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).