Affiliate Advances definition
Affiliate Advances as to any Borrower, all loans, advances and other distributions to and Investments in any officer, director, employee, Affiliate and/or Subsidiary of such Borrower, excluding salary, bonuses and benefits paid to employees of such Borrower in the ordinary course of such Borrower's business.
Affiliate Advances means all amounts due at any time and from time to time from Affiliates of the Borrower and/or Affiliates of any Subsidiary of the Borrower to the extent that such amounts are included in the determination of Total Assets.
Affiliate Advances any Financial Accommodation provided by a Borrower to an Affiliate;
Examples of Affiliate Advances in a sentence
Borrower represents that the fee paid by Borrower under the Servicing Agreement to the Manager (as defined in the Servicing Agreement) is an arms-length fee and takes into account, among other things, the fact that such Manager may make Affiliate Advances.
In addition, no new Affiliate Advances shall be made to any Borrowing Affiliate that is in breach of a Material Affiliate Advance Facility Covenant unless the Borrower is nevertheless obligated under such Affiliate Advance Facility to extend additional Affiliate Advances thereunder.
More Definitions of Affiliate Advances
Affiliate Advances means, as to the Borrower, all loans, advances and other distributions to and Investments in any officer, director, employee, Affiliate and/or Subsidiary of the Borrower.
Affiliate Advances shall have the meaning assigned to such term in Section 8.09 hereof.