Permitted Advance Date definition

Permitted Advance Date means, during the Commitment Period, but in no event more often than once per week, the date which occurs three (3) Business Days following the Borrower's delivery of a Notice of Borrowing and Pledge to the Lender, with a copy to the Collateral Agent.
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Permitted Advance Date means, with respect to (a) the initial Advance (or initial Advances in more than one Currency), the Initial Advance Date, and (b) any other Advance (i) any date set forth in clause (a)(i) of the definition of Settlement Date, or (ii) to the extent the Agent (acting upon the instruction of the Instructing Group) determines, any other day.
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Permitted Advance Date means any Business Day during the Commitment Period, but in no event more often than once per week, provided that Borrower has delivered a Notice of Borrowing and Pledge to Lender, with a copy to the Servicer and the Insurer, by no later than 3:00 p.m. Los Angeles time on the immediately preceding Business Day.
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Examples of Permitted Advance Date in a sentence

  • Where there are errors in the distribution of overtime opportunities, the Employer will be given one opportunity to correct the error by granting to any member whose rights were violated, the next opportunity to overtime within his or her overtime group.

  • The principal amount of such Advance does not exceed the lesser of (i) the Available Commitment on such Funding Date, (ii) an amount which, when added to the Total Outstanding Advances on such Permitted Advance Date (before giving effect to the Advance to be made on such Permitted Advance Date), would result in a Borrowing Base Deficiency after giving effect to such Advance, and (iii) the Aggregate Principal Balance of the Eligible Contracts to be funded with such Advance.

  • Subject to the terms and conditions of this Agreement, including those set out in Clause 3 (Conditions Precedent), the Lender shall make advances to the Purchaser (each an “Advance”) from time to time on any Permitted Advance Date occurring during the period from the Closing Date to the Termination Date.

  • The principal amount of such Advance (i) does not exceed the Available Commitment on such Funding Date and (ii) when added to the Total Outstanding Advances on such Permitted Advance Date (before giving effect to the Advance to be made on such Permitted Advance Date), does not result in a Borrowing Base Deficiency.

  • The principal amount of such Advance does not ----------------- exceed the lesser of (i) the Available Commitment on such Funding Date, (ii) an amount which, when added to the Total Outstanding Advances on such Permitted Advance Date (before giving effect to the Advance to be made on such Permitted Advance Date), would result in a Borrowing Base Deficiency after giving effect to such Advance, and (iii) the Aggregate Principal Balance of the Eligible Contracts to be funded with such Advance.

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  • The Purchaser (or the Servicer on the Purchaser’s behalf) shall request each Advance to be made under this Agreement by delivering (or causing to be delivered) to the Funding Agent by facsimile a Borrowing Request no later than 10:00 a.m. (London time) on the fourth Business Day (or such shorter period as may be agreed between the Parties) prior to the relevant Permitted Advance Date on which such Advance is to be made.


More Definitions of Permitted Advance Date

Permitted Advance Date means, with respect to:
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Related to Permitted Advance Date

  • Permitted Advance means an advance of funds by the Assuming Bank with respect to a Shared-Loss Loan, or the making of a legally binding commitment by the Assuming Bank to advance funds with respect to a Shared-Loss Loan, that (i) in the case of such an advance, is actually made, and, in the case of such a commitment, is made and all of the proceeds thereof actually advanced, within one (1) year after the Commencement Date, (ii) does not cause the sum of (A) the book value of such Shared-Loss Loan as reflected on the Accounting Records of the Assuming Bank after any such advance has been made by the Assuming Bank plus (B) the unfunded amount of any such commitment made by the Assuming Bank related thereto, to exceed 110% of the Book Value of such Shared-Loss Loan, (iii) is not made with respect to a Shared-Loss Loan with respect to which (A) there exists a related Shared-Loss Loan Commitment or (B) the Assuming Bank has taken a Charge-Off and (iv) is made in good faith, is supported at the time it is made by documentation in the Credit Files and conforms to and is in accordance with the applicable requirements set forth in Article III of this Commercial Shared- Loss Agreement and with the then effective written internal credit policy guidelines of the Assuming Bank; provided, that the limitations in subparagraphs (i), (ii) and (iii) of this definition shall not apply to any such action (other than to an advance or commitment related to the remediation, storage or final disposal of any hazardous or toxic substance, pollutant or contaminant) that is taken by Assuming Bank in its reasonable discretion to preserve or secure the value of the collateral for such Shared-Loss Loan.

  • 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.

  • P&I Advance Date The Business Day immediately prior to each Distribution Date.

  • 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).

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

  • 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).

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

  • Term SOFR Advance means an Advance that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Advance Date means the funding date of any Advance.

  • Permitted Prepayment Date means the Business Day after the second (2nd) anniversary of the first Payment Date

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

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

  • PIK Loan means a Loan that permits the Obligor thereon to defer or capitalize any portion of the accrued interest thereon.

  • Revolving Facility Maturity Date means, as the context may require, (a) with respect to the Revolving Facility in effect on the Closing Date, the fifth anniversary of the Closing Date and (b) with respect to any other Classes of Revolving Facility Commitments, the maturity dates specified therefor in the applicable Extension Amendment or Refinancing Amendment.

  • Permitted Loan shall have the meaning set forth in Section 4.02(a).

  • Tranche B Advance has the meaning specified in Section 2.01(b).

  • 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).

  • Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that such loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.

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

  • 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.

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

  • ABR Advance means an Advance which bears interest at the ABR Rate.

  • Revolving Advance has the meaning given in Section 2.1.

  • Equipment Advance is defined in Section 2.1.1.

  • Revolving Line Maturity Date is that date which is two (2) years following the Effective Date.