Reserve Advance definition

Reserve Advance. Defined in Section 2.7(c)(i).
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Reserve Advance shall have the meaning specified in Section 5.1(c).
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Reserve Advance. Amounts advanced from the Reserve Account in accordance with Section 5.1(b) hereof.
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Examples of Reserve Advance in a sentence

  • The undersigned hereby requests that a [Class A Ordinary Advance] [Class A Reserve Advance] be made in the aggregate principal amount of € on [●] 20[●].

  • Notwithstanding the foregoing sentence and subject to the other provisions hereof, on each date that an Accrued Interest Payment becomes due and payable hereunder, Lender shall make an Interest Reserve Advance hereunder in the amount of such Accrued Interest Payment, which shall be applied to the Accrued Interest Payment then due and payable, until the Interest Reserve has been fully exhausted.

  • The proceeds from the Debt Service Reserve Advance shall be deposited into the Debt Service Reserve Account.

  • Provided that Borrower met all of the Advance Conditions for an Interest Reserve Advance, upon Lender funding such Interest Reserve Advance hereunder, the corresponding Accrued Interest Payment for such month shall be deemed to be satisfied.

  • Upon each Interest Reserve Advance, irrespective of whether the Advance Conditions were met, (i) the amount of remaining Interest Reserve (if any) shall be reduced by the amount of such Interest Reserve Advance and (ii) such Interest Reserve Advance funded by Lender hereunder shall automatically become principal outstanding under this Note upon such funding.

  • Proceeds from any Class A Reserve Advance shall be deposited into the Issuer Reserve Account.

  • Advance deposits - investment in LVMWD/TSD Joint Venture – Pursuant to the Joint Powers Agreement, each participant is required to maintain advance deposits with the LVMWD/TSD Joint Venture for the following purposes: Operating Reserve Advance Account – Both participants are required to advance amounts estimated to provide for three months operating expenses.

  • Replacement Reserve Advance Account – Both participants are required to advance amounts for the cost to replace existing assets.

  • Notwithstanding the foregoing sentence, on each date that an Accrued Interest Payment becomes due and payable hereunder, provided that the Advance Conditions are then satisfied and that a sufficient amount of Interest Reserve is available for the funding of an Interest Reserve Advance, Lender shall make an Interest Reserve Advance hereunder in the amount of such Accrued Interest Payment which shall be applied to the Accrued Interest Payment then due and payable.

  • From the interest commencement dates set forth in Section 2.1.5 above, payments shall be made on each Payment Date of all accrued interest due and owing as of such Payment Date, which is currently calculated to be in the sum of $1,411.67 based on the maximum aggregate amount of the Initial Advance and any Reserve Advance.


More Definitions of Reserve Advance

Reserve Advance shall have the meaning set forth in Section 5.1(b) hereof.
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Reserve Advance shall have the meaning set forth in Section 1.1 of the Security Agreement.
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Reserve Advance has the meaning set forth in Section 4.6.
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Related to Reserve Advance

  • Revolving Advance has the meaning given in Section 2.1.

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • Administrative Advance shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

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

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

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Interest Reserve Loan Each Actual/360 Mortgage Loan.

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

  • Agent Advances has the meaning set forth in Section 2.3(e)(i).

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

  • Revolver Loan a loan made pursuant to Section 2.1, and any Swingline Loan, Overadvance Loan or Protective Advance.

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

  • Equipment Advance is defined in Section 2.1.1.

  • 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.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Term Loan as defined in Section 2.1.

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Revolving Loan has the meaning specified in Section 2.01(a).

  • Protective Advance has the meaning assigned to such term in Section 2.04.

  • Overadvance Loan means a Base Rate Loan made when an Overadvance exists or is caused by the funding thereof.

  • 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.

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