Production Advance definition

Production Advance collectively means each loan or other funding that Beneficiary has provided or shall provide to or for the benefit of Producer pursuant to the Funding Documents, which is deposited directly into the Production Account, paid directly to Completion Guarantor or, subject to Completion Guarantor’s prior written consent, paid directly to a third person (which consent shall be deemed to have been given by Completion Guarantor in the event Completion Guarantor executes a borrowing certificate or other payment instruction authorizing funds to be paid directly to a third person). For the avoidance of doubt, Production Advances shall not include any loan or other funding if the proceeds thereof are used to pay any Interest or Charges.
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Examples of Production Advance in a sentence

  • Any adverse movement of currency exchange rates on any amount of any Production Advance or production expenditures by Producer (or in the event Completion Guarantor shall take over Production and Delivery, by Completion Guarantor).

  • Producer shall permit the proceeds of each Production Advance to be used solely to cover the cost of Production and Delivery.

  • March 15, 2022, is the last date to apply for 2021/22 Post-Harvest Advance, an Actual Honey Production Advance, or a 2021/22 Fall Livestock Advance.

  • March 15, 2023, is the last date to apply for 2022/23 Post-Harvest Advance, an Actual Honey Production Advance, or a 2022/23 Fall Livestock Advance.

  • March 15, 2024, is the last date to apply for 2023/24 Post-Harvest Advance, an Actual Honey Production Advance, or a 2023/24 Fall Livestock Advance.

  • Each Production Advance shall be funded in accordance with the Cash Flow Schedule, subject to acceleration as provided for herein, by electronic funds transfer directly to the Production Account (except for the Guaranty Fee, which will be paid directly to Completion Guarantor) or as otherwise instructed or approved in writing by Completion Guarantor.

  • Each Production Advance shall be funded in accordance with the Cash Flow Schedule, subject to acceleration as provided for herein, by electronic funds transfer directly to the Production Account (except for the Guaranty Fee, which will be paid directly to Completion Guarantor) or as otherwise approved in writing by Completion Guarantor.

  • Beneficiary shall not be required to supervise or administer, and agrees to not interfere with, Producer’s or Completion Guarantor’s use of any Production Advance.

  • Production Advance for performers will be coordinated by the City of Rockville Production Manager.

  • The Production Advance for the fifth Picture produced hereunder shall be $10,500,000.

Related to Production Advance

  • ‘Preparation Advance’ means the advance referred to in the Financing Agreement and repayable in accordance with Section 2.07.”

  • Project Preparation Advance means the project preparation advance granted by the Association to the Borrower pursuant to an exchange of letters dated April 28, 1994 and May 21, 1994 between the Borrower and the Association;

  • 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).

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

  • Participation Advance shall have the meaning set forth in Section 2.12(d).

  • Equipment Advance is defined in Section 2.1.1.

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

  • 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.

  • Monthly P&I Advance An advance of funds by the Master Servicer pursuant to Section 4.02 or a Servicer pursuant to its Selling and Servicing Contract to cover delinquent principal and interest installments.

  • 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.

  • 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).

  • Unapplied Non-Extension Advance means any Non-Extension Advance other than an Applied Non-Extension Advance.

  • Revolving Advance has the meaning given in Section 2.1.

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

  • Provider Advance means a Downgrade Advance or a Non-Extension Advance.

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • Monthly Advance The portion of each Monthly Payment that is delinquent with respect to each Mortgage Loan at the close of business on the Determination Date required to be advanced by the Company pursuant to Section 5.03 on the Business Day immediately preceding the Remittance Date of the related month.

  • Property Protection Advance shall have the meaning assigned to the term “Servicing Advance” in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

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

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

  • Applied Non-Extension Advance has the meaning assigned to such term in Section 2.06(a).

  • Applied Special Termination Advance has the meaning assigned to such term in Section 2.05.

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

  • Unapplied Provider Advance means any Provider Advance other than an Applied Provider Advance.

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

  • 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.