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.
PMI Advance As defined in the related Servicing Agreement, if applicable.
Term SOFR Advance means an Advance that bears interest at a rate based on clause (a) of the definition of Term SOFR.
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.
Loan Advance The meaning specified in Section 2.2(a).
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).
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.
Interest Advance means an Advance made pursuant to Section 2.02(a).
Tranche A Advance means an Advance made by a Bank under Tranche A.
Equipment Advance is defined in Section 2.1.1.
Term Advance has the meaning specified in Section 2.01(a).
Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).
Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.
Simple Interest Advance means, with respect to a Simple Interest Receivable, the amount, as of the last day of a Collection Period, which is advanced with respect to such Simple Interest Receivable by the Servicer pursuant to Section 4.4(a) of the Sale and Servicing Agreement.
Advance Payment means a payment that a federal awarding agency or passthrough entity makes by any appropriate payment mechanism, including a predetermined payment schedule, before the non-federal entity disburses the funds for program purposes.
Term SOFR Loan means a Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.
New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).
Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.
Servicer Advance or "Servicing Advance" as defined in the applicable Purchase and Servicing Agreement.
Revolving Advance has the meaning given in Section 2.1.
Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).
Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.
SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.
Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.
Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.
Maximum Revolving Advance Amount means $25,000,000.