Loan Advance definition

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

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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

• After 4:00 p.m. (New York City time) on the date of each Loan Advance, Borrower shall execute and deliver to Lender a warrant (each, a “Lender Warrant”) to purchase a number of shares of Common Stock, at an exercise price equal to the Nasdaq Official Closing Price (NOCP) on the date of the issuance of the Lender Warrant, as shall be equal to 150,000 shares for each $1.5 million of the Loan Advance being made (pro rated in the event that the Loan Advance is for less than $1.5 million).

• Notwithstanding anything to the contrary herein, no Lender shall be obligated to make any Loan Advance on or after the earlier to occur of the Revolving Period End Date or the Termination Date.

• As a result of the Amendment, on the date of this Amendment following the closing of trading, the Lender will be granted, for the initial $1.5 million Loan Advance previously made under the Note, an additional Lender Warrant to purchase 84,783 shares of Common Stock at an exercise price equal to the Nasdaq closing price of the Borrower’s Common Stock on the date of such additional Lender Warrant.

More Definitions of Loan Advance

Loan Advance means each advance of proceeds of the Loan.

Loan Advance. Each funding by the Lenders hereunder (including each advance made for the purpose of funding the Unfunded Exposure Account pursuant to Section 2.2(e)). The application of amounts on deposit in the Unfunded Exposure Account to fund a Revolving Loan or Delayed Draw (Unfunded) Loan in accordance with Section 2.9(e) shall not be considered a “Loan Advance”.

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. Loan Payment:

Loan Advance or “Loan Advances” shall mean any advance of any proceeds of the Revolving Facility or the Term Facility, including any Swing Line Borrowings, as the case may be.

Loan Advance means Building Loan Advances and Project Loan Advances.

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.