Development Loan Advance definition

Development Loan Advance means any advance of the Development Loan.
Development Loan Advance an Advance of a Development Loan.
Development Loan Advance shall refer to amounts under the New Development Loan funded by the New Lender in installments as redevelopment proceeds, and (d) the term "Development Loan Repayment Schedule" shall refer to the schedule set forth in said Development Loan Documents for repaying the New Development Loan. Pursuant to Section 3.7 of the Original Agreement, Heublein hereby consents to the New Development Loan and the Development Loan Documents in connection therewith.

Examples of Development Loan Advance in a sentence

  • Borrower will pay the entire Development Loan Fee and Ninety Thousand Dollars of the Receivables Loan Fee at the time of the initial Development Loan Advance, but not later than July 15, 1995.

  • Subject to the provisions of paragraph 4.7, a Borrower under a Development Loan may not obtain a Development Loan Advance under the Development Loan after the Development Loan Borrowing Term for such Development Loan has expired unless Lender agrees in writing with such Borrower to do so.

  • For each Development Loan Advance other than an Interest Reserve Advance, Lender's obligation to make such Advance shall be subject to the terms and conditions set forth in EXHIBIT G, including delivery to Lender of the items called for therein at least ten (10) Business Days prior to the date of such Advance.

  • The amount of the Advance requested in the Advance Request shall not exceed: (I) with respect to any Advance, the Development Loan Advance Rate multiplied by the Eligible Costs of the specific Development Assets, as set forth in the Budget to which the Advance Request relates, or (II) together with all prior Advances previously made by Lender to Borrower under the applicable Development Loan, the then applicable Development Loan Amount.

  • Any Work which is completed and funded from sources other than a Development Loan Advance shall be subject to inspection by and the approval of Lender's Inspector.


More Definitions of Development Loan Advance

Development Loan Advance an advance of the proceeds of the Development Loan by Lender on behalf of Borrower in accordance with the terms and conditions of this Agreement.

Related to Development Loan Advance

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

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

  • 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.

  • Equipment Advance is defined in Section 2.1.1.

  • Term SOFR Advance means an Advance that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Equipment Loan means middle market equipment loans that consist of loans made to obligors in the United States of America primarily secured by new or used transportation equipment and managed by the Equipment Finance reporting category of the Commercial Lending and Leasing division of GE Capital.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Commercial loan means a loan that is not made primarily for

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

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

  • 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.

  • Initial Loan is defined in Section 2.1.

  • Revolving Advance has the meaning given in Section 2.1.

  • Term SOFR Loan means a Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Additional Loan means the Eligible Loans evidenced by a Note or Notes sold from time to time during the Supplemental Purchase Period pursuant to an Additional Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Project Loan Agreement means the Project Loan Agreement dated as of the date hereof among the Borrower, the Governmental Lender and the Fiscal Agent, as amended, supplemented or restated from time to time.

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

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Revolving Loan Agreement means that certain Revolving Credit and Security Credit Agreement dated as of the Closing Date by and among Revolving Loan Agent, the Revolving Loan Lenders and the Loan Parties, as amended, restated or otherwise modified from time to time to the extent not prohibited by the Intercreditor Agreement.

  • 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.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Funding Loan Agreement means the Funding Loan Agreement, of even date herewith, among the Governmental Lender, the Fiscal Agent and the Funding Lender, as it may from time to time be supplemented, modified or amended by one or more amendments or other instruments supplemental thereto entered into pursuant to the applicable provisions thereof.