Project Year Initial Advance Date means (i) in the case of the Initial Project Year, the date in which all Project Year Initial Advance Conditions have been satisfied, and (ii) in the case of each Subsequent Project Year, September 1 provided that on such date all Project Year Initial Advance Conditions have been satisfied.

Examples of Project Year Initial Advance Date in a sentence

Unless at the time of any applicable Project Year Initial Advance Subordinate Lender has exercised its right to discontinue funding in accordance with Section 2.3, on each Project Year Initial Advance Date in Project Years 2014-2015, 2015-2016, 2016-2017 and 2017-2018, Subordinate Lender will advance to Borrower the first installment of the Subordinate Loan for such Project Year (the “Project Year Initial Advance”) equal to the applicable amount set forth in the applicable Project Year Funding Schedule.
Borrower hereby directs the advancement by Senior Lender of the amount of the Project Year Initial Advance on the Project Year Initial Advance Date as set forth below and, in that connection, pursuant to the certificate attached hereto certifies that, subject to the Senior Lender’s acceptance of Borrower’s proposal below, the Project Year Initial Advance Conditions have been satisfied.
Borrower hereby directs the advancement by Subordinate Lender of the amount of the Project Year Initial Advance on the Project Year Initial Advance Date as set forth below and, in that connection, pursuant to the certificate attached hereto certifies that, subject to the Subordinate Lender’s acceptance of Borrower’s proposal below, the Project Year Initial Advance Conditions have been satisfied.
Unless at the time of any applicable Project Year Initial Advance NT Senior Lender has exercised its right to discontinue funding in accordance with Section 2.3, on each Project Year Initial Advance Date in Project Years 2014-2015, 2015-2016, 2016-2017 and 2017-2018, Senior Lender will advance to Borrower the first installment of the Senior Loan for such Project Year (the “Project Year Initial Advance”) equal to the applicable amount set forth in the applicable Project Year Funding Schedule.
Unless at the time of any applicable Project Year Initial Advance GSSIF Senior Lender has exercised its right to discontinue funding in accordance with Section 2.3, on each Project Year Initial Advance Date in Project Years 2014-2015, 2015-2016, 2016- 2017 and 2017-2018, Senior Lender will advance to Borrower the first installment of the Senior Loan for such Project Year (the “Project Year Initial Advance”) equal to the applicable amount set forth in the applicable Project Year Funding Schedule.
Borrower hereby directs the advancement by Senior Lender of the amount of the Project Year Initial Advance on the Project Year Initial Advance Date as set forth below and, in that connection, pursuant to the certificate attached hereto certifies that, subject to the Senior Lender’s acceptance of Xxxxxxxx’s proposal below, the Project Year Initial Advance Conditions have been satisfied.
Borrower hereby directs the advancement by Subordinate Lender of the amount of the Project Year Initial Advance on the Project Year Initial Advance Date as set forth below and, in that connection, pursuant to the certificate attached hereto certifies that, subject to the Subordinate Xxxxxx’s acceptance of Borrower’s proposal below, the Project Year Initial Advance Conditions have been satisfied.

Related to Project Year Initial Advance Date

Initial Advance means the first Advance made pursuant to Article II.
Advance Date means the funding date of any Advance.
Draw Date means, with respect to any Insured Distribution Date, the third Business Day immediately preceding such Insured Distribution Date.
Credit allowance date means with respect to any qualified equity investment:
Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.
Class A-1 Final Scheduled Payment Date means the Payment Date occurring in August 2024.
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.
Class A-2 Final Scheduled Payment Date means the Payment Date occurring in February 2027.
Loan Year With respect to any Mortgage Loan, the one year period commencing on the day succeeding the origination of such Mortgage Loan and ending on the anniversary date of such Mortgage Loan, and each annual period thereafter.
Draw Down Pricing Period means a period of twenty-two (22) consecutive Trading Days beginning on the date specified in the Draw Down Notice (as defined in Section 5.1(f) herein); provided, however, the Draw Down Pricing Period shall not begin before the day on which receipt of such notice is confirmed by the Purchaser.
Class A-1 Final Scheduled Distribution Date means the Distribution Date.
Class C Final Scheduled Payment Date means the Payment Date occurring in December 2024.
Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).
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.
Class B Final Scheduled Payment Date means the Payment Date occurring in June 2021.
Incremental Available Transfer Capability Revenue Rights means the rights to revenues that are derived from incremental Available Transfer Capability created by the addition of Merchant Transmission Facilities or of one of more Customer-Funded Upgrades.
Available Incremental Amount has the meaning specified in Section 2.14(4)(c).
Estimated Incremental Quarterly Tax Amount has the meaning assigned to such term in Section 6.9.
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).
Class A-3 Final Scheduled Payment Date means the Payment Date occurring in April 2027.
Incremental Term Loan Installment Date shall have, with respect to any Class of Incremental Term Loans established pursuant to an Incremental Assumption Agreement, the meaning assigned to such term in Section 2.10(a)(ii).
Monthly Date means the last Business Day of each calendar month.
Fixed Incremental Amount shall have the meaning assigned to such term in the definition of “Maximum Incremental Facilities Amount”.

Project Year Initial Advance Date definition

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