ADVANCE shall definition

ADVANCE shall mean an advance made by Bank to Borrower (including without limitation, any advance under any Letter of Credit), pursuant to the provisions, terms and conditions of Section 2 of this Agreement.
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ADVANCE shall mean an advance of funds by Lender, pursuant to this Agreement or one of the other Loan Documents.
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ADVANCE shall mean an advance made by Agent to Borrower (including without limitation, any advance made to reimburse the Agent for drawings under any Letter of Credit), pursuant to the provisions, terms and conditions of Section 2 of this Agreement.
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Examples of ADVANCE shall in a sentence

  • All sums advanced on the Credit Line or pursuant to the terms of this Agreement (each an "ADVANCE") shall become part of the principal of said Promissory Note.

  • Each ADVANCE shall bear interest at LENDER's then applicable Base Rate (as hereinafter defined), plus two (2) percentage points until the Maturity Date, and thereafter the interest rate on such ADVANCE shall increase by an additional three percent (3%) per annum until repaid.

  • Each such notice of a Swing Line Advance (a "NOTICE OF SWING LINE ADVANCE") shall be by telephone or telecopier, confirmed immediately in writing, specifying therein the requested (i) date of such Borrowing, (ii) amount of such Borrowing and (iii) maturity of such Borrowing (which maturity shall be no later than the seventh day after the requested date of such Borrowing).

  • Each such request for an ADVANCE shall be accompanied by the documents and instruments required under Section 3.2 hereof.

  • An initial advance of the proceeds of the Loan in an amount not to exceed $5,537,500 (the "INITIAL ADVANCE") shall be made Lender to Borrower to finance, in part, the acquisition of the Property.

  • ACCOUNT COLLATERAL shall have the meaning set forth in Section 3.1.2. ADVANCE shall mean an advance or disbursement of the Loan made from time to time pursuant to the terms of the Loan Documents and at Mezzanine Lender’s discretion.

  • All sums advanced on the Credit Line or pursuant to the terms of this Agreement (each an "ADVANCE") shall be treated as an advance or disbursement under the Promissory Note and shall be added to the outstanding principal balance thereof.

  • The initial Tranche of the Term Loan (the "TRANCHE A ADVANCE") shall be advanced on the date hereof in the amount of Twelve Million Dollars ($12,000,000).

  • The initial Advance of the Loan (the "INITIAL ADVANCE") shall be made on Borrower's satisfaction of conditions to the Initial Advance described in Article 4.

  • Each such draw (a "MEMBER ADVANCE") shall be funded 50% by Magellan from its Member Commitment and 50% by New Crescent from its Member Commitment.