Examples of Outstanding Advance Amount in a sentence
For the avoidance of doubt, the Outstanding Advance Amount shall be reduced upon the payment of, and in the amount of, such Repayment Amount.
To the extent the Net Sale Proceeds for a Financed Property are less than the Outstanding Advance Amount for such Financed Property, the Borrower shall remit the difference between the Outstanding Advance Amount and the Net Sale Proceeds into the Collection Account within two (2) Business Days of the sale of such Financed Property (such difference, the “Net Sale Proceeds True-up Amount”).
The Conversion Shares shall be in whole shares of Common Stock rounded down to the nearest whole share, and any fractional amount shall continue to be an Outstanding Advance Amount.
Any Outstanding Advance Amount not subject to the Conversion Rights shall be repaid on the Maturity Date, or, in the case of an Acceleration Event, on the Acceleration Date.
By way of example, if the Outstanding Advance Amount on any day is $8,900,000, then in addition to all other amounts owing hereunder, additional interest shall also be deemed to accrue (at the interest rate otherwise due for a Base Rate Loan) on an amount equal to $1,100,000 (i.e., $10,000,000 less $8,900,000).
Subject to Section 3.04, the Borrower shall have the right to prepay the Outstanding Advance Amount of the Senior Facility Lenders, so long as the aggregate amount of any such prepayment equals at least US$10 million and subject to payment of the premium set forth in the relevant Senior Loan Document, if any, in whole or in part on any Payment Date upon at least 60 days' prior notice.
With respect to any SF Property proposed to be financed, the aggregate requested Class A Outstanding Advance Amount with respect to such SF Property proposed to be financed will not cause a Concentration Limit to be breached;(xi) Post-Renovation Incremental Draw.
By way of example, if the Outstanding Advance Amount on any day is $8,900,000, then in addition to all other amounts owing hereunder, additional interest shall also be deemed to accrue (at the interest rate otherwise due for a Base Rate Loan) an amount equal to $1,100,000 (i.e., $10,000,000 less $8,900,000).
Sunnybrook of Muscatine Operator ARHC SMMTEIA01 TRS, LLC Manager Muscatine Care Properties LLC Affiliated Property Operator(s) Yes – All Operators listed above are Affiliated Property Operator(s) No Maximum Permitted Equipment Financing Two percent (2%) of the Outstanding Advance Amount.
For the avoidance of doubt, the Outstanding Advance Amount shall be reduced upon the payment of, and in the amount of, such amounts paid pursuant to this Section 2(h)(ii)(A).