Capital Advances definition

Capital Advances shall have the meaning set forth in Section 4.6.
View Source
Capital Advances. Any Borrower's loans, advances and capital or ---------------- equity contributions to a Subsidiary. Capital Expenditures - Any expenditure that would be classified as a -------------------- capital expenditure on a statement of cash flow of Borrowers prepared in accordance with GAAP, consistently applied. Capitalized Lease Obligations - All debts, liabilities and obligations ----------------------------- of a lessee under leases which under GAAP are capitalized and treated as debt of the lessee and are treated as a liability on the lessee's balance sheet.
View Source

Examples of Capital Advances in a sentence

  • Bank shall credit Growth Capital Advances to the Designated Deposit Account.

  • Bank may make Growth Capital Advances under this Agreement based on instructions from a Responsible Officer or his or her designee or without instructions if the Growth Capital Advances are necessary to meet Obligations which have become due.

  • Borrower may prepay any Growth Capital Advances without penalty or premium.

  • The aggregate outstanding amount of Growth Capital Advances shall not exceed the Growth Capital Line.

  • All such advances shall be Owner Working Capital Advances or Additional Manager Advances, as applicable.

  • Excess Working Capital Advances shall be repaid in accordance with Section 5.1 of the Custodial and Paying Agency Agreement.

  • The proceeds of Excess Working Capital Advances for payment of Working Capital Expenses shall be deposited into the Collection Account for disbursement therefrom for the payment of such permitted Working Capital Expenses.

  • The Manager may not assign, sell, transfer, participate, pledge, or hypothecate, in whole or in part, its interest in any Excess Working Capital Advances without the consent of the Initial Member.

  • To the extent multiple Working Capital Expenses (payment of which is permitted to be made using such Excess Working Capital Advance) are outstanding, any funding or use by the Manager of Excess Working Capital Advances for payment of all or any of the same shall follow the relevant priorities as set forth in the Priority of Payments and in Section 3.1 of the Custodial and Paying Agency Agreement, as applicable.

  • In no event may Excess Working Capital Advances be used for the making of any Funding Draws.