Reserve Advance definition

Reserve Advance. Defined in Section 2.7(c)(i).
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Reserve Advance shall have the meaning specified in Section 5.1(c).
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Reserve Advance means amounts advanced from the Reserve Account in accordance with Section 5.1(b) hereof.
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Examples of Reserve Advance in a sentence

  • Notwithstanding the foregoing sentence and subject to the other provisions hereof, on each date that an Accrued Interest Payment becomes due and payable hereunder, Lender shall make an Interest Reserve Advance hereunder in the amount of such Accrued Interest Payment, which shall be applied to the Accrued Interest Payment then due and payable, until the Interest Reserve has been fully exhausted.

  • Proceeds from any Class A Reserve Advance shall be deposited into the Issuer Reserve Account.

  • The undersigned hereby requests that a [Class A Ordinary Advance] [Class A Reserve Advance] be made in the aggregate principal amount of € on [●] 20[●].

  • Replacement Reserve Advance Account – Both participants are required to advance amounts for the cost to replace existing assets.

  • Advance deposits - investment in LVMWD/TSD Joint Venture – Pursuant to the Joint Powers Agreement, each participant is required to maintain advance deposits with the LVMWD/TSD Joint Venture for the following purposes: Operating Reserve Advance Account – Both participants are required to advance amounts estimated to provide for three months operating expenses.

  • The contractor shall provide a commercial ------------------ manual to support operation and maintenance of the ISMT/IST.

  • The amount and other terms of the Reserve Advance, if any, are provided for in the attached Schedule A.

  • Upon each Interest Reserve Advance, irrespective of whether the Advance Conditions were met, (i) the amount of remaining Interest Reserve (if any) shall be reduced by the amount of such Interest Reserve Advance and (ii) such Interest Reserve Advance funded by Lender hereunder shall automatically become principal outstanding under this Note upon such funding.

  • Notwithstanding the foregoing sentence, on each date that an Accrued Interest Payment becomes due and payable hereunder, provided that the Advance Conditions are then satisfied and that a sufficient amount of Interest Reserve is available for the funding of an Interest Reserve Advance, Lender shall make an Interest Reserve Advance hereunder in the amount of such Accrued Interest Payment which shall be applied to the Accrued Interest Payment then due and payable.

  • The additional advance of funds ("Reserve Advance"), if any, made contemporaneously with the Initial Advance shall be into a reserve account for the purpose of funding subsequent Borrower requests for reimbursement of the costs of construction and/or rehabilitation of the Property.


More Definitions of Reserve Advance

Reserve Advance shall have the meaning set forth in Section 1.1 of the Security Agreement.
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Reserve Advance has the meaning set forth in Section 4.6.
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Related to Reserve Advance

  • Revolving Advance has the meaning given in Section 2.1.

  • Administrative Advance shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

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

  • Revolving Advances means Advances made other than Letters of Credit.

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

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

  • Agent Advances has the meaning set forth in Section 2.3(e)(i).

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

  • Revolver Loan a loan made pursuant to Section 2.1, and any Swingline Loan, Overadvance Loan or Protective Advance.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

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

  • Term Loan has the meaning specified in Section 2.01(b).

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

  • Tranche A Loan means an extension of credit by a Lender to a Tranche A Borrower under Article II in the form of a Committed Loan or a Money Market Loan, including a Loan converted to a term Loan pursuant to Section 2.13(c). Tranche A Loans shall be denominated in US Dollars or any Alternative Currency.

  • Revolving Loan means a Loan made pursuant to Section 2.01.

  • Protective Advance has the meaning assigned to such term in Section 2.04.

  • Overadvance Loan means a Base Rate Loan made when an Overadvance exists or is caused by the funding thereof.

  • 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.

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Most Referenced Definitions