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.
Sample 1
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.
Sample 1

Examples of Permitted Advance Date in a sentence

  • 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 after giving effect to such Advance.

  • 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.

  • 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.

  • Each such Borrowing Request shall, in accordance with Section 2.1(a), specify (i) the date of such Advance (the “Advance Date”) which shall be a Permitted Advance Date, (ii) the Currency of such Advance, (iii) subject to Sections 2.1(b) and 2.2(b), the amount of such Advance, and (iv) all other information specified in Exhibit A.

  • 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.

  • 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.


More Definitions of Permitted Advance Date

Permitted Advance Date means, with respect to:
Sample 1

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.

  • 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 denominated in Dollars which, except as otherwise provided in Section 2.11, bears interest at the Adjusted Term SOFR Rate.

  • 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.

  • PIK Loan has the meaning set forth in Section 3.02(d).

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

  • 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.

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

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

  • Revolving Advance has the meaning given in Section 2.1.

  • Equipment Advance is defined in Section 2.1.1.

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • Term SOFR Rate Loan means a Loan made hereunder with respect to which the interest rate is calculated by reference to Term SOFR (other than a Loan for which clause (c) of the definition of Base Rate is used to determine Base Rate).

  • Funding Date is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business Day.

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

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