Funding Advances Clause Samples

Funding Advances. Each Lender shall, before 11:00 a.m. (New York City time) on the date of such Borrowing, make available for the account of its Applicable Lending Office to the Administrative Agent at the Administrative Agent Account, in same day funds, such ▇▇▇▇▇▇’s ratable portion (based on the Lenders’ respective Commitments) of such Borrowing. Promptly after receipt of such funds by the Administrative Agent, the Administrative Agent will make such funds available in like funds to the applicable Borrower by remitting such funds to the account specified in the applicable Notice of Borrowing.

Funding Advances. On each Advance Date, each Related Group shall, not later than 2:00 p.m., New York City time, on such Advance Date, remit its Applicable Advance Percentage of the requested Advance by wire transfer of immediately available funds to the account designated by the Administrative Agent, which shall be funded by the Lenders in each Related Group in the manner set forth in, and shall be subject to the terms of, Section 2.01(a). The failure of the Lenders in any Related Group to fund such Related Group’s Applicable Advance Percentage of any such Advance shall not excuse the Lenders in any other Related Group from funding such other Related Group’s Applicable Advance Percentage of such Advance; provided, that no Lender in any Related Group shall be responsible for the failure of any Lender in any other Related Group to fund any Advance.

Funding Advances. (i) Subject to the other conditions set forth in this Section 2.2, on the date of each Advance, each Conduit Investor and Committed Note Purchaser(s) funding such Advance shall make available to HVF II its portion of the amount of such Advance (other than any Delayed Amount) by wire transfer in U.S. dollars in same day funds to the Series 2013-B Principal Collection Account no later than 2:00 p.m. (New York City time) on the date of such Advance. Proceeds from any Advance shall be deposited into the Series 2013-B Principal Collection Account. (ii) A Delayed Funding Purchaser that delivered a Delayed Funding Notice in respect of a Delayed Amount shall be obligated to fund such Delayed Amount on the related Delayed Funding Date in the manner set forth in the next succeeding sentence, irrespective of whether the Series 2013-B Commitment Termination Date shall have occurred on or prior to such Delayed Funding Date or HVF II would be able to satisfy the Funding Conditions on such Delayed Funding Date. Such Delayed Funding Purchaser shall (i) pay the sum of the Second Delayed Funding Notice Amount related to such Delayed Amount, if any, to HVF II no later than 2:00 p.m. (New York time) on the related Delayed Funding Date by wire transfer in U.S. dollars in same day funds to the Series 2013-B Principal Collection Account, and (ii) pay the Delayed Funding Reimbursement Amount related to such Delayed Amount, if any, on such related Delayed Funding Date to each applicable Funding Agent in immediately available funds for the ratable benefit of the related Available Delayed Amount Purchasers that funded the Delayed Amount on the date of the Advance related to such Delayed Amount in accordance with Section 2.2(e)(ii), based on the relative amount of such Delayed Amount funded by such Available Delayed Amount Purchaser on the date of such Advance pursuant to Section 2.2(e)(ii).

Funding Advances. Each Property related to a requested Advance that is not already a Financed Property, shall be subject to the review and certification procedures in Section 2.2(b). In addition, the Calculation Agent shall, within three (3) Business Days after receipt by it of such Borrowing Notice, deliver to the Agent, the Diligence Agent and the Borrower Representative, either (A) if it has confirmed all of the calculations, its Borrowing Notice Confirmation or (B) if it has found any Calculation Deficiency therein, a Calculation Agent Deficiency Report. Upon receipt by the Agent of the Property Addition Confirmations from each of the Calculation Agent and the Diligence Agent for such Properties, and satisfaction of the other conditions precedent set forth in Section 3.2, the Agent shall deliver copies thereof, together with the related Borrowing Notice to each Lender.

Funding Advances. Subject to the satisfaction of and compliance with the terms and conditions hereof (including, as applicable, the conditions precedent specified in Article 2), Administrative Agent will make each Lender's Pro Rata portion of each requested Advance (to the extent such funds are received by Administrative Agent) available by crediting such amount to the Account with Administrative Agent (or by such other means as Administrative Agent may consider reasonable). At the written request and expense of Borrowers, Administrative Agent will wire transfer all or any portion of an Advance in accordance with such written instructions therefor. By executing this Agreement, each Borrower (jointly and severally) hereby requests Administrative Agent and each Lender to make and fund the initial Advance in the amount of $6,200,000 (to the extent that Administrative Agent receives each Lender's Pro Rata portion of the initial Advance) in accordance with the Advance Request delivered on the date hereof, using the form attached as Exhibit 1.4.1.

