L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.
Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).
Maximum Revolving Advance Amount means $25,000,000.
Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.
Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).
Non-Extension Advance means an Advance made pursuant to Section 2.02(b).
Project Preparation Advance is modified to read “Preparation Advance” and its definition is modified to read as follows:
Nonrecoverable Advance Any portion of an Advance previously made or proposed to be made by the Master Servicer that, in the good faith judgment of the Master Servicer, will not be ultimately recoverable by the Master Servicer from the related Mortgagor, related Liquidation Proceeds or otherwise.