MALA Advance definition
MALA Advance. An advance of funds made pursuant to a MALA.
Examples of MALA Advance in a sentence
To the extent that the Mortgage Documents and such other documents do not provide the terms for determining such ratios, the debt service coverage and loan-to-value ratios for a MALA will be determined by reference to all of the mortgage loans then outstanding under that MALA and all collateral then securing such mortgage loans, and references to the debt service coverage and loan-to-value ratios as of the date of origination will mean the ratios at the date of the most recent MALA Advance.