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 has the meaning specified in Section 2.1(a).
Examples of Initial Advance in a sentence
Borrower acknowledges receipt of the Initial Advance concurrently herewith, the proceeds of which are being and shall be used to (i) repay and discharge existing loans relating to the Property, (ii) fund certain of the Subaccounts, and (iii) pay transaction costs.
On the date hereof, Borrower shall pay interest on the Initial Advance from the date hereof through and including the last day of the current Interest Period.
More Definitions of Initial Advance
Initial Advance. The first Advance.
Initial Advance means, in respect of any Loan, the original principal amount advanced by the Seller to the relevant Borrower;
Initial Advance shall have the meaning set forth in Section 2.10 hereof.
Initial Advance means the first Advance made hereunder.
Initial Advance means the first advance of proceeds of the Loans and/or issuance of Letters of Credit.
Initial Advance. The first advance of Loan proceeds to be made hereunder.
Initial Advance means the first Advance made under each of the Facilities.