Initial Advance Amount definition

Initial Advance Amount means $141,000,000.

Initial Advance Amount means $72,000,000.

Initial Advance Amount has the meaning specified in Section 2.02 hereof.

Examples of Initial Advance Amount 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.

• A variety of chemical and enzymatic reactions produce derivatives of the simple sugars:1) Reductions: alditols and deoxy sugars: Alditols: carbonyl group is reduced to alcohol (-itol).

• Meaning that if these schools went away, their students would be worse off on average if they ended up back in their district schools.

• The Tender Agreements collectively lock up the support and tender of approximately 14.5% of the Company’s outstanding shares in the Proposed Acquisition.

• At closing, Lender shall advance Loan proceeds in an amount equal to $87,000,000.00 (such amount constituting the “Initial Advance Amount”); provided, that the Initial Advance Amount shall not, in any case, exceed the Loan Amount.

More Definitions of Initial Advance Amount

Initial Advance Amount means the principal sum of the Loan in an amount equal to FORTY THREE MILLION ONE HUNDRED FIFTY-SEVEN THOUSAND FIVE HUNDRED SIXTY-FOUR AND 34/100 DOLLARS ($43,157,564.34) that Lenders agree to advance to Borrower on the Effective Date subject to satisfaction of the terms and conditions in this Agreement, including in Section 3.1 hereof.

Initial Advance Amount means, with respect to each Advance on the related Drawdown Date, an amount equal to the product of (i) the Initial Advance Rate multiplied by (ii) the Outstanding Tranche Collateral Balance of the Related Tranche Collateral initially pledged to the Lender on such Drawdown Date.

Initial Advance Amount means $37,638,000.

Initial Advance Amount has the meaning specified therefor in Section 2.1(a)(i) of the Agreement.

Initial Advance Amount means the lesser of (a) the amount that would result in an Aggregate Loan to Value Ratio of 65%, or (b) the amount that would result in (i) an Aggregate Debt Service Coverage Ratio of 1.10 for the portion of the Commitment that will be the Variable Facility Commitment (using a prorated portion of the Net Operating Income and using the Facility Debt Service for only the Variable Facility Commitment in making such determination of Aggregate Debt Service Coverage Ratio), provided that such amount shall not exceed 103% of the amount that would result using the calculation set forth in (ii) below, and (ii) an Aggregate Debt Service Coverage Ratio of 1.35:1.0 for the portion of the Commitment that will be the Fixed Facility Commitment (using a prorated portion of the Net Operating Income and using the Facility Debt Service for only the Fixed Facility Commitment in making such determination of Debt Service Coverage Ratio).

Initial Advance Amount means $40,997,416.68.

Initial Advance Amount means an amount that, when funded, generates not less than (i) a 15% Cash on Cash Return based upon the GECC-Projected Net Operating Income, and (ii) a 1.50:1.0 Debt Service Coverage based on GECC-Projected Net Operating Income.