Initial Advance Amount definition

Initial Advance Amount means $141,000,000.

Initial Advance Amount means $72,000,000.

Initial Advance Amount has the meaning specified in Section 2.02 hereof.

Examples of Initial Advance Amount in a sentence

• On the Closing Date, the Lender agrees to make the Initial Advance to the Borrower in an amount equal to the Initial Advance Amount.

• At closing, Lender shall advance Loan proceeds in an amount equal to $87,000,000.00 (such amount constituting the “Initial Advance Amount”); provided, that the Initial Advance Amount shall not, in any case, exceed the Loan Amount.

• Olympia customers should follow the guidelines provided by their utility.following links: City Utilities, Garbage and Recycling, At Home, and then Recycling Information.share information in bulletins and at meetings.❍ Homeowners’ associations:Many associations print and post information in a central location or distribute copies at meetings.❍ Realtor and other community newsletters: Some small communities and a realtor include our information in their newsletters.

• As of the Effective Date, each Lender shall be committed, subject to satisfaction of all applicable conditions precedent set forth in Sections 3.1 and 3.5 of this Agreement, to fund its Pro Rata Share of a portion of the Initial Advance Amount, and the balance of the Loan shall be committed and funded in accordance with the terms and conditions set forth in Sections 3.4 and 3.5 hereof (unless such terms and conditions have been waived by the Administrative Agent).

• The first such promissory note shall be in the face amount of the Initial Advance Amount in substantially the form of Exhibit A-1 annexed hereto (the "Non-Restoring Credit Facility Note"), with appropriate insertions made at such time to reflect the amount, date, maturity date, interest rate and amount of monthly installment of principal and interest applicable to such Advance for such Non-Restoring Credit Facility Note.

More Definitions of Initial Advance Amount

Initial Advance Amount means the principal sum of the Loan in an amount equal to TWO HUNDRED THIRTY-ONE MILLION EIGHT HUNDRED FORTY TWO THOUSAND FOUR HUNDRED THIRTY-FIVE AND 66/100 DOLLARS ($231,842,435.66) that Lenders agree to advance to Borrower on the Effective Date subject to satisfaction of the terms and conditions in this Agreement, including in Section 3.1 hereof.

Initial Advance Amount means an amount that, when funded, causes the aggregate Loans to be the lesser of (i) $67,000,000 and (ii) an amount that generates not less than (x) a 13.40% Cash on Cash Return based upon the GECC-Projected Net Operating Income, and (y) a 2.25:1.0 Debt Service Coverage based on GECC-Projected Net Operating Income.

Initial Advance Amount has the meaning specified therefor in Section 2.1(a)(i) of the Agreement.

Initial Advance Amount means an amount that, when funded, generates not less than (i) a 15% Cash on Cash Return based upon the GECC-Projected Net Operating Income, and (ii) a 1.50:1.0 Debt Service Coverage based on GECC-Projected Net Operating Income.

Initial Advance Amount means the lesser of (a) the amount that would result in an Aggregate Loan to Value Ratio of 65%, or (b) the amount that would result in (i) an Aggregate Debt Service Coverage Ratio of 1.10 for the portion of the Commitment that will be the Variable Facility Commitment (using a prorated portion of the Net Operating Income and using the Facility Debt Service for only the Variable Facility Commitment in making such determination of Aggregate Debt Service Coverage Ratio), provided that such amount shall not exceed 103% of the amount that would result using the calculation set forth in (ii) below, and (ii) an Aggregate Debt Service Coverage Ratio of 1.35:1.0 for the portion of the Commitment that will be the Fixed Facility Commitment (using a prorated portion of the Net Operating Income and using the Facility Debt Service for only the Fixed Facility Commitment in making such determination of Debt Service Coverage Ratio).

Initial Advance Amount means $37,638,000.

Initial Advance Amount means $40,997,416.68.