Advance definition

Advance. Any P&I Advance or Servicing Advance.

Advance means any P&I Advance or Property Advance made with respect to any of the Notes, the Mortgage Loan or the Mortgaged Property pursuant to the Note A-1 PSA or the Note A-2 PSA.

Advance means the portion of the Commitment Amount requested by the Company in the Advance Notice.

Examples of Advance in a sentence

• Cash Withdrawal / Cash Advance: Refers to withdrawal of cash funds, against interest and/or fee, out of the credit card cash withdrawal limit, from the Bank, the Bank’s ATMs, the Merchants providing the cash payment facility, the Bank’s Internet Branch or other channels designated by the Bank, by using the Credit Card and through transfer to accounts.

• Lender shall have the right to communicate with any person to verify the facts disclosed by the list or by any application for any Advance, or for any other purpose.

• In addition, any Advance of funds under this Agreement, including without limitation direct disbursements to the general contractor or other parties in payment of sums due under the Construction Contract, shall be deemed to have been expended by or on behalf of Xxxxxxxx and to have been secured by the Mortgage or Deed of Trust on the Property.

• Right to Advance Funds: When any event occurs that Lender determines may endanger completion of the Project or the fulfillment of any condition or covenant in this Agreement, Lender may require Borrower to furnish, within ten (10) days after delivery of a written request, adequate security to eliminate, reduce, or indemnify Lender against such danger.

• The making of any Advance by Lender shall not constitute or be interpreted as either (a) an approval or acceptance by Lender of the work done through the date of the Advance, or (b) a representation or indemnity by Lender to any party against any deficiency or defect in the work or against any breach of any contract.

More Definitions of Advance

Advance means a disbursement of Loan funds made, or to be made, to Borrower or on Borrower's behalf on a line of credit or multiple advance basis under the terms and conditions of this Agreement.

Advance means an advance by a Lender to a Borrower as part of a Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Advance.

Advance. As to any Mortgage Loan, any advance made by the Master Servicer, pursuant to Section 4.04.

Advance. As to any Mortgage Loan or REO Property, any advance made by the Servicer in respect of any Distribution Date pursuant to Section 4.04.

Advance or “Advances” means a cash advance or cash advances under the Revolving Line.

Advance means a borrowing hereunder, (i) made by some or all of the Lenders on the same Borrowing Date, or (ii) converted or continued by the Lenders on the same date of conversion or continuation, consisting, in either case, of the aggregate amount of the several Loans of the same Type and, in the case of Eurodollar Loans, for the same Interest Period. The term "Advance" shall include Swing Line Loans unless otherwise expressly provided.

Advance or “Advances” means an advance (or advances) under the Revolving Line.