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, Borrower will pay Lender an Initial Advance closing fee equal to 1.00% of the Initial Advance Amount.
The initial advance shall not exceed One Million Seven Hundred Thousand Dollars ($1,700,000.00) (the "Initial Advance Amount") and the subsequent advances shall not exceed Four Million One Hundred Thousand Dollars ($4,100,000.00) (the "Subsequent Advance Amount").
As of the date hereof, the Lenders are making the Initial Advance and, accordingly, the notional amount of the Interest Rate Protection Agreement is in a notional amount equal to the Initial Advance Amount.
Borrower will use the Initial Advance Amount to pay off existing mortgage financing secured by the Property and as otherwise not prohibited by this Agreement.

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 equal to $3,600,000 to be made available to the Borrower on the Initial Closing Date.

Initial Advance Amount means $169,000,000.

Initial Advance Amount means, with respect to each Advance on the related Drawdown Date, an amount equal to the product of (i) the Initial Advance Rate multiplied by (ii) the Outstanding Tranche Collateral Balance of the Related Tranche Collateral initially pledged to the Lender on such Drawdown Date.

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

Initial Advance Amount means $50,000,000.

Initial Advance Amount. The Advance Amount calculated as of the Cut-Off Date.