Extension Advance definition

Extension Advance an "Applied Non-Extension Advance" and, together with an Applied Downgrade Advance, an "Applied Provider Advance") shall thereafter (subject to Section 2.06(b)) be treated as an Interest Advance under this Agreement for purposes of determining the Applicable Liquidity Rate for interest payable thereon; provided further, however, that if, following the making of a Provider Advance, the Liquidity Provider delivers a Termination Notice to the Borrower pursuant to Section 6.01 hereof, such Provider Advance shall thereafter be treated as a Final Advance under this Agreement for purposes of determining the Applicable Liquidity Rate for interest payable thereon. Subject to Sections 2.07 and 2.09 hereof, immediately upon the withdrawal of any amounts from the Class A-1 Cash Collateral Account on account of a reduction in the Required Amount, the Borrower shall repay to the Liquidity Provider a portion of the Provider Advances in a principal amount equal to such reduction, plus interest on the principal amount prepaid as provided in Section 3.07 hereof.
Sample 1
Extension Advance means, with respect to a Securitized Asset for which the REMIC Servicer has entered into an extension of the final maturity date with the related obligor or for which one or more scheduled payments have been postponed as a result of a bankruptcy proceeding involving the related obligor, the xxxxxxxxx X&X Advance made by the REMIC Servicer in connection with such extension or postponement.
Sample 1
Extension Advance. “Special Termination Advance” and “Unpaid Advance” shall have the meanings specified in each Liquidity Facility. The Equipment Notes shall be executed on behalf of the Owner by one of its authorized officers. Equipment Notes bearing the signatures of individuals who were at any time the proper officers of the Owner shall bind the Owner, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Equipment Notes or did not hold such offices at the respective dates of such Equipment Notes. The Owner may from time to time execute and deliver Equipment Notes with respect to the Aircraft to the Indenture Trustee for authentication upon original issue and such Equipment Notes shall thereupon be authenticated and delivered by the Indenture Trustee upon the written request of the Owner signed by an authorized officer of the Owner. No Equipment Note shall be secured by or entitled to any benefit under this Trust Indenture or be valid or obligatory for any purposes, unless there appears on such Equipment Note a certificate of authentication in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized officers and such certificate upon any Equipment Notes be conclusive evidence, and the only evidence, that such Equipment Note has been duly authenticated and delivered hereunder. The aggregate Original Amount of any Series of Equipment Notes issued hereunder shall not exceed the amount set forth as the maximum therefor on Schedule I hereto.
Sample 1

Examples of Extension Advance in a sentence

  • Purchaser may extend the Closing Date for two (2) additional weeks by making the $100,000 Extension Advance to BDS which, once paid, shall constitute part of the payment of the Purchase Price.

  • Wilshire/Fairfax Station—East Station Option No use of the structure is proposed for either station (see Figure 4-1 and Appendix A, Westside Subway Extension Advance Conceptual Engineering Drawings).

  • A potential station entrance is at the southeast corner of the intersection of Wilshire Boulevard and 4th Street (see Appendix A, Westside Subway Extension Advance Conceptual Engineering Drawings.

  • This item was discussed and approved together with the prior Eglinton Crosstown West Extension Advance Tunnel Contract RFP.

  • Las Chispas, Sonora, MexicoThe Las Chispas property is located in Sonora, Mexico, and consists of 26 concessions.

  • Approve Gas Main Extension Advance Deposit Agreement with NICOR Gas, for the Rock Falls Wastewater Treatment Plant, Metro Project #907-A-2 at a cost of $19,592.73.

  • Interest on each Stockholder Extension Advance shall accrue at a fixed rate equal to 10% per annum through and including the day on which such Stockholder Extension Advance is repaid in full or converted in accordance with this Section 1.11, shall be computed on the basis of a year of three hundred sixty-five (365) days for the actual number of days elapsed, and shall be compounded monthly.

  • The Company will enter into any subscription, purchase or other customary agreements as the Placement Agents or the Investors deem necessary or appropriate to consummate the Offering, all of which will be in form and substance acceptable to the Placement Agents, the Investors and the Company.

  • Jim Justice today announced the preliminary approval of over $3.9 million in Line Extension Advance- ment and Development (LEAD) program funds for various broadband infrastructure projects throughout the state.This marks the second round of grants awarded as part of Gov.

  • The base period will be one (1) year, estimated to start on May 09, 2022.

Related to Extension Advance

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

  • Applied Non-Extension Advance has the meaning assigned to such term in Section 2.06(a).

  • Unapplied Non-Extension Advance means any Non-Extension Advance other than an Applied Non-Extension Advance.

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

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

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

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

  • Revolving Advance has the meaning given in Section 2.1.

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

  • Equipment Advance is defined in Section 2.1.1.

  • Letter of Credit Advance means an advance made by the Issuing Bank or any Revolving Credit Lender pursuant to Section 2.03(c).

  • Special Termination Advance means an Advance made pursuant to Section 2.02(g).

  • Interest Drawing has the meaning assigned to such term in Section 3.6(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.

  • 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.

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

  • ‘Preparation Advance’ means the advance referred to in the Financing Agreement and repayable in accordance with Section 2.07.”

  • Applied Special Termination Advance has the meaning assigned to such term in Section 2.05.

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

  • 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.

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

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

  • 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.

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

  • Term Loan Extension Request has the meaning set forth in Section 2.16(a).

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