Sub-Loan Advance Period definition

Sub-Loan Advance Period has the meaning set forth in Section 3.10 below.
Sample 1
Sub-Loan Advance Period means a period of time from the Initial Sub-Loan Advance, determined with respect to each Sub-Loan and set forth in each Sub-Loan Agreement.
Sample 1

Examples of Sub-Loan Advance Period in a sentence

  • The term of this Agreement shall expire two (2) years from the Closing Date unless extended by an agreement in writing executed by the parties hereto; provided, however, each Sub-Loan will have its own Sub-Loan Advance Period as set forth in the Applicable Sub-Loan Agreement.

  • Lender shall have no obligation to make an Advance under any Sub-Loan: (i) more often than once during any calendar month, (ii) in an amount not less than $50,000 for each Advance, (iii) pursuant to a Request for Sub-Loan Advance received after the expiration of the applicable Sub-Loan Advance Period, or (iv) after the occurrence of an Incipient Default or an Event of Default.

  • As of the First Amendment Closing Date, the Sub-Loan Advance Period as such term is defined under the Master Facility Loan Agreement and the Sub-Loan Agreements, has expired and any obligation on the part of Lender to make any future Advance under the Master Facility Loan Agreement or any Sub-Loan Agreement is hereby terminated.

  • No Advances of any Sub-Loan will be made by Lender hereunder after the last day of the Sub-Loan Advance Period.

Related to Sub-Loan Advance Period

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

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

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

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • 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.

  • Maximum Revolving Advance Amount means $25,000,000.

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

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • 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).

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • Term Loan Availability Period means the period starting on the Effective Date and ending on the End Date.

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).

  • Aggregate Term Loan Commitment means the combined Term Loan Commitments of the Lenders, which shall initially be in the amount of $90,000,000, as such amount may be adjusted as permitted by this Agreement.

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

  • Term Loan Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Term Loan A has the meaning set forth in Section 2.2(a).

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • 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.

  • Tranche B Term Loan Lender each Lender that has a Tranche B Term Loan Commitment or is the holder of a Tranche B Term Loan.