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 according 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

  • Prescheduled overtime for casino operations will be based on seniority.

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

  • You must notify us in writing of any proposed changes in directors, share holding, ownership of you or change of the trustee prior to such changes taking place and you undertake to also notify us of any material change in details provided by you in your Offer or any information provided to us in connection with the payment of the Production Advance (if applicable) at the time such change takes place.

  • Upon the commencement of principal photography (or animation) of each Picture based on the Property other than the first Picture, SPE will pay to Marvel the applicable Production Advance less the immediately preceding Rights Extension Payment.

  • The Production Advance for the sixth Picture produced hereunder shall be $11,000,000.

  • The Production Advance for the eighth Picture produced hereunder shall be $12,000,000.

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

  • The Production Advance for each of the second, third, and fourth Pictures produced hereunder shall be the sum of $10,000,000.

  • With respect to the second Picture and each subsequent Picture produced hereunder, the applicable Production Advance under Section 7.c (including the applicable Rights Extension Payment) will constitute a prepayment of, and shall be fully recoupable by SPE out of, any and all Contingent Compensation otherwise payable to Marvel under Section 8 below in connection with the applicable Picture.

  • The Production Advance for the seventh Picture produced hereunder shall be $11,500,000.

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 is modified to read “Preparation Advance” and its definition is modified to read as follows:

  • Program Preparation Advance (renamed as such pursuant to subparagraph 8 (c) above) is modified to read “Preparation Advance” and its definition is modified to read as follows:

  • 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.

  • 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 the amount requested by you and advanced to you by any method approved by us according to the terms of this Agreement in cash or cash equivalent items (including, but not limited to, money orders, travelers checks, lottery tickets, casino chips, vouchers redeemable for cash, or racetrack xxxxxx).

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

  • 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.