Examples of Future Advance Loan in a sentence
OVERTIME AND OTHER PENALTY RATES (a) Overtime - For all time of duty outside the ordinary hours of duty each day or in excess of the hours prescribed in Clause 21 - Hours of Work of this award, or before the time fixed for commencing work or after the time fixed for ceasing work, payment shall be made at the rate of time and a half for the first two hours and double time thereafter.
Cut-off Date Funded Total Debt PSF of each Trust Loan, Future Advance Loan, Mortgage Loan, Mezzanine Loan and Total Debt associated with each Mortgage Loan, as applicable.
Borrower warrants that the Future Advance Loan is being made solely to acquire or carry on a business or commercial enterprise, and/or Borrower is a business or commercial organization.
Borrower further warrants that all of the proceeds of the Future Advance Loan shall be used for commercial purposes and stipulates that the Future Advance Loan shall be construed for all purposes as a commercial loan, and is made for other than personal, family, household or agricultural purposes.
Future Advance Loan Margin,as shown on the Final Data File, we recalculated the “Fully Funded Loan Margin” of each Mortgage Loan.
Failure has occurred and is continuing with respect to the most recent Quarterly Measurement Date; (ix) no Liquidity Test Failure has occurred and is continuing with respect to the most recent Quarterly Measurement Date; or (B) Rating Confirmation has been obtained with respect to the Issuer’s ownership of such Related Future Advance Loan.
Borrower has requested that Lender lend to Borrower a future advance loan in the amount of $1,000,000.00 (the "Future Advance Loan") to finance additional construction costs in connection with the Improvements.
As a result of funding a Future Advance, the Issuer may be required to purchase a portion of a Future Advance Loan at a time when other investment opportunities are available to the Issuer.
Trust Loan Interest Rate (At Assumed LIBOR),ii.Future Advance Loan Interest Rate (At Assumed LIBOR),iii.Fully Funded Loan Interest Rate (At Assumed LIBOR),iv.Mezzanine Loan Interest Rate (At Assumed LIBOR),v.Cut-off Date Funded Total Debt Interest Rate (At Assumed LIBOR) andvi.Fully Funded Total Debt Interest Rate (At Assumed LIBOR)of each Trust Loan, Future Advance Loan, Mortgage Loan, Mezzanine Loan and Total Debt associated with each Mortgage Loan, as applicable.
Borrower agrees that Lenders have no further obligations to make any advances of loan proceeds (other than the advance of the Future Advance Loan subject to the terms of this Modification Agreement and the other Loan Modification Documents).