Proposed Initial Advance definition

Proposed Initial Advance has the meaning set forth in Section 2.3(a) of the Loan Agreement.
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Examples of Proposed Initial Advance in a sentence

  • The Borrowing Request for the Initial Advance is permitted to have been prepared and delivered by the Borrower up to five (5) Business Days before the date of execution of this Loan Agreement such that the related Proposed Initial Advance Notice and Initial Advance Acceptance may be executed concurrently with this Loan Agreement.

  • As the Lenders were willing to make such Proposed Initial Advance and the Borrower determined to accept such Proposed Initial Advance, on or before the third (3rd) Business Day after the delivery of the Proposed Initial Advance Notice by the Administrative Agent, the Borrower notified the Administrative Agent that the Borrower accepted the Proposed Initial Advance (an “Initial Advance Acceptance”).

  • The Borrowing Request for the Initial Advance was permitted to have been prepared and delivered by the Borrower up to five (5) Business Days Amended and Restated Loan and Security Agreement before the date of execution of the Original Loan Agreement such that the related Proposed Initial Advance Notice and Initial Advance Acceptance was executed concurrently with the Original Loan Agreement.

  • The Borrowing Request for the Initial Advance was permitted to have been prepared and delivered by the Borrower up to five (5) Business Days before the date of execution of the Original Loan Agreement such that the related Proposed Initial Advance Notice and Initial Advance Acceptance was executed concurrently with the Original Loan Agreement.

Related to Proposed Initial Advance

  • Initial Advance means the first Advance made pursuant to Article II.

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

  • Initial Loan is defined in Section 2.1.

  • Additional Advance means each additional loan that is made under an RBC Homeline Plan after the initial advance, including any new or additional advances, increases to principal, or further borrowings or extensions of the term, including in the case of any fluctuating account or accounts, revolving loans, or lines of credit, additional segments of such facilities made after the initial advance. They are referred to collectively as Additional Advances.

  • Additional Loans Purchase Price means the dollar amount representing the aggregate purchase price of the related Additional Loans as specified in the applicable Additional Purchase Agreement (which, with respect to any Additional Loan purchased with funds on deposit in the Supplemental Purchase Account, will be equal to 100% of the aggregate principal balance of such Additional Loan, plus accrued interest to be capitalized).

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

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

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

  • Proposed Prepayment Date is defined in Section 8.3(c).

  • 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.

  • Drawdown means the drawdown of a Tranche under the Loan Facility;

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

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

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Increased Facility Closing Date any Business Day designated as such in an Increased Facility Activation Notice.

  • Proposed Borrowing Base has the meaning assigned to such term in Section 2.07(c)(i).

  • Initial Borrowing means the first Borrowing made pursuant to this Agreement.

  • Advance Notice Date means each date the Company delivers to the Investor an Advance Notice requiring the Investor to advance funds to the Company, subject to the terms of this Agreement. No Advance Notice Date shall be less than seven (7) Trading Days after the prior Advance Notice Date.

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

  • Drawdown Notice means a notice in the form set out in Schedule 2 (or in any other form which the Agent approves or reasonably requires);

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).