Development Advance definition

Development Advance means an advance of Loan proceeds by Lender in connection with the design, development or Construction made pursuant to Section 3, including, without limitation, the Closing Date Advance and the Initial Advance.
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Development Advance is defined in Section 2.1.
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Development Advance means a loan the proceeds of which are used by Borrower for the purposes described in CLAUSE (d) of SECTION 2.14 of this Agreement.
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Examples of Development Advance in a sentence

  • Any balance of the amount of each Development Advance not reimbursed through Permanent Mortgage Commencement shall not be reimbursable, shall not be credited to the Capital Account of any Partner, or otherwise change the interest of any Person in the Partnership, but shall be borne by the Developer under the terms of this Agreement.

  • GreaterManchester Passenger Transport Executive (GMPTE), as the Promoter of Metrolink,continues to receive representations from cycling groups to permit the carriage of bicycles on trams.

  • Century 21’s System provides its franchisees26 with “detailed summaries of their account balances owed to27 Century 21, including specific information detailing the amounts28 owed by that franchisee, when the amounts are due, and the type1 of amount due (i.e., royalty fee, national advertising fee fund2 fee, Development Advance Note, etc.)[.]” (Suppl.

  • Notes and interest receivable as of September 30, 2014 and interest income for the year then ended from related partnerships and others are as follows: OutstandingNote Interest Interest Maturity Interest Rate Balance Receivable Income Jacob's Lane01/01/29 Other receivable (payable) balances due from (to) the affiliated limited partnerships as of September 30, 2014 are as follows: Operating Advance Development Advance NOTES TO FINANCIAL STATEMENTS YEAR ENDED SEPTEMBER 30, 2014 7.

  • Center for Global Development, Advance Market Commitment Working Group.

  • Immediate and longer term action is urgent to make sure that the crisis does not escalate further.

  • Hyman, Conducting a DG Assessment: A Framework for Strategy Development (Advance Copy), Technical Publication Series (Washington, DC: USAID/Center for Democracy and Governance, December 1999).be addressed as well.

  • The Development Budget for purposes of the Development Advance and portions thereof shall include the foregoing Development costs together with real estate taxes, an interest reserve to be withheld from loan proceeds and applied monthly to payment of accrued interest as hereinafter set forth, and other expenses approved by the Lender.

  • Development Advance Notes The Company may, at its discretion, provide development advance notes to certain franchisees/hotel owners in order to assist them in converting to one of its’ brands, in building a new hotel to be flagged under one of its’ brands or in assisting in other franchisee expansion efforts.

  • It is intended as a subsector-specific follow-up to the Center for Democracy and Governance’s Conducting a DG Assessment: A Framework for Strategy Development (Advance Copy) [December 1999].


More Definitions of Development Advance

Development Advance means an advance of Loan proceeds by Agent in connection with the design, development or Construction made pursuant to Section 3.
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Development Advance has the meaning given to it in the Specific Terms;
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Related to Development Advance

  • Equipment Advance is defined in Section 2.1.1.

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

  • Term Advance has the meaning specified in Section 2.01(a).

  • 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.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Project Preparation Advance is modified to read “Preparation Advance” and its definition is modified to read as follows:

  • Non-Extension Advance means an Advance made pursuant to Section 2.02(b).

  • 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:

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Development Credit Agreement means the agreement of even date herewith between the Borrower and the Association for the Project, as such agreement may be amended from time to time; and such term includes all schedules and agreements supplemental to the Development Credit Agreement.

  • Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

  • Development Phase means the period before a vehicle type is type approved.

  • Development Period Security shall have the meaning set forth in Section 6.1(a) hereof.

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • Interest Advance means an Advance made pursuant to Section 2.02(a).

  • Program Preparation Advance (renamed as such pursuant to subparagraph 8 (c) above) is modified to read “Preparation Advance” and its definition is modified to read as follows:

  • Development Project means a project for the development of land within a

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.

  • Initial Extension of Credit means the earlier to occur of the initial Borrowing and the initial issuance of a Letter of Credit hereunder.

  • Revolving Advance has the meaning given in Section 2.1.

  • Periodic Advance The aggregate of the advances required to be made by a Servicer on any Distribution Date pursuant to its Servicing Agreement or by the Master Servicer or the Trustee hereunder, the amount of any such advances being equal to the total of all Monthly Payments (adjusted, in each case (i) in respect of interest, to the applicable Mortgage Interest Rate less the applicable Servicing Fee in the case of Periodic Advances made by a Servicer and to the applicable Net Mortgage Interest Rate in the case of Periodic Advances made by the Master Servicer or Trustee and (ii) by the amount of any related Debt Service Reductions or reductions in the amount of interest collectable from the Mortgagor pursuant to the Soldiers' and Sailors' Civil Relief Act of 1940, as amended, or similar legislation or regulations then in effect) on the Mortgage Loans, that (x) were delinquent as of the close of business on the related Determination Date, (y) were not the subject of a previous Periodic Advance by such Servicer or of a Periodic Advance by the Master Servicer or the Trustee, as the case may be and (z) have not been determined by the Master Servicer, such Servicer or Trustee to be Nonrecoverable Advances.

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • 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.

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • Permitted Advance means an advance of funds by the Assuming Bank with respect to a Shared-Loss Loan, or the making of a legally binding commitment by the Assuming Bank to advance funds with respect to a Shared-Loss Loan, that (i) in the case of such an advance, is actually made, and, in the case of such a commitment, is made and all of the proceeds thereof actually advanced, within one (1) year after the Commencement Date, (ii) does not cause the sum of (A) the book value of such Shared-Loss Loan as reflected on the Accounting Records of the Assuming Bank after any such advance has been made by the Assuming Bank plus (B) the unfunded amount of any such commitment made by the Assuming Bank related thereto, to exceed 110% of the Book Value of such Shared-Loss Loan, (iii) is not made with respect to a Shared-Loss Loan with respect to which (A) there exists a related Shared-Loss Loan Commitment or (B) the Assuming Bank has taken a Charge-Off and (iv) is made in good faith, is supported at the time it is made by documentation in the Credit Files and conforms to and is in accordance with the applicable requirements set forth in Article III of this Commercial Shared- Loss Agreement and with the then effective written internal credit policy guidelines of the Assuming Bank; provided, that the limitations in subparagraphs (i), (ii) and (iii) of this definition shall not apply to any such action (other than to an advance or commitment related to the remediation, storage or final disposal of any hazardous or toxic substance, pollutant or contaminant) that is taken by Assuming Bank in its reasonable discretion to preserve or secure the value of the collateral for such Shared-Loss Loan.