Initial Advance Facility definition

Initial Advance Facility. The Subservicing Advance Agreement dated as of [ ], 20[ ], between the Initial Advance Facility Counterparty and the Subservicer. For purposes of this Agreement, the Initial Advance Facility shall have been terminated if (i) the Subservicer is no longer acting as subservicer (or as Servicer) or (ii) the Initial Advance Facility Counterparty shall have notified the Administrator and the Indenture Trustee in writing that the Initial Advance Facility has been terminated.
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Initial Advance Facility. The Subservicing Advance Agreement dated as of June 28, 2005, between the Initial Advance Facility Counterparty and the Subservicer. For purposes of this Agreement, the Initial Advance Facility shall have been terminated if (i) the Subservicer is no longer acting as subservicer (or as Servicer) or (ii) the Initial Advance Facility Counterparty shall have notified the Administrator and the Indenture Trustee in writing that the Initial Advance Facility has been terminated. Initial Advance Facility Counterparty: Xxxxxx Brothers Bank, and its successors and permitted assigns under the Initial Advance Facility. Initial LIBOR Rate: 3.320%.
Sample 1
Initial Advance Facility. The Subservicing Advance Agreement dated as of October 30, 2006, between the Initial Advance Facility Counterparty and Aegis Mortgage Corporation. For purposes of this Agreement, the Initial Advance Facility shall have been terminated if (i) Aegis Mortgage Corporation is no longer acting as Subservicer (or as Servicer) or (ii) the Initial Advance Facility Counterparty shall have notified the Administrator and the Indenture Trustee in writing that the Initial Advance Facility has been terminated.
Sample 1

Examples of Initial Advance Facility in a sentence

  • Until the Initial Advance Facility has been terminated, no amendment to this Agreement relating to the reimbursement of Advances shall be made without the prior written consent of the Initial Advance Facility Counterparty.

  • Subsections (b) through (g) of this Section 3.20 shall not apply to the Initial Advance Facility.

Related to Initial Advance Facility

  • Initial Advance means the first Advance made pursuant to Article II.

  • Advance Facility As defined in Section 3.22.

  • Term Advance has the meaning specified in Section 2.01(a).

  • Advance Facility Notice As defined in Section 3.22.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Additional Advance means each additional loan that is made under an RBC Homeline Plan after the initial advance, including any new or additional advances, increases to principal, or further borrowings or extensions of the term, including in the case of any fluctuating account or accounts, revolving loans, or lines of credit, additional segments of such facilities made after the initial advance. They are referred to collectively as Additional Advances.

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • Funding Date is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business Day.

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Equipment Advance is defined in Section 2.1.1.

  • Initial Loan is defined in Section 2.1.

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Final Advance means an Advance made pursuant to Section 2.02(d).

  • Closing Date Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Closing Date Term Loan Commitment. The aggregate amount of the Closing Date Term Loan Commitments as of the Closing Date is $820,000,000.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Original Loan shall have the meaning set forth in the recitals hereto.

  • Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.