Standard Advance definition

Standard Advance means the aggregate principal advances made by Bank to Borrower evidenced by this Note upon which the Standard Rate shall apply should the conditions in 2.2(b) occur.
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Standard Advance means an Advance under the Revolver made by Lenders to Borrowers based upon Availability pursuant to Section 2.1(a)(ii) hereof.
Sample 1
Standard Advance means an Advance made by Lenders to a Borrower based upon the credit availability created under subsection (a) of the definitions of Big Dog Borrowing Base and CSI Borrowing Base, as applicable.
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Examples of Standard Advance in a sentence

  • Thereafter, (x) the obligation of Bank to make any LIBOR Advances or to convert any portion of the loan to a LIBOR Advance shall be suspended until such notice shall be withdrawn by Bank, and (y) any request by Borrower for a LIBOR Advance shall be deemed to be a request for a Standard Advance.

  • To the extent that the Company delivers any Initial Standard Advance Date Deliverables for any Project prior to the Deliverables Submission Deadline, the Company shall be entitled to revise and re-submit such Initial Standard Advance Date Deliverables from time to time prior to the Deliverables Submission Deadline.

  • Thereafter, (x) the obligation of Bank to make any LIBOR Advances or to convert any portion of the loan to a LIBOR Advance shall be suspended until such notice be withdrawn by Bank, and (y) any request by Borrower for a LIBOR Advance shall be deemed to be a request for a Standard Advance.

  • The Company shall have certified in the Company’s Initial Standard Advance Certificate that such Construction Management Agreement, Construction Contracts and Trade Contracts satisfy the requirements of this Section 3.3.2 and are consistent with the Project Budget, the Project Schedule and the Plans and Specifications for such Project.

  • The failure of the Company to cause the Initial Standard Advance Date for the Four Seasons Macao Overall Project to occur by May 26, 2007.

  • To the Company’s knowledge, the Project Schedule for each Active Project accurately specifies in summary form the work that the Company, the Construction Manager and each Contractor propose to complete in each calendar month from the Initial Standard Advance Date for such Project through the Final Completion Date for such Project, all of which is expected to be achieved.

  • The Disbursement Agent and the Bank Agent shall use reasonable efforts to review the Initial Standard Advance Date Deliverables and respond to the Company as soon as practicable after their receipt thereof.

  • The Project Budget for such Secondary Project shall be reasonably satisfactory to the Bank Agent and the Construction Consultant (as and to the extent certified to in the Construction Consultant’s Initial Standard Advance Date Certificate for such Project).

  • The Company shall have certified in the Company’s Initial Standard Advance Certificate that such Construction Contracts and Trade Contracts satisfy the requirements of this Section 3.1.2 and are consistent with the Project Budget, the Project Schedule and the Plans and Specifications for such Projects.

  • Exhibit M shall be updated by the Company as a condition precedent to the Initial Standard Advance Date for each Active Project under Sections 3.1, 3.2 and 3.3, and such updates shall be effective concurrently with the Initial Standard Advance Date for the applicable Project.


More Definitions of Standard Advance

Standard Advance means any loan made by Bank to Borrower evidenced by this Note upon which the Standard Rate shall apply.
Sample 1

Related to Standard Advance

  • 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.

  • Periodic Advance The aggregate of the advances required to be made by a Servicer on any Distribution Date pursuant to its Servicing Agreement or by the Master Servicer or the Trustee hereunder, the amount of any such advances being equal to the total of all Monthly Payments (adjusted, in each case (i) in respect of interest, to the applicable Mortgage Interest Rate less the applicable Servicing Fee in the case of Periodic Advances made by a Servicer and to the applicable Net Mortgage Interest Rate in the case of Periodic Advances made by the Master Servicer or Trustee and (ii) by the amount of any related Debt Service Reductions or reductions in the amount of interest collectable from the Mortgagor pursuant to the Soldiers' and Sailors' Civil Relief Act of 1940, as amended, or similar legislation or regulations then in effect) on the Mortgage Loans, that (x) were delinquent as of the close of business on the related Determination Date, (y) were not the subject of a previous Periodic Advance by such Servicer or of a Periodic Advance by the Master Servicer or the Trustee, as the case may be and (z) have not been determined by the Master Servicer, such Servicer or Trustee to be Nonrecoverable Advances.

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

  • Unpaid Advance has the meaning assigned to such term in Section 2.05.

