Prior Advances definition

Prior Advances has the meaning ascribed to it in the Recitals.
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Prior Advances means, as of the date of determination, the aggregate principal amount, if any, then outstanding of any "Advances" (as defined in the 1995 Agreement) made to Operations and outstanding under the Operations Note.
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Prior Advances means, as of any date, all unreimbursed Advances and all accrued but unpaid interest thereon at the Advance Interest Rate. Proceeds has the meaning stated in the Mortgage.
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Examples of Prior Advances in a sentence

  • Fees & Expenses Paid by/to Servicer 0.00 Interest Paid to Servicer on Outstanding Advances 0.00 ASER Interest Advance Reduction 0.00 Interest Not Advanced (Current Period) 0.00 Recoup of Prior Advances by Servicer 0.00 Servicing Fees Paid Servicer on Loans Not Advanced 0.00 Misc.

  • The first five Tranches have already been advanced and are reflected in the Prior Advances, which Prior Advances shall be incorporated hereunder at the Initial Closing.

  • The Company hereby acknowledges and agrees that the Purchaser made the Prior Advances to the Company prior to the date hereof, and that the amount of such Prior Advances is included in the principal amount hereof and shall accrue interest and be subject to prepayment and conversion in the same manner as the rest of the principal amount and accrued interest under this Debenture.

  • The Company shall use the proceeds of the Debenture solely as follows: (a) to pay off the Prior Advances in full, (b) for the acquisition or development of marihuana facilities, proposed marihuana facilities and marihuana products, and the costs associated with such acquisitions and development efforts, and (c) for general working capital purposes.

  • Subject to the satisfaction of the terms and conditions herein set forth and in reliance upon the respective representations and warranties of the Credit Parties set forth herein and in the other Operative Documents, at the Closing the Company shall sell to the Purchaser the Debenture, for an aggregate amount of up to $114,734,209.00, which amount is inclusive of the aggregate amount of all Prior Advances (the “Maximum Principal Amount”).

  • The loans or advances referred to in Sections 2.01(a) and 2.01(b) previously made to the Borrower under the Existing Credit Agreement and outstanding on the Effective Date (collectively, the “Outstanding Prior Advances”), which Outstanding Prior Advances aggregate $[486,293,181.44] in principal amount, are herein called the “Term Loans”.

  • All Prior Advances, currently outstanding under the 1995 Agreement shall be evidenced by a Note dated of even date herewith executed by Operations, payable to the order of the Bank in the amount of the outstanding balance of such Prior Advances as of the date hereof, substantially in the form of EXHIBIT 2.02A (the "OPERATIONS NOTE").

  • Advances Reimbursed (1) Prior Advances that have been recovered 20,487.82 (2) Uncollectible Advances .00 I.

  • All sums advanced on the Credit Line pursuant to the Agreement or as Prior Advances shall become part of the principal of the Promissory Note.

  • The shares of Common Stock that may be issued to NAHL on conversion of the Prior Advances or Additional Advances (the “Shares”) shall, if and when issued, be duly and validly issued, fully paid and non-assessable, and not be issued in violation of any preemptive or similar rights.


More Definitions of Prior Advances

Prior Advances means the collective reference to the sum of approximately $1,083,000, representing (a) a loan of $325,000 made by IPG to the Borrower and evidenced by the Prior Note, (b) the $18,500 loan from Global Asset Fund Ltd. (“GAF”) originally evidenced by the GAF Note which was purchased by the Lenders from GAF; (c) approximately $380,000 of other loans and Advances made by the Lenders to the Borrower prior to the Execution Date of this Agreement, (d) $300,000 advanced by IPG to the Borrower to enable the Borrower to obtain website design and related services from The Groop Inc., (e) $25,000 paid by the Lenders to defray legal fees owed to Lender’s counsel in connection with legal services provided in respect of prior loan documents, and (f) approximately $34,500 of accrued and unpaid interest (at the rate of 9% per annum) on the loans and advances referred to in clauses (a) through (e) above.
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Prior Advances means the collective reference to the sum of approximately $723,000, representing (a) a loan of $325,000 made by the Lender to the Borrower and evidenced by the Prior Note, (b) the $18,000 loan from Global Asset Fund Ltd. (“GAF”) originally evidenced by the GAF Note which was purchased by the Lender from GAF; and (c) approximately $380,000 of other loans and Advances made by the Lender to the Borrower prior to the Execution Date of this Agreement.
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Prior Advances means, as of the Effective Date, the aggregate sum of $1,311,000, which each party hereto acknowledges has been previously paid to ANI by NVC.
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Related to Prior Advances

  • or "Advances means a cash advance or cash advances under the Revolving Facility.

  • Revolving Advances means Advances made other than Letters of Credit.

  • Cash Advances These are from cash advances and cash equivalent transactions you make with your account. “Special Offers” These are from your use of the account to take advantage of special, introductory, or promotional offers we make available to you at times. Each such transaction may be kept track of separately on your statement and may be treated as its own Balance Category.

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

  • Outstanding Advances means, with respect to a Receivable and the last day of a Collection Period, the sum of all Advances made as of or prior to such date, minus (1) all payments or collections as of or prior to such date which are specified in Section 4.04(b) and (c) as applied to reimburse all unpaid Advances with respect to such Receivable and (2) all amounts for which the Servicer has deemed to have released all claims for reimbursement of Outstanding Advances pursuant to Section 3.08.

  • Existing Loans shall have the meaning assigned to such term in Section 2.21(a).

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

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • LIBO Rate Advances means a Competitive Bid Advance denominated in Dollars or in any Foreign Currency and bearing interest based on the LIBO Rate.

  • Fixed Rate Advances has the meaning specified in Section 2.03(a)(i).

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.

  • Revolving Loans has the meaning set forth in Section 2.1(a).

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Revolving Advance has the meaning given in Section 2.1.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

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

  • Pending Revolving Loans means, at any time, the aggregate principal amount of all Revolving Loans requested in any Notice of Borrowing received by the Agent which have not yet been advanced.

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • Existing Revolving Loans has the meaning specified in Section 2.7(a).

  • Term Loan as defined in Section 2.1.

  • Permitted Intercompany Advances means loans made by (a) a Loan Party to another Loan Party, (b) a Subsidiary of a Borrower that is not a Loan Party to another Subsidiary of a Borrower that is not a Loan Party and (c) a Subsidiary of a Borrower that is not a Loan Party to a Loan Party, so long as the parties thereto are party to the Intercompany Subordination Agreement.

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

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

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

  • Advances shall have the meaning set forth in the Lead Securitization Servicing Agreement.