Net Advances definition

Net Advances means the principal amount of the outstanding Advances (inclusive of Advances that have been requested for any outstanding Purchase Commitments which have traded but not settled) minus the amounts then on deposit in the Accounts (including, for the avoidance of doubt, cash and Cash Equivalents and amounts in the MV Cure Account) representing Principal Proceeds.

Net Advances means the principal amount of the outstanding Advances (inclusive of Advances that have been requested for any outstanding Purchase Commitments which have traded but not settled) minus the amounts then on deposit in the Accounts, the Permitted CAD Accounts, the Permitted EUR Accounts and the Permitted GBP Accounts (including cash and Eligible Investments) representing Principal Proceeds (other than Principal Proceeds that have been identified for use to settle outstanding Purchase Commitments which have traded but not settled).

Net Advances as used herein means the gross advances received by Company from the Distributor less all Recording Costs, Advances, advances payable to the individual producer(s) of the Masters, video production costs, tour support payments, legal fees in connection with the acquisition and maintenance of the Distribution Agreement, payments to third parties in connection with the exploitation of rights, and any other costs or expenses incurred by Company in connection with the production, promotion, or exploitation of the Masters hereunder.

Examples of Net Advances in a sentence

• Banks are advised to compute their Gross Advances, Net Advances, Gross NPAs and Net NPAs, as per the format in Annex -1.

• As of December 31, 2020, loans with a remaining tenor exceeding one year represented 35.10% of our Net Advances.

• Our secured net advances have grown from ₹ 813.50 million as of March 31, 2018 to ₹ 4,201.34 million as of March 31, 2019 and to ₹ 7,949.37 million as of March 31, 2020 and were ₹ 9,610.15 million as of December 31, 2020.Our secured advances represented 5.19%, 15.68%, 22.51% and 25.41% of our Net Advances as of March 31, 2018, 2019,and 2020 and as of December 31, 2020, respectively.

• Net NPA to Net Advances reduced to 7.63% as on March 31, 2020 as against 7.73% as on March 31, 2019.Provision Coverage Ratio improved to 77.29% as on March 31, 2020 from 76.60% as on March 31, 2019.Net Interest Margin (NIM) improved to 2.80 % in the financial year ended March 31, 2020 from 2.54% in the Financial Year ended March 31, 2019.Business per Employee stood at `14.06 crore in the financial year ended March 31, 2020.

• The percentage of Net NPA to Net Advances was 2.77% as on 31st March, 2016 compared to 2.04% as at the end of the previous year.A well-built monitoring mechanism for recovery has been put in place by constituting a Board level Committee, besides a High Power Task Force Committee with Top Executives as members to review the Non-Performing Assets and build momentum for recovery.

More Definitions of Net Advances

Net Advances means the principal amount of the outstanding Advances (inclusive of Advances that have been requested for any outstanding Purchase Commitments which have traded but not settled) minus the amounts then on deposit in the Collateral Accounts (including cash and Eligible Investments) representing Principal Proceeds (other than Principal Proceeds that have been designated to pay a portion of the purchase price in respect of any Purchase Commitments which have traded but not settled).

Net Advances means the principal amount of the outstanding Advances (inclusive of Advances that have been requested for any outstanding Purchase Commitments which have traded but not settled) minus the amounts then on deposit in the Collateral Accounts (including cash and Eligible Investments) representing Excess Interest Proceeds and Principal Proceeds (other than Principal Proceeds that have been identified for use to settle outstanding Purchase Commitments which have traded but not settled).

Net Advances means Net Funding Advances and Net Liquidity Advances.

Net Advances. For any period, the amount (which may be negative) obtained by subtracting the amount of any reimbursements with respect to Voluntary Advances received in such period from the aggregate amount of Voluntary Advances made in such period.

Net Advances means, at any time, an amount in Dollars equal to the sum of the Dollar Equivalents at such time of the Currency Net Advances in each Currency.

Net Advances means the Advances reduced by amounts due the Company from Seller as a result of the sweep of the Company's cash accounts into Seller's cash accounts after July 26, 1997 through and including the Closing Date.

Net Advances means Advances payable to RTW or Artist pursuant to the Agreement (not including the Execution Advance or the LP7 Commencement Advance), less all Recording Costs or other similar third party payments.