Subsequent Advance Closing Date definition

Subsequent Advance Closing Date means the date of the funding ------------------------------- of any subsequent advance of a portion of the proceeds of the Loan pursuant to Section 2.1.4. -------------
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Subsequent Advance Closing Date means any date on which a Subsequent Advance is made.
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Subsequent Advance Closing Date means the date of the funding ------------------------------- of any subsequent advance of a portion of the proceeds of the Loan pursuant to Section 2.1.5(b).
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Examples of Subsequent Advance Closing Date in a sentence

  • The Debt Service Coverage Ratio --------------------------- projected for the twelve (12) month period immediately following the Subsequent Advance Closing Date and calculated using an interest rate of 9.25% shall be no less than 1.40.

  • Borrower shall deliver to Lender copies of such policies of insurance no later than fifteen (15) days after the Subsequent Advance Closing Date with respect to such Subsequent Advance, which policies shall be satisfactory to Lender in its sole discretion.

  • Borrower shall, on any Subsequent Advance Closing Date, receive the related Subsequent Advance, subject to the direction given by Borrower as to the application of Loan proceeds to pay certain closing costs and to fund the Tax and Insurance Escrow Fund in accordance with the provisions of this Agreement.

  • The Debt Service Coverage Ratio with respect to the Loan, including such Subsequent Advance, projected by Lender for the twelve (12) month period immediately following the Subsequent Advance Closing Date with respect to such Subsequent Advance shall be no less than 1.15 and the LTV Ratio as of such Subsequent Advance Closing Date shall be no more than sixty-five percent (65%).

  • The obligation of Lender to make any Subsequent Advance hereunder is subject to the fulfillment by Borrower or waiver by Lender of the following conditions precedent no later than the Subsequent Advance Closing Date with respect to such Subsequent Advance or such other date as set forth below: (a) Subsequent Advance Request.

  • All payments, deposits or escrows required to be made or established by Borrower under this Agreement, the Note and the other Loan Documents on or before the Subsequent Advance Closing Date with respect to such Subsequent Advance shall have been paid or shall be paid or established from the proceeds of such Subsequent Advance simultaneously with the closing of such Subsequent Advance.

  • Notwithstanding the foregoing, the Borrower shall not be required to make monthly deposits to the Ground Lease Escrow Fund so long as on the applicable Subsequent Advance Closing Date and for the remainder of the Term, the Borrower has deposited and maintains in the Ground Lease Escrow Fund sufficient amounts for the payment of three (3) months of rent and any and all other charges under the related Ground Lease.

  • Borrower shall, on any Subsequent Advance Closing Date, receive the related Subsequent Advance with respect to the Properties located at 4650 Ironsides Drive, Santa Clara, California and 4700 Ironsides Drive, Santa Clara, California, subject to the direction given by Borrower as to the application of the proceeds of the Loan to pay certain closing costs and to fund the Tax and Insurance Escrow Fund and any other reserve or escrow fund required hereunder.

  • In consideration for entering into this Agreement, the Borrower shall pay to the Lender a cash bonus of $250,000 (the “Subsequent Advance Bonus”), payable in full on the earlier of (i) first Subsequent Advance Closing Date and (ii) the Subsequent Advance Maturity Date.

  • The applicable Individual Borrower or Additional Borrower shall have taken or caused to be taken such actions in such a manner so that lender has a valid and perfected Lien of the requisite priority as of the Subsequent Advance Closing Date with respect to each Mortgage encumbering an Additional Property to be delivered in connection with such Subsequent Advance, subject only to applicable Permitted Encumbrances and such other Liens as are permitted pursuant to the Loan Documents.


