Term Advance has the meaning specified in Section 2.01(a).
Interest Advance means an Advance made pursuant to Section 2.02(a).
Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).
Term SOFR Advance means an Advance that bears interest at a rate based on clause (a) of the definition of Term SOFR.
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.
Loan Advance The meaning specified in Section 2.2(a).
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.
Initial Advance means the first Advance made pursuant to Article II.
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.
Equipment Advance is defined in Section 2.1.1.
Non-Extension Advance means an Advance made pursuant to Section 2.02(b).
Term Loan Advances are each defined in Section 2.1.1(a).
Final Advance means an Advance made pursuant to Section 2.02(d).
Tranche B Term Note shall have the meaning provided in Section 1.05(a).
Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:
Term SOFR Loan means a Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.
Term Loan as defined in Section 2.1.
Tranche A Advance means an Advance made by a Bank under Tranche 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).
Additional Advance means each additional loan that is made under an RBC Homeline Plan after the initial advance, including any new or additional advances, increases to principal, or further borrowings or extensions of the term, including in the case of any fluctuating account or accounts, revolving loans, or lines of credit, additional segments of such facilities made after the initial advance. They are referred to collectively as Additional Advances.
New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.
Closing Date Term Loan Commitment means the commitment of each Lender to make Term Loans on the Closing Date hereunder in an aggregate principal amount not to exceed the amount set forth under the heading “Closing Date Term Loan Commitment” opposite its name in Schedule 2.01 hereto. The aggregate amount of the Closing Date Term Loan Commitments as of the Closing Date is $1,150,000,000.
PMI Advance As defined in the related Servicing Agreement, if applicable.
Incremental Term Loan Note means a promissory note made by the Borrower in favor of an Incremental Term Lender evidencing the Incremental Term Loans made by such Incremental Term Lender, and any amendments, supplements and modifications thereto, any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.
Tranche B Term Loan as defined in Section 2.1.
Term Loan A Note means a promissory note made by the Borrower in favor of a Term Loan A Lender evidencing the portion of the Term Loan A made by such Term Loan A Lender, substantially in the form of Exhibit C-1.