Funding Advances. Subject to the satisfaction of and compliance with the terms and conditions hereof (including, as applicable, the conditions precedent specified in Section 2.2. hereof), Administrative Agent will make each Lender's Pro Rata Portion of each requested Advance (to the extent such funds are received by Administrative Agent) available (in immediately available funds) by crediting such amount to the Account with Administrative Agent (or by such other means as Administrative Agent may consider reasonable). At the written request and expense of Borrowers, Administrative Agent will wire transfer all or any portion of an Advance in accordance with such written instructions therefor.

Funding Advances. Funding Advances" means the Initial Funding Advance and any subsequent advances made by Landlord's Parent or any other Participant to or on behalf of Landlord in replacement of or renewal and extension of all or part of the Initial Funding Advance. For example, if after the date hereof a new Participant advances funds to or on behalf of Landlord to Landlord's Parent in repayment of all or part of the Initial Funding Advance, such advance of funds by the new Participant shall constitute a Funding Advance hereunder.

Funding Advances. (a) Credit Agent shall notify each Lender, on the same Business Day as received (or deemed received, as provided in Section 2.1) from Borrower pursuant to Section 2.1, of Credit Agent’s receipt of a Warehousing Advance Request. Each such notice shall specify such Lender’s Commitment Percentage of the requested Warehousing Advance and the date requested by Borrower for such requested Warehousing Advance to be made. To make a Warehousing Advance, each Lender shall wire transfer to a specified account of Credit Agent prior to 1:00 p.m. on the date such Warehousing Advance is to be made as set forth in the Warehousing Advance Request, and Credit Agent shall make such Warehousing Advance available to Borrower upon receipt of all Lenders’ respective Commitment Percentages thereof. Neither Credit Agent nor any Lender shall have any obligation to fund a non-funding Lender’s Commitment Percentage of any Warehousing Advance. (b) Notwithstanding Section 2.2(a), unless Credit Agent shall have received notice from a Lender prior to the proposed date of any Warehousing Advance that such Lender will not make available to Credit Agent such Lender’s share of such Warehousing Advance, Credit Agent may assume that such Lender has made such share available on such date in accordance with Section 2.2(a) and may, in its sole discretion, but shall not be obligated to, in reliance upon such assumption, make available to Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Warehousing Advance available to Credit Agent, then the applicable Lender and Borrower severally agree to pay to the Credit Agent forthwith on demand such corresponding amount with interest thereon, for each day from and including the date such amount is made available to Borrower to but excluding the date of payment to Credit Agent at the interest rate applicable to Warehousing Advances. If Borrower and such Lender shall pay such interest to Credit Agent for the same or an overlapping period, Credit Agent shall promptly remit to Borrower the amount of such interest paid by Borrower for such period. If such Lender pays its share of the applicable Warehousing Advance to Credit Agent, then the amount so paid shall constitute such Lender’s share of such Warehousing Advance. Nothing herein shall be deemed to relieve any Lender of its obligation to fulfill its Warehousing Commitment or to prejudice any rights which Credit Agent or Borrower may have against any L...

Funding Advances. Funding Advances" means (1) advances (equal in the aggregate to the Initial Investment) made on or prior to the date hereof by Landlord's Parent and other Participants to or on behalf of Landlord to permit Landlord to acquire or maintain its investment in the Leased Property and to allow Landlord to provide the advance described in the definition of Closing Costs in subparagraph 1.(t), (2) future advances (which, together with the Funding Advances described in the preceding clauses (1), are expected to total $95,000,000) made by Landlord's Parent or any Participant to or on behalf of Landlord to allow Landlord to provide Construction Advances hereunder and to cover Carrying Costs, and (3) future advances made by Landlord's Parent or any Participant to or on behalf of Landlord in replacement of or renewal and extension of other Funding Advances. For example, if after the date hereof a new Participant advances funds on behalf of Landlord to Landlord's Parent or another then existing Participant in repayment of all or part of Funding Advances previously made by Landlord's Parent or the other Participant, such advance of funds by the new Participant shall constitute a Funding Advance hereunder, and the prior Funding Advances so repaid to Landlord's Parent or the other Participant shall thereupon cease to constitute Funding Advances for purposes of this Lease. (ba) GAAP. "GAAP" means generally accepted accounting principles in the United States of America as in effect from time to time, applied on a basis consistent with those used in the preparation of the financial statements referred to in subparagraph 9.