INITIAL FUNDING ADVANCE means the advance made by BNPLC's Parent (directly or through one or more of its Affiliates) to or on behalf of BNPLC on or prior to the Effective Date to cover the cost of BNPLC's acquisition of the Property and certain Transaction Expenses and other amounts described in this definition. The amount of the Initial Funding Advance may be confirmed by a separate closing certificate executed by NAI as of the Effective Date. To the extent that BNPLC does not itself use the entire Initial Funding Advance to pay Transaction Expenses incurred by BNPLC, the remainder thereof will be advanced to NAI, with the understanding that NAI shall use any such amount advanced for one or more of the following purposes:

INITIAL FUNDING ADVANCE means the advance of $49,500,000 made by Landlord's Parent and another Participant to or on behalf of Landlord on or prior to the date of this Lease to cover the cost of Landlord's acquisition of the Leased Property and Closing Costs.

INITIAL FUNDING ADVANCE means the advance made by BNPPLC's Parent (directly or through one or more of its Affiliates) to or on behalf of BNPPLC on or prior to the Effective Date to cover the cost of BNPPLC's acquisition of the Property and certain Transaction Expenses and other amounts described in this definition. The amount of the Initial Funding Advance may be confirmed by a separate closing certificate executed by Ross as of the Effective Date. To the extent that BNPPLC does not itself use the entire Initial Funding Advance to pay Transaction Expenses incurred by BNPPLC, the remainder thereof will be advanced to Ross, with the understanding that Ross shall use any such amount advanced for one or more of the following purposes: (1) the payment or reimbursement of Transaction Expenses incurred by Ross; (2) the payment or reimbursement of expenses incurred by Ross in connection with the Construction Project, including the planning, design, engineering, construction and permitting of thereof; (3) the maintenance of the Property; or (4) the payment of Rents next due.

Examples of INITIAL FUNDING ADVANCE in a sentence

INITIAL FUNDING ADVANCE" means the advance of $300,000 made by Landlord's Lender to or on behalf of Landlord on or prior to the date of this Lease to finance Closing Costs.

More Definitions of INITIAL FUNDING ADVANCE

INITIAL FUNDING ADVANCE means, collectively, the advances of made by BNPLC's Parent (directly or through one or more of its Affiliates) to or on behalf of BNPLC (1) on or prior to the effective date of the Prior Lease to cover the cost of BNPLC's acquisition of the Property and certain Transaction Expenses and other amounts described in this definition, and (2) to cover Construction Advances and Carrying Costs under (and as defined in) the Prior Lease. The amount of the Initial Funding Advance may be confirmed by a separate closing certificate executed by Solectron as of the Effective Date. To the extent that BNPLC did not itself use the entire Initial Funding Advance to pay Transaction Expenses incurred by BNPLC or for other purposes described in the preceding sentence, the remainder thereof was advanced to Solectron, with the understanding that Solectron would use any such amount advanced for one or more of the following purposes:

INITIAL FUNDING ADVANCE shall have the meaning indicated in subparagraph 3(A).

INITIAL FUNDING ADVANCE means, collectively, the advances of made by BNPLC's Parent (directly or through one or more of its Affiliates) to or on behalf of BNPLC on or prior to the effective date of the Lease to cover the cost of BNPLC's acquisition of the Property and certain Transaction Expenses and other amounts described in this definition. The amount of the Initial Funding Advance may be confirmed by a separate closing certificate executed by FCI as of the Effective Date. To the extent that BNPLC does not itself use the entire Initial Funding Advance to pay Transaction Expenses incurred by BNPLC or for other purposes described in the preceding sentence, the remainder thereof is being advanced to FCI, with the understanding that FCI will use any such amount advanced for one or more of the following purposes: (1) the payment or reimbursement of Transaction Expenses incurred by FCI; (2) the payment or reimbursement of expenses incurred by FCI in connection with the Construction Project, including the planning, design, engineering, construction and permitting of thereof; (3) the maintenance of the Property; or (4) the payment of Rents next due.

INITIAL FUNDING ADVANCE. INITIAL FUNDING ADVANCE" means the advance of $16,100,000 made by Landlord's Parent (directly or through one or more of its Affiliates) to or on behalf of Landlord on or prior to the date of this Lease to cover the cost of Landlord's acquisition of the Leased Property and Closing Costs.

INITIAL FUNDING ADVANCE means the advance of $16,100,000 made by Landlord's Parent (directly or through one or more of its Affiliates) to or on behalf of Landlord on or prior to the date of this Lease to cover the cost of Landlord's acquisition of the Leased Property and Closing Costs.