Extended Advance definition

Extended Advance means an Extended Term Advance or an Extended Revolving Credit Advance.
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Extended Advance means (a) an Advance held by an Extended Lender or a Lender to whom such an Advance was assigned pursuant to the terms of this Agreement or (b) a Non-Extended Advance that was converted into an Extended Advance pursuant to Section 2.14. As of the Second Extension Amendment Effective Date, the aggregate principal amount of Extended Advances is $544,000,000471,600,000 and the Extended Advance of each Lender is set forth on Schedule I hereto.
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Extended Advance has the meaning specified in Section 2.01(b).
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Examples of Extended Advance in a sentence

  • The Borrower promises to pay interest on the unpaid principal amount of the Extended Advance made by the Lender from the date of such Extended Advance until such principal amount is paid in full, at such interest rates and at such times as provided in the Credit Agreement.

  • The Extended Advance made by the Lender shall be evidenced by one or more loan accounts or records maintained by the Lender in the ordinary course of business.

  • The Extended Advance evidenced hereby is guaranteed as provided therein and in the other Loan Documents.

  • The Extended Advances evidenced hereby are subject to prepayment prior to the Extended Advance Maturity Date, in whole or in part, as provided in the Credit Agreement.

  • The prepayment privileges applicable to each Extended Advance governed by this Part II shall be the same prepayment privileges applicable to the respective Designated Advance before the Final Maturity Extension Effective Date that were provided in the Existing Note.

  • Principal payments on each Extended Advance shall begin on the first Payment Date to occur after the Final Maturity Extension Effective Date for such Extended Advance and shall be made on each subsequent Payment Date until such Extended Advance is paid in full on or before the New Final Maturity Date.

  • The principal amount of each Extended Advance governed by this Part II shall be the unpaid principal balance of the respective Designated Advance, as determined by FFB as of the respective Final Maturity Extension Effective Date.

  • Subject to paragraph 8 of this Part II, interest on each Extended Advance and, if the Original Note is a refinancing note, the fee applicable to each Extended Advance shall accrue and be computed in the same manner as interest and, if the Original Note is a refinancing note, the fee accrued and were computed on the respective Designated Advance before the Final Maturity Extension Effective Date as provided in the Existing Note.

  • The aggregate of all quarterly payments on such Extended Advance shall be such as will pay the entire principal amount of such Extended Advance, and all interest and, if the Original Note is a refinancing note, the applicable fee accrued thereon, on or before the New Final Maturity Date.

  • Each Extended Advance governed by this Part II shall mature on the date specified on page 1 of this Agreement Amending Note as the "New Final Maturity Date" (such date being the "New Final Maturity Date" for such Extended Advance).

Related to Extended Advance

  • 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.

  • 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.

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

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

  • Tranche A Advance means an Advance made by a Bank under Tranche A.

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

  • Extended Revolving Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Loan Advance The meaning specified in Section 2.2(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.

  • Extended Loan shall have the meaning assigned to such term in Section 2.26(a).

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

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

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

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

  • 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.

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

  • Revolving Advance has the meaning given in Section 2.1.

  • Equipment Advance is defined in Section 2.1.1.

  • Eligible advance means an advance made before August 19, 1993.

  • Unliquidated Advance Any Advance previously made by a party hereto that has been previously reimbursed, as between the Person that made the Advance hereunder, on the one hand, and the Trust Fund, on the other, as part of a Workout-Delayed Reimbursement Amount pursuant to subsections (ii) (B) and (C) of Section 3.06(a) of this Agreement but that has not been recovered from the Mortgagor or otherwise from collections on or the proceeds of the Mortgage Loan or REO Property in respect of which the Advance was made.

  • Extended Repayment Date shall have the meaning provided in Section 2.5(c).

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

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

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

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Term Loan as defined in Section 2.1.