Advance Date definition
Examples of Advance Date in a sentence
All necessary waivers, consents, approvals and authorizations required in connection with the Transaction Documents dated as of the Additional Advance Date and the transactions contemplated therein shall have been delivered.
The Equity Interests of each Borrower Subsidiary, was purchased by the Borrower on the Initial Advance Date, the First Amendment Effective Date or on the date of an Additional Advance, provided that for the Initial Advance Dates Date, the First Amendment Effective Date or Additional Advance Dates involving the financing of the acquisition of an Aircraft not effected by the acquisition of such Equity Interests, the Borrower or an existing Borrower Subsidiary purchases such assets directly.
No Event of Loss has occurred with respect to any Initial Financed Aircraft as of the Initial Advance Date or the First Amendment Effective Date, as the case may be, or any Additionally Financed Aircraft as of the related Additional Advance Date.
The parties hereto hereby agree that all proceeds from the Completion Date Advance which are not applied to Project Costs on the related Advance Date shall be deposited into an escrow account maintained with JPMorgan Chase Bank, N.A., as escrow agent and shall be distributed for future application to Project Costs subject to the terms and conditions set forth in Section 3.2(b) of the Transaction Agreement.
There does not exist (as of the Effective Date, the Initial Advance Date, the First Amendment Effective Date and any Additional Advance Date), any Default, Event of Default, Early Amortization Event (including a Servicer Termination Event), or event that would constitute a Servicer Termination Event or Early Amortization Event but for the passage of time or the giving of notice or both.