Initial Loan Advance definition

Initial Loan Advance has the meaning set forth in Section 2.1(a).
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Initial Loan Advance means the first Loan Advance made on the “Closing Date” under the Original Credit Agreement.
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Initial Loan Advance means the first advance of the Loan Amount or part of the Loan Amount and includes the only advance if the entire Loan Amount is advanced at one time. INSURED LENDER means the insured lender specified in the Schedule. INSURED MORTGAGE means each mortgage specified in Exhibit A to the Agreement.
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Examples of Initial Loan Advance in a sentence

  • Any such waiver and any such amendment, supplement or modification shall apply equally to each Lender and shall be binding upon Borrower, Lenders, Agent, and all future holders of the Initial Loan Advance.

  • In addition, upon the occurrence and during the continuation of an Event of Default hereunder, the Initial Loan Advance and all Subsequent Draws, including principal, interest, compounded interest, and professional fees thereupon, shall upon the election of the Agent or the Lenders bear interest at the Interest Rate, plus five (5) percentage points.

  • The principal balance of the Initial Loan Advance and each Subsequent Draw, shall bear interest thereon from the Closing Date and applicable Advance Date, respectively, at the Interest Rate based on a year consisting of three hundred sixty (360) days, with interest computed daily based on the actual number of days elapsed.

  • Lender's obligation to make the Initial Loan Advance and each subsequent Loan Advance under this Agreement shall be subject to the fulfillment to Lender's satisfaction of all of the conditions set forth in this Agreement and in the Related Documents.

  • Funding Requisitions after the Initial Loan Advance shall not be made more often than once a month and the total amount of all Fundings in respect of Construction shall not at any time exceed an amount equal to the sum of the hard costs of the work completed to date as certified by the Architect on the aforesaid AIA draw request forms and the soft costs incurred.

  • Lender's obligation to make the Initial Loan Advance and each subsequent Loan Advance under this agreement shall be subject to the fulfillment to Lender's satisfaction of all of the conditions set forth in this Agreement and in the Related Documents.

  • No Default or Event of Default had occurred or was continuing on the date of such requested Initial Loan Advances, or resulted from making such Initial Loan Advance, as confirmed in the Borrowing Notice.

  • On or prior to the date of the Initial Loan Advance, Borrower will deliver to Bank an Acknowledgement Agreement from Xxxxxx Xxx.

  • The Agent shall have received, in form and substance satisfactory to the Agent, a Borrowing Base Certificate, setting out the Borrowing Base Amount as of the date of the proposed Initial Loan Advance.

  • Each such written notice (or confirmation) must be made (i) if the Initial Loan Advance, in the form and substance of the "Request for Initial Advance" in Exhibit L duly completed; and (ii) if an Additional Loan Advance, in the form and substance of the "Request for Additional Advance" in Exhibit M.


More Definitions of Initial Loan Advance

Initial Loan Advance means the Loan A Advance made by the Lender pursuant to the Loan Agreement on the Closing Date.
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Initial Loan Advance means the first (initial) advance of borrowed funds by DCS to Company pursuant to this Agreement, as referenced in Section 5 below.
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Initial Loan Advance means the portion of the Loan referred to in clause 4.1.2(a);
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Initial Loan Advance. $3,000,000, as part of the Loan.
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Initial Loan Advance means an amount equal to the sum of Nineteen Million Six Hundred Fifty Thousand Dollars ($19,650,000).
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Related to Initial Loan Advance

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Loan Advance The meaning specified in Section 2.2(a).

  • Initial Loan is defined in Section 2.1.

  • Initial Advance means the first Advance made pursuant to Article II.

  • Tranche B Advance has the meaning specified in Section 2.01(b).

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Term Advance has the meaning specified in Section 2.01(a).

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Equipment Advance is defined in Section 2.1.1.

  • Original Loan shall have the meaning set forth in the recitals hereto.

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Additional Loan means the Eligible Loans evidenced by a Note or Notes sold from time to time during the Supplemental Purchase Period pursuant to an Additional Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • 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.

  • 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.

  • 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.

  • Incremental Loan Request has the meaning set forth in Section 2.14(a).

  • SOFR Advance means any Loan which, except as otherwise provided in Section 2.10, bears interest at a rate based on Adjusted Term SOFR (other than a Floating Rate Advance as to which the interest rate is determined with reference to Adjusted Term SOFR or a SOFR Market Index Rate Advance).

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • Term Loan has the meaning specified in Section 2.01(b).

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Additional Loans means any Additional Revolving Loans and any Additional Term Loans.

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • Term SOFR Advance means an Advance that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.