More Definitions of Subsequent Advance Closing Date

Subsequent Advance Closing Date the first Business Day after the date on which a Final Order is entered by the Bankruptcy Court and the Company delivers to Lender a Loan Notice.
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Subsequent Advance Closing Date means the date of the funding of any subsequent advance of a portion of the proceeds of the Loan pursuant to Section 2.1.4. "Subsequent Advance Request" shall have the meaning set forth in Section 2.1.4(c). "Substitute Property" shall have the meaning set forth in Section 2.7. "Substituted Property" shall have the meaning set forth in Section 2.7. "Survey" shall mean a survey of the Individual Property in question prepared by a surveyor licensed in the State and satisfactory to Lender and the company or companies issuing the Title Insurance Policies, and containing a certification of such surveyor satisfactory to Lender. "Tax and Insurance Escrow Fund" shall have the meaning set forth in Section 7.3.1. "Taxes" shall mean all real estate and personal property taxes, assessments, water rates or sewer rents, now or hereafter levied or assessed or imposed against any of the Properties or part thereof. "Threshold Amount" shall have the meaning set forth in Section 5.1(s) "Title Insurance Policy" shall mean, with respect to each Individual Property, an ALTA mortgagee title insurance policy (or the closest equivalent issued in any respective State) in the form (acceptable to Lender) issued with respect to such Individual Property and insuring the lien of the Mortgage encumbering such Individual Property. "UCC" or "Uniform Commercial Code" shall mean the Uniform Commercial Code as in effect in the applicable State in which an Individual Property is located. "Underwriter Group" shall have the meaning set forth in Section 9.2(b). "U.S. Obligations" shall mean direct non-callable obligations of the United States of America. "Voluntary Prepayment" shall have the meaning set forth in Section 2.3.1. "Working Day" shall mean any day on which dealings in foreign currencies and exchange are carried on in London, England and in New York, New York.
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Related to Subsequent Advance Closing Date

  • Subsequent Closing Date means, with respect to each Subsequent Closing, the date on which such Subsequent Closing is deemed to have occurred.

  • Second Closing Date means the date of the Second Closing.

  • 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.

  • Put Closing Date shall have the meaning set forth in Section 2.3.8.

  • Original Closing Date means the "Closing Date" as defined in the Existing Credit Agreement.

  • Loan Closing Date means the date upon which the Loan is made to the Company.

  • Additional Closing Date has the meaning set forth in Section 3.

  • Initial Closing Date shall have the meaning assigned to such term in Section 1.2 hereof.

  • Final Closing Date shall have the meaning specified in Section 7.2(a) hereof.

  • Third Closing Date has the meaning set forth in Section 2.2(c).

  • Scheduled Closing Date Has the meaning specified in the Note Purchase Agreement.

  • Subsequent Closing has the meaning set forth in Section 3.2.

  • First Closing Date shall refer to the time and date of delivery of certificates for the Firm Shares and such Optional Shares). Any such time and date of delivery, if subsequent to the First Closing Date, is called an “Option Closing Date,” shall be determined by the Representatives and shall not be earlier than three or later than five full business days after delivery of such notice of exercise. If any Optional Shares are to be purchased, each Underwriter agrees, severally and not jointly, to purchase the number of Optional Shares (subject to such adjustments to eliminate fractional shares as the Representatives may determine) that bears the same proportion to the total number of Optional Shares to be purchased as the number of Firm Shares set forth on Schedule A opposite the name of such Underwriter bears to the total number of Firm Shares. The Representatives may cancel the option at any time prior to its expiration by giving written notice of such cancellation to the Company.

  • Increased Facility Closing Date any Business Day designated as such in an Increased Facility Activation Notice.

  • Applicable Closing Date Has the meaning specified in Section 5.01(b) of this Trust Supplement.

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

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • Series Closing Date means the date designated as such in the Series Term Sheet.

  • Advance Date means the funding date of any Advance.

  • IPO Closing Date means the closing date of the IPO.

  • Outside Closing Date means the date which is 365 days after the earlier of the Firm Closing Date; or Second Tentative Closing Date; or such other date as may be mutually agreed upon in accordance with section 4. “Property” or “home” means the home including lands being acquired by the Purchaser from the Vendor. “Purchaser’s Termination Period” means the 30-day period during which the Purchaser may terminate the Purchase Agreement for delay, in accordance with paragraph 10(b).

  • Target Closing Date means three (3) Business Days following receipt of the Approval and Vesting Order, or such other date as the Parties may agree.

  • Amendment Closing Date means the first date that all the conditions precedent set forth in this Amendment are satisfied or waived in accordance herewith.

  • Closing Date Purchase Price shall have the meaning set forth in Section 2.1 hereof.

  • Acquisition Closing Date means the “Closing Date” as defined in the Acquisition Agreement.

  • Additional Closing has the meaning set forth in Section 2.3.