Total Advanced Loan Amount definition
Total Advanced Loan Amount means (1) the sum of (a) the Initial Loan Amount, (b) the amount of any previously funded Future Advances, and (c) if applicable, any then requested Future Advance Amount, less (2) the amount of any partial prepayments previously made, which Total Advanced Loan Amount shall not exceed $110,600,000.00; provided that, notwithstanding anything herein to the contrary, but subject to any applicable adjustments referenced in clause (2) above, on and after the Future Advance Outside Date, the Total Advanced Loan Amount shall be $110,600,000.00. Lender hereby acknowledges that on the date hereof Borrower prepaid the Loan in the amount of $14,600,000.00 such that the Total Advanced Loan Amount currently outstanding as of the date hereof is $84,000,000.00, and once the Loan is fully advanced after the date hereof, the outstanding Total Advanced Loan Amount shall be no more than $96,000,000.
Total Advanced Loan Amount means (1) the sum of (a) the Initial Loan Amount, (b) the amount of any previously funded Future Advances, and (c) if applicable, any then requested Future Advance Amount, less (2) the amount of any partial prepayments previously made, which Total Advanced Loan Amount shall not exceed $110,600,000.00; provided that, notwithstanding anything herein to the contrary, but subject to any applicable adjustments referenced in clause (2) above, on and after the Future Advance Outside Date, the Total Advanced Loan Amount shall be $110,600,000.00.
Examples of Total Advanced Loan Amount in a sentence
At all times during the term of the Loan (including during any Extension Term), Borrower shall maintain in effect an Interest Rate Protection Agreement with an initial notional amount equal to the amount of the Total Advanced Loan Amount and with a Counterparty reasonably acceptable to Agent having a Minimum Counterparty Rating.