not include protective advances or contingent obligations. The term "future advances" includes only those advances made to or for the account of debtors designated in the mortgage. Future advances have priority as provided in this section.[PL 1993, c. 229, §3 (NEW).]

Future Advances means any amount that CDF is obligated to pay to a Vendor pursuant to this Agreement within a certain period after an Approval is issued by CDF.

Examples of Future Advances in a sentence

• Such Future Advances, with interest thereon, shall be secured by this Instrument when evidenced by promissory notes stating that said notes are secured hereby.

• Specifically, without limitation, Indebtedness includes the future advances set forth in the Future Advances provision, together with all interest thereon and all amounts that may be indirectly secured by the Cross-Collateralization provision of this Agreement.

• To the extent Debtor issues securities (including, but not limited to, pursuant to the proposed offering of common stock by Debtor pursuant to Regulation A), Lender must use the proceeds from such issuance to make payments on this Note before using them for any other purpose, including but not limited to payments in respect of the Commitment for Future Advances, operating expenses, and dividends; provided, however, that Debtor may pay direct expenses related to such offering.

• In addition, Debtor waives any rights to setoffs or counterclaims with respect to this Note and any amounts due hereunder, which it may have against the Holder, now or in the future, in connection with the Commitment for Future Advances, the Security Agreement or otherwise.

• Such Future Advances, with interest thereon, shall be secured by this Mortgage when evidenced by promissory notes stating that said notes are secured hereby.

More Definitions of Future Advances

Future Advances means Capital Trust’s commitment to make future advances on Purchased Assets and assets under other Senior Secured Facilities as specified therefor on Exhibit XV.

Future Advances means, collectively, the Future Advance (Capital Expenditures), Future Advance (TI/LCs) and Future Advance (Interest/Carry Shortfall).

Future Advances shall have the meaning set forth in Section 2.1.8.

Future Advances means future obligations and future advances that the Mortgagee may make pursuant to any Transaction Document.

Future Advances means Seller’s commitment to make future advances on assets under other Senior Secured Facilities, as detailed in Exhibit IX.

Future Advances means CT’s commitment to make future advances on Transaction Assets and assets under other Senior Secured Facilities, as detailed in Exhibit G.

Future Advances. Any amount loaned to Borrower after the date of this Mortgage, which, unless otherwise agreed, will accrue interest at the rate set forth in the Note.