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 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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Required Advance has the meaning set forth in Section 1.1(b).
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Examples of Required Advance in a sentence

  • 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.

  • 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).

  • Any reduction of the Advances Outstanding (other than with respect to payments of the Required Advance Reduction Amount) shall be in a minimum amount of $1,000,000 (or the Alternative Currency Equivalent thereof) with integral multiples of $100,000 (or the Alternative Currency Equivalent thereof).

  • Notwithstanding the foregoing, so long as no event of Default is continuing, Lender shall automatically make a Delayed Advance to Borrower in the amount of $50,000,000 (the “Required Advance”) on May 5, 2016, and Borrower hereby requests the making of such Required Advance on such date pursuant to the terms of this Agreement (and for the avoidance of doubt, Borrower shall pay the funding fee specified in this clause (b) with respect to such Required Advance).

  • Upon making the first Delayed Advance, the Loan shall be secured by each of the Properties, including the Required Advance Properties, and Lender shall record Mortgages encumbering the Required Advance Properties.

  • On the Closing Date, the Co-Issuers shall cause to be deposited in the Advance Reserve Account the Required Advance Reserve Account Amount.

  • On each Payment Date funds in an amount up to the Required Advance Reserve Amount will be remitted to the Paying Agent for deposit to the Advance Reserve Account to the extent available in accordance with the Section 8.06.

  • Upon making the Closing Date Advance, the Loan shall be secured by each of the Properties, except the Required Advance Properties, and Lender shall record Mortgages encumbering each of the Properties, except the Required Advance Properties.

  • Upon Administrative Agent’s receipt of such Deemed Collection and so long as no Default or Event of Default has occurred and the Required Advance Reduction Amount is not greater than zero, the Administrative Agent, as agent for the Secured Parties, shall release from the lien created by this Agreement the Pledged Loan with respect to which the Administrative Agent has received such Deemed Collection.

  • Borrower's 20% of the Required Advance shall be due on April 30, 2016.


More Definitions of Required Advance

Required Advance shall have the meaning assigned to such term in Section 2.2.
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Required Advance shall have the meaning given such term in the definition of “Defaulting Buyer”.
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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.

  • SOFR Advance means an Advance that bears interest at a rate based on Term SOFR.

  • 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).

  • ABR Advance means an Advance which bears interest at the Alternate Base Rate.

  • 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 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.