ADVANCE PROCEDURES definition

ADVANCE PROCEDURES. At least three (3) Business Days prior to the requested date of advance (other than the initial advance made on the date hereof), Borrower may make a written request to Lender for direct advances pursuant to Tranche B, which request shall include a detailed description of the proposed use of the proceeds of such advance. If all participants with respect to Tranche B consent to the making of such advance (to the extent required by the terms of any applicable Participation Agreement), Lender will make the advance requested by Borrower on the requested date.
Sample 1
ADVANCE PROCEDURES. Funding(s) up to the insured portion and up to Borrowing Base Availability will be provided only after shipment(s) occur. Funding package must include the Request for Advance (via fax or e-mail) and Regions Bank (the “Bank”) must have received the following monthly (or more frequently, if requested by Regions Bank): • Monthly Borrowing Base Certificate • Account Receivable Report (detailed, preferably by country) • Past Due Reporting • Discretionary Credit Limit Customer Report
Sample 1
ADVANCE PROCEDURES. At least three (3) Business Days prior to the requested date of advance (other than the $1,000,000 advance made on the date hereof and the $1,500,000 advance to be used to make the principal payment on Tranche A due on December 18, 1998), Borrower may make a written request to Lender for direct advances pursuant to Tranche B, which request shall include a detailed description of the proposed use of the proceeds of such advance. If all participants with respect to Tranche B consent to the making of such advance (to the extent required by the terms of any applicable Participation Agreement), and all such participants have fully paid for their participation, Lender will make the advance requested by Borrower on the requested date.
Sample 1

Examples of ADVANCE PROCEDURES in a sentence

  • Section 1.1 Defined Terms 1 Section 1.2 Other Definitional Provisions 49 ARTICLE II THE FACILITY, ADVANCE PROCEDURES AND NOTES Section 2.1 Advances 51 Section 2.2 Funding of Advances 51 Section 2.3 Notes 52 Section 2.4 Repayment and Prepayments 52 Section 2.5 Permanent Reduction of Facility Amount 53 Section 2.6 Extension of Revolving Period 53 Section 2.7 Calculation of Discount Factor 53 Section 2.8 Increase in Facility Amount 54 Section 2.9 Defaulting Lenders 54 ARTICLE III YIELD, UNDRAWN FEE, ETC.

  • No less than forty-five (45) Business Days in advance of the beginning of each calendar year, the Borrower will adopt an operating plan and a budget for the ensuing calendar year and provide a copy of such operating plan and budget at such time to the Agent (each such operating plan and budget is herein called an "Operating Budget").


More Definitions of ADVANCE PROCEDURES

ADVANCE PROCEDURES. The procedures for Advances of each Construction Loan shall be as follows:
Sample 1
ADVANCE PROCEDURES means the procedures described in Section 5.2 (Advance Procedures) and Schedule 2 (Advance Procedures) or such other advance procedures as may be agreed between the Parties from time to time.
Sample 1

Related to ADVANCE PROCEDURES

  • Administrative Procedures means the Administrative Procedures of Minnesota Management & Budget developed in accord with M.S. 43A.04, subdivision 4.

  • Sale Procedures Unless otherwise specified in the Supplement, shall mean that, with respect to any sale of one or more Underlying Securities or Related Assets, the Market Agent, on behalf of the Trust, shall sell such Underlying Securities or Related Assets to the highest bidders among not less than two solicited bidders for such Underlying Securities or Related Assets (one of which bidders may include Merrill Lynch & Co. or any Affiliate thereof; provided, however, that xxxxxxr Xxxxill Lynch & Co. nor any of its Affiliates will be under any obligxxxxx xo xxx, and which bidders need not be limited to recognized broker dealers). In the sole judgment of the Market Agent, bids may be evaluated on the basis of bids for a single Underlying Security or Related Asset, a portion of the Underlying Securities or Related Assets, or all of the Underlying Securities or Related Assets being sold or any other basis selected in good faith by the Market Agent.

  • Auction Procedures means the Auction Procedures that are set forth in Paragraph 10 of the Articles Supplementary.

  • Bidding Procedures means the bidding procedures attached as Exhibit 1 to the Bidding Procedures Order, as such bidding procedures may be amended from time to time in accordance with its terms.

  • appropriate procedures means procedures reasonably designed to prevent and detect errors and omissions. In determining the reasonableness of such procedures, weight will be given to such factors as are appropriate, including the prior occurrence of any similar errors or omissions when such procedures were in place and transfer agent industry standards, if known, in place at the time of the occurrence.

  • Remarketing Procedures means the procedures for conducting Remarketings set forth in Part II of these Articles Supplementary.

  • Servicing Procedures means the servicing procedures of Ford Credit relating to retail installment sale contracts originated or purchased by Ford Credit as the procedures may change.

  • Applicable Procedures means, with respect to any transfer or exchange of or for beneficial interests in any Global Note, the rules and procedures of the Depositary, Euroclear and Clearstream that apply to such transfer or exchange.

  • Procedures shall collectively mean DST’s transfer agency procedures manual, third party check procedures, checkwriting draft procedures, Compliance + and identity theft programs and signature guarantee procedures;

  • Customary Servicing Procedures means procedures (including collection procedures) that the Assuming Institution (or, to the extent a Third Party Servicer is engaged, the Third Party Servicer) customarily employs and exercises in servicing and administering mortgage loans for its own accounts and the servicing procedures established by FNMA or FHLMC (as in effect from time to time), which are in accordance with accepted mortgage servicing practices of prudent lending institutions.

  • Grievance Procedure is used in this Agreement, it shall be considered as including the arbitration procedure.

  • MERS Procedures Manual The MERS Procedures Manual, as it may be amended, supplemented or otherwise modified from time to time.

  • Participant Direction Procedures means such instructions, guidelines or policies, the terms of which are incorporated herein, as shall be established pursuant to Section 4.10 and observed by the Administrator and applied and provided to Participants who have Participant Directed Accounts.

  • Rights Offering Procedures means the procedures with respect to the Rights Offerings that are approved by the Bankruptcy Court pursuant to the Disclosure Statement Order, which procedures shall be in form and substance substantially as set forth on Exhibit A hereto, as may be modified in a manner that is reasonably acceptable to the Requisite Commitment Parties and the Company.

  • Operating Procedures means the standard internal operating procedures and compliance policies established by the Company to implement the Compliance Plan.

  • Reconciliation Procedures means those procedures set forth in Section 7.09 of this Agreement.

  • Settlement Procedures means the Settlement Procedures attached hereto as Exhibit A.

  • Bidding Procedures Order means the order of the Bankruptcy Court approving the Bidding Procedures.

  • Delinquency Collection Policies and Procedures The delinquency collection policies and procedures of the Interim Servicer, a copy of which is attached to the Interim Servicing Agreement as Exhibit 11.

  • Internal Procedures means in respect of the making of any one or more entries to, changes in or deletions of any one or more entries in the register at any time (including without limitation, original issuance or registration of transfer of ownership) the minimum number of the Warrant Agent’s internal procedures customary at such time for the entry, change or deletion made to be complete under the operating procedures followed at the time by the Warrant Agent, it being understood that neither preparation and issuance shall constitute part of such procedures for any purpose of this definition;