CONDITIONS TO EACH ADVANCE definition

CONDITIONS TO EACH ADVANCE. Prior to the disbursement by the Bank of any advances to Borrower under this Loan, the Bank shall have determined that there shall exist no event of default; the representations and warranties contained in the Loan Documents shall be true and accurate as of the date of such advance.
Sample 1

Examples of CONDITIONS TO EACH ADVANCE in a sentence

  • CONDITIONS TO EACH ADVANCE: There shall exist no event of default; the representations and warranties contained herein shall be true and accurate; there shall have occurred no material adverse change in the financial condition of the Borrower or any other entity liable for repayment of the loan; and the Bank shall not have determined that the prospect of payment or performance of the loan has been materially impaired.

  • Loan Agreement ADVANCES GOVERNED BY BORROWING BASE / CONDITIONS TO EACH ADVANCE: A Borrowing Base will govern advances up to the maximum amount of $2,500,000.00 under the Revolving Line of Credit.

Related to CONDITIONS TO EACH ADVANCE

  • Funding Conditions With respect to any proposed Funding Date, the following conditions:

  • Cash Advance means the amount requested by you and advanced to you by any method approved by us according to the terms of this Agreement in cash or cash equivalent items (including, but not limited to, money orders, travelers checks, lottery tickets, casino chips, vouchers redeemable for cash, or racetrack xxxxxx).

  • Initial Advance means the first Advance made pursuant to Article II.

  • Conditions of Service means the document developed by a distributor in accordance with subsection 2.4 of the Code that describes the operating practices and connection rules for the distributor; (DSC)

  • Cash Advances These are from cash advances and cash equivalent transactions you make with your account. “Special Offers” These are from your use of the account to take advantage of special, introductory, or promotional offers we make available to you at times. Each such transaction may be kept track of separately on your statement and may be treated as its own Balance Category.

  • Conditions of Tender means the Conditions of Tender for the said land as set out in Annexure A;

  • Equipment Advance is defined in Section 2.1.1.

  • Final Advance means an Advance made pursuant to Section 2.02(d).

  • Conditions of Use means Conditions 1 to 10 and the Schedules and Appendices of this document.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Conditions Precedent shall have the meaning set forth in Clause 4.2.

  • The Advance Work Order or “Letter of Intent” means the intention of Purchaser to place the Work Order on the bidder.

  • Cash Advance Fees means cash advance transaction fees and cash advance late fees, if any, as specified in any Account Agreement applicable to an Account.

  • Specific Conditions means the conditions in addition or in variation to the general conditions which the Commission may lay down specifically for a distribution licensee;

  • Revolving Advance has the meaning given in Section 2.1.

  • Participation Advance shall have the meaning set forth in Section 2.12(d).

  • Emergency Advance Any Property Advance that, pursuant hereto, the Special Servicer is required to either (a) make (in its sole discretion in accordance with the Servicing Standard) or (b) to request the Master Servicer to make, that must be made in an emergency situation or on an urgent basis within two (2) Business Days of the Special Servicer becoming aware that it must be made in order to avoid any material penalty, any material harm to a Mortgaged Property securing a Mortgage Loan or any other material adverse consequence to the Trust Fund or any related Companion Loan Holder.

  • or "Advances means a cash advance or cash advances under the Revolving Facility.

  • Conditions of Sale means the Conditions of Sale set out in Part 3 of this TenderDocument;

  • Availability Payment means the payment to Owner described in Section 8.1 for Condition 1 and 8.2 for Condition 2.

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

  • Conditions means the standard terms and conditions of sale set out in this document and (unless the context otherwise requires) includes any special terms and conditions agreed in writing between the Buyer and the Seller.

  • Standard Conditions means the “International Bank for Reconstruction and Development and International Development Association Standard Conditions for Grant Financing Made by the Bank out of Trust Funds”, dated February 25, 2019.

  • Conditions of Contract means those statements contained in or delivered with your Ticket/s or Itinerary/Receipt, identified as such and which incorporate by reference, these Conditions of Carriage and notices.

  • Additional Advance means each additional loan that is made under an RBC Homeline Plan after the initial advance, including any new or additional advances, increases to principal, or further borrowings or extensions of the term, including in the case of any fluctuating account or accounts, revolving loans, or lines of credit, additional segments of such facilities made after the initial advance. They are referred to collectively as Additional Advances.

  • Availability Incentive Payments has the meaning set forth in the CAISO Tariff.