Examples of Term Advance in a sentence
To obtain a Term Advance, Borrower shall notify Lender by delivering to Lender the Payment/Advance Form attached as Exhibit B by facsimile or electronic mail in portable document format (PDF) by 12:00 p.m. Pacific time on the Business Day before the Business Day that the Term Advance is to be made.
A fully earned, non-refundable facility fee, equal to the amount agreed upon by the Borrower and the Lender on the Effective Date, on the date each such Additional Term Advance is made; and Lender Expenses.
As a condition precedent to any Additional Term Advance, Borrower and Xxxxxx shall agree to such additional terms and amendments hereto as are needed to facilitate such proposed Additional Term Advance.
A fully earned, non-refundable facility fee in the amount agreed upon by the Borrower and the Lender on the Effective Date; Additional Term Advance Fee.
Subject to the terms and conditions of this Agreement, (i) on the date hereof the Lender shall advance $75,000,000 (the “Initial Term Advance” or “Facility I”) to Borrower and (ii) from the date hereof through August 21, 2020, Borrower may request advances at the sole discretion of the Lender (each, an “Additional Term Advance” and, collectively and with the Initial Term Advance, “Term Advances”), each Additional Term Advance collectively not exceeding $25,000,000.