Incremental Advance definition

Incremental Advance means the aggregate amount funded by the Purchasers to the Borrowers on an Incremental Funding Date.

Incremental Advance means a borrowing hereunder that increases the outstanding Aggregate Principal hereunder.

Incremental Advance has the meaning set forth in Section 2.22(a)(ii).

Examples of Incremental Advance in a sentence

• Each Incremental Advance shall not be in an amount of less than One Million Dollars ($1,000,000).

• For the avoidance of doubt, this Section 8.22(a) shall not apply in connection with the issuance or amendment of any securities pursuant to an Incremental Advance.

• For the avoidance of doubt, from and after the related Incremental Advance Date, the Advance Rate in respect of such Converted Rental Properties shall be the Advance Rate applicable to Stabilized Rental Properties.

• The terms of each Incremental Advance shall be identical to the terms applicable to the Advance under this Agreement and upon issuance of any such Incremental Advance pursuant to such Incremental Amendment, such Incremental Advances shall each be treated as an Advance as provided under the Incremental Amendment.

• For example, if the Incremental Advance is $15,000,000, then 15% of the Existing Warrants would be cancelled, and 15% of the Fully Accreted Existing Notes Principal would be deemed amended such that the Conversion Price becomes the Restatement Conversion Price calculated as of the applicable Incremental Funding Date.

More Definitions of Incremental Advance

Incremental Advance means an Incremental Revolving Credit Advance or an Incremental Term Advance, as applicable.

Incremental Advance means a Class A Incremental Advance or a Class B Incremental Advance, as the context may require.

Incremental Advance means any Advance issued pursuant to an Incremental Commitment.”

Incremental Advance shall have the meaning set forth in Section 3(i) hereof.

Incremental Advance means an Eligible Warehouse Loan made by an Obligor (i) under an Eligible Warehouse Agreement to provide funding to a construction loan facility or a construction project, to complete, or maintain the value of, the related construction project or (ii) under an Eligible Warehouse Agreement pursuant to which such Obligor has a legally binding commitment to make such Eligible Warehouse Loan.

Incremental Advance means an advance made by a Grantor (i) with respect to a construction loan facility or a construction project to complete, or maintain the value of, the related construction project or (ii) under a mezzanine or working capital loan facility under which such Grantor of such Incremental Advance has a legally binding commitment to make such advance.

Incremental Advance as defined in Section 2.14 of the Loan Agreement.