Series A Advance definition

Series A Advance means each advance of funds made under and subject to the provisions contained in the Series A Credit Facility or the Series A Reimbursement Agreement, as applicable.
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Series A Advance means an Advance made by a Lender to the Borrower pursuant to Section 2.01(a) hereof, and "Series A Advances" means such Advances of all Lenders in the aggregate.
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Series A Advance shall have the meaning set forth in paragraph 2 of the recitals hereto.
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Examples of Series A Advance in a sentence

  • Interest on each Series A Advance shall be paid in kind and capitalized and added to the outstanding principal amount of each Series A Note quarterly on each March 31, June 30, September 30 and December 31.

  • Interest on each Series A Advance shall be computed on the basis of a 365-day year for the actual number of days elapsed.

  • Any Purchaser may delay its funding of its ratable portion of any requested Series A Advance for up to thirty-five (35) days at its sole discretion by providing written or fax notice thereof (the “Delayed Funding Notice”) to the Issuer, the Servicer, the Indenture Trustee and the Administrative Agent delivered no later than 2:00 p.m., New York City time, on the Business Day immediately preceding the proposed Funding Date.

  • Each Holder of such Note agrees that it will cause any owner of a security entitlement to such Note acquiring an interest in a Note and/or Series A Advance through it to comply with this Indenture as to treatment of indebtedness under applicable tax law, as described in this Section 3.14.

  • Each Series A Advance shall bear interest from the date funds are made available to Borrower until repaid at the rate of 13% per annum.

  • Each Series A Advance and each Series A Note shall be secured by a perfected lien on all of the Collateral securing the Obligations outstanding under the Loan Agreement.

  • The number of warrants to be issued to the Holders when any Series A Advance is made shall be computed by dividing the principal amount of such Series A Advance by $.47.

  • Such Purchaser shall also include in the Delayed Funding Notice the portion of such Series A Advance (such amount as specified in the Delayed Funding Notice, the “Delayed Amount”) that such Purchaser has elected to fund on a Business Day that is on or before the thirty-fifth (35th) day following the requested Funding Date (such date as specified in the Delayed Funding Notice, the “Delayed Funding Date”).

  • On each date a Series A Advance is funded under the Series A Notes pursuant to this Agreement, and on each date the Series A Note Balance is reduced, each Funding Agent shall make appropriate notations in its books and records of the amount of the Series A Note Balance funded by its Purchaser Group and the amount of such reduction, as applicable.

  • The minimum size of any borrowing hereunder (each, a "Series A Advance") shall be $200,000 and the maximum shall be $400,000.


More Definitions of Series A Advance

Series A Advance has the meaning set forth in paragraph 2 of the recitals to the Note Purchase Agreement.
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Series A Advance means an Advance made by a Lender to the Borrower pursuant to Section 2.01(a) hereof, and "SERIES A ADVANCES" means such Advances of all Lenders in the aggregate.
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Related to Series A Advance

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

  • 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).

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

  • Tranche B Advance has the meaning specified in Section 2.01(b).

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

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

  • Fixed Rate Advance means an Advance which bears interest at a Fixed Rate.

  • Floating Rate Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the Floating Rate.

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

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

  • 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.

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

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Additional Advance means each additional loan that is made under an RBC Homeline Plan after the initial advance, including any new or additional advances, increases to principal, or further borrowings or extensions of the term, including in the case of any fluctuating account or accounts, revolving loans, or lines of credit, additional segments of such facilities made after the initial advance. They are referred to collectively as Additional Advances.

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

  • Revolving Advance has the meaning given in Section 2.1.

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

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

  • Equipment Advance is defined in Section 2.1.1.

  • Periodic Advance The aggregate of the advances required to be made by a Servicer on any Distribution Date pursuant to its Servicing Agreement or by the Master Servicer or the Trustee hereunder, the amount of any such advances being equal to the total of all Monthly Payments (adjusted, in each case (i) in respect of interest, to the applicable Mortgage Interest Rate less the applicable Servicing Fee in the case of Periodic Advances made by a Servicer and to the applicable Net Mortgage Interest Rate in the case of Periodic Advances made by the Master Servicer or Trustee and (ii) by the amount of any related Debt Service Reductions or reductions in the amount of interest collectable from the Mortgagor pursuant to the Soldiers' and Sailors' Civil Relief Act of 1940, as amended, or similar legislation or regulations then in effect) on the Mortgage Loans, that (x) were delinquent as of the close of business on the related Determination Date, (y) were not the subject of a previous Periodic Advance by such Servicer or of a Periodic Advance by the Master Servicer or the Trustee, as the case may be and (z) have not been determined by the Master Servicer, such Servicer or Trustee to be Nonrecoverable Advances.

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

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

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.

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