Zip Advance 14 definition

Zip Advance 14. [Redacted – Commercially Sensitive Loan Product Term, Amounts and Repayment Terms].14.
Sample 1
Zip Advance 14 means a Receivable that is a short-term payday loan issued from the Originating Subsidiaries’ Online channel for amounts up to $1,500 and terms of less than or equal to 14 days18. 15 Applicable for Mini Money 2500 originated prior to February 1, 2015. 16 Applicable for Mini Money and Mini Money 2500 originated on or after February 1, 2015. 17 Provided, however, that where the related Obligor is resident of British Columbia, any Zip Advance that is issued that is the 3rd payday loan issued to that Obligor within a 62 day period must be placed on an installment loan that divides the repayment amount of the loan into 3 equal parts and spreads the payments over such Obligor’s next 3 paydays. 18 Provided, however, that where the related Obligor is resident of British Columbia, any Zip Advance 14 that is issued that is the 3rd payday loan issued to that Obligor within a 62 day period must be placed on an installment loan that divides the repayment amount of the loan into 3 equal parts and spreads the payments over such Obligor’s next 3 paydays. [commercially sensitive confidential product information has been redacted]
Sample 1

Examples of Zip Advance 14 in a sentence

  • No Obligor of a Zip Advance 14 is required, pursuant to the terms thereof or otherwise, to repay such Zip Advance 14 with the proceeds of any other Receivable.

Related to Zip Advance 14

  • 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.

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

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

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Equipment Advance is defined in Section 2.1.1.

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

  • Receivables Advance Rate shall have the meaning set forth in Section 2.1(a)(y)(i) hereof.

  • Cash Advance Fees shall have the meaning specified in the Credit Card Agreement applicable to each Account for cash advance fees or similar terms.

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

  • 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.

  • 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 %

  • 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).

  • Revolving Advance has the meaning given in Section 2.1.

  • Payment/Advance Form is that certain form attached hereto as Exhibit B.

  • The Advance Purchase Order or “Letter of Intent” means the intention of Purchaser to place the Purchase Order on the bidder.

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

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Servicer Advance Date As to any Distribution Date, 11:30 a.m., Eastern time, on the Business Day immediately preceding such Distribution Date.

  • Trustee Advance Rate With respect to any Advance made by the Trustee pursuant to Section 4.01(b), a per annum rate of interest determined as of the date of such Advance equal to the Prime Rate in effect on such date plus 5.00%.

  • 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.

  • Maximum Advance Amount shall be Two Hundred Fifty Thousand Dollars ($250,000) per Advance Notice.

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

  • Advance Payments means the payments made by Customer in advance of delivery with respect of an Aircraft pursuant to Section 4.2 of the Purchase Agreement.

  • Master Servicer Advance Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.