Initial Lease Advance means $119.873,313.00.
Initial Lease Advance means $47,831,425.00.
Initial Lease Advance means $7,720,000.00.
More Definitions of Initial Lease Advance
Initial Lease Advance means $26,201,082.00.
special lease means a special lease or license to be granted in terms of this Agreement under the Ratifying Act the Land Act or the Xxxxxxx Xxx 0000 and includes any renewal thereof; “this Agreement” “hereof” and “hereunder” include this Agreement as from time to time added to varied or amended;
Loan Advance The meaning specified in Section 2.2(a).
Expense Advance means a payment to Indemnitee pursuant to Section 3 of Expenses in advance of the settlement of or final judgement in any action, suit, proceeding or alternative dispute resolution mechanism, hearing, inquiry or investigation which constitutes a Claim.
Applied Special Termination Advance has the meaning assigned to such term in Section 2.05.
Initial Advance means the first Advance made pursuant to Article II.
Term SOFR Advance means an Advance that bears interest at a rate based on clause (a) of the definition of Term SOFR.
Future Advance means an Advance made after the Initial Closing Date.
Final Advance means an Advance made pursuant to Section 2.02(d).
L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.
Term Advance has the meaning specified in Section 2.01(a).
Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.
Additional Advance means each additional loan that is made under an RBC Homeline Plan after the initial advance, including any new or additional advances, increases to principal, or further borrowings or extensions of the term, including in the case of any fluctuating account or accounts, revolving loans, or lines of credit, additional segments of such facilities made after the initial advance. They are referred to collectively as Additional Advances.
Property Advance means an advance made in respect of property protection expenses or expenses incurred to protect, preserve and enforce the security for the Mortgage Loan or to pay taxes and assessments or insurance premiums with respect to the Mortgaged Property.
Non-Extension Advance means an Advance made pursuant to Section 2.02(b).
Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).
Equipment Advance is defined in Section 2.1.1.
Interest Advance means an Advance made pursuant to Section 2.02(a).
PMI Advance As defined in the related Servicing Agreement, if applicable.
Auto-Renewal Letter of Credit has the meaning specified in Section 2.03(b)(iii).
Payment/Advance Form is that certain form attached hereto as Exhibit B.
Special Termination Advance means an Advance made pursuant to Section 2.02(g).
Request for Advance means a Request for Revolving Credit Advance or a Request for Swing Line Advance, as the context may indicate or otherwise require.
RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.
Nonrecoverable Advance Any portion of an Advance previously made or proposed to be made by the Master Servicer that, in the good faith judgment of the Master Servicer, will not be ultimately recoverable by the Master Servicer from the related Mortgagor, related Liquidation Proceeds or otherwise.
New Lease Any lease of REO Property entered into on behalf of the Trust, including any lease renewed or extended on behalf of the Trust if the Trust has the right to renegotiate the terms of such lease.
Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.