Return Advance definition

Return Advance. As defined in Section 2.1.
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Examples of Return Advance in a sentence

  • Each Borrowing Notice shall be irrevocable and shall specify the principal amount of the requested Return Advance (which shall not be less than $400,000 and increments of $1,000 in excess thereof) and the Payment Date on which such Return Advance is to be made.

  • If any Tax Return of Advance or any of its Subsidiaries was not filed on or before the applicable due date for such Tax Return, Advance or its Subsidiary, as the case may be, filed a timely request for an extension of time within which to file such Tax Return.

  • On the date of each Return Advance, upon satisfaction of the applicable conditions precedent set forth in Article III, the Lender shall deposit or cause to be deposited to the account specified by the Borrower in the Borrowing Notice, in immediately available funds, no later than 4:30 p.m. (New York time), the amount of such Return Advance.

Related to Return Advance

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

  • Tax Advance has the meaning set forth in Section 6.02(a).

  • SOFR Advance means an Advance that bears interest at a rate based on Term SOFR.

  • 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.

  • Revolving Advance has the meaning given in Section 2.1.