Aggregate Advance definition

Aggregate Advance has the meaning specified in Section 2.03 hereof.

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Aggregate Advance means, collectively, each set of Advances made by Banks to Borrower on the same date, bearing interest at the same rate, and having the same Interest Period.

Aggregate Advance means, at any time of determination, the aggregate outstanding principal amount of all Advances.

Examples of Aggregate Advance in a sentence

• Such payments or transfers may be made without prior notice to Dealer and without regard to any Aggregate Advance Limit then in effect for Dealer.

• As of the 2018 Amendment Closing Date, each Addition Date thereafter and each date thereafter on which each of the Aggregate Advance Amount and the Aggregate Net Investment is calculated, each Transferred Receivable included in such calculation as an Eligible Receivable is an Eligible Receivable.

• On the Borrowing Date, no Loan shall be made if (i) the Aggregate Advance Amount shall exceed the Maximum Advance Amount, (ii) any Program Termination Event or an event that but for notice or lapse of time or both would constitute a Program Termination Event shall have occurred and be continuing or (iii) the Facility Amount, after giving effect to such Borrowing, would exceed the Borrowing Limit.

• Dealer shall keep the Collateral insured against such risks and in an amount equal to the Aggregate Advance Limit or such lesser amount as AFC may from time to time permit and with such insurer or insurers as AFC may from time to time approve.

• With respect to a sale of Financed Rental Properties for net Sale Proceeds that are less than the applicable Minimum Release Amount, the difference between (x) such Minimum Release Amount and (y) such net Sale Proceeds deposited in the Waterfall Account shall be added to the Aggregate Advance Amount, on a pro-rata basis and as determined by Lender in its discretion.

• Dealer shall keep the Collateral insured against such risks and in an amount equal to the Aggregate Advance Limit or such lesser amount as LENDER may from time to time permit and with such insurer or insurers as LENDER may from time to time approve.

• The Borrowers shall provide to the Servicer on a timely basis all information needed for such administration, including current computations of the Aggregate Advance Principal Balance (and the components thereof).

• At any time a Financed Rental Property Issue exists with respect to any Financed Rental Property, then the Market Value thereof shall automatically be reduced to zero and Lender may, at its option, by notice to Borrowers (as such notice is more particularly set forth below, a “Repayment Notice”) require Borrowers to repay a portion of the Aggregate Advance Amount in an amount equal to the Repayment Amount with respect to such Financed Rental Property (a “Mandatory Repayment”).

• All provisions of this Note, excluding any language specifically referencing Dealer by individual or business name or address, or referencing the dollar amount of Dealer’s Aggregate Advance Limit.

• The Administrative Agent shall advise the Managing Agents of any notice received by it pursuant to this Section 2.1(c); it being understood and agreed that no such termination of the financing facility provided hereunder shall be effective unless and until (i) the Aggregate Advance Principal Balance is reduced to zero and (ii) all other amounts then owed to the Administrative Agent, the Managing Agents and the Lenders under the Transaction Documents have been paid in full.

More Definitions of Aggregate Advance

Aggregate Advance. As of any date of determination, the aggregate principal amount of all Advances outstanding as of such date.

Aggregate Advance means the aggregate total of the Advance Payments made to Employee. Each Advance Payment is payable in cash or registered shares of HMC’s common stock (as provided below), or partially in cash and partially in stock, as determined by HMC in its sole discretion. If HMC elects to pay any of an Advance Payment in shares of stock, HMC shall issue and deliver to the Employee, on a date (the “Issue Date”) which shall be on or within 10 days after the Payment Date, such number of shares of common stock of HMC (or its successor) equal to the quotient of (i) the dollar amount of the Advance Payment to be paid in stock (the “Stock Payment Amount”), divided by (ii) the “Fair Market Value” (as defined below) per share of such common stock as of the applicable Issue Date. The issuance of such shares is subject to withholding if applicable as provided under Section 3(g) hereof. The Employee shall comply, in connection with any sales of such shares, with any request by HMC of the Employee to coordinate such sales with or through one or more market makers or other registered broker/dealers designated by HMC. Payment Date: Advance Payment Payment Date: Advance Payment April 10, 2006: $162,500 Oct. 10, 2007: $37,500 July 10, 2006: $50,000 Jan. 10, 2008: $37,500 Oct. 10, 2006: $50,000 April 10, 2008: $24,875 Jan. 10, 2007: $50,000 July 10, 2008: $24,875 April 10, 2007: $37,500 Oct. 10, 2008: $24,875 July 10, 2007: $37,500 Jan. 10, 2009: $24,875 Offset of Excess Advance Payments. If the calculation of the Sale Bonus or Term Bonus under Section 3(c)(i) or Section 3(c)(ii) above, as the case may be, results in a negative number (or results in a larger negative number) due to the subtraction of the Aggregate Advance in the applicable calculation formula in such Sections, then the amount of such negative number (or such increase in a negative number, as the case may be) may be applied by the Company and/or HMC to offset against any other payments due to Employee by the Company and/or HMC under this Agreement, and if there is any remaining balance of such negative amount after such offset, the Employee shall promptly repay such balance to the Company (such payment to be made not later than 10 days following the Company’s demand).