Earnout Advance definition

Earnout Advance means any Standard Earnout Advance or Special Earnout Advance.
Sample 1
Earnout Advance means an Advance made by the Lender pursuant to Section 2.2(g), in the Lender's sole discretion, to fund an increase of the principal amount of a Bridge Mortgage Loan based on the performance of the underlying Property.
Sample 1
Earnout Advance shall have the meaning given in SECTION 5.3 below. "ENVIRONMENTAL INDEMNITY" -- the Hazardous Substances Indemnity Agreement of even date herewith from Borrower and Guarantor to Lender.
Sample 1

Examples of Earnout Advance in a sentence

  • References in the Loan Documents to “Note” mean the Initial Advance Note and the Earnout Advance Note.

  • Under no circumstances shall the Earnout Advance exceed the Maximum Earnout Amount.

  • Borrower may request a single Earnout Advance during a period that commences on first day of the ninth full Fiscal Quarter after the Closing and ends on October 2, 2019.

  • The proceeds from the First Earn-out Advance were distributed to the partners.The loan allowed for an unsecured revolving line of credit (the “Credit Facility”) in the amount of $30,000,000 to be used for leasing of space at the Property.

  • Commencing on January 1, 2003 and continuing ------------------- through the earlier of (a) disbursement of the first Earnout Advance or (b) the Repayment Date, Borrower shall make a principal amortization payment on the first (1st) day of each month in the amount set forth on the schedule attached hereto as Exhibit D.

  • Within fifteen (15) days following receipt by Mortgagee of Mortgagor’s written request for an Earn-out Advance, accompanied by such financial reports and other information required under this Section 45, Mortgagee shall notify Mortgagor in writing if all of the conditions precedent to such Earn-Out Advance have been satisfied, or if further information is required.

  • To request the Earnout Advance, Borrower shall provide Lender with an “Earnout Advance Request” in the form attached as Exhibit 2.4(a) (or such other form as Lender may then require) specifying the Earnout Advance amount requested by Borrower.

  • Subject to the conditions set forth in this Section 2.1(c) and the other provisions of this Agreement, and upon Borrowers' satisfaction of the general conditions for advances described in Schedule 2.1, Lenders shall make one additional disbursement from the proceeds of the Loan to Borrowers (in an amount not to exceed each Lender's Pro Rata share) up to the amount of Thirty Million Dollars and No/100 Dollars ($30,000,000.00) (the "EARNOUT ADVANCE"), provided that there shall be only one Earnout Advance.

  • Funding of the Earnout Advance shall be by wire transfer in accordance with the instructions stated in the Earnout Advance Request.

  • Further, Lender, in its discretion, may deduct the amount of any Transaction Costs incurred by Lender and any other fees, costs and expenses payable by Borrower at the time of such Earnout Advance from any Earnout Advance in order to pay the same.


More Definitions of Earnout Advance

Earnout Advance shall have the meaning assigned to such term in the recitals to this Agreement.
Sample 1
Earnout Advance. The amount of the advance of the Loan proceeds as determined pursuant to Section 7.5 hereof.
Sample 1

Related to Earnout Advance

  • 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).

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

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

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

  • Equipment Advance is defined in Section 2.1.1.

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

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

  • 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.

  • 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.

  • Payment/Advance Form is that certain form attached hereto as Exhibit B.

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

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

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

  • Simple Interest Advance means, with respect to a Simple Interest Receivable, the amount, as of the last day of a Collection Period, which is advanced with respect to such Simple Interest Receivable by the Servicer pursuant to Section 4.4(a) of the Sale and Servicing Agreement.

  • Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.

  • Advance Payment means a payment that a federal awarding agency or passthrough entity makes by any appropriate payment mechanism, including a predetermined payment schedule, before the non-federal entity disburses the funds for program purposes.

  • 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).

  • Tax Advance has the meaning set forth in Section 6.02(a).

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

  • Maximum Revolving Advance Amount means $25,000,000.

  • Working Capital Advance has the meaning specified in Section 2.01(c).

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

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

  • Closing Date Term Loan has the meaning specified in Section 2.01(a).