Advance Limitations definition

Advance Limitations means that the Borrower will be permitted to request Advances (i) on the initial Borrowing Date and (ii) no more than once during the six (6)-month period commencing on the first Business Day after such initial Borrowing Date and each subsequent six (6)-month period thereafter; provided that, notwithstanding the foregoing, the Borrower shall be permitted to request the following additional Advances: (A) Advances in connection with any Takeout Transaction, and upon the making of such Advances, a new six (6)-month period shall commence for purposes of this definition and the Borrower shall not be permitted to request additional Advances more than once during such six (6)-month period and each subsequent six (6)-month period, except as otherwise expressly set forth herein, and (B) Advances permitted with the consent of the Majority Lenders.
Sample 1Sample 2
Advance Limitations means that the Borrower will be permitted to request Advances (i) on the initial Borrowing Date and (ii) no more than once during the six (6)-month period commencing on the first Business Day after such initial Borrowing Date and each subsequent six (6)-month period thereafter; provided that, notwithstanding the foregoing, the Borrower shall be permitted to request the following additional Advances: (A) Advances in connection with any Takeout Transaction, and upon the making of such Advances, a new six (6)-month period shall commence for purposes of this definition and the Borrower shall not be permitted to request additional Advances more than once during such six (6)-month period and each subsequent six (6)-month period, except as otherwise expressly set forth herein, and (B) Advances permitted with the consent of the Majority Lenders. [***] = Certain information has been excluded from this exhibit because it is both not material and would likely cause harm to the company if publicly disclosed.
Sample 1Sample 2
Advance Limitations means that the Borrower will be permitted to request Advances no more than twice during each calendar month; provided that, if at the commencement of any calendar month, the Borrower has not consummated any Takeout Transaction during the preceding six (6) month period, then the Borrower shall be permitted to request Advances no more than once during the six (6) month period following the commencement of such calendar month until such time as the Borrower shall have consummated any Takeout Transaction; provided, further, that the Borrower will be permitted to request additional Advances with the consent of the Majority Lenders or with the consent of theAgent and each Funding Agent in connection with a Takeout Transaction.
Sample 1

Examples of Advance Limitations in a sentence

  • The Investor shall, in each Purchase Notice, select the amount of the Advance, in its sole discretion, and the timing of delivery; provided that the amount of the Advance shall not exceed the outstanding balance owed under all Pre-Paid Advances on the date of delivery of the Purchase Notice or result in the Investor exceeding the Advance Limitations set forth in Section 3.01(b) hereof.

  • See also "Advance Limitations, Appraisal Reductions and Losses on CMBS" below.

  • Notwithstanding the absence of a reference to the Libor Option in the Xxxxxx, Sistemas and ASM shall have the same rights to elect alternative interest rates with respect to Loan Advances under the Xxxxxx as are granted to ASI under the ASI Note, subject to the Advance Limitations and other restrictions and limitations set forth in the ASI Note.

  • Advances under the Libor Option PROMISSORY NOTE Loan No. 5641298123 (CONTINUED) Page 2 -------------------------------------------------------------------------------- are subject to "Advance Limitations".

  • Advance Limitations, Appraisal Reductions and Losses on CMBS We experience shortfalls in expected cash flow on our CMBS prior to the recognition of a realized loss primarily due to servicing advance limitations to the most subordinate securities (only in certain underlying CMBS transactions) or appraisal reductions.

  • Advances; Limitations and Limits; CP Lender Advance Limitations..........................................

  • The Investor shall, in each Investor Notice, select the amount of the Advance, in its sole discretion, and the timing of delivery; provided that the amount of the Advance shall not exceed the balance owed under all Pre-Paid Advances outstanding on the date of delivery of the Investor Notice, or result in the Investor exceeding the Advance Limitations set forth in Section 3.2 of this Agreement.

  • Cash Advance Limitations Cash advance transactions are limited to 25 or $5,000 per calendar day, whichever comes first, unless a different amount was disclosed to you.


