Initial Advance definition

Initial Advance means the first Advance made pursuant to Article II.
Initial Advance means the first advance of proceeds of the Loans.
Initial Advance. The first Advance.

Examples of Initial Advance in a sentence

  • On the Closing Date, the Lender agrees to make the Initial Advance to the Borrower in an amount equal to the Initial Advance Amount.

  • Each such Loan Notice (other than with respect to the Initial Advance) must be received by the Lender not later than 11:00 a.m. (New York time) two (2) Business Days prior to the requested date of any Advance.

  • Initial Advance to the Pooled DA will be based on cash forecast not to exceed the equivalent of U.S. Dollars 40 million.

More Definitions of Initial Advance

Initial Advance means, in respect of any Loan, the original principal amount advanced by the Seller to the relevant Borrower;
Initial Advance means the initial Advance made in accordance with the terms hereof, which shall only be after the Borrower has satisfied each of the conditions set forth in Section 4.01 and Section 4.02 hereof (or any such condition shall have been waived by each Lender).
Initial Advance shall have the meaning set forth in Section 2.1.2.
Initial Advance shall have the meaning given such term in Section 4.1.
Initial Advance means the Advances made under this Agreement as part of the initial Borrowings.
Initial Advance means the first Advance made hereunder.
Initial Advance means the Advance made on the Closing Date.