Advance definition

Advance. Any P&I Advance or Servicing Advance.

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Advance means a borrowing hereunder, (i) made by the Lenders on the same Borrowing Date, or (ii) converted or continued by the Lenders on the same date of conversion or continuation, consisting, in either case, of the aggregate amount of the several Loans of the same Type and, in the case of Eurodollar Loans, for the same Interest Period.

Advance means an advance by a Lender to the Borrower as part of a Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Advance, each of which shall be a “Type” of Advance.

Examples of Advance in a sentence

• Notwithstanding the foregoing, it is expressly understood and agreed that nothing contained herein shall (without implication that the contrary would otherwise be true) prohibit any Restricted Person during the Restricted Period from selling “long” (as defined under Rule 200 promulgated under Regulation SHO) the Advance Shares, including selling such number of Advance Shares that such Restricted Person is unconditionally obligated to purchase pursuant to this Agreement.

• The Advance Shares, when issued, will conform to the description thereof set forth in or incorporated into the Prospectus.

• In addition, the Company shall not deliver the Advance Notice during any Black Out Period.

• The Advance Notice shall be deemed delivered on (i) the day it is received by the Investor if such notice is received by email at or before 9:00 a.m. Eastern Time (or later if waived by the Investor in its sole discretion), or (ii) the immediately succeeding day if it is received by email after 9:00 a.m. Eastern Time.

• The Investor is organized and validly existing under the laws of its jurisdiction of organization and has the requisite corporate power and authority to enter into and perform its obligations under this Agreement and to subscribe for or acquire the Advance Shares in accordance with the terms hereof.

More Definitions of Advance

Advance means any P&I Advance or Property Advance made with respect to any of the Notes, the Mortgage Loan or the Mortgaged Property pursuant to the Note A-1 PSA or the Note A-2 PSA.

Advance means the portion of the Commitment Amount requested by the Company in the Advance Notice.

Advance means a disbursement of Loan funds made, or to be made, to Borrower or on Borrower's behalf on a line of credit or multiple advance basis under the terms and conditions of this Agreement.

Advance or “Advances” means an advance (or advances) under the Revolving Line.

Advance. As to any Mortgage Loan, any advance made by the Master Servicer, pursuant to Section 4.04.

Advance means any Revolving Credit Advance or Swing Line Advance, as the context may require.

Advance. As to any Mortgage Loan or REO Property, any advance made by the Servicer in respect of any Distribution Date pursuant to Section 4.04.