Closing Advance definition

Closing Advance means the Principal Advance in the amount of $ transferred by the Purchaser to the Bond Trustee on the Issue Date pursuant to the Purchase Contract for deposit in accordance with the Bond Indenture.
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Closing Advance has the meaning specified inSection2.3Section 2.3.
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Closing Advance has the meaning specified in Section 2.2.
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Examples of Closing Advance in a sentence

  • The contributions, transfers and Closing Advance described above shall be made on or prior to the closing date established pursuant to the Purchase Agreement for the applicable Approved Core Asset Investment (as such date may be extended in accordance with the applicable Purchase Agreement or pursuant to Section 3.3Section 3.3, the “Core Asset Closing Date”).

  • The parties acknowledge and agree that, at the Closing, Seller shall hold certain amounts in cash or other forms of payment or security constituting advance deposits for reservations for space at the Hotel subsequent to the Closing ("Advance Deposits").

  • Prior to the Closing, Advance may amend any of the disclosure schedules referenced herein by giving the other party notice of such amendments.

  • Within sixty (60) days after receipt by the Borrower of written notice of such determination and requirement, the Borrower shall prepay the Second Amended and Restated Closing Advance in such an amount and, so long as no Event of Default has occurring and is continuing on the date of such prepayment, no Yield Maintenance Fee shall be due in connection with such prepayment.

  • At the Advance Closing, Advance will deliver to the Company the aggregate purchase price for the Preferred Shares purchased by it.

  • The Closing Advance shall not be advanced if a Default has occurred and is continuing or could result from the Closing Advance or if any of the other conditions in Section 6.1 is not satisfied (unless the Lender has waived the relevant condition for the purpose of advancing the Closing Advance).

  • Upon Closing, Advance shall receive fee title to the Dapper III Replaced Properties, all free and clear of all liens, encumbrances, charges and security interests of any nature whatsoever, except the Permitted Exceptions.

  • On the date hereof, the Company shall file a prospectus supplement to its Form S-3 (the “Prospectus Supplement”) with the Commission covering the issuance and sale of the $12.5M Closing Advance Notes and the Underlying Shares thereof, pursuant to which the Purchasers shall receive freely tradeable shares of Common Stock on any conversion, at the discretion of each Purchaser, of its ratable portion of the $12.5M Closing Advance Notes.

  • Each of the transactions provided for in this Agreement, including but not limited to the Reclassification, the Exchange, the Redemptions, ABRY's and ABRY/CIP's purchase of the Shares and issuance of the Facility A Notes in connection with the Closing Advance, is dependent upon the occurrence of each of the other transactions provided for in this Agreement, and each such transaction shall and shall be deemed to occur simultaneously.

  • No additional legal opinion, other information or instructions shall be required of the Purchasers to exercise their Warrants or convert their Closing Advance Notes or, solely as to the Initial Collateral Agent, the Prepaid-Tranches.


More Definitions of Closing Advance

Closing Advance means an advance of the Loan in the amount of $40,300,000.00, which shall be comprised of a Term Loan advance in the amount of $16,033,333.00 and a Revolving Loan advance in the amount of $24,266,667.00.
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Closing Advance shall have the meaning assigned to it in Section 7.d.(iii).
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Closing Advance means the Advance in the amount of $1,000.00 to be made on the Closing Date. CONSTRUCTION LOAN AND SECURITY AGREEMENT – PAGE 3
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Closing Advance means, collectively, (i) the Principal Advance on the Series 2014A Bonds in the amount of $ paid by the Original Purchaser to the Bond Trustee pursuant to the Purchase Contract on the Closing Date for deposit in accordance with Section 402 hereof, and (ii) the Principal Advance on the Series 2014B Bonds in the amount of $ paid by the Corporation to the Bond Trustee on the Closing Date for deposit in accordance with Section 402 hereof.
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Related to Closing Advance

  • Property Advance means an advance made in respect of property protection expenses or expenses incurred to protect, preserve and enforce the security for the Mortgage Loan or to pay taxes and assessments or insurance premiums with respect to the Mortgaged Property.

  • P&I Advance means an advance made by a party to any Securitization Servicing Agreement in respect of a delinquent monthly debt service payment on the Note securitized pursuant to such Securitization Servicing Agreement.

  • Servicing Advance shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

  • Tax Advance has the meaning set forth in Section 6.02(a).

  • Servicer Advance or "Servicing Advance" as defined in the applicable Purchase and Servicing Agreement.

  • Nonrecoverable Servicing Advance Any Servicing Advance previously made or proposed to be made in respect of a Mortgage Loan or REO Property that, in the good faith business judgment of the Master Servicer, will not or, in the case of a proposed Servicing Advance, would not be ultimately recoverable from related Late Collections, Insurance Proceeds or Liquidation Proceeds on such Mortgage Loan or REO Property as provided herein.

  • 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.

  • Nonrecoverable P&I Advance Any P&I Advance previously made or proposed to be made in respect of a Mortgage Loan or REO Property that, in the good faith business judgment of the Servicer using Accepted Servicing Practices, will not or, in the case of a proposed P&I Advance, would not be ultimately recoverable from related Late Collections, Insurance Proceeds or Liquidation Proceeds on such Mortgage Loan or REO Property as provided herein.

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Monthly Advance The portion of each Monthly Payment that is delinquent with respect to each Mortgage Loan at the close of business on the Determination Date required to be advanced by the Company pursuant to Section 5.03 on the Business Day immediately preceding the Remittance Date of the related month.

  • 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.

  • Revolving Advance has the meaning given in Section 2.1.

  • 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.

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

  • Servicing Advances All customary, reasonable and necessary "out of pocket" costs and expenses incurred in the performance by the Master Servicer of its servicing obligations, including, but not limited to, the cost of (i) the preservation, restoration and protection of a Mortgaged Property, (ii) any expenses reimbursable to the Master Servicer pursuant to Section 3.11 and any enforcement or judicial proceedings, including foreclosures, (iii) the management and liquidation of any REO Property and (iv) compliance with the obligations under Section 3.09.

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

  • Non-Recoverable Servicing Advance Any portion of a Servicing 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 Servicing Advance, would not, be ultimately recoverable by the Servicer from the related Mortgagor, related Liquidation Proceeds or otherwise with respect to the related Mortgage Loan.

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

  • Cash Advance means the amount requested by you and advanced to you by any method approved by us according to the terms of this Agreement in cash or cash equivalent items (including, but not limited to, money orders, travelers checks, lottery tickets, casino chips, vouchers redeemable for cash, or racetrack xxxxxx).

  • Tax Advances has the meaning set forth in Section 5.07.