Initial Advance Note definition

Initial Advance Note means the promissory note, in the form attached hereto as Exhibit B, in the principal amount of Three Million Dollars ($3,000,000), executed by Borrower to the order of Lender and evidencing Borrower’s obligations to repay to Lender the Initial Advance, including interest thereon.
Initial Advance Note has the meaning provided in the Recitals hereto.

Examples of Initial Advance Note in a sentence

  • All corporate and other proceedings, and all documents, instruments and other legal matters in connection with the transactions contemplated by this Agreement, the Initial Advance Note and the other Loan Documents shall be reasonably satisfactory in form and substance to Lender.

  • Each of the representations and warranties made by Borrower in or pursuant to this Agreement, the Initial Advance Note or any other Loan Document delivered in connection herewith or therewith shall be true and correct in all material respects on and as of such date as if made on and as of such date, unless stated to relate to a specific earlier date.

  • Lender shall have received a certificate of the secretary or an assistant secretary (or other appropriate representative) of Borrower as to the incumbency and signature of the officer(s) or other representatives of Borrower executing this Agreement, the Initial Advance Note, the other Loan Documents (other than the Second Advance Note) and any certificate or other documents to be delivered pursuant hereto or thereto.

  • The Advances made by Lender to Borrower pursuant hereto shall be evidenced by an Initial Advance Note and a Second Advance Note each payable to the order of Lender in an aggregate amount equal to the principal amount of the Initial Advance or the Second Advance, as appropriate.

  • Lender shall have received (i) this Agreement, executed and delivered by a duly authorized officer of Borrower, (ii) the Initial Advance Note, conforming to the requirements hereof, executed and delivered by a duly authorized officer of Borrower, and (iii) each of the other Loan Documents (other than the Second Advance Note and the Escrow Agreement), conforming to the requirements hereof, executed and delivered by a duly authorized officer or representative of Borrower.

  • Lender shall have received (i) this Agreement, executed and delivered by a duly authorized officer of Borrower, (ii) the Initial Advance Note, conforming to the requirements hereof, executed and delivered by a duly authorized officer of Borrower, and (iii) the Security Agreement, conforming to the requirements hereof, executed and delivered by a duly authorized officer or representative of Borrower.

  • References in the Loan Documents to “Note” mean the Initial Advance Note and the Earnout Advance Note.

  • Each of the representations and warranties made by Borrower in or pursuant to this Agreement, the Initial Advance Note or any other Loan Document delivered in connection herewith or therewith shall be true and correct in all material respects on and as of April 25, 2009.

  • Lender shall have received a certificate of the secretary or an assistant secretary (or other appropriate representative) of Borrower as to the incumbency and signature of the officer(s) or other representatives of Borrower executing this Agreement, the Initial Advance Note, the Security Agreement and the Escrow Agreement and any certificate or other documents to be delivered pursuant hereto or thereto.

  • Any or all of the Initial Advance Note, the Second Advance Note or any Working Capital Note may be converted to equity in Borrower (a) at any time upon the mutual agreement of Borrower and Lender or (b) by Borrower if the merger and acquisition is not completed in accordance with the Plan of Merger.

Related to Initial Advance Note

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

  • Initial Loan is defined in Section 2.1.

  • 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.

  • Additional Loans Purchase Price means the dollar amount representing the aggregate purchase price of the related Additional Loans as specified in the applicable Additional Purchase Agreement (which, with respect to any Additional Loan purchased with funds on deposit in the Supplemental Purchase Account, will be equal to 100% of the aggregate principal balance of such Additional Loan, plus accrued interest to be capitalized).

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

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

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

  • Advance Date means the funding date of any Advance.

  • Term Loan A Note means a promissory note made by the Borrower in favor of a Term Loan A Lender evidencing the portion of the Term Loan A made by such Term Loan A Lender, substantially in the form of Exhibit C-1.

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • 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.

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

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

  • Total loan amount means the principal of a loan minus those points and fees that are included in the principal amount of the loan. For open-end loans, the total loan amount must be calculated using the total line of credit allowed under the residential mortgage loan at closing. [PL 2011, c. 427, Pt. A, §15 (NEW).]

  • Draw Date means, with respect to any Distribution Date, the second Business Day immediately preceding such Distribution Date.

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • 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.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Tranche C Loan has the meaning specified in Section 2.01(c).

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

  • Tranche B Note means a promissory note of the Borrower payable to any Tranche B Lender and its registered assigns, delivered pursuant to a request made under Section 2.16 in substantially the form of Exhibit A-3 hereto, evidencing the aggregate indebtedness of the Borrower to such Lender resulting from the Tranche B Loans made by such Lender to the Borrower.

  • Advance Notice Date means each date the Company delivers to the Investor an Advance Notice requiring the Investor to advance funds to the Company, subject to the terms of this Agreement. No Advance Notice Date shall be less than seven (7) Trading Days after the prior Advance Notice Date.

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

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

  • New Loan means a Loan made by the Failed Bank after the Bid Valuation Date that is not a continuation, amendment, modification, renewal, extension, refinancing, restructuring or refunding of or for any then-existing Loan.