Advance Reduction definition

Advance Reduction or “Advance Reductions” shall have the meaning set forth in Section 2(h)(ii) hereof.
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Examples of Advance Reduction in a sentence

  • Fees & Expenses Paid by/to Servicer 0.00 Interest Paid to Servicer on Outstanding Advances 0.00 ASER Interest Advance Reduction 0.00 Interest Not Advanced (Current Period) 0.00 Recoup of Prior Advances by Servicer 0.00 Servicing Fees Paid Servicer on Loans Not Advanced 0.00 Misc.

  • The related Concentration Limit Advance Reduction shall be paid on the earliest to occur of (A) the next following Remittance Date, (B) the next following Funding Date,(C) the next following date of Optional Repayment pursuant to Section 2(g)(ii) and (D) two (2) Business Days following notice or discovery by such Borrower that such Concentration Limit has been breached.

  • With respect to any determination pursuant to Section 2(i)(iii)(A) that a Concentration Limit Advance Reduction needs to be paid, the Administrative Agent shall communicate to the Borrower in writing by the Payment Notification Time, its calculation of the Concentration Limit Advance Reduction.

  • These five transaction types are: Obligation Limitation Obligation Cost Summary Advance of Funds Advance Reduction VoucherExplanations of each of these transaction types follow.Obligation Limitation – The “Obligation Limitation” establishes the amount of federal funds available for expenditure under NHTSA 402 and designated incentive grant funds.

  • With respect to each Advance for which the Administrative Agent has communicated its calculation of the Repayment Amount, Advance Reduction or Concentration Limit Advance Reduction by the Payment Notification Time, the Borrower shall pay to the Administrative Agent the Repayment Amount, Advance Reduction or Concentration Limit Advance Reduction, as applicable, for each Advance on the immediately following Remittance Date.

  • With respect to any determination pursuant to Section 2 (i)(ii)(A) that an Advance Reduction needs to be paid, the Administrative Agent shall communicate to the Borrower in writing by such Payment Notification Time, its calculation of Advance Reduction.

  • The related Advance Reduction shall be paid on the earliest to occur of (A) the next following Remittance Date, (B) the next following Funding Date, (C) the next following date of Optional Repayment pursuant to Section 2(g)(ii) and (D) two (2) Business Days following the determination by Borrower Representative of such Borrowing Base Deficiency.

  • In connection with any Concentration Limit Advance Reduction as provided in this Section 2(i)(iii)(A), the Borrower shall be entitled to request the release of the related Financed Property per clause 2(i)(iii)(B) below.

  • In connection with any Advance Reduction as provided in this Section 2(i)(ii)(A), the Borrower shall be entitled to request the release of the related Financed Property.

  • On each reduction of Advances Outstanding pursuant to Section 2.4(b), or on each repayment of Advances or each pledge of additional Eligible Loans, in each case to pay any Required Advance Reduction Amount pursuant to Section 2.6(b), the Borrower (and the Servicer on its behalf) will provide a Repayment Notice and a Borrowing Base Certificate, each updated as of such date, to the Administrative Agent and each Purchaser Agent (with a copy to the Trustee and the Backup Servicer).

Related to Advance Reduction

  • Subordination Reduction Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the Excess Subordinated Amount and (b) the Net Monthly Excess Cash Flow.

  • Debt Service Reduction With respect to any Mortgage Loan, a reduction in the scheduled Monthly Payment for such Mortgage Loan by a court of competent jurisdiction in a proceeding under the Bankruptcy Code, except such a reduction resulting from a Deficient Valuation.

  • Aggregate Reduction has the meaning specified in Section 1.3.

  • Subordination Increase Amount As to any Distribution Date, the lesser of (i) the Subordination Deficiency and (ii) the Excess Interest.

  • Debt Service Reduction Mortgage Loan Any Mortgage Loan that became the subject of a Debt Service Reduction.

  • Source reduction means any practice that reduces the amount of any hazardous substance, pollutant, or contaminant entering any waste stream or otherwise released into the environment prior to recycling, energy recovery, treatment, or disposal.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Increase Amount is defined in Section 2.3(a).

  • Proposed Reduction Date has the meaning set forth in Section 1.3.

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Reduction Date has the meaning set forth in Section 20.1B.

  • Overcollateralization Increase Amount With respect to any Distribution Date, the lesser of (a) the Overcollateralization Deficiency Amount as of such Distribution Date and (b) the Net Monthly Excess Cashflow for such Distribution Date.

  • Approved Amount means the amount that the dentist has agreed to accept as full payment for treatment.

  • Overcollateralization Reduction Amount With respect to any Distribution Date on which the Excess Overcollateralization Amount is, after taking into account all other distributions to be made on such Distribution Date, greater than zero, the Overcollateralization Reduction Amount shall be equal to the lesser of (i) the Excess Overcollateralization Amount for that Distribution Date and (ii) the Principal Remittance Amount on such Distribution Date.

  • Appraisal Reduction Amount shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Advance Deficiency As defined in Section 4.01(b).

  • Overadvance Amount has the meaning specified therefor in Section 2.4(f).

  • Maximum Revolving Advance Amount means $25,000,000.

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.