Additional Loan Advance definition

Additional Loan Advance means a further drawing (including, but not limited to, Further Advances) in respect of Loans sold by the Seller to the Guarantor LP;
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Additional Loan Advance means an advance made by an Additional Lender pursuant to Section 2.16.(c). From and after the making of an Additional Loan Advance, such Additional Loan Advance shall comprise a portion of the Loan.
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Additional Loan Advance has the meaning given in Section 2.1.
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Examples of Additional Loan Advance in a sentence

  • For greater certainty, it is hereby confirmed that all present and future Additional Loan Advances sold to the Guarantor pursuant to the terms hereof will have the benefit of the applicable Related Security and upon sale by the Seller to the Guarantor of any such Additional Loan Advance (together with its applicable Related Security) the Seller shall have no interest therein.

  • All Additional Loan Advances in the Covered Bond Portfolio will be funded in accordance with the terms of the Intercompany Loan Agreement and the Guarantor Agreement, will be sold and transferred to the Guarantor at the time such Additional Loan Advance is originated and disbursed to the Borrower, and upon transfer to the Guarantor (together with its applicable Related Security) shall be deemed to form part of the applicable Loan and Related Security.

  • Each Additional Loan Advance shall be deemed to form part of the applicable Loan and Related Security and have the benefit thereof.

  • The sale by the Seller of any Portfolio Assets to the Purchaser shall not include any obligation to pay any Additional Loan Advance (if any), or any other such obligation relating to payment of funds to a Borrower in respect of such Loans which obligation shall at all times, and notwithstanding the sale of such Portfolio Assets to the Purchaser, remain an obligation of the relevant Seller and the Seller shall have the right to fund such Additional Loan Advances.

  • For greater certainty, it is hereby confirmed that all present and future Additional Loan Advances sold to the Acquirer pursuant to the terms hereof will have the benefit of the applicable Related Security and upon sale by the Originator to the Acquirer of any such Additional Loan Advance (together with its applicable Related Security) the Originator shall have no interest therein.

  • All Additional Loan Advances in respect of the Loans and their Related Security in the Covered Bond Portfolio will be funded in accordance with the terms of the Intercompany Loan Agreement and the Guarantor Agreement, and each Additional Loan Advance shall be deemed to form part of the applicable Loan and Related Security and have the benefit thereof.

  • The Seller shall on each Calculation Date serve a completed Additional Loan Advance Notice on the LLP with a copy to the Security Trustee in the form of Schedule 14 (Additional Loan Advance Notice) which shall confirm for the previous Calculation Period whether any Additional Loan Advances were made, the date on which any such Additional Loan Advance was made and that each Additional Loan Advance meets the Eligibility Criteria.

  • The sale by the Seller of any Loans and their Related Security to the Purchaser shall not include any obligation on the part of the Purchaser to pay any Additional Loan Advance (if any), or any other such obligation relating to payment of funds to a Borrower in respect of such Loans which obligation shall at all times, and notwithstanding the sale of such Loans and their Related Security to the Purchaser, remain an obligation of the relevant Seller.

  • Nothing contained in this Section 14 shall be deemed or construed to be a release of any party’s rights or obligations under this Agreement, the Loan Document Amendments or any of the Original Loan Documents or of any Claim arising from events, acts or omissions occurring after the making of an Additional Loan Advance or that do not arise out of or relate to, or that are not connected with, the Original Loan or the transactions arising from or relating thereto.

  • Each Additional Loan Advance (if any) will be sold and transferred to the Guarantor at the time such Additional Loan Advance is originated and disbursed to the Borrower, and upon transfer to the Guarantor (together with its applicable Related Security) shall be deemed to form part of the applicable Loan and Related Security.


More Definitions of Additional Loan Advance

Additional Loan Advance means $40,000,000 to be advanced by Lender in connection with the execution and delivery of the Promissory Note.
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Additional Loan Advance shall have the meaning set forth in Section 2.3 hereof.
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Related to Additional Loan Advance

  • Additional Loan means the Eligible Loans evidenced by a Note or Notes sold from time to time during the Supplemental Purchase Period pursuant to an Additional Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Additional Loans means any Additional Revolving Loans and any Additional Term Loans.

  • 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).

  • 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.

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

  • Original Loan shall have the meaning set forth in the recitals hereto.

  • Equipment Advance is defined in Section 2.1.1.

  • Additional Loans Purchase Price means the dollar amount representing the aggregate purchase price of the related Additional Loans as specified in the applicable Additional Purchase Agreement (which, with respect to any Additional Loan purchased with funds on deposit in the Supplemental Purchase Account, will be equal to 100% of the aggregate principal balance of such Additional Loan, plus accrued interest to be capitalized).

  • Initial Loan is defined in Section 2.1.

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

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

  • Term Advance has the meaning specified in Section 2.01(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.

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • Initial Advance means the first Advance made pursuant to Article II.

  • Term Loan as defined in Section 2.1.

  • 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.

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

  • Extended Loan shall have the meaning assigned to such term in Section 2.26(a).

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

  • Term SOFR Advance means an Advance denominated in Dollars which, except as otherwise provided in Section 2.11, bears interest at the Adjusted Term SOFR Rate.

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

  • Educational loan means a loan made by the authority to an institution.