Term Advance B definition

Term Advance B means the cash advance made under Section 2.1.1.
Term Advance B has the meaning given to such term in Section 1.14 of this Agreement.

Examples of Term Advance B in a sentence

  • Borrowers shall pay equal monthly principal reduction payments on the Term Advance B, each in the amount of $55,555.56.

  • Borrowers may prepay the Term Advance B at any time, in whole or in part, without penalty or premium, except as otherwise provided in Section 2.2(a).

  • On the Term Advance B Maturity Date, Borrowers shall pay the entire remaining outstanding principal balance of the Term Advance B in full.

  • Lender will initiate debit entries to Borrower’s account as authorized on the ACH Authorization on each payment date of all periodic obligations payable to Lender in respect of the Term Advance B.

  • The entire Term Advance B principal balance and all accrued but unpaid interest hereunder shall be due and payable on November 1, 2016.

  • If this position materialises it would result in a surplus on the Collection Fund which would be distributed for use in 2014/15.

  • In order to validate these scores, it is advisable to also have a number of experts score the SJQs (i.e. collecting the so-called expert opinions).

  • Subject to the terms and conditions hereof, Lender agrees to make a term loan ("Term Advance B ") to Borrowers on the Term Advance B Closing Date, in an amount equal to the Term Advance B Commitment.

  • Lender shall fund Term Advance B in the manner requested by the Term B Advance Request provided that each of the conditions precedent to Term Advance B is satisfied as of the requested Advance Date.

  • To obtain Term Advance B, Borrower shall complete, sign and deliver a Term B Advance Request in substantially the form attached hereto to Lender.

Related to Term Advance B

  • 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).

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

  • Equipment Advance is defined in Section 2.1.1.

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

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

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

  • 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.

  • 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.

  • Term Loan as defined in Section 2.1.

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

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Term A Loans has the meaning specified in Section 2.01(b).

  • 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.

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that, such Loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.

  • 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.

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

  • 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.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • 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.

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • Term A Loan is defined in Section 2.2(a)(i) hereof.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).