Loan Advance definition

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

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Loan Advance means a disbursement of all or any portion of the Loan.

Loan Advance means that portion of the Principal Sum that is outstanding at any time during the term of this Note.

Examples of Loan Advance in a sentence

Funds in the Loan Advance Reserve Account shall be held and disbursed in accordance with this Agreement (including, without limitation, the Advance Conditions), and subject to the terms of, Section 2.22(f).
The written notice required to be delivered to Administrative Agent in accordance with the foregoing shall specify the amount of the Unfunded Loan Amount to be Advanced into the Loan Advance Reserve Account, provided that, as a condition to such Advance, the conditions precedent to an Advance set forth in Sections 2.30(a), (b), (c), (d), (e), (y) and (bb) shall be satisfied.
Such Draw Request shall specify the amount of any Retainage previously withheld and which has then become payable by Mortgage Borrower and shall also include a request for any disbursements from the Deficiency Account and/or Loan Advance Reserve Account that Mortgage Borrower may desire, with supporting documentation describing in reasonable detail the basis for any such disbursements.
Subject to Borrower’s compliance with the terms and conditions relating to Advances for the payment or reimbursement of Hard Costs and Soft Costs, as applicable, hereunder, Administrative Agent shall disburse the Loan Advance Funds to Borrower pursuant to Sections 2.20, 2.22, 2.24, 2.30, 2.31, 2.32 and 2.33, as applicable, to pay Hard Costs and Soft Costs.
All funds that are deposited with Administrative Agent pursuant to Section 2.5(d) shall be held in the Loan Advance Reserve Account.

More Definitions of Loan Advance

Loan Advance means each advance of proceeds of the Loan.

Loan Advance. Each funding by the Lenders hereunder (including each advance made for the purpose of funding the Unfunded Exposure Account pursuant to Section 2.2(e)). The application of amounts on deposit in the Unfunded Exposure Account to fund a Revolving Loan or Delayed Draw (Unfunded) Loan in accordance with Section 2.9(e) shall not be considered a “Loan Advance”.

Loan Advance. Loan Payment:

Loan Advance or “Loan Advances” shall mean any advance of any proceeds of the Revolving Facility or the Term Facility, including any Swing Line Borrowings, as the case may be.

Loan Advance means an extension of credit pursuant to a Line of Credit.

Loan Advance. Complete Outgoing Wire Request section below if all or a portion of the funds from this loan advance are for an outgoing wire. From Account # To Account # Amount of Advance $ All Borrower’s representations and warranties in the Loan and Security Agreement are true, correct and complete in all material respects on the date of the request for an advance; provided, however, that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof; and provided, further that those representations and warranties expressly referring to a specific date shall be true, accurate and complete in all material respects as of such date: Authorized Signature: Phone Number: Print Name/Title: OUTGOING WIRE REQUEST: Complete only if all or a portion of funds from the loan advance above is to be wired. Deadline for same day processing is noon, Pacific Time Beneficiary Name: Amount of Wire: $ Beneficiary Bank: Account Number: City and State: Beneficiary Bank Transit (ABA) #: Beneficiary Bank Code (Swift, Sort, Chip, etc.): Intermediary Bank: Transit (ABA) #: For Further Credit to: Special Instruction: Authorized Signature: 2nd Signature (if required): Print Name/Title: Print Name/Title: Telephone #: Telephone #: BORROWER: Relypsa, Inc. DATE: May , 2013 BANK: Silicon Valley Bank I hereby certify as follows, as of the date set forth above:

Loan Advance means Building Loan Advances and Project Loan Advances.