Last Advance Date definition

Last Advance Date. Last Advance Date" means the earlier of (1) the Completion Deadline (or - if the Completion Deadline is not an Advance Date, which could occur if Tenant exercises its rights hereunder to accelerate the Carrying Costs Accrual Termination Date and to thereafter designate a LIBOR Period Election of more than one month - then the latest Advance Date prior to the Completion Deadline), (2) the first Advance Date that occurs at least ten (10) days after Landlord has received a Completion Notice or a Notice of Last Advance, or (3) the Designated Sale Date. (bi) LIBOR. "LIBOR" means, for purposes of determining the Effective Rate for each Period, the rate determined by Landlord's Parent to be the average rate of interest per annum (rounded upwards, if necessary, to the next 1/16 of 1%) of the rates at which deposits of dollars are offered or available to Landlord's Parent in the London interbank market at approximately 11:00 a.m. (London time) on the second Business Day preceding the first day of such period. Landlord shall instruct Landlord's Parent to consider deposits, for purposes of making the determination described in the preceding sentence, that are offered: (i) for delivery on the first day of such Period, (ii) in an amount equal or comparable to the total (projected on the applicable date of determination by Landlord's Parent) Stipulated Loss Value on the first day of such Period, and (iii) for a period of time equal or comparable to the appropriate Period. If Landlord's Parent so chooses, it may determine LIBOR for any period by reference to the rate reported by the British Banker's Association on Page 3750 of the Telerate Service at approximately 11:00 a.m. (London time) on the second Business Day preceding the first day of such period; provided, however, Tenant may notify Landlord that Tenant objects to any future determination of LIBOR in the manner provided by this sentence, in which case any determination of LIBOR required more than three Business Days after Landlord's receipt of such notice shall be made as if this sentence had been struck from this Lease. If for any reason Landlord's Parent determines that it is impossible or unreasonably difficult to determine LIBOR with respect to a given Period in accordance with the preceding sentences, or if Landlord's Parent shall determine that it is unlawful (or any central bank or governmental authority shall assert that it is unlawful) for Landlord, Landlord's Parent or any other Participant to provide o...
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Last Advance Date means the earlier of (1) the Completion Deadline (or - if the Completion Deadline is not an Advance Date, which could occur if Tenant exercises its rights hereunder to accelerate the Carrying Costs Accrual Termination Date and to thereafter designate a LIBOR Period Election of more than one month - then the latest Advance Date prior to the Completion Deadline), (2) the first Advance Date that occurs at least ten (10) days after Landlord has received a Completion Notice or a Notice of Last Advance, or (3) the Designated Sale Date. (bj)
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Last Advance Date means the Payment Date occurring in January, 2016.
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Examples of Last Advance Date in a sentence

  • Borrower must provide invoices for the equipment to Silicon on or before the Last Advance Date.

  • It is understood that Tenant may, but shall not be required, to give a Notice of Last Advance in order to accelerate the Last Advance Date and to thereby accelerate the date upon which Commitment Fees shall cease to accrue.

  • The last "Construction Period" shall end on but not include the Last Advance Date.

  • Construction Advances" means actual advances of funds made by or on behalf of Landlord pursuant to Paragraph 6.(a)(i) below for costs incurred to construct the Designated Improvements or for property taxes and assessments assessed against the Leased Property paid prior to the Last Advance Date.

  • In any event, no Advance Date shall occur after the Last Advance Date.

  • BASE RENT COMMENCEMENT DATE" means the earlier of (1) the Last Advance Date, or (2) the first Business Day of any calendar month that occurs at least ten (10) days after Landlord has received a notice from Tenant stating that Tenant irrevocably elects to have Base Rent begin to accrue as soon as possible under this Lease.

  • The proposed storm sewer under the private driveway should be included in the limits of disturbance.We request the applicant respond with how each comment above was addressed.

  • Subject to the conditions set forth below, Landlord shall make advances (herein called "CONSTRUCTION ADVANCES") on Advance Dates from time to time as requested by Tenant to reimburse Tenant for the actual cost of making the Initial Improvements to the Leased Property and for any property taxes or assessments payable prior to the Last Advance Date with respect to the Leased Property.

  • If the Base Rent Commencement Date occurs before the Last Advance Date, then each Base Rent Date through and including the Last Advance Date shall also constitute an "ADVANCE DATE" hereunder.

  • In any event, the Last Advance Date shall be the final Advance Date.


More Definitions of Last Advance Date

Last Advance Date means April 5, 2021.
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Related to Last Advance Date

  • P&I Advance Date The Business Day immediately prior to each Distribution Date.

  • Advance Date means the funding date of any Advance.

  • Servicer Advance Date As to any Distribution Date, 11:30 a.m., Eastern time, on the Business Day immediately preceding such Distribution Date.

  • Interest Advance means an Advance made pursuant to Section 2.02(a).

  • Simple Interest Advance means, with respect to a Simple Interest Receivable, the amount, as of the last day of a Collection Period, which is advanced with respect to such Simple Interest Receivable by the Servicer pursuant to Section 4.4(a) of the Sale and Servicing Agreement.

  • 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).

  • Master Servicer Advance Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Class A-1 Final Scheduled Payment Date means the Payment Date occurring in August 2024.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.

  • 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.

  • 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.

  • Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.

  • Class B Final Scheduled Payment Date means the Payment Date occurring in June 2021.

  • Scheduled Payment Date means a date on which a payment or delivery is to be made under Section 2(a)(i) with respect to a Transaction.

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

  • Class C Final Scheduled Payment Date means the Payment Date occurring in January 2026.

  • Class D Final Scheduled Payment Date means the Payment Date occurring in April 2021.

  • 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.

  • Subsequent Interest Period has the meaning specified in Section 3.7.

  • Loan Year means each period of twelve (12) consecutive months commencing on the Closing Date and on each anniversary thereof.

  • Loan Payment Date means any date on which any Bond Service Charges are due and payable.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • 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.

  • Deferred Payment Date for a Participant means the date after the Restricted Period which is the earlier of (i) the date which the Participant has elected to defer receipt of Restricted Shares in accordance with Section 4.4 of this Restricted Share Plan; and (ii) the Participant’s Separation Date.

  • Class A-2 Final Scheduled Payment Date means the Payment Date occurring in January 2025.