Requested Advance Amount definition

Requested Advance Amount shall have the meaning specified in section 7.3.1(a)(2) of this Agreement.
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Requested Advance Amount for the respective Advance);
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Requested Advance Amount means the amount of the Advance that is requested by the Borrower, not to exceed the Maximum Advance Amount.
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Examples of Requested Advance Amount in a sentence

  • A reminder that all collateral and advance eligibility requirements apply, and the Requested Advance Amount is a one-time only election made on the application submitted by the member institution.

  • The Advance Request shall specify (i) the Advance Date and (ii) the Requested Advance Amount.

  • Provided no Borrower Event of Default has occurred and is continuing, Lender shall make available to Borrower the Requested Advance Amount on the Requested Disbursement Date.

  • Each determination by the Administrative Agent of the foregoing, including the amounts of the Catch-Up Advances and the Remaining Aggregate Requested Advance Amount, shall be conclusive as to the amount and calculation thereof and shall ensure that Lenders are obligated to make 100% of the aggregate amount of the Loans to be made on such Advance Date.

  • Funds in an amount equal to the Requested Advance Amount are requested to be disbursed by electronic funds transfer to the following account(s): ______________________ 12Insert the corporate name of the Borrower.

  • The obligation of a Lender (the “Primary Lender”) to Advance funds pursuant to an Advance Request Notice hereunder shall be satisfied if and to the extent that, in its sole discretion, it arranges to have another of the Lenders (the “Co-Lender”) Advance the full amount of such_Primary_Lender’s Advance Request Notice, in addition to such Co-Lender’s own associated Requested Advance Amount, toward such Primary Lender’s Requested Advance Amount.

  • Funds in an amount equal to the Requested Advance Amount are requested to be disbursed by electronic funds transfer to the following account(s): _________________________ 19Insert the corporate name of the Borrower.

  • Following the receipt of an Advance Request, the Administrative Agent shall promptly notify each Lender thereof including the amount of such Lender’s Catch-Up Advances (if any) and such Lender’s Applicable Percentage of the Aggregate Requested Advance Amount (or Remaining Aggregate Requested Advance Amount, if any Catch-Up Advances will be advanced on such Advance Date pursuant to Section 2.03(b)) for the applicable Advance Date.

  • If on an Advance Date on which Catch-Up Advances will be made pursuant hereto, all Catch-Up Advances to be advanced by the Incremental Lenders will be equal to an amount less than the relevant Aggregate Requested Advance Amount, the difference between such Aggregate Requested Advance Amount and the Catch-Up Advances to be made on such Advance Date shall be the “Remaining Aggregate Requested Advance Amount” for such Advance Date.

  • The Request for Advance shall be irrevocable and shall specify (i) the date on which the proposed Advance is to be made (which shall be a Business Day), and (ii) the amount of the Advance requested to be made (the "Requested Advance Amount"), and state that all conditions to the making of Advances set forth in Article IV hereof have been satisfied.


More Definitions of Requested Advance Amount

Requested Advance Amount means, with respect to any Advance Date, the amount of the Advance that is requested by the Issuer to be made on such Advance Date.
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Requested Advance Amount. $_____________________
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Requested Advance Amount. $_______________________ (Minimum $10,000) Purpose of Advance: Loan No(s). ________________, _______________, ________________ (Attach additional sheets as necessary. Required Documents or Trust Receipts identifying Mortgage Loans to be funded with this Advance are attached. Collateral Package forms are to be made available for online or system review by Lender or its Custodian.) Advance Date: Bank Information: Name: Branch: City/State ABA #: Attention: Beneficiary Account Title: City/State: Account #: Reference Information: Phone: Fax: Custodian Review: Comments: Signature: Date: Treasury Desk Use only: Approved / Disapproved / Comments: Wire No. Date: Cost Center: Borrower Name: Property Address: Loan Officer: Mortgagor’s Name: Original Mortgage Date: Original Mortgage Amount: Commitment: o YES o NO Less Discount: Committed To: Amount Warehoused: Commitment Number: Mortgage Interest Rate: Loan Conforms to FNMA/FHLMC Guidelines o YES o NO Package Contents: • Original Mortgage Note Endorsed in Blank • Recorded Mortgage/Copy of Mortgage • Assignment of Mortgage (only if Non-MERS) • Intervening Assignment • Mortgage Title Commitment/Policy/First Lien Letter We warrant that (1) all matured installments have been paid and no delinquencies exist at this time; (2) if the mortgage is an FHA loan it was made in accordance with applicable provisions of the law and regulations thereunder and all certificates thereby required of the Mortgagor, Mortgagee, Builder or Seller were obtained and completed and to the best of our knowledge and belief are true; if the mortgage is a VA loan the mortgage was made in accordance with applicable provisions of law and regulations thereunder; and all certificates thereby required of the Builder and lender were obtained and complete and to the best of our knowledge and belief are true; (3) if the recorded mortgage is not delivered herewith, we represent that the same has been delivered to the appropriate Register of Deeds for recording, and we agree that upon receipt of said mortgage, we will deliver the same to you herewith. We also agree to deliver the mortgage title policy to you upon receipt. We further agree to hold the policies of insurance on the property described in the above mortgage in trust for you and to deliver the same to you upon request. Furthermore, we certify that the individuals who have signed the accompanying documents for the purpose of pledging, assigning or otherwise facilitating the transfer of mortgages to ...
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Requested Advance Amount has the meaning set forth in Section 2.3(a) hereof.
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Requested Advance Amount shall have the meaning specified in section 7.3.1(a)(2) of this Agreement. "Requested Advance Date" shall have the meaning specified in section 7.3.1(a)(3) of this Agreement. "RUS Certificate" shall mean a certificate relating to the RUS Guarantee and other matters, in the form of certificate that is attached as Exhibit G to this Agreement. "RUS Guarantee" shall mean a guarantee of the Bond issued by RUS, in the form of guarantee that is attached as Exhibit H to this Agreement. "RUS Instruments" shall have the meaning specified in section 3.3.1 of this Agreement. "this Agreement" shall mean this Series B Bond Purchase Agreement between FFB, RUS, and the Borrower. "Uncontrollable Cause" shall mean, for FFB, an unforeseeable cause beyond the control and without the fault of FFB, being: act of God, fire, flood, severe weather, epidemic, quarantine restriction, explosion, sabotage, act of war, act of terrorism, riot, civil commotion, lapse of the statutory authority of the United States Department of the Treasury to raise cash through the issuance of Treasury debt instruments, disruption or failure of the Treasury Financial Communications System, closure of the Federal Government, or an unforeseen or unscheduled closure or evacuation of the FFB offices; and shall mean, for RUS, an unforeseeable cause beyond the control and without the fault of RUS, being: act of God, fire, flood, severe weather, epidemic, quarantine restriction, explosion, sabotage, act of war, act of terrorism, riot, civil commotion, closure of the Federal Government, or an unforeseen or unscheduled closure or evacuation of the RUS offices.
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