Initial Advance Amount definition
Initial Advance Amount means $72,000,000.
Initial Advance Amount means $141,000,000.
Initial Advance Amount has the meaning specified in Section 2.02 hereof.
Examples of Initial Advance Amount in a sentence
The proposed Borrowing Date specified in each Notice of Borrowing shall occur during the Availability Period, and the amount of the Borrowing requested in such Notice of Borrowing (the “Requested Amount”) shall be equal to at least $100,000 (or less, if agreed to by the Lenders in their sole and absolute discretion but not greater than the related Initial Advance Amount).
More Definitions of Initial Advance Amount
Initial Advance Amount means, with respect to any asset of any Borrower as of any date, the aggregate principal amount of Advances actually made hereunder to fund the acquisition of such asset (as calculated without regard to any subsequent payments or distributions in respect of principal of such Advances).
Initial Advance Amount means the principal sum of the Loan in an amount equal to FORTY THREE MILLION ONE HUNDRED FIFTY-SEVEN THOUSAND FIVE HUNDRED SIXTY-FOUR AND 34/100 DOLLARS ($43,157,564.34) 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. The Advance Amount calculated as of the Cut-Off Date.
Initial Advance Amount. FORTY-TWO MILLION AND 00/100 DOLLARS ($42,000,000.00).
Initial Advance Amount means an amount equal to Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).
Initial Advance Amount means $169,000,000.
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.