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 Loan Notice must be received by the Administrative Agent not later than ten (10) Business Days (or such shorter period agreed to by the Banks in their sole discretion) prior to the requested date of the proposed Improvement Advance.

  • 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.

  • Each Loan Notice delivered pursuant to this Section 2.02(c) shall specify (i) the requested date of the applicable Improvement Advance (which shall be a Business Day), (ii) the principal amount to be borrowed (iii) any applicable wiring instructions, (iv) the purpose of such Improvement Advance and (v) shall include all additional documentation requested, required or applicable to such Improvement Advance, as requested by the Administrative Agent at the direction of the Banks in their sole discretion.

  • 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.

  • The Banks shall deliver the proceeds of an Improvement Advance directly to Borrowers or such other parties as permitted by Section 2.02(e), and the Banks shall deliver to Administrative Agent contemporaneous notice of the date and amount of any Improvement Advance.

  • Subject to the conditions contained herein, portions of the Allowance may be advanced to LESSEE on and after _______________, 2004, as the Work is completed (each, an "Improvement Advance").

  • Landlord shall pay Tenant the Allowance and the Additional Tenant Improvement Advance within thirty (30) days of Tenant’s written request.

  • At such time as Landlord's Contribution and the Improvement Advance (if applicable) have been entirely disbursed, Tenant shall pay the remaining Excess Cost, if any, which payments shall be made in installments as construction progresses in the same manner as Tenant's payments of Tenant's Share of Costs were xxxx.

  • In March 2008, Alden/NGI (hereinafter, “Plaintiffs”) submitted a written request for a Capital Improvement Advance to Defendant.

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).

  • SOFR Advance means any Loan which, except as otherwise provided in Section 2.10, bears interest at a rate based on Adjusted Term SOFR (other than a Floating Rate Advance as to which the interest rate is determined with reference to Adjusted Term SOFR or a SOFR Market Index Rate Advance).

  • 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).

  • 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 that bears interest at a rate based on clause (a) of the definition of Term SOFR.

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

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • 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.

  • 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).

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

  • 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.

  • Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.

  • Applied Special Termination Advance has the meaning assigned to such term in Section 2.05.