Owner Advances definition

Owner Advances has the meaning ascribed to such term in Section 3.02.D. “Owner Event of Default” has the meaning ascribed to such term in Section 9.03.
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Owner Advances means any unsecured loan, cash advances, and/or additional capital contributions to Maker made by a partner of Maker in accordance with the terms of Maker’s agreement of limited partnership which was used for the Project and was approved by the Authority, which approval shall not be unreasonably withheld.
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Owner Advances means any lump sum advance payments made to any Owner with respect to any XXX Agreement.
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Examples of Owner Advances in a sentence

  • Fourth, pari passu, to (i) Owners, in an amount necessary to reimburse Owners for all Aggregate Owner Advances which have not yet been repaid pursuant to this Section 3.01, and (ii) to Manager, in an amount necessary to reimburse Manager for all Aggregate Additional Manager Advances which have not yet been repaid pursuant to this Section 3.01.

  • Fourth, pari passu, to (i) Owners, in an amount necessary to reimburse Owners for all Aggregate Owner Advances which have not yet been repaid pursuant to this Section 3.01, and (ii) to Managers, in an amount necessary to reimburse Managers for all Aggregate Additional Manager Advances which have not yet been repaid pursuant to this Section 3.01.

  • Fourth, pari passu, (i) to Owners, in an amount necessary to reimburse Owners for all Aggregate Owner Advances which have not yet been repaid pursuant to this Section 3.01, and (ii) to Managers, in an amount necessary to reimburse Managers for all Aggregate Additional Manager Advances which have not yet been repaid pursuant to this Section 3.01.

  • Agent shall use all Owner Advances provided to it solely for the Development Costs, as agent of Owner, in accordance with the terms and conditions of this Agreement or to reimburse the Agent for any Development Costs previously paid for by Agent from its own funds, provided that such reimbursement is approved by Owner.

  • As described in Section 3.2 hereof, Agent shall use Owner Advances and, subject to the terms and conditions of this Agreement, its own funds, to perform or cause to be performed the Work as agent for Owner.

  • I have signed this statement of my own free will.a. NAME (Last, First, Middle Initial)b.

  • Agent has used or will use all Owner Advances provided to it solely for application against the Cost of the Properties, as agent of Owner, in accordance with the terms and conditions of this Agreement, the Lease and the Loan Agreement.

  • Owner Advances - If an owner advance and/or expense will be repaid from the development’s operating account, they must be reported in the Long-Term Liabilities Section of Schedule B.

  • At the Initial Closing, Owner will enter into the Loan Agreement and the other Operative Documents to which it is a party in order to obtain financing for Owner Advances with respect to the New Facilities and the Existing Facilities.

  • Results of Audit Finding 1: Sunset Manor Made Unauthorized Distributions and Repayment of Owner Advances While the Project Was in a Non- Surplus-Cash Position Sunset Manor made unauthorized distributions and repayment of owner advances while the project was in a non-surplus-cash position.

Related to Owner Advances

  • Cash Advances These are from cash advances and cash equivalent transactions you make with your account. “Special Offers” These are from your use of the account to take advantage of special, introductory, or promotional offers we make available to you at times. Each such transaction may be kept track of separately on your statement and may be treated as its own Balance Category. “Eligible Purchases” These are from purchases of goods and services you make with your account (a) at certain merchants or of specified types listed in the Schedule; and (b) in which a single or multiple items are purchased in the same transaction totaling certain amounts as listed in the Schedule. Each Eligible Purchase may be kept track of separately on your statement and may be treated as its own Balance Category. Eligible Purchase(s) may also be referenced and abbreviated as “Elig Purch” in some locations in the Schedule.

  • Outstanding Advances means, with respect to a Receivable and the last day of a Collection Period, the sum of all Advances made as of or prior to such date, minus (1) all payments or collections as of or prior to such date which are specified in Section 4.04(b) and (c) as applied to reimburse all unpaid Advances with respect to such Receivable and (2) all amounts for which the Servicer has deemed to have released all claims for reimbursement of Outstanding Advances pursuant to Section 3.08.

  • Servicer Advance or "Servicing Advance" as defined in the applicable Purchase and Servicing Agreement.

  • Permitted Intercompany Advances means loans made by (a) a Loan Party to another Loan Party, (b) a Subsidiary of a Borrower that is not a Loan Party to another Subsidiary of a Borrower that is not a Loan Party and (c) a Subsidiary of a Borrower that is not a Loan Party to a Loan Party, so long as the parties thereto are party to the Intercompany Subordination Agreement.

  • 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).

  • Subservicer Advance Any delinquent installment of principal and interest on a Mortgage Loan which is advanced by the related Subservicer (net of its Subservicing Fee) pursuant to the Subservicing Agreement.

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

  • SOFR Advance means any Loan which, except as otherwise provided in Section 2.10, bears interest at a rate based on Adjusted Term SOFR (other than a Floating Rate Advance as to which the interest rate is determined with reference to Adjusted Term SOFR or a SOFR Market Index Rate Advance).

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Servicing Advances All customary, reasonable and necessary "out of pocket" costs and expenses incurred in the performance by the Master Servicer of its servicing obligations, including, but not limited to, the cost of (i) the preservation, restoration and protection of a Mortgaged Property, (ii) any expenses reimbursable to the Master Servicer pursuant to Section 3.11 and any enforcement or judicial proceedings, including foreclosures, (iii) the management and liquidation of any REO Property and (iv) compliance with the obligations under Section 3.09.

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

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Equipment Advance is defined in Section 2.1.1.

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

  • Nonrecoverable Advances Means, with respect to any Mortgage Loan, (a) any Delinquency Advance or Servicing Advance previously made and not reimbursed pursuant to Section 5.03 of the Sale and Servicing Agreement, or (b) a Delinquency Advance proposed to be made in respect of a Mortgage Loan or REO Property either of which, in the good faith business judgment of the Servicer, as evidenced by an Officer’s Certificate delivered to the Indenture Trustee no later than the Business Day following such determination, would not ultimately be recoverable pursuant to Section 5.03 of the Sale and Servicing Agreement.

  • Existing Loans has the meaning specified in Section 2.19(a).

  • Property Advance means an advance made in respect of property protection expenses or expenses incurred to protect, preserve and enforce the security for the Mortgage Loan or to pay taxes and assessments or insurance premiums with respect to the Mortgaged Property.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Outstanding Interest Advances means, as of the last day of a Collection Period with respect to a Receivable, the portion of Outstanding Advances allocable to interest.

  • Revolving Advances means Advances made other than Letters of Credit.

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

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

  • or "Advances means a cash advance or cash advances under the Revolving Facility.

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

  • Equipment Loan means middle market equipment loans that consist of loans made to obligors in the United States of America primarily secured by new or used transportation equipment and managed by the Equipment Finance reporting category of the Commercial Lending and Leasing division of GE Capital.

  • Servicer Advance Date As to any Distribution Date, 11:30 a.m., Eastern time, on the Business Day immediately preceding such Distribution Date.