Single Advance definition

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 the loan amount on __________________. There will be no additional advances under this note.
Sample 1
Single Advance. I will receive all of this principal sum on 04/11/08. No additional advances are contemplated under this note.
Sample 1

Examples of Single Advance in a sentence

  • B-16 B-7 Shortest Passage Time and Minimum Gap for Single Advance Detector .

  • Advance tickets • Advance tickets can only be purchased online or through the mobile app.• Advance Tickets are only available as e-tickets or mobile tickets.• Single Advance Tickets are valid for one journey on the outbound travel date booked.

  • 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 .

  • Governing Law: Except to the extent that federal law controls, this Agreement and any Non-Replenishing Single Advance Disclosure executed in connection with this Agreement shall be governed by the laws of the state in which it is written.

  • DRENTTEL 0000077348 08/02/01 XXB NOTE AMOUNT INDEX (W/MARGIN) RATE MATURITY DATE LOAN PURPOSE $50,000.00 Wall Street Journal Prime 6.750% 08/02/02 Commercial -------------------------------------------------------------------------------- PROMISSORY NOTE (Commercial - Single Advance - Variable Rate) -------------------------------------------------------------------------------- DATE AND PARTIES.

  • A copy of the existing By-Laws of Trustee, as now in effect, incorporated herein by reference to Exhibit 4 ofform T-1.

  • Amended and Restated Secured Promissory Note (Single Advance – Non-Revolving), dated May 26, 2020, issued by the Registrant, incorporated by reference to Exhibit 10.3 to Nephros, Inc.’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2020, filed with the SEC on August 5, 2020.

  • Doe 123 Any StreetAnytown, IL 12345 National Bank567 Main BoulevardAnytown, IL 12345 Loan Number 45678 Date 1/2/2021 Maturity Date 1/2/2041 Loan Amount $125,000.00 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 and Twenty-Five Thousand and 00/100 Dollars $ 125,000.00 Single Advance: I will receive all of this principal sum on .

  • 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 RI1087T02 THE CONNECTICUT WATER COMPANY Clinton, Connecticut -2- additional period in accordance with the terms hereof.

  • Doe, Jr. 456 Any RoadAnytown, IN 54321 National Bank 123 Main StreetAnytown, IN 54321 Loan Number 12345-6 Date 7/1/2021 Maturity Date 7/1/2051 Loan Amount $ 300,000.00 Renewal Of For value received, I promise to pay to you, or your order, at your address listed above the PRINCIPAL sum of Three Hundred Thousand and 00/100 Dollars $ 300,000.00 Single Advance: I will receive all of this principal sum on .


More Definitions of Single Advance

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 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 ____________________________________. 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--------------------------------------. |X| Closed End Credit: You and I agree that I may borrow up to the maximum only one time (and subject to all other conditions). INTEREST: I agree to pay interest on the outstanding principal balance from June 28, 2001, at the rate of 5.75125% per year until the index rate changes. |X| Variable Rate: This rate may then change as stated below. |X| Index Rate: The future rate will be 2.00% above the following index rate: the "index rate" shall be the 30 day adjusted LIBOR. LIBOR shall be defined as the average of interbank offered rates for one (1) month U.S. dollar denominated deposits in the London market as determined by the Bank of North Georgia and adjusted for reserves, deposit insurance assessments and other regulatory costs. In the event the 30 day adjusted LIBOR is no longer available, Lender will choose a new index which is based on comparable information. Lender will give Borrower notice of its choice of index. |_| No Index: The future rate will not be subject to any internal or external index. It will be entirely in your control. |X| Frequency and Timing: The rate on this note may change as often as monthly. A change in the interest rate will take effect as of the date the index rate changes. |_| Limitations: During the term of this loan, the applicable annual interest rate will not be more than __________________________% or less than __________________________%. Effect of Variable Rate: A change in the interest rate will have the following effect on the payments: |X| The amount of each scheduled payment will change. __________________ |X| The ___ amount ___ of the ___ final payment will change. |_| -------------------------------------------------------------------------------- ACCRUAL METHOD: Interest will be calculated on ...
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

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.

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

  • Floating Rate Advance means an Advance which 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.

  • 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).

  • 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 means an Advance made by a Bank under Tranche 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.

  • Equipment Advance is defined in Section 2.1.1.

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

  • Fixed Rate Borrowing means a Borrowing comprised of Fixed Rate Loans.