Equity Advances Sample Clauses

Equity Advances. If the Seller has acquired an Equity Advance with respect to a Relocating Employee and an Origination Home under the Purchase Agreement, the Master Servicer will either as the applicable Originator of such Equity Advance or as Master Servicer, and so long as the original Equity Advance remains outstanding, cause all other Equity Advances, Final Equity Payments and Mortgage Payment Advances made to such Relocating Employee with respect to such Origination Home, to the extent that they constitute Eligible Receivables, to be sold to the Seller under the Purchase Agreement.
Sample 1
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Equity Advances. If the Seller has acquired an Equity Advance with respect to a Relocating Employee and an Origination Home under the Purchase Agreement, each Subservicer will ensure, either as the applicable Originator of such Equity Advance or as Subservicer, that so long as the original Equity Advance remains outstanding, all other Equity Advances, Final Equity Payments and Mortgage Payment Advances made to such Relocating Employee with respect to such Origination Home, to the extent that they constitute Eligible Receivables, will be sold to the Seller under the Purchase Agreement.
Sample 1
Equity Advances. Venture Corp. shall loan to the Company the amount of equity funds the Company is required to contribute to a Venture Sub to acquire the Target Property (as determined under Section 4.3, above), when and in the amount specified in the respective Target Property Proposal (an “Equity Advance”). Each Equity Advance shall be evidenced by a promissory note having the substance and in the applicable form attached hereto as Exhibit C. Following receipt, the Company will contribute the amount of each Equity Advance to the respective Venture Sub. An amount equal to the Operating Proceeds generated by such Venture Sub (with respect to the period between the date of such Equity Advance and the date when such Equity Advance is repaid in full to Venture Corp.) shall constitute the base interest payable to Venture Corp. for the Equity Advance, which shall be payable by the Company as such amounts are distributed by the Venture Sub to the Company. In addition, if an Equity Advance is not repaid in full, excepting only the Retained Percentage Equity Amount, prior to the Applicable Additional Return Date, then from and after such Applicable Additional Return Date, Venture Corp. shall be entitled to the Additional Return on the unpaid portion of the Equity Advance (excepting only the Retained Percentage Equity Amount) outstanding from time to time until such Equity Advance has been repaid in full.
Sample 1
Equity Advances. Upon the Members’ execution of the Syndication Proposal, and the execution of the Management Agreement described above in Section 4.5, Venture Corp. shall make the Equity Advance capital contribution to the Company in the amount specified in the Syndication Proposal. Following receipt of the Equity Advance the Company will contribute the amount of the Equity Advance to the Venture Sub which will proceed to acquire the Target Property. The Company shall maintain separate accounting for each Equity Advance made by Venture Corp.
Sample 1
Equity Advances. (a) On the terms and subject to the conditions set forth in this Agreement, the Equity Investor shall make advances ("Equity Advances") to Owner from time to time prior to the Additional Properties Outside Date; provided, however, that (i) the aggregate amount of Equity Advances made by the Equity Investor shall not exceed the Equity Commitment; and (ii) the aggregate amount of all Equity Advances in respect of the Leased Properties shall not be less than 3% of the Aggregate Lease Balance.
Sample 1

Related to Equity Advances

  • LOANS, ADVANCES, INVESTMENTS Make any loans or advances to or investments in any person or entity, except any of the foregoing existing as of, and disclosed to Bank prior to, the date hereof.

  • Term Advances The Borrower shall pay to the Administrative Agent for the ratable benefit of each Term Lender the aggregate outstanding principal amount of the Term Advances in quarterly installments each equal to $412,500 (which is equal to five percent (5%) of $8,250,000). Such quarterly installments shall be due and payable on each March 31st, June 30th, September 30th, and December 31st, commencing with December 31, 2012, and a final installment of the remaining, unpaid principal balance of the Term Advances payable on the Term Maturity Date.

  • Loans, Advances, Investments, Etc Make or commit or agree to make, or permit any of its Subsidiaries make or commit or agree to make, any Investment in any other Person except for Permitted Investments.

  • Cash Advances An Finance Charge will be imposed on cash advances from the date made or from the first day of billing cycle in which the cash advance is posted to your account, whichever is later, and will continue to accrue until the date of payment.

  • Subsequent Advances The obligation of FINOVA to make any advance shall be subject to the further conditions precedent that, on and as of the date of such advance: (a) the representations and warranties of Borrower set forth in this Agreement shall be accurate, before and after giving effect to such advance or issuance and to the application of any proceeds thereof; (b) no Event of Default and no event which, with notice or passage of time or both, would constitute an Event of Default has occurred and is continuing, or would result from such advance or issuance or from the application of any proceeds thereof; (c) no material adverse change has occurred in the Borrower's business, operations, financial condition, in the condition of the Collateral, or other assets of Borrower or in the prospect of repayment of the Obligations; and (d) FINOVA shall have received such other approvals, opinions or documents as FINOVA shall reasonably request.

  • Loan Advances During the Revolving Period, the Borrower may, at its option, request the Revolving Lenders to make advances of funds (each, a “Loan Advance”) by delivering a Funding Notice with respect to such Loan Advance to the Administrative Agent, which shall provide notification to the Revolving Lenders with respect thereto, in an aggregate amount up to the Availability as of the proposed Funding Date of the Loan Advance; provided, however, that no Revolving Lender shall be obligated to make any Loan Advance on or after the date that is two (2) Business Days prior to the earlier to occur of the applicable Revolving Period End Date or the Termination Date. Following the receipt of a Funding Notice during the Revolving Period, subject to the terms and conditions hereinafter set forth, the Revolving Lenders shall fund such Loan Advance.

  • Maximum Advances In the case of any type of Advance requested to be made, after giving effect thereto, the aggregate amount of such type of Advance shall not exceed the maximum amount of such type of Advance permitted under this Agreement. Each request for an Advance by any Borrower hereunder shall constitute a representation and warranty by each Borrower as of the date of such Advance that the conditions contained in this subsection shall have been satisfied.

  • Loans, Advances and Investments Make or permit to remain outstanding any loan or advance to, or own, purchase or acquire any stock, obligations or securities of, or any other interest in, or make any capital contribution to, any Person, or consummate any Acquisition, except that the Company or any Subsidiary may

  • Investments, Loans, Etc The Borrower will not, and will not permit any of its Subsidiaries to, purchase, hold or acquire (including pursuant to any merger with any Person that was not a wholly-owned Subsidiary prior to such merger), any common stock, evidence of indebtedness or other securities (including any option, warrant, or other right to acquire any of the foregoing) of, make or permit to exist any loans or advances to, Guarantee any obligations of, or make or permit to exist any investment or any other interest in, any other Person (all of the foregoing being collectively called “Investments”), or purchase or otherwise acquire (in one transaction or a series of transactions) any assets of any other Person that constitute a business unit, or create or form any Subsidiary, except:

  • Optional Prepayments of Advances The Borrower may, upon at least two Business Days’ notice, in the case of Eurodollar Rate Advances, and upon notice not later than 11:00 A.M. (New York City time) on the date of prepayment, in the case of Base Rate Advances, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, if such notice is given, the Borrower shall prepay the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in a minimum amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).

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