Working Advance definition

Working Advance means an Advance in Dollars made by Lenders under the Working Line Loan.
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Examples of Working Advance in a sentence

  • The Working Advance Report must have all original supporting documentation attached.

  • No Default or Event of Default shall have occurred and be continuing on such Working Advance Date or after giving effect to the Working Capital Advance requested by Borrower to be made on such date.

  • The Federation project manager will validate the Working Advance Report and follow up with any necessary action as appropriate.

  • Any Working Advance shall, at the option of the Borrower as provided in Section 2.2 hereof (and, in the case of LIBOR Advances, subject to availability and the provisions of Article 9 hereof), be made as a Base Rate Advance or a LIBOR Advance; provided that there shall not be outstanding to any Lender, at any one time, more than ten LIBOR Advances that are Working Advances.

  • The Federation will validate the request to ensure compliance with the budget and these terms and conditions; once approved, will forward the Working Advance Payment Request Form to the Federation Finance Department for payment.

  • Once approved, he/she will forward the Working Advance Report to the Federation Finance Department for recording in the Federation’s accounting system.

  • Allocation and use of the Funding shall be in accordance with the revised Project Budget (Attachment 2), the Procedures for Working Advance payments (Attachment 3), and the Federation General Terms and Conditions for Project Support to National Societies (Attachment 4).

Related to Working Advance

  • Property Advance means an advance made in respect of property protection expenses or expenses incurred to protect, preserve and enforce the security for the Mortgage Loan or to pay taxes and assessments or insurance premiums with respect to the Mortgaged Property.

  • Servicing Advance shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

  • Periodic Advance The aggregate of the advances required to be made by a Servicer on any Distribution Date pursuant to its Servicing Agreement or by the Master Servicer or the Trustee hereunder, the amount of any such advances being equal to the total of all Monthly Payments (adjusted, in each case (i) in respect of interest, to the applicable Mortgage Interest Rate less the applicable Servicing Fee in the case of Periodic Advances made by a Servicer and to the applicable Net Mortgage Interest Rate in the case of Periodic Advances made by the Master Servicer or Trustee and (ii) by the amount of any related Debt Service Reductions or reductions in the amount of interest collectable from the Mortgagor pursuant to the Soldiers' and Sailors' Civil Relief Act of 1940, as amended, or similar legislation or regulations then in effect) on the Mortgage Loans, that (x) were delinquent as of the close of business on the related Determination Date, (y) were not the subject of a previous Periodic Advance by such Servicer or of a Periodic Advance by the Master Servicer or the Trustee, as the case may be and (z) have not been determined by the Master Servicer, such Servicer or Trustee to be Nonrecoverable Advances.

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • 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.