Seller Advances definition

Seller Advances has the meaning set forth in Article C I. 1.
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Seller Advances means the advances by Seller to the Companies in the amounts listed in Section 5.9 of the Seller Disclosure Letter in the table row entitled “Due to Seller 4/6/15” that will be converted to capital contributions to the Companies in accordance with Section 8.1(d) to the extent not repaid by the Closing.
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Seller Advances shall have the meaning assigned to that term in Section 9(b)(i) hereof.
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Examples of Seller Advances in a sentence

  • Each reference to a Venture Loan or Subsequent Venture Loan shall include all Subsequent Seller Advances made thereunder, as the case may be, which are identified in a Subsequent Transfer Instrument.

  • Book Entry Set-off of Advances against Seller Advances...........

  • As of the date hereof, excluding the Seller Advances (and as contemplated by Section 8.1(d)), neither Seller nor an Affiliate of any Company or Seller possesses, directly or indirectly, any material financial interest in, or is a director or officer of, any Person which is a material supplier, customer, lessor or lessee of any Company.

  • Excluding the Seller Advances (and as contemplated by Section 8.1(d)), there are no Contracts or arrangements between any Company, on the one hand, and any current or former officer or director of any Company or any of such officer’s or director’s immediate family members or Affiliates, any other Affiliates of such Company (other than the other Company), or Seller or any of its Affiliates (other than any Company), on the other hand (any such Contract or arrangement, an “Interested Party Transaction”).

  • For the avoidance of doubt, the Purchaser shall not assume hereunder any obligation to make Subsequent Seller Advances (or any other payments) under any Venture Loan or Subsequent Venture Loan.

  • The parties hereby agree that the total amount of the Seller Advances payable by the Purchaser pursuant to this paragraph is USD 107,500.

  • Outstanding Seller Advances will rank ahead of Notes with respect to payment of principal prior to enforcement of the charge under the Security Trust Deed, and investors may not receive full repayment of principal on the Notes.

  • The parties hereby agree that the total amount of the Seller Advances payable by the Purchaser pursuant to this paragraph is USD 157,500.

  • Seller Advances are initially funded by the Seller and are reimbursed to the Seller from Principal Collections on the following Payment Date.

  • In addition the Trustee may issue Redraw Notes to fund Seller Advances to the extent such redraws are not able to be funded from Principal Collections.

Related to Seller Advances

  • Servicing Advances All customary, reasonable and necessary "out of pocket" costs and expenses incurred in the performance by the Master Servicer of its servicing obligations, including, but not limited to, the cost of (i) the preservation, restoration and protection of a Mortgaged Property, (ii) any expenses reimbursable to the Master Servicer pursuant to Section 3.11 and any enforcement or judicial proceedings, including foreclosures, (iii) the management and liquidation of any REO Property and (iv) compliance with the obligations under Section 3.09.

  • or "Advances means a cash advance or cash advances under the Revolving Facility.

  • Subservicer Advance Any delinquent installment of principal and interest on a Mortgage Loan which is advanced by the related Subservicer (net of its Subservicing Fee) pursuant to the Subservicing Agreement.

  • Servicer Advance or "Servicing Advance" as defined in the applicable Purchase and Servicing Agreement.

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

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

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

  • Outstanding Advances means, with respect to a Receivable and the last day of a Collection Period, the sum of all Advances made as of or prior to such date, minus (1) all payments or collections as of or prior to such date which are specified in Section 4.04(b) and (c) as applied to reimburse all unpaid Advances with respect to such Receivable and (2) all amounts for which the Servicer has deemed to have released all claims for reimbursement of Outstanding Advances pursuant to Section 3.08.

  • Cash Advances These are from cash advances and cash equivalent transactions you make with your account. “Special Offers” These are from your use of the account to take advantage of special, introductory, or promotional offers we make available to you at times. Each such transaction may be kept track of separately on your statement and may be treated as its own Balance Category. “Eligible Purchases” These are from purchases of goods and services you make with your account (a) at certain merchants or of specified types listed in the Schedule; and (b) in which a single or multiple items are purchased in the same transaction totaling certain amounts as listed in the Schedule. Each Eligible Purchase may be kept track of separately on your statement and may be treated as its own Balance Category. Eligible Purchase(s) may also be referenced and abbreviated as “Elig Purch” in some locations in the Schedule.

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

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

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

  • Nonrecoverable Advances Means, with respect to any Mortgage Loan, (a) any Delinquency Advance or Servicing Advance previously made and not reimbursed pursuant to Section 5.03 of the Sale and Servicing Agreement, or (b) a Delinquency Advance proposed to be made in respect of a Mortgage Loan or REO Property either of which, in the good faith business judgment of the Servicer, as evidenced by an Officer’s Certificate delivered to the Indenture Trustee no later than the Business Day following such determination, would not ultimately be recoverable pursuant to Section 5.03 of the Sale and Servicing Agreement.

  • Permitted Intercompany Advances means loans made by (a) a Loan Party to another Loan Party, (b) a Subsidiary of a Borrower that is not a Loan Party to another Subsidiary of a Borrower that is not a Loan Party and (c) a Subsidiary of a Borrower that is not a Loan Party to a Loan Party, so long as the parties thereto are party to the Intercompany Subordination Agreement.

  • Monthly Advances Principal and interest advances and servicing advances including costs and expenses of foreclosure.

  • 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).

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

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

  • Provider Advance means a Downgrade Advance or a Non-Extension Advance.

  • Subject Loans has the meaning assigned to such term in Section 2.11(b)(ii).

  • Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).

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

  • Property Advance means an advance made in respect of property protection expenses or expenses incurred to protect, preserve and enforce the security for the Mortgage Loan or to pay taxes and assessments or insurance premiums with respect to the Mortgaged Property.

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

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • Outstanding Interest Advances means, as of the last day of a Collection Period with respect to a Receivable, the portion of Outstanding Advances allocable to interest.