The initial proceeds of the Term II Advance shall be used by Borrower to repay in full the outstanding amounts owing to Bank with respect to the Term Advance and other existing Subordinated Debt owing to Link Ventures LLLP.
On the date hereof, Borrower shall repay in full the outstanding Term II Advance, and all accrued and unpaid interest thereon.
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 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).
Tranche A Advance has the meaning specified in Section 2.01(a).
Loan Advance The meaning specified in Section 2.2(a).
Revolving Advance has the meaning given in Section 2.1.
Equipment Advance is defined in Section 2.1.1.
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).
Agent Advance shall have the meaning provided in Section 2.01(e).
Eligible advance means an advance made before August 19, 1993.
Incremental Loan has the meaning set forth in Section 2.14(b).
Non-Extension Advance means an Advance made pursuant to Section 2.02(b).
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 SOFR Loan means a Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.
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.
Tranche A Loan shall have the meaning set forth in Section 2.01(a).
Term Loan as defined in Section 2.1.
Tranche C Loan has the meaning specified in Section 2.01(c).
P&I Advance means an advance made by a party to any Securitization Servicing Agreement in respect of a delinquent monthly debt service payment on the Note(s) securitized pursuant to such Securitization Servicing Agreement.
Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.
Term C Loan is defined in Section 2.2(a)(iii) hereof.
Tranche C Term Loan as defined in Section 2.1.
New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).
Maximum Revolving Advance Amount means $25,000,000.