Loan Advance definition

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

Loan Advance means a disbursement of all or any portion of the Loan.

Loan Advance means that portion of the Principal Sum that is outstanding at any time during the term of this Note.

Examples of Loan Advance in a sentence

• Lender shall fund the Term Loan Advance in the manner requested by the Advance Request provided that each of the conditions precedent to such Term Loan Advance is satisfied as of the requested Advance Date.

• The principal balance of each Term Loan Advance shall bear interest thereon from such Advance Date at the Term Loan Interest Rate based on a year consisting of 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.

• After repayment, no Term Loan Advance (or any portion thereof) may be reborrowed.

• Borrower will pay interest on each Term Loan Advance on the first Business Day of each month, beginning the month after the Advance Date.

More Definitions of Loan Advance

Loan Advance means each advance of proceeds of the Loan.

Loan Advance. Loan Payment:

Loan Advance means Building Loan Advances and Project Loan Advances.

Loan Advance means any full or partial advance of a Loan made by Lender to or for the benefit of Borrower.

Loan Advance. Complete Outgoing Wire Request section below if all or a portion of the funds from this loan advance are for an outgoing wire. From Account # To Account # Amount of Advance $ All Borrower’s representations and warranties in the Second Amended and Restated Loan and Security Agreement are true, correct and complete in all material respects on the date of the request for an advance; provided, however, that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof; and provided, further that those representations and warranties expressly referring to a specific date shall be true, accurate and complete in all material respects as of such date: Authorized Signature: Phone Number: Print Name/Title: OUTGOING WIRE REQUEST: Complete only if all or a portion of funds from the loan advance above is to be wired. Deadline for same day processing is noon, Pacific Time Beneficiary Name: Amount of Wire: $ Beneficiary Bank: Account Number: City and State: Beneficiary Bank Transit (ABA) # Beneficiary Bank Code (Swift, Sort, Chip, etc.): Intermediary Bank Transit (ABA) #: For Further Credit to: Special Instruction: By signing below, I (we) acknowledge and agree that my (our) funds transfer request shall be processed in accordance with and subject to the terms and conditions set forth in the agreements(s) covering funds transfer service(s), which agreements(s) were previously received and executed by me (us). Authorized Signature: 2nd Signature (if required): Print Name/Title: Telephone #: I hereby certify as follows, as of the date set forth above:

Loan Advance means, collectively, an amount of loan proceeds to be advanced from time to time by the City in connection with the Development Loan to or at the direction of the Developer under and pursuant to Section 3.1 of this Agreement.

Loan Advance shall have the meaning set forth in the Recitals to this Agreement.