More Definitions of Advance Limitations

Advance Limitations means that the Borrower will be permitted to request Advances (i) on the initial Borrowing Date and (ii) no more than oncetwice during the six (6)-month period commencing on the first Business Day after such initial Borrowing Date and each subsequent six (6)-each calendar month period thereafter; provided that, notwithstandingif at the foregoingcommencement of any calendar month, the Borrower shall be permitted to request the following additional Advances: (A) Advances in connection withhas not consummated any Takeout Transaction, and upon during the making of such Advances, a newpreceding six (6)- month period shall commence for purposes of this definition and, then the Borrower shall not be permitted to request additional Advances no more than once during suchthe six (6)- month period and each subsequent six (6)-month period, except as otherwise expressly set forth herein, and (B) Advancesfollowing the commencement of such calendar month until such time as the Borrower shall have consummated any Takeout Transaction; provided, further, that the Borrower will be permitted to request additional Advances with the consent of the Majority Lenders or with the consent of the Agent in connection with a Takeout Transaction.
Sample 1

Related to Advance Limitations

  • Concentration Limitations has the meaning set forth in Schedule 4.

  • Plantwide applicability limitation (PAL means an emission limitation expressed in tons per year, for a pollutant at a major stationary source, that is enforceable as a practical matter and established source-wide in accordance with Chapter 19, section 011.

  • Availability Amount is (a) the lesser of (i) the Revolving Line or (ii) the amount available under the Borrowing Base minus (b) the outstanding principal balance of any Advances.

  • Availability Block means $15,000,000.

  • Concentration Limits means, as of any date of determination prior to (x) the Commitment Termination Date with respect to all items below and (y) the Final Maturity Date with respect to the concentration limit set forth in clause (c) below, for purposes of determining the Excess Concentration Amount and the Borrowing Base, the concentration limitations set forth below:

  • Concentration Limit means, at any time, for any Obligor, 2% of the aggregate Outstanding Balance of all Eligible Receivables, or such other amount (a “Special Concentration Limit”) for such Obligor designated by Agent and consented to by each Purchaser; provided, that in the case of an Obligor and any Affiliate of such Obligor, the Concentration Limit shall be calculated as if such Obligor and such Affiliate are one Obligor; and provided, further, that Agent may, upon not less than three Business Days’ notice to Seller, cancel any Special Concentration Limit.

  • Cash Collateral Orders means, collectively, the Interim Cash Collateral Order and the Final Cash Collateral Order.

  • Replacement cost for houses and other structures means the prevailing cost of replacing affected structures, in an area and of the quality similar to or better than that of the affected structures. Such costs will include: (a) transporting building materials to the construction site; (b) any labor and contractors’ fees; and (c) any registration costs.

  • Required Availability means Excess Availability and unrestricted cash and Cash Equivalents in an amount of not less than $5,000,000.

  • Acid rain emissions limitation means, as defined in 40 CFR 72.2*, a limitation on emissions of sulfur dioxide or nitrogen oxides under the acid rain program under Title IV of the Clean Air Act (CAA).

  • Credit Available for Virtual Transactions means the Market Participant’s Working Credit Limit for Virtual Transactions calculated on its credit provided in compliance with its Peak Market Activity requirement plus available credit submitted above that amount, less any unpaid billed and unbilled amounts owed to PJMSettlement, plus any unpaid unbilled amounts owed by PJMSettlement to the Market Participant, less any applicable credit required for Minimum Participation Requirements, FTRs, RPM activity, or other credit requirement determinants as defined in Tariff, Attachment Q.

  • Revolving Loan Availability means at any time the lesser of (a) the Revolving Loan Commitment or (b) the Borrowing Base Amount.

  • Vote Limit means the percentage interest specified in a Vote Limit Certificate by a Vote Limited Member pursuant to which such Member (together with such Vote Limited Member’s affiliates) will be irrevocably limited to such Vote Limit in any vote taken under Sections 2.1, 2.8, 2.9 and 8.2.

