First Advance Amount definition

First Advance Amount means the excess of (i) amount that the Company has paid to Atlantic Marine, Inc. for the construction of the Hydro Dump Barge prior to the earlier of (a) the Effective Time and (b) the date on which the Company receives the Tug Sale Proceeds over (ii) the Tug Sale Proceeds Shortfall Amount.
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First Advance Amount means the funding, pursuant to the terms of the Note, of one-half of the principal amount of the Note in the amount of $100,000.
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Examples of First Advance Amount in a sentence

  • The Lender shall advance the First Advance Amount to the Borrower on the First Advance Date not later than 3:00 p.m. (Oklahoma City time) on the First Advance Closing Date by wire transfer of Dollars to the Borrower.

  • By: --------------------------- Name: Title: LIST OF EXHIBITS AND SCHEDULES Schedule I Purchasers Exhibit A Form of Note Exhibit B Form of Warrant Exhibit C Form of Intercreditor Agreement Exhibit D Form of Security Agreement Exhibit E Certificate of Designation Exhibit F Shareholder Rights Agreement Disclosure Schedules SCHEDULE I PURCHASERS Name First Advance Amount ABN-AMRO Capital (USA), Inc.

  • The First Advance Amount (as defined herein) shall be funded and issuable upon the signing of this Agreement or at such late date mutually agreed upon by the parties.

  • You will need to show each page of paper, front and back, on screen at the start of the testing.

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Related to First Advance Amount

  • 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).

  • 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.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • 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.

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

  • Overadvance Amount has the meaning specified therefor in Section 2.4(f).

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

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Total loan amount means the principal of a loan minus those points and fees that are included in the principal amount of the loan. For open-end loans, the total loan amount must be calculated using the total line of credit allowed under the residential mortgage loan at closing. [PL 2011, c. 427, Pt. A, §15 (NEW).]

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • 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.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances Outstanding.

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

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

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

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • 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.

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Swing Line Loan Commitment Amount means, on any date, $5,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • 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).

  • Available Facility Amount is defined in Section 2.2(a).

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.