Lease Advance definition

Lease Advance means [i] the first Lease Advance by Landlord in the Acquisition Amount; or [ii] any other advance of funds by Landlord to Tenant pursuant to the term of this Lease.
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Lease Advance means [i] the Initial Lease Advance; [ii] the Lease Advance by Landlord to Tenant of even date of $12,750,000.00; [iii] the advance (if any) of the Earnout Amount made pursuant to Section 2.8; or [iv] any other advance of funds by Landlord to Tenant pursuant to the term of this Lease.
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Lease Advance means [i] the Initial Lease Advance; [ii] the Lease Advance by Landlord to Tenant of $12,750,000.00 pursuant to the First Amendment; [iii] the advance (if any) of the Earnout Amount made pursuant to Section 2.8; [iv] the Lease Advance by Landlord to Tenant of $13,708,200.00 pursuant to the Second Amendment; [v] the advance (if any) of the Manlius Earnout Amount made pursuant to Section 2.9; [vi] the Lease Advance by Landlord to Tenant of $11,750,000.00 of even date herewith; and [vii] any other advance of funds by Landlord to Tenant pursuant to the term of this Lease.
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Examples of Lease Advance in a sentence

  • The Servicer may, at its option, make an advance for each Active Lease other than an Advance Payment Plan Lease and each Collection Period if the Base Payment exceeds the sum of (i) Active Lease Proceeds (which may be positive or negative) plus (ii) the Payahead Draw, by depositing the amount of the excess (equal to the Active Lease Advance) in the Exchange Note Collection Account on the Business Day before the related Payment Date or, with satisfaction of the Rating Agency Condition, on that Payment Date.

  • The Base Rent for the Initial Term will be computed monthly and will be equal to 1/12th of the sum of the products of each Lease Advance times the Lease Rate for each Lease Advance.

  • Lessee shall pay to Lessor, prior to Lessor's acceptance of a Lease, Advance Rent, if specified.

  • On each date that the Lease Rate is increased, the Base Rent will be increased accordingly and will be equal to 1/12th of the sum of the products of each Lease Advance times the Lease Rate (including the applicable Increaser Rate) for each Lease Advance.

  • Effective as of the Renewal Date, a single Lease Amount will be computed by summing all Lease Advance Amounts (including the Acquisition Amount).

  • Effective as of the Renewal Date, a single Lease Amount will be computed by summing all Lease Advance Amounts.

  • No Potential Lease Event of Default or Lease Event of Default shall have occurred and be continuing on such date or would result from the making of such Master Lease Advance or the lease of such Vehicle.

  • Effective as of each Renewal Date, a single Lease Amount will be computed by summing all Lease Advance Amounts (including the Acquisition Amount).

  • The annual Base Rent for the Initial Term will be equal to the sum of the products of each Lease Advance times the Lease Rate for each Lease Advance.

  • Tenant shall pay one month's Fixed Rent upon the execution of this Lease ("Advance Rent").


More Definitions of Lease Advance

Lease Advance. Any amount paid into the Collection Account by or on behalf of the Limited Partners with respect to Defaulted or Delinquent Leases in an aggregate amount during the life of the Notes not to exceed (without the Certificate Insurer's consent) $2,674,400 in accordance with Section 3.04.
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Lease Advance is described in Section 2.1.2
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Related to Lease Advance

  • 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.

  • Loan Advance The meaning specified in Section 2.2(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.

  • 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.

  • Final Advance means an Advance made pursuant to Section 2.02(d).

  • Future Advance means an Advance made after the Initial Closing Date.

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • Interest Advance means an Advance made pursuant to Section 2.02(a).

  • Equipment Advance is defined in Section 2.1.1.

  • 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.

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

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

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

  • Delinquency Advance As defined in Section 8.09(a) hereof.

  • Applied Special Termination Advance has the meaning assigned to such term in Section 2.05.

  • Periodic Advance The aggregate of the advances required to be made by a Servicer on any Distribution Date pursuant to its Servicing Agreement or by the Master Servicer or the Trustee hereunder, the amount of any such advances being equal to the total of all Monthly Payments (adjusted, in each case (i) in respect of interest, to the applicable Mortgage Interest Rate less the applicable Servicing Fee in the case of Periodic Advances made by a Servicer and to the applicable Net Mortgage Interest Rate in the case of Periodic Advances made by the Master Servicer or Trustee and (ii) by the amount of any related Debt Service Reductions or reductions in the amount of interest collectable from the Mortgagor pursuant to the Soldiers' and Sailors' Civil Relief Act of 1940, as amended, or similar legislation or regulations then in effect) on the Mortgage Loans, that (x) were delinquent as of the close of business on the related Determination Date, (y) were not the subject of a previous Periodic Advance by such Servicer or of a Periodic Advance by the Master Servicer or the Trustee, as the case may be and (z) have not been determined by the Master Servicer, such Servicer or Trustee to be Nonrecoverable Advances.

  • 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.

  • Tax Advance has the meaning set forth in Section 6.02(a).

  • Servicing Advance shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

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

  • Fixed Rate Advance means an Advance which bears interest at a Fixed Rate.

  • Eligible advance means an advance made before August 19, 1993.

  • Payment/Advance Form is that certain form attached hereto as Exhibit B.

  • Unpaid Advance has the meaning assigned to such term in Section 2.05.

  • Non-Extension Advance means an Advance made pursuant to Section 2.02(b).