Emerald Advance definition

Emerald Advance means each H&R Block Emerald Advance line of credit account established pursuant to an agreement between HRB Bank and any individual.
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Emerald Advance means an open-end line of credit offered by Bank under the Program whereby Company Customers may obtain credit as further described in Schedule C (Emerald Advance Product Schedule).
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Emerald Advance means an open-end line of credit offered by BofI under the Program whereby Company Customers may obtain credit, as further described in the Emerald Advance Product Schedule to the PMA.
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Examples of Emerald Advance in a sentence

  • We will collect the annual fee by taking an advance against the available credit on your Emerald Advance.

  • Otherwise, your credit limit will be determined by the method you use to meet the qualification requirements for continued use of your Emerald Advance.

  • Except to make a payment on your Emerald Advance, you may not withdraw funds from your Emerald Savings Account if the remaining balance in your Emerald Savings Account after that withdrawal would be less than the credit limit on your Emerald Advance.

  • The first annual fee is due and payable when you are approved for an Emerald Advance and have an available credit limit.

  • We may terminate your right to obtain credit under your Emerald Advance if your Card Account is closed.

  • The Emerald Card also allows customers to access the Emerald Advance Line of Credit, which is a pre-season or “pay stub” product that provides loans of up to $1,000.

  • If your Emerald Advance remains open, subsequent annual fees of $30 per year will be assessed in the anniversary month of the month your first annual fee was assessed.

  • Periodic interest is determined each billing cycle by multiplying the Average Daily Balance of your Emerald Advance (including current transactions) by the applicable Daily Periodic Rate identified below by the number of days in the billing cycle.

  • In addition, you must pay down to zero the outstanding principal balance of your Emerald Advance, plus fees and accrued finance charges, by the end of each annual Resting Period (i.e., by February 15).

  • You will be eligible to draw from the Emerald Advance immediately even if a qualifying deposit to your Emerald Savings Account has not yet been made.


More Definitions of Emerald Advance

Emerald Advance means the H&R Block Emerald Advance® line of credit originated by Pathward.
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Emerald Advance means a year-round open-end line of credit offered by Meta during November, December, and January under the Program, as further described in S chedule C (Emerald Advance Product Schedule). Emerald Advance includes both (a) the open-end line of credit marketed as "H&R Block Emerald Advance®" and offered by Meta pursuant to this Agreement and (b) any Legacy Emerald Advances.
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Emerald Advance means the H&R Block Emerald Advance® line of credit originated by MetaBank.
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Emerald Advance means a year-round open-end line of credit offered by Meta during November, December, and January under the Program, as further described in Schedule C (Emerald Advance Product Schedule). Emerald Advance includes both (a) the open-end line of credit marketed as "H&R Block Emerald Advance®" and offered by Meta pursuant to this Agreement and (b) any Legacy Emerald Advances.
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Emerald Advance means an open-end line of credit offered by Bank under the Program whereby Company Customers mayobtain credit as further described in Schedule C (Emerald Advance Product Schedule).
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Related to Emerald Advance

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

  • Servicer Advance or "Servicing Advance" as defined in the applicable Purchase and Servicing Agreement.

  • Subservicer Advance Any delinquent installment of principal and interest on a Mortgage Loan which is advanced by the related Subservicer (net of its Subservicing Fee) pursuant to the Subservicing Agreement.

  • 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.

  • 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.

  • 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.

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

  • Unpaid Advance has the meaning assigned to such term in Section 2.05.

  • Future Advance means an Advance made after the Initial Closing Date.

  • Revolving Advance has the meaning given in Section 2.1.

  • 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.

  • Servicer Advance Date As to any Distribution Date, 11:30 a.m., Eastern time, on the Business Day immediately preceding such Distribution Date.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • 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).

  • Equipment Advance is defined in Section 2.1.1.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • Master Servicer Advance Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

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

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

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

  • Delinquency Advance As defined in Section 8.09(a) hereof.

  • 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.

  • 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.

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

  • Cov-Lite Loan A Collateral Obligation the Underlying Documents for which do not (i) contain any financial covenants or (ii) require the Obligor thereunder to comply with any Maintenance Covenant (regardless of whether compliance with one or more Incurrence Covenants is otherwise required by such Underlying Documents); provided that, notwithstanding the foregoing, a Collateral Obligation shall be deemed for all purposes (other than the S&P Recovery Rate for such Collateral Obligation) not to be a Cov-Lite Loan if the Underlying Documents for such Collateral Obligation contain a cross-default or cross acceleration provision to, or such Collateral Obligation is pari passu with, another loan, debt obligation or credit facility of the underlying Obligor that contains one or more Maintenance Covenants.

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