Revolving Advance definition

Revolving Advance has the meaning given in Section 2.1.

Revolving Advance means an advance by a Lender to the Borrower as part of a Borrowing, including a Base Rate Advance made pursuant to Section 2.03(c), but excluding any L/C Advance made as part of an L/C Borrowing and any Swingline Advance, and refers to a Base Rate Advance or a Eurodollar Rate Advance (each of which shall be a Type of Revolving Advance).

Revolving Advance means an Advance comprised of Revolving Loans.

Examples of Revolving Advance in a sentence

Borrower shall, at its expense, obtain a Property Valuation of each SFR Portfolio Property underlying an outstanding SFR Advance upon (i) the SFR 1-Year Anniversary with respect to such SFR Advance or (ii) the conversion of any Revolving Advance into an SFR Advance pursuant to Section 2.4(k).
At no time shall the aggregate amount of all outstanding Revolving Advances (including the amount of any Revolving Advance being requested) exceed the Revolving Advance Borrowing Base.
No portion of any Revolving Advance is to be used for personal, family or household purposes.
Each Revolving Advance shall be conclusively deemed to have been made at the request of and for the benefit of Borrower when paid in accordance with Xxxxxxxx’s written instructions.
In computing interest, the date of the making of any Revolving Advance shall be included and the date of payment shall be excluded; provided, however, that if any Revolving Advance is repaid on the same day on which it is made, such day shall be included in computing interest on such Revolving Advance.

Revolving Advance means an Advance consisting of Revolving Loans.

Revolving Advance means each advance made by Lender(s) pursuant to subsection 2.1(A).

Revolving Advance means any Advance comprised solely of Revolving Loans.

Revolving Advance or “Revolving Advances” means an advance (or advances) under the Revolving Line.

Revolving Advance means an advance made by Lender to Borrower pursuant to Section 2.1.