Money Advance definition
Examples of Money Advance in a sentence
Pay the principal amount of the Money Advance and accrued interest thereon when due in accordance with the terms of the Note, whether by acceleration or otherwise, and have no Money Advance outstanding hereunder contrary to any provisions, limitations or restrictions hereof.
At the time of each Money Advance, Borrower must: (i) submit a completed loan request on a form acceptable to Bank; and (ii) deliver to Bank a true and accurate copy of each invoice or other documents of transfer for Eligible Equipment (identifying said item as Eligible New Equipment or Eligible Used Equipment) being purchased by the use of the proceeds of the Money Advance requested.
Each item of Eligible Equipment, as of the date of the request for the Money Advance, meets the criteria therefor as herein set forth.
Subject to the terms and conditions hereof, Secured Party agrees that, from time to time from the date hereof to but excluding the Maturity Date, upon receipt and approval by Secured Party in its sole discretion of a Financing Request Package, Secured Party may make a Purchase Money Advance up to the Purchase Money Advance Limit.
Pay all Indebtedness when due, including the principal amount of each Money Advance and accrued interest thereon, in accordance with the terms of this Agreement, whether by acceleration or otherwise.
Each Purchase Money Advance shall be paid directly by Secured Party to the relevant Supplier for the account of Debtor.
The proceeds of each Money Advance must be used to purchase Eligible Equipment or to pay off other lenders for amounts owed on Equipment traded in for Eligible Equipment or with respect to the prior purchase of Eligible Equipment.
Crestmark will debit the Loan Account the amount of each Money Advance or expense when made or incurred.
HCA shall debit the Loan Account the amount of each Money Advance or expense when made or incurred.
Each item of Eligible Inventory, as of the date of each request for a Money Advance with respect thereto, meets the criteria set forth in Section 1.13.