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 means the amount of the Advance that is requested by the Borrower, not to exceed the Maximum Advance Amount.
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Requested Advance Amount for the respective Advance);
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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. $_______________________ (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. $_____________________
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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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Related to Requested Advance Amount

  • 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).

  • 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.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Maximum Revolving Advance Amount means $25,000,000.

  • 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.

  • Maximum Advance Amount shall be Two Hundred Fifty Thousand Dollars ($250,000) per Advance Notice.

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

  • Tranche B Advance has the meaning specified in Section 2.01(b).

  • Total Commitment Amount means, at any particular time, the aggregate of the Individual Commitments of all of the Lenders at such time.

  • 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.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • 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.

  • Overadvance Amount has the meaning specified therefor in Section 2.4(f).

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).

  • 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).

  • Swing Line Loan Commitment Amount means, on any date, $5,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Prepayment Shift Percentage Not applicable.

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

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • 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.

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.