Single Advance definition

Single Advance. I will receive all of this principal sum on ________. No additional advances are contemplated under this note.
Sample 1
Single Advance. I will receive all of this principal sum on 09-30-2002. No additional advances are contemplated under this note. INTEREST: I agree to pay interest on the outstanding principal balance from 09-30-2002 at the rate of 8.250% per year until 10-01-2002.
Sample 1
Single Advance. I will receive all of the loan amount on __________________. There will be no additional advances under this note.
Sample 1

Examples of Single Advance in a sentence

  • Loan Number 272102 Date 08-16-2007 Maturity Date 02-16-2008 Loan Amount $ 100,040.00 Renewal Of ____________________ For value received, I promise to pay to you, or your order, at your address listed above the PRINCIPAL sum of ONE HUNDRED THOUSAND FORTY AND NO/100 Dollars $ 100,040.00 ¨ Single Advance: I will receive all of this principal sum on .

  • Table of Contents Heron Lake BioEnergy, LLC and SubsidiariesNotes to Condensed Consolidated Unaudited Financial Statements April 30, 2021 Single Advance Term Note In June 2020, the Company entered into a single advance term note with a $3,000,000 principal commitment, with the purpose to finance the construction of a new grain bin and provide principal reduction on the Revolving Term Note.

  • Xxxxxx, Vice President LENDER: American National Bank Rxxxx Xxxx, President 043001 1701 Eldorado Artesian 300117 02/20/07 RA $1,500,000.00 Not Applicable 7.750 % 02/20/12 Commercial PROMISSORY NOTE (Commercial — Single Advance) DATE AND PARTIES.

  • In addition to the minimum periodic payment calculated according to the terms of this Agreement or disclosed to you in any Non- Replenishing Single Advance Disclosure, your required minimum monthly payment may also include applicable late charges, any optional credit insurance premiums, any past due amounts from previous statements, and any amounts advanced to you that exceed your credit limit.

  • For any closed-end credit Loan Type(s) the fees and charges applicable to such Loan Type are disclosed on the Non-Replenishing Single Advance Disclosure furnished in connection with that Loan Type(s).

  • Subject to the prior satisfaction of all other applicable conditions to the making of a Term Loan disbursement in accordance with the specific terms set forth in Schedule 1 Part 1 hereunder, the Borrower shall furnish to InnoVen the ASHISH Digitally signed by XXXXXX XXXXXX XXXX Digitally signed by XXXX XXXXX Drawal Request, at least 2 (Two) Business Days prior to the date of the Single Advance in the manner specified in Schedule 1 Part 3 hereunder, and such drawdown date should be a Business Day.

  • Upon InnoVen being satisfied with the declarations made in the Confirmation Certificate at least 2 (Two) Business Days prior the date of the Single Advance, the Borrower shall submit a Drawal Request in the form provided in Schedule 1 Part 3 upon the receipt of which InnoVen shall disburse the Term Loan.

  • Upon the expiration of any fixed rate period, interest shall automatically accrue at the variable rate option unless the amount fixed is repaid or fixed for an Promissory Note and Single Advance Term Loan Supplement RI1087T03 THE CONNECTICUT WATER COMPANY Clinton, Connecticut -2- additional period in accordance with the terms hereof.

  • Credit insurance: If offered by the Credit Union, credit insurance is not required to obtain credit under this Agreement or any Non- Replenishing Single Advance Disclosure executed in connection with this Agreement.

  • You promise your name(s) and address(es) shown in this Agreement are your correct legal name(s) and current address, and such address(es) may be used for all notices to you that may be required for purposes of this Agreement and any Non-Replenishing Single Advance Disclosure executed in connection with this Agreement.


More Definitions of Single Advance

Single Advance. I will receive all of this principal sum on 04/11/08. No additional advances are contemplated under this note.
Sample 1
Single Advance. I will receive all of the principal sum of 09/24/2002. No additional advances are contemplated under this note.
Sample 1
Single Advance. I will receive all of this principal sum on JULY 24, 1997. No additional advances are contemplated under this note. INTEREST: I agree to pay interest on the outstanding principal balance from JULY 24, 1997 at the rate of 9.000% per year until FIRST CHANGE DATE. Variable Rate: This rate may then change as stated below. Index Rate: The future rate will be 0.500% OVER the following index rate: PRIME RATE AS PUBLISHED IN THE WALL STREET JOURNAL Frequency and Timing: The rate on this note may change as often as DAILY. A change in the Interest rate will take effect ON THE SAME DAY.
Sample 1
Single Advance. I will receive all of this principal sum on ____________________________________. No additional advances are contemplated under this note. |X| Multiple Advance: The principal sum shown above is the maximum amount of principal I can borrow under this note. On June 28, 2001, I will receive the amount of $859,782.46, and future principal advances are contemplated. Conditions: The conditions for future advances are set forth in that certain Construction Loan Agreement of even date herewith between Borrower and Lender. |_| Open End Credit: You and I agree that I may borrow up to the maximum amount of principal more than one time. This feature is subject to all other conditions and expires on--------------------------------------. |
Sample 1

Related to Single Advance

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

  • Eligible advance means an advance made before August 19, 1993.

  • Nonrecoverable Advance Any portion of an Advance previously made or proposed to be made by the Master Servicer that, in the good faith judgment of the Master Servicer, will not be ultimately recoverable by the Master Servicer from the related Mortgagor, related Liquidation Proceeds or otherwise.

  • 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.

  • 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).

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

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

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

  • Revolving Advance has the meaning given in Section 2.1.

  • 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.

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

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

  • 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.

  • Final Advance means an Advance made pursuant to Section 2.02(d).

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

  • Applicable Advance Rate For each Collateral Obligation and for the applicable number of Business Days between the certification date for a sale or participation required by Section 9.4 and the expected date of such sale or participation, the percentage specified below: Senior Secured Loans with a Market Value of: 90% or more of par 100 % 93 % 92 % 88 % Below 90% of par 100 % 80 % 73 % 60 % Other Collateral Obligations with a Xxxxx’x Rating of at least “B3” and a Market Value of 90% or more of par 100 % 89 % 85 % 75 % All other Collateral Obligations 100 % 75 % 65 % 45 %

  • Non-Recoverable Advance Any portion of an Advance previously made or proposed to be made by the Servicer that, in the good faith judgment of the Servicer, will not or, in the case of a current delinquency, would not, be ultimately recoverable by the Servicer from the related Mortgagor, related Liquidation Proceeds or otherwise with respect to the related Mortgage Loan.

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

  • 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.

  • 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.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • 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.

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

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

  • Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.

  • 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.