Net Cash Advance Amount definition

Net Cash Advance Amount means, except in the case of a Required Payment Advance, on any Advance Date, the excess of the Advance Amount on such Advance Date minus the sum of (i) the amount needed to increase the Reserve Account to the Reserve Account Specified Balance, (ii) reimbursement of the Transaction Costs relating to such Advance, (iii) the Startup Costs Allocation (if any) relating to such Advance, (iv) any Estimated Excess Accrual for any prior calendar month to the extent not previously deposited to the DOE Reserve Account on any Settlement Date on or prior to the Advance Date and any amounts owing to the Department with respect to the Financed Student Loans or otherwise owed to the Department by the Funding Note Issuer in connection with the transactions contemplated by this Agreement to the extent sufficient funds have not been deposited into the DOE Reserve Account to pay such amounts and (v) any amount required to be deposited to the Excluded Borrower Benefits Account.
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Net Cash Advance Amount means, in connection with a Cash Advance, the net amount disbursed to the Borrower. To avoid doubt, the Net Cash Advance Amount excludes the Transaction Fees;
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Net Cash Advance Amount means the net amount of cash advances (including interest) provided by Boliden and its Affiliates (including Boliden AB) to BWCL in the period between the Effective Date and the Closing Date as verified in accordance with Section 2.2;
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Examples of Net Cash Advance Amount in a sentence

  • Funds available to the Purchaser pursuant to clause (i) shall include the Net Cash Advance Amount and may also include borrowings made by the Purchaser under a Subordinated Credit Facility.

  • At Closing, Boliden, on its own behalf and on behalf of its Affiliates and Associates, will take all steps and proceedings to release BWCL from any Boliden Indebtedness (other than the Net Cash Advance Amount and the BWCFL Note, both of which will be assigned to and paid for by Breakwater or its nominee at Closing) and will cause BWCL to release Boliden, its Affiliates and Associates from all Liabilities of Boliden, its Affiliates and Associates to BWCL.

  • Boliden will cause Deloitte & Touche LLP to provide Breakwater with its verification, together with supporting details, of the Net Cash Advance Amount not less than four Business Days before the Closing Date and, in addition to the Breakwater Shares and Breakwater Warrants, Breakwater will pay or cause to be paid the Net Cash Advance Amount at the Closing by wire transfer to such bank account as Boliden directs.

  • Upon payment of the Net Cash Advance Amount, Boliden, on its behalf and on behalf of its Affiliates, will assign to Breakwater (or the Person designated by Breakwater) all its right, title and interest in and to all amounts included in the determination of the Net Cash Advance Amount as being owing by BWCL to Boliden and its Affiliates.

Related to Net Cash Advance Amount

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Maximum Advance Amount shall be Two Hundred Fifty Thousand Dollars ($250,000) per Advance Notice.

  • Overadvance Amount has the meaning specified therefor in Section 2.4(f).

  • Maximum Revolving Advance Amount means $25,000,000.

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Cash Advance Fees shall have the meaning specified in the Credit Card Agreement applicable to each Account for cash advance fees or similar terms.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Total Commitment Amount means, at any particular time, the aggregate of the Individual Commitments of all of the Lenders at such time.

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • Funding Amount has the meaning specified in Section 3.2(a).

  • Cash Advance means an advance or payment made in any currency or by travellers’ cheques, notes or other forms representing an amount of any currency by any Merchant, bank or other financial institution and shall include any amount paid by DBS for the credit of the Cardmember’s account(s) with any person which had issued to the Cardmember any credit or charge card(s).

  • Balance Amount shall have the meaning set forth in Section 8.1 of this Agreement.

  • Total loan amount means the principal of the loan minus those

  • Minimum Cash Balance means a cash balance to be held by the Debtors on the Effective Date in an amount equal to $75 million plus any amounts received on account of GCI (as defined in the Uniti Term Sheet) reimbursements and Cash Payments (as defined in the Uniti Term Sheet) received by the Debtors on or before the Effective Date.

  • Excess Cash Amount means, as of any Excess Cash Measurement Date, (a) the total amount of Unrestricted Cash, less (b) the sum of (i) the applicable Minimum Cash Threshold hereto corresponding to such Excess Cash Measurement Date, (ii) the total amount of scheduled payments due by OEC and its Subsidiaries, taken as a whole, under (x) the New Notes and (y) any other Permitted Indebtedness in each case in the subsequent twelve (12) month period, (iii) projected expenses for the Issuer to conduct its operations during the subsequent twelve (12) month period, including any foreign currency conversion expenses and (iv) for any Excess Cash Measurement Date through (and including) December 31, 2024, any Fines due by OEC and its Subsidiaries for the subsequent twelve (12) month period; less (c) an amount equal to the Required Gross-Up; provided that any items already deducted from cash and short-term investments of OEC and its Subsidiaries for purposes of determining Unrestricted Cash shall not be deducted again for purposes of determining the Excess Cash Amount.

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Available Facility Amount shall have the meaning specified in paragraph 2B(1).

  • Available Spread Account Amount means, for any Transfer Date, an amount equal to the lesser of (a) the amount on deposit in the Spread Account (exclusive of Investment Earnings on such date and before giving effect to any deposit to, or withdrawal from, the Spread Account made or to be made with respect to such date) and (b) the Required Spread Account Amount, in each case on such Transfer Date.

  • Capitalization Reimbursement Amount As to any Distribution Date, the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of the related Mortgage Loans during the prior calendar month and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date pursuant to Section 3.10(a)(vii), plus the Capitalization Reimbursement Shortfall Amount remaining unreimbursed from any prior Distribution Date and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances Outstanding.

  • PIPE Investment Amount means the aggregate gross purchase price received by Acquiror prior to or substantially concurrently with Closing for the shares in the PIPE Investment.

  • Maximum Commitment Amount means Five Million Dollars ($5,000,000.00).

  • Replenishment Amount has the meaning assigned to such term in Section 2.06(b).

  • Cash Contribution Amount means the aggregate amount of cash contributions made to the capital of the Issuer or any Guarantor described in the definition of “Contribution Indebtedness.”