Notional Advance definition

Notional Advance means, with respect to any Participant Allocation, the notional amount, if any, that Morgan Stanley adds or will add to the Participant Allocation for notional investment in Notional Plan Investments in accordance with Section 5.
Sample 1Sample 2Sample 3
Notional Advance means, with respect to any Participant, the notional amount that Morgan Stanley adds to that portion of such Participant’s Participant Allocation that is notionally invested in a Notional Plan Investment in accordance with Section 6.
Sample 1Sample 2Sample 3
Notional Advance means, with respect to any Participant, any notional non-recourse advance that the Company has made or will make to this Plan on behalf of such Participant.
Sample 1

Examples of Notional Advance in a sentence

  • The Firm has no obligation to invest amounts corresponding to a Participant’s Participant Allocation or Notional Advance and/or any Proceeds with respect to Notional Plan Investments.

  • No Participant shall be required to make any direct or out-of-pocket payment to the Firm in connection with any Notional Advance.

  • If the Firm invests amounts corresponding to a Participant’s Participant Allocation or Notional Advance in any Notional Plan Investment, such investment shall not confer on such Participant any right or interest in any such Notional Plan Investment.

  • Any Notional Advance shall be satisfied only through reductions to: (i) any notional interest previously accrued at the Participant Applicable Rate, or (ii) Proceeds in accordance with Section 10.

  • Additionally, if the value of the Notional Plan Investments decreases in the future and proves to be less than the sum of the unreduced invested Notional Advance, accrued and unreduced notional interest, accrued and unreduced Administration Fee and any Notional Advance committed but not yet notionally invested, a Participant will not be entitled to receive any of his or her applicable Participant Allocation with respect to such Total Notional Investment.

  • In accordance with any rules and procedures that the Firm establishes, an Eligible Person may be permitted to express a preference to receive a Notional Advance of a specified amount with respect to any Participant Allocation.

  • Each Notional Advance shall accrue notional interest at the Morgan Stanley Applicable Rate (unless the Firm determines otherwise in accordance with any rules and procedures that the Firm establishes) during the period that such Notional Advance (or portion thereof) is deemed to be outstanding ( i.e., from the date that the Notional Advance (or portion thereof) is deemed to be notionally invested until and to the extent such Notional Advance (or portion thereof) is reduced by any Proceeds).

  • Any committed but not yet notionally invested Notional Advance will reduce the applicable Proceeds as determined in the discretion of the Firm prior to the date on which the Allocation Preferences become irrevocable and such Proceeds may be withheld in escrow, accruing notional interest at the Participant Applicable Rate.

  • For the avoidance of doubt, no Notional Advance shall be allocated until a Participant’s Participant Allocation is notionally invested in a Notional Plan Investment (therefore, no notional interest shall begin to accrue until such time).

  • At the time that any Participant Allocation (or portion thereof) is notionally invested in a Notional Plan Investment, a Notional Advance in an amount equal to such Participant Allocation (or such portion) multiplied by two shall be added to the Participant Allocation (or such portion) for purposes of the Participant’s notional investment in such Notional Plan Investment.

Related to Notional Advance

  • Additional Advance means each additional loan that is made under an RBC Homeline Plan after the initial advance, including any new or additional advances, increases to principal, or further borrowings or extensions of the term, including in the case of any fluctuating account or accounts, revolving loans, or lines of credit, additional segments of such facilities made after the initial advance. They are referred to collectively as Additional Advances.

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Term Advance has the meaning specified in Section 2.01(a).

  • Final Advance means an Advance made pursuant to Section 2.02(d).

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Interest Advance means an Advance made pursuant to Section 2.02(a).

  • Tranche A Advance means an Advance made by a Bank under Tranche A.

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • Eligible advance means an advance made before August 19, 1993.

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

  • Equipment Advance is defined in Section 2.1.1.

  • Unpaid Advance has the meaning assigned to such term in Section 2.05.

  • Simple Interest Advance means, with respect to a Simple Interest Receivable, the amount, as of the last day of a Collection Period, which is advanced with respect to such Simple Interest Receivable by the Servicer pursuant to Section 4.4(a) of the Sale and Servicing Agreement.

  • Periodic Advance The aggregate of the advances required to be made by a Servicer on any Distribution Date pursuant to its Servicing Agreement or by the Master Servicer or the Trustee hereunder, the amount of any such advances being equal to the total of all Monthly Payments (adjusted, in each case (i) in respect of interest, to the applicable Mortgage Interest Rate less the applicable Servicing Fee in the case of Periodic Advances made by a Servicer and to the applicable Net Mortgage Interest Rate in the case of Periodic Advances made by the Master Servicer or Trustee and (ii) by the amount of any related Debt Service Reductions or reductions in the amount of interest collectable from the Mortgagor pursuant to the Soldiers' and Sailors' Civil Relief Act of 1940, as amended, or similar legislation or regulations then in effect) on the Mortgage Loans, that (x) were delinquent as of the close of business on the related Determination Date, (y) were not the subject of a previous Periodic Advance by such Servicer or of a Periodic Advance by the Master Servicer or the Trustee, as the case may be and (z) have not been determined by the Master Servicer, such Servicer or Trustee to be Nonrecoverable Advances.

  • Interest Drawing has the meaning assigned to such term in Section 3.6(a).

  • Initial Advance means the first Advance made pursuant to Article II.

  • Revolving Advance has the meaning given in Section 2.1.

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.

  • 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).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.

  • PPP Loan means (i) any covered loan under paragraph (36) of Section 7(a) of the Small Business Act (15 U.S.C. 636(a)), as added by Section 1102 of the CARES Act, or (ii) any loan that is an extension or expansion of, or is similar to, any covered loan described in clause (i).

  • Payment/Advance Form is that certain form attached hereto as Exhibit B.