Lessor Advance definition

Lessor Advance means, as the context may require,
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Lessor Advance means the advance of funds made or deemed made by the Lessor pursuant to the terms of the Participation Agreement.
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Lessor Advance. Each funding of Facility Cost made by the Lessor as a Lessor Investment pursuant to Section 2.01(a) of the Investment Agreement.
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Examples of Lessor Advance in a sentence

  • On the Expiration Date, subject to the terms of this Agreement and the Lease, the Agent on behalf of the Lessor shall receive from the Lessee under the Lease the outstanding amount of the Lessor Advance then due, together with all accrued but unpaid Lessor Yield and all other amounts due to Lessor under the Operative Agreements.

  • Subject to the limitations on the Lessee’s payment obligations in connection with an election of the Sale Option under the Lease, the outstanding amount of the Lessor Advance shall be due in full on the Expiration Date.

  • The outstanding amount of the Lessor Advance shall be due in full on the Expiration Date.

  • Lessee shall not submit any Requisition or any other request for funding pursuant to the Operative Agreements requesting any Lessor Advance in excess of the Available Lessor Parties Commitment.

  • The Credit Parties shall ensure that no Requisition shall request any Lessor Advance for the acquisition of, or otherwise in any manner regarding, any Excluded Equipment.

  • Each Requisition shall (i) specify the desired amount of such Lessor Advance which in the aggregate must be in a minimum amount of $500,000 and (ii) specify the date of such Lessor Advance.

  • Delivery of a Requisition shall be deemed to be a certification by the Lessee that all applicable conditions precedent (except those relating to performance by the Financing Parties) under Sections 5.3 and/or 5.4 of this Agreement shall have been satisfied by the date of the particular Lessor Advance, unless waived by the Agent (pursuant to instructions from the Majority Secured Parties).

  • No Lessor Party shall be obligated to fund any Lessor Advance in excess of its Lessor Parties Commitment.

  • Any such Lessor Advances held by the Construction Agent shall be subject to the Lien of the Lease and shall accrue Lessor Yield as a Lessor Advance from the date advanced to the Construction Agent until such amounts are repaid to the Lessor Parties.

  • The Construction Agent shall deliver a Requisition to the Agent in connection with each Lessor Advance, as specified in more detail in Section 4.2.


More Definitions of Lessor Advance

Lessor Advance means each advance made by the Lessor pursuant to the terms of the Participation Agreement and, in accordance with Section 1 of the Participation Agreement, shall be deemed to include the amounts advanced by the Lessor to obtain its respective interests pursuant to the Master Transfer Agreement on the Closing Date.
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Lessor Advance shall have the meaning given to such term in Section 5.2(c) of the Participation Agreement.
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Lessor Advance means, as the context may require, (a) any single advance made by any Lessor Party pursuant to the terms of the Operative Agreements or (b) the aggregate amount of all advances made by the Lessor Parties pursuant to the terms of the Operative Agreements as reduced from time to time by any repayment or prepayment of such advances pursuant to Section 5A.4 of the Participation Agreement or otherwise in accordance with the Operative Agreements. “Lessor Assignment Agreement” shall mean the Assignment and Assumption Agreement dated on or about the Initial Closing Date, among the Lessor, the various banks and other lending institutions which are parties thereto as assignees, the Agent and the Lessee. “Lessor Confirmation Letter” shall mean the confirmation letter issued by the Lessor from time to time to the Lessee pursuant to Section 8.2(d) of the Participation Agreement, in a form substantially similar to the form of confirmation letter provided to the Lessee on or prior to the Initial Closing Date.
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Related to Lessor Advance

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

  • Future Advance means an Advance made after the Initial Closing Date.

  • Equipment Advance is defined in Section 2.1.1.

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

  • Letter of Credit Advance means an advance made by the Issuing Bank or any Revolving Credit Lender pursuant to Section 2.03(c).

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

  • 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.

  • 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).

  • Unapplied Non-Extension Advance means any Non-Extension Advance other than an Applied Non-Extension Advance.

  • Revolving Advance has the meaning given in Section 2.1.

  • Emergency Advance Any Property Advance that, pursuant hereto, the Special Servicer is required to either (a) make (in its sole discretion in accordance with the Servicing Standard) or (b) to request the Master Servicer to make, that must be made in an emergency situation or on an urgent basis within two (2) Business Days of the Special Servicer becoming aware that it must be made in order to avoid any material penalty, any material harm to a Mortgaged Property securing a Mortgage Loan or any other material adverse consequence to the Trust Fund or any related Companion Loan Holder.

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

  • Non-Extension Advance means an Advance made pursuant to Section 2.02(b).

  • 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.

  • Applied Special Termination Advance has the meaning assigned to such term in Section 2.05.

  • Letter of Credit Payment means any amount paid or required to be paid by the Issuing Lender in its capacity hereunder as issuer of a Letter of Credit as a result of a draft or other demand for payment under any Letter of Credit.

  • Unapplied Provider Advance means any Provider Advance other than an Applied Provider Advance.

  • Eligible advance means an advance made before August 19, 1993.

  • The Advance Work Order or “Letter of Intent” means the intention of Purchaser to place the Work Order on the bidder.

  • 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.

  • Extended Letter of Credit has the meaning given that term in Section 2.3.(b).

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

  • Applied Non-Extension Advance has the meaning assigned to such term in Section 2.06(a).

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.