Individual Advance definition

Individual Advance means an advance made by each Lender on the Disbursement Date.
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Individual Advance means each Advance made by a Lender, respectively, in accordance with the same Request for Borrowing.
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Examples of Individual Advance in a sentence

  • Each notice of approval of a Portfolio Investment (a copy of which shall be delivered to the Collateral Administrator) shall include the initial Individual Advance Rate and the Initial Market Value for such Portfolio Investment; provided that the initial Individual Advance Rates in respect of the Initial Portfolio Investments and the Initial Market Values of the Initial Portfolio Investments are as set forth in Schedule 5.

  • On the Disbursement Date, the Agent shall transfer the amount remitted to the Agent Account for disbursement of each Lender's Individual Advance, to the Syndicate Account for each Lender.

  • Each Lender shall make an Individual Advance, subject to fulfillment of all the following conditions (irrespective whether or not the notice pursuant to Article 6(1) having been made) as of the Disbursement Date.

  • When the Agent transfers the amount of the Loan Commitment of each Lender to the Syndicate Account, such Lender is deemed to have disbursed its Individual Advance.

  • The Agent, upon receipt of such receipt, shall forthwith forward a copy of such receipt to each Lender who has made its Individual Advance.

  • In case of the prepayment of principal of the Individual Advance made by such Lender with Increased Costs in accordance with the provisions of this Paragraph (3), the Borrower shall pay the entire amount of principal of such Individual Advance, together with any accrued interest on such principal and any Break Funding Costs, and the Increased Costs so requested to pay, to such Lender with Increased Costs on such Prepayment Date for Increased Costs.

  • The fulfillment of the conditions precedent shall be determined by each Lender, and the other Lenders and the Agent shall not be liable for a Lender's determination of and non-performance of the Individual Advance by it.

  • The Agent shall retain the original of such receipt for the account of each such Lender until the entire amount of each Individual Advance Payable shall have been paid.

  • The Agent shall retain the original of such a receipt for the account of each such Lender until the entire amount of the Individual Advance Payable shall be paid off.

  • Although Individual Advance payments in excess of the limitations specified in Articles 4107 and 4108 payable to individual Performers may not be credited to the Aggregate Advance, ACTRA PRS shall have the right to take into account such excess Advance payment to an individual Performer when determining the allocation that will be made to the said Performer under Article 4114.