Incremental Advance definition

Incremental Advance means the aggregate amount funded by the Purchasers to the Borrowers on an Incremental Funding Date.

Incremental Advance has the meaning set forth in Section 2.22(a)(ii).

Incremental Advance means a borrowing hereunder that increases the outstanding Aggregate Principal hereunder.

Examples of Incremental Advance in a sentence

• For the avoidance of doubt, this Section 8.22(a) shall not apply in connection with the issuance or amendment of any securities pursuant to an Incremental Advance.

• Each Incremental Advance shall not be in an amount of less than One Million Dollars ($1,000,000).

• For the avoidance of doubt, from and after the related Incremental Advance Date, the Advance Rate in respect of such Converted Rental Properties shall be the Advance Rate applicable to Stabilized Rental Properties.

• If no Event of Default shall have occurred and be continuing at the time of the applicable prepayment, the references to the Loans in the immediately preceding sentence shall refer first to the 2020 Loans, second to the 2021 Loans and then, pro rata, to the Initial Restatement Advance Loans and, the Incremental Advance Loans and the Second Incremental Term Loans.

• To obtain an Incremental Advance, Borrower shall deliver to Lender a written request for such Incremental Advance in a form reasonably prescribed by the Lender by noon California time no less than five (5) business days before the requested date of such Incremental Advance, which shall be a business day; provided that as of the close of business on the third (3rd) business day after Lender’s receipt of such notice, such notice shall be irrevocable.

More Definitions of Incremental Advance

Incremental Advance means a Class A Incremental Advance or a Class B Incremental Advance, as the context may require.

Incremental Advance means an Incremental Revolving Credit Advance or an Incremental Term Advance, as applicable.

Incremental Advance shall have the meaning set forth in Section 3(i) hereof.

Incremental Advance means any Advance issued pursuant to an Incremental Commitment.”

Incremental Advance means an advance made by a Grantor (i) with respect to a construction loan facility or a construction project to complete, or maintain the value of, the related construction project or (ii) under a mezzanine or working capital loan facility under which such Grantor of such Incremental Advance has a legally binding commitment to make such advance.

Incremental Advance means an Eligible Warehouse Loan made by an Obligor (i) under an Eligible Warehouse Agreement to provide funding to a construction loan facility or a construction project, to complete, or maintain the value of, the related construction project or (ii) under an Eligible Warehouse Agreement pursuant to which such Obligor has a legally binding commitment to make such Eligible Warehouse Loan.

Incremental Advance. Each amount advanced under any Variable Pay Revolving Note after the Closing Date, including as a result of the sale of an additional class of Variable Pay Revolving Notes to be issued on a Targeted Final Distribution Date for any class of Class A Notes.