Required Advance definition

Required Advance means an advance required by HMO Regulators to be made by the Borrower or any of its Subsidiaries to a Contract Provider.
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Required Advance has the meaning set forth in Section 1.1(b).
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Required Advance means the share of a Disbursement to be funded by each Lender in accordance with the provisions of Section 6.1.
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Examples of Required Advance in a sentence

  • Tenant may exercise a Renewal Option and commence an Extension Period only if Tenant shall not be in default (beyond applicable cure periods) under this Lease at the time of any such election, and by giving Landlord written notice of each such election not later than the Required Advance Notice of Exercise of Renewal Options (as defined in Section 14 of Part I).

  • The Term of this Lease shall be extended if Tenant provides Landlord written notice of Tenant’s exercise of the Renewal Option in accordance with the Required Advance Notice to Exercise Renewal Options.

  • Each Limited Partner agrees to advance to the Partnership cash in the amount of each Required Advance on or before the date such Required Advance is payable as set forth in the Advance Notice.

  • In the event a Lender does not make its Required Advance available to Agent by 1:00 p.m. on the day Agent funds a Disbursement, such Lender is a Defaulting Lender until such time as it cures its failure to fund pursuant to Section 2.7 and is not otherwise a Defaulting Lender.

  • The Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, in accordance with a request of the Required Advance Funding Providers and such request and any action taken or failure to act pursuant thereto shall be binding upon the Advance Funding Providers.

  • In the event a Lender does not make its Required Advance available to Agent by 3:00 p.m., on the day Agent funds a Disbursement, such Lender is a Defaulting Lender until such time as it cures its failure to fund pursuant to Section 2.7 and is not otherwise a Defaulting Lender.

  • Tenant may exercise a Renewal Option and commence an Extension Period by giving Landlord written notice of each such election not later than the Required Advance Notice of Exercise of Renewal Options (as defined in Section 13 of Part I).

  • On each reduction of Advances Outstanding pursuant to Section 2.4(b), or on each repayment of Advances or each pledge of additional Eligible Loans, in each case to pay any Required Advance Reduction Amount pursuant to Section 2.6(b), the Borrower (and the Servicer on its behalf) will provide a Repayment Notice and a Borrowing Base Certificate, each updated as of such date, to the Administrative Agent and each Purchaser Agent (with a copy to the Trustee and the Backup Servicer).

  • Upon timely receipt of the Required Advance by Lender, the Borrower Receivable Amount is considered paid in full through February 4, 2016 for the purposes of the Exclusive Master Supply Agreement.

  • Any reduction of the Advances Outstanding (other than with respect to prepayments of Advances Outstanding to be made by the Borrower to reduce the Required Advance Reduction Amount to an amount equal to zero) shall be in a minimum amount of $1,000,000 with integral multiples of $100,000.


More Definitions of Required Advance

Required Advance shall have the meaning assigned to such term in Section 2.2.
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Related to Required Advance

  • 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.

  • 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.

  • 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.

  • Tranche A Advance means an Advance made by a Bank under Tranche A.

  • Unpaid Advance has the meaning assigned to such term in Section 2.05.

  • Prime-based Advance means an Advance which bears interest at the Prime-based Rate.

  • Interest Advance means an Advance made pursuant to Section 2.02(a).

  • Delinquency Advance As defined in Section 8.09(a) hereof.

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

  • Downgrade Advance means an Advance made pursuant to Section 2.02(c).

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

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

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

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • Unliquidated Advance Any Advance previously made by a party hereto that has been previously reimbursed, as between the Person that made the Advance hereunder, on the one hand, and the Trust Fund, on the other, as part of a Workout-Delayed Reimbursement Amount pursuant to subsections (ii) (B) and (C) of Section 3.06(a) of this Agreement but that has not been recovered from the Mortgagor or otherwise from collections on or the proceeds of the Mortgage Loan or REO Property in respect of which the Advance was made.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Required Prepayment Lenders the Majority Facility Lenders in respect of each Facility.

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

  • Eligible advance means an advance made before August 19, 1993.

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • Swing Line Advance means an advance made by (a) the Swing Line Bank pursuant to Section 2.01(c) or (b) any Revolving Credit Lender pursuant to Section 2.02(b).

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • P&I Advance means an advance made by a party to any Securitization Servicing Agreement in respect of a delinquent monthly debt service payment on the Note(s) securitized pursuant to such Securitization Servicing Agreement.

  • Revolving Advance has the meaning given in Section 2.1.