  • Revolving Advance has the meaning given in Section 2.1.

  • Eligible advance means an advance made before August 19, 1993.

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

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.

  • Permitted Advance means an advance of funds by the Assuming Bank with respect to a Shared-Loss Loan, or the making of a legally binding commitment by the Assuming Bank to advance funds with respect to a Shared-Loss Loan, that (i) in the case of such an advance, is actually made, and, in the case of such a commitment, is made and all of the proceeds thereof actually advanced, within one (1) year after the Commencement Date, (ii) does not cause the sum of (A) the book value of such Shared-Loss Loan as reflected on the Accounting Records of the Assuming Bank after any such advance has been made by the Assuming Bank plus (B) the unfunded amount of any such commitment made by the Assuming Bank related thereto, to exceed 110% of the Book Value of such Shared-Loss Loan, (iii) is not made with respect to a Shared-Loss Loan with respect to which (A) there exists a related Shared-Loss Loan Commitment or (B) the Assuming Bank has taken a Charge-Off and (iv) is made in good faith, is supported at the time it is made by documentation in the Credit Files and conforms to and is in accordance with the applicable requirements set forth in Article III of this Commercial Shared- Loss Agreement and with the then effective written internal credit policy guidelines of the Assuming Bank; provided, that the limitations in subparagraphs (i), (ii) and (iii) of this definition shall not apply to any such action (other than to an advance or commitment related to the remediation, storage or final disposal of any hazardous or toxic substance, pollutant or contaminant) that is taken by Assuming Bank in its reasonable discretion to preserve or secure the value of the collateral for such Shared-Loss Loan.

  • Cash Advance means an advance or payment made in any currency or by travellers’ cheques, notes or other forms representing an amount of any currency by any Merchant, bank or other financial institution and shall include any amount paid by DBS for the credit of the Cardmember’s account(s) with any person which had issued to the Cardmember any credit or charge card(s).

  • Nonrecoverable Advance Any portion of an Advance previously made or proposed to be made by the Master Servicer that, in the good faith judgment of the Master Servicer, will not be ultimately recoverable by the Master Servicer from the related Mortgagor, related Liquidation Proceeds or otherwise.

  • Fixed Rate Advance means an Advance which bears interest at a Fixed Rate.

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

  • Monthly Advance The portion of each Monthly Payment that is delinquent with respect to each Mortgage Loan at the close of business on the Determination Date required to be advanced by the Company pursuant to Section 5.03 on the Business Day immediately preceding the Remittance Date of the related month.

  • Equipment Advance is defined in Section 2.1.1.

  • Servicer Advance or "Servicing Advance" as defined in the applicable Purchase and Servicing Agreement.

  • Emergency Advance Any Servicing Advance, whether or not it is a Servicing Advance that, pursuant hereto, the Special Servicer is required to make (at its sole discretion in accordance with the Servicing Standard) or to request the Master Servicer to make, that must be made within three (3) Business Days of the Special Servicer obtaining actual knowledge that it must be made in order to avoid any material penalty, any material harm to a Mortgaged Property securing a Serviced Mortgage Loan or Serviced Loan Combination or any other material adverse consequence to the Trust Fund.

  • Non-Recoverable Advance Any portion of an Advance previously made or proposed to be made by the Servicer that, in the good faith judgment of the Servicer, will not or, in the case of a current delinquency, would not, be ultimately recoverable by the Servicer from the related Mortgagor, related Liquidation Proceeds or otherwise with respect to the related Mortgage Loan.

  • LIBOR Rate Advance means an Advance which bears interest at a LIBOR Rate.

  • Floating Rate Advance means an Advance which bears interest at the Floating Rate.

  • Final Advance means an Advance made pursuant to Section 2.02(d).

  • Subservicer Advance Any delinquent installment of principal and interest on a Mortgage Loan which is advanced by the related Subservicer (net of its Subservicing Fee) pursuant to the Subservicing Agreement.

  • Delinquency Advance As defined in Section 8.09(a) hereof.

  • Property Advance means an advance made in respect of property protection expenses or expenses incurred to protect, preserve and enforce the security for the Mortgage Loan or to pay taxes and assessments or insurance premiums with respect to the Mortgaged Property.

  • Monthly P&I Advance An advance of funds by the Master Servicer pursuant to Section 4.02 or a Servicer pursuant to its Selling and Servicing Contract to cover delinquent principal and interest installments.