Examples of Additional Loan Advance in a sentence
For greater certainty, it is hereby confirmed that all present and future Additional Loan Advances sold to the Guarantor pursuant to the terms hereof will have the benefit of the applicable Related Security and upon sale by the Seller to the Guarantor of any such Additional Loan Advance (together with its applicable Related Security) the Seller shall have no interest therein.
The sale by the Seller of any Portfolio Assets to the Purchaser shall not include any obligation to pay any Additional Loan Advance (if any), or any other such obligation relating to payment of funds to a Borrower in respect of such Loans which obligation shall at all times, and notwithstanding the sale of such Portfolio Assets to the Purchaser, remain an obligation of the relevant Seller and the Seller shall have the right to fund such Additional Loan Advances.
Each Additional Loan Advance shall be deemed to form part of the applicable Loan and Related Security and have the benefit thereof.
All Additional Loan Advances in the Covered Bond Portfolio will be funded in accordance with the terms of the Intercompany Loan Agreement and the Guarantor Agreement, will be sold and transferred to the Guarantor at the time such Additional Loan Advance is originated and disbursed to the Borrower, and upon transfer to the Guarantor (together with its applicable Related Security) shall be deemed to form part of the applicable Loan and Related Security.
The provisions of this Section 3.4 shall apply only if Aetna has made any Additional Loan Advance pursuant to Section 7.4 below.
Not later than 1:00 p.m. at least one (1) Business Day prior to a borrowing of Base Rate Loans comprising all or a portion of the Loan (which for purposes of this subsection (b) shall include (if and as applicable) an Additional Loan Advance) and not later than 1:00 p.m. at least three (3) Business Days prior to a borrowing of LIBOR Loans comprising all or a portion of the Loan, the Borrower shall deliver to the Administrative Agent a Notice of Borrowing.
Not later than 1:00 p.m. at least one (1) Business Day prior to a borrowing of Base Rate Loans or LIBOR Daily Loans comprising all or a portion of the Loan (which for purposes of this subsection (b) shall include (if and as applicable) an Additional Loan Advance) and not later than 1:00 p.m. at least three (3) Business Days prior to a borrowing of LIBOR Loans (other than LIBOR Daily Loans) comprising all or a portion of the Loan, the Borrower shall deliver to the Administrative Agent a Notice of Borrowing.
The Seller shall on each Calculation Date serve a completed Additional Loan Advance Notice on the LLP with a copy to the Security Trustee in the form of Schedule 14 (Additional Loan Advance Notice) which shall confirm for the previous Calculation Period whether any Additional Loan Advances were made, the date on which any such Additional Loan Advance was made and that each Additional Loan Advance meets the Eligibility Criteria.
Aetna shall fund any Additional Loan Advance into the Deposit Account or the Project Reserve, and upon such funding the entire amount of the Additional Loan Advance shall be added to the outstanding principal balance of the Loan, shall bear Fixed Rate Interest due and payable each month following such disbursement, and shall be, without further act, evidenced and secured by the Amended Loan Documents.
Each month, from Operating Receipts (as defined in Section 6.2.1) on deposit in the Deposit Account, Agent shall make disbursements for Approved Operating Costs, for funding the Tax and Insurance Escrow, for Fixed Rate Interest, for funding the Project Reserve, for disbursements to MTP-South Tower in connection with Additional Loan Advance Repayments and Excluded Asset Proceeds, and for principal payments on the Loan, all in accordance with Section 7.2.1 below.