Second Advance Date definition

Second Advance Date means the date on which the Second Advance is made.
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Second Advance Date has the meaning specified in Section 2.01(b).
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Second Advance Date means the date upon which all conditions precedent in Section 10 hereof and in the Secured Revolving Note have been satisfied by the Company and the Loans pursuant to the Secured Revolving Note have been advanced by Laurus to the Company.
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Examples of Second Advance Date in a sentence

  • No Default or Event of Default shall have occurred and be continuing on the Second Advance Date or after giving effect to the Second Advance requested by Borrower to be made on such date.

  • Provided that all of the conditions set forth in Section 3.2 hereof are satisfied, Lender shall make the Second Advance to Borrower on the Second Advance Date.

  • The Advances shall bear interest from the Initial Advance Date and separately from the (i) Second Advance Date and (ii) the applicable Working Capital Advance Date at the rate per annum equal to three percent (3%) plus the One Year FHLBB Advance Rate as in effect on the date of such Advance.

  • The Company shall execute and deliver to Laurus on the Closing Date the Revolving Note evidencing the Second Advance to be funded on the Second Advance Date.

  • Upon the Second Advance Date, the Company shall pay to Laurus Capital Management LLC, a closing payment in an amount equal to $US144,000.

  • Subject to the terms and conditions contained in this Agreement, Lender will make on the Second Advance Date an advance to Borrowers computed with respect to the value of all Eligible Securities owned by the Mennen Trust on the Second Advance Date (the “Second Advance” and collectively with the Initial Advance each an “Advance” and collectively “Advances”) in the principal amount, if any, set forth in Section 2(a) of Schedule A.

  • Interest on the entire amount evidenced by this Note shall accrue from the Second Advance Date until this Note and all accrued interest are paid in full.

  • After the Second Advance Date, upon the request of any Lender holding two Notes (evidencing Loans made pursuant to such Lender’s Initial Advance Commitment and Loans made pursuant to such Lender’s Second Advance Commitment), the Borrower will execute a replacement Note in favor of such Lender (in the amount of such Lender’s aggregate Commitment) upon the return of such previously-issued Notes to the Administrative Agent.

  • Pursuant to the Second Escrow Agreement, on the Second Advance Date, Laurus will deliver to the Company the amount set forth in the Second Disbursement Letter by certified funds or wire transfer (the "Second Advance").

  • The Agent shall have received from the Borrower written notice, executed by the Chief Executive Officer or the Chief Financial Officer of the Borrower requesting an advance of the Second Tranche and specifying the Second Advance Date (which shall be no earlier than three (3) Business Days after delivery of such notice to the Agent).


More Definitions of Second Advance Date

Second Advance Date means the date occurring on or before November 30, 2005, on which date the Borrower has (by delivery of a Loan Notice) request that the Second Advance be made and on which all the conditions precedent set forth in Section 4.02 have been satisfied or waived in accordance with Section 10.10.
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Second Advance Date has the meaning given to it in Section 3.2 hereof.
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Second Advance Date means September 15, 1998, or such later date, if ever, as, to the satisfaction of Buyer (in its sole discretion), (a) Shareholder shall have obtained the consent of Shareholder's wife Xxxxxxxxx Xxxxx to the transactions contemplated by this Agreement, (b) Corporation and LLC have implemented a plan satisfactory to Buyer to bring current the accounting books and records of Corporation and LLC and to implement proper and appropriate accounting procedures, and (c) with Xxxxxxxx Xxxxxx, Esq., counsel to Corporation, Xxxx Xxxxxx, Esq., counsel to Buyer, shall have contacted Xxxx or Xxxx'x counsel with respect to a settlement of all claims arising between Corporation or LLC and Xxxx and Xxxx'x successors and assigns, the terms of which are no less favorable to Corporation and LLC than those set forth in Schedule 2 to this Agreement.
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Second Advance Date means November 2, 2007.
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Related to Second Advance Date

  • Advance Date means the funding date of any Advance.

  • P&I Advance Date The Business Day immediately prior to each Distribution Date.

  • Initial Advance means the first Advance made pursuant to Article II.

  • Servicer Advance Date As to any Distribution Date, 11:30 a.m., Eastern time, on the Business Day immediately preceding such Distribution Date.

  • Funding Date is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business Day.

  • Master Servicer Advance Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • 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.

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

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Original Loan shall have the meaning set forth in the recitals hereto.

  • 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.

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

  • Credit allowance date means with respect to any qualified equity investment:

  • 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).

  • Loan Date means the date of the Loan Agreement as set forth in Exhibit A.

  • Original Pre-Funded Amount The amount deposited by the Depositor in the Pre-Funding Account on the Closing Date, which amount is $36,215,225.

  • Total loan amount means the principal of a loan minus those points and fees that are included in the principal amount of the loan. For open-end loans, the total loan amount must be calculated using the total line of credit allowed under the residential mortgage loan at closing. [PL 2011, c. 427, Pt. A, §15 (NEW).]

  • Disbursement Date is defined in Section 2.6.2.

  • Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.

  • Equipment Advance is defined in Section 2.1.1.

  • Loan Year means each period of twelve (12) consecutive months commencing on the Closing Date and on each anniversary thereof.

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

  • Second Draw Period is the period commencing on the date occurring on or after the Second Amendment Effective Date in which Borrower satisfies the Second Draw Conditions and ending on the earlier of (a) June 20, 2021, and (b) the occurrence of an Event of Default.

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

  • Draw Date means, with respect to any Insured Distribution Date, the third Business Day immediately preceding such Insured Distribution Date.

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.