Improvement Advance definition

Improvement Advance means an Additional Advance in respect of Approved Asset Improvement Costs (and, if applicable, the use of a portion of the related Advance to increase the amounts in the Liquidity Reserve Account) rather than for the purpose of adding Additionally Financed Aircraft to the Borrower’s Portfolio.
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Improvement Advance means an advance of loan proceeds to fund any Improvement Project made pursuant to Section 2.02.”
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Improvement Advance. An Advance for Improvements at the Building.
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Examples of Improvement Advance in a sentence

  • After giving effect to any Improvement Advance (and for the avoidance of doubt, determining each Borrowing Base for this purpose giving effect to the inclusion of the Aircraft as so improved within the Borrower’s Portfolio), no Borrowing Base Deficiency will exist (and the Administrative Agent shall have received an Additional Advance Request containing a borrowing base certification demonstrating the foregoing).

  • Such installments shall be in such amount as will fully amortize the amount of the Improvement Advance, together with such interest, over the initial Term.

  • Upon the determination of the amount of the Improvement Advance, Landlord and Tenant shall promptly execute a written memorandum of the amount of such installments.

  • To the extent Landlord has fully paid to or on behalf of Tenant the Allowance and any Additional Tenant Improvement Advance, Tenant shall promptly pay to Landlord (or, at Tenant’s election, directly to the General Contractor) the funds required to pay such monthly payment request, in order that Landlord may thereafter pay to the General Contractor the amounts set forth in such payment request.

  • The Lender Land Advance Percentage shall apply to that portion of an Advance which relates to the Land Costs and the Lender Improvement Advance Percentage shall apply to that portion of an Advance which relates to the Construction Costs.

  • Notwithstanding any other provision hereof, the Administrative Agent shall provide written notice to the Lessee upon reallocation of the Commitments between the Lenders and the Lessor; provided, however, such reallocation shall -------- ------- not change the Lessor Land Advance Percentage, Lender Land Advance Percentage, Lessor Improvement Advance Percentage and the Lender Improvement Advance Percentage.

  • LESSOR shall have no obligation to make any D Improvement Advance, if any material event of default by LESSEE under this Lease has occurred and has not yet been cured.

  • All costs above such Lessor Improvement Advance shall be paid by Lessee.

  • Lessor shall advance the sum of approximately Fifty Thousand Dollars ($50,000) towards construction of Lessor's Improvements to the Premises ("Lessor's Improvement Advance"), which figure shall be finalized within thirty (30) days of the date of execution of this Lease, and verified in writing by Lessor.

  • If this Lease is terminated early for any reason whatsoever, the then unamortized portion of the Temporary Premises Improvement Advance, together with any accrued and unpaid interest thereon, shall be immediately due and payable.

Related to Improvement Advance

  • Equipment Advance is defined in Section 2.1.1.

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

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

  • Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.

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

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • Non-Extension Advance means an Advance made pursuant to Section 2.02(b).

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • 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.

  • Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

  • Interest Advance means an Advance made pursuant to Section 2.02(a).

  • Additional Advance means each additional loan that is made under an RBC Homeline Plan after the initial advance, including any new or additional advances, increases to principal, or further borrowings or extensions of the term, including in the case of any fluctuating account or accounts, revolving loans, or lines of credit, additional segments of such facilities made after the initial advance. They are referred to collectively as Additional Advances.

  • 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.

  • Term SOFR Advance means an Advance denominated in Dollars which, except as otherwise provided in Section 2.11, bears interest at the Adjusted Term SOFR Rate.

  • Final Advance means an Advance made pursuant to Section 2.02(d).

  • Tenant Improvement Allowance in the maximum amount of $200.00 per rentable square foot in the Premises, which is included in the Base Rent set forth in the Lease; and

  • Initial Advance means the first Advance made pursuant to Article II.

  • 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.

  • Public improvement costs means the costs of:

  • Property Protection Advance shall have the meaning assigned to the term “Servicing Advance” in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

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

  • Capital Improvement Project means the acquisition, construction, reconstruction, improvement, planning and equipping of roads and bridges, appurtenances to roads and bridges to enhance the safety of animal-drawn vehicles, pedestrians, and bicycles, wastewater treatment facilities, water supply systems, solid waste disposal facilities, and storm water and sanitary collection, storage and treatment facilities including real property, interests in real property, facilities, and equipment related or incidental to those facilities.

  • Revolving Advance has the meaning given in Section 2.1.

  • Initial Extension of Credit means the earlier to occur of the initial Borrowing and the initial issuance of a Letter of Credit hereunder.