  • Net emissions increase means, with respect to any regulated NSR pollutant emitted by a major stationary source, the amount by which the sum of the following exceeds zero:

  • Borrowing Availability means, as of any date of determination, the lesser of (i) the Maximum Amount and (ii) the Borrowing Base, in each case, less the sum of the aggregate Revolving Loan and Swing Line Loan then outstanding.

  • Extension limitation means (a) the lesser of 5% or the

  • Obligor Concentration Limit At any time, in relation to the aggregate Unpaid Balance of Receivables owed by any single Obligor and its Affiliated obligors (if any):

  • Deduction Limitation means the following described limitation on a benefit that may otherwise be distributable pursuant to the provisions of this Plan. Except as otherwise provided, this limitation shall be applied to all distributions that are “subject to the Deduction Limitation” under this Plan. If an Employer determines in good faith prior to a Change in Control that there is a reasonable likelihood that any compensation paid to a Participant for a taxable year of the Employer would not be deductible by the Employer solely by reason of the limitation under Code section 162(m), then to the extent deemed necessary by the Employer to ensure that the entire amount of any distribution to the Participant pursuant to this Plan prior to the Change in Control is deductible, the Employer may defer all or any portion of a distribution under this Plan. Any amounts deferred pursuant to this limitation shall continue to be credited/debited with additional amounts in accordance with Section 3.7 below, even if such amount is being paid out in installments. The amounts so deferred and amounts credited thereon shall be distributed to the Participant or his or her Beneficiary (in the event of the Participant’s death) at the earliest possible date, as determined by the Employer in good faith, on which the deductibility of compensation paid or payable to the Participant for the taxable year of the Employer during which the distribution is made will not be limited by Code section 162(m), or if earlier, the effective date of a Change in Control. Notwithstanding anything to the contrary in this Plan, the Deduction Limitation shall not apply to any distributions made after a Change in Control.

  • Revolver Usage means, as of any date of determination, the sum of (a) the amount of outstanding Advances, plus (b) the amount of the Letter of Credit Usage.

  • Maximum Availability has the meaning set forth in Section 2.1.1.

  • Exceptions and Limitations means fair use, fair dealing, and/or any other exception or limitation to Copyright and Similar Rights that applies to Your use of the Licensed Material.

  • Borrowing Limit has the meaning set forth in Section 1.1(a)(i).

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Annual Additions means the sum of the following amounts credited to a Participant for a Limitation Year:

  • Utility Reservations means Seller’s interest in the right to receive immediately on and after Closing and continuously consume thereafter water service, sanitary and storm sewer service, electrical service, gas service and telephone service on and for the Land and Improvements in capacities that are adequate continuously to use and operate the Improvements for the purposes for which they were intended, including, but not limited to (i) any right to the present and future use of wastewater, drainage, water and other utility facilities to the extent such use benefits the Real Property, (ii) any reservations of or commitments covering any such use in the future, and (iii) any wastewater capacity reservations relating to the Real Property. Buyer shall be responsible for any requests or documents to transfer the Utility Reservations, at Buyer’s sole cost and expense.

  • Applicable Reserve Requirement means, at any time, for any Eurodollar Rate Loan, the maximum rate, expressed as a decimal, at which reserves (including, without limitation, any basic marginal, special, supplemental, emergency or other reserves) are required to be maintained with respect thereto against “Eurocurrency liabilities” (as such term is defined in Regulation D) under regulations issued from time to time by the Board of Governors of the Federal Reserve System or other applicable banking regulator. Without limiting the effect of the foregoing, the Applicable Reserve Requirement shall reflect any other reserves required to be maintained by such member banks with respect to (i) any category of liabilities which includes deposits by reference to which the applicable Adjusted Eurodollar Rate or any other interest rate of a Loan is to be determined, or (ii) any category of extensions of credit or other assets which include Eurodollar Rate Loans. A Eurodollar Rate Loan shall be deemed to constitute Eurocurrency liabilities and as such shall be deemed subject to reserve requirements without benefits of credit for proration, exceptions or offsets that may be available from time to time to the applicable Lender. The rate of interest on Eurodollar Rate Loans shall be adjusted automatically on and as of the effective date of any change in the Applicable Reserve Requirement.