Availability Advance definition

Availability Advance means an additional Receivables Advance advanced by Lender to Borrower from time to time with respect to an Eligible Instrument that then constitutes Receivables Collateral against which a previous Receivables Advance has been made.
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Availability Advance an Advance which is made against an Eligible Note Receivable after the first Advance made against such Note Receivable in an amount up to eighty five percent (85%) of the then-outstanding principal balance of all Eligible Notes Receivable pledged to Lender minus the unpaid Loan balance.
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Availability Advance an Advance which is made against an Eligible Instrument after the first Advance made against such Instrument and is based upon the difference at such time between the Receivables Loan Borrowing Base of such Instrument and the unpaid principal balance of the Receivables Loan attributable to such Instrument; provided that the substitution of an Eligible Instrument for an ineligible Instrument pursuant to paragraph 3.2 shall not be deemed to be an Availability Advance for purposes of this paragraph, but the first and every subsequent Advance against such substituted Eligible Instrument shall be deemed to be an Availability Advance.
Sample 1

Examples of Availability Advance in a sentence

  • After giving effect to any Xxxxxxxx Xxxx Event Advance or Increased Availability Advance, no Borrowing Base Deficiency will exist (and the Administrative Agent shall have received an Additional Advance Request and a Monthly Report demonstrating the foregoing).

  • In addition to satisfying all of the conditions precedent to the making of an Advance, as a condition of an Availability Advance, Borrower shall deliver to Lender a Request for Availability Advance substantially in the form and substance of Exhibit U attached hereto, together with such other items which are reasonably necessary to determine satisfaction of the conditions precedent thereto.

  • In addition to satisfying all of the conditions precedent to the making of an Advance, as a condition of an Availability Advance, Borrower shall deliver to Lender a Request for Availability Advance substantially in the form and 24 substance of Exhibit U attached hereto, together with such other items which are reasonably necessary to determine satisfaction of the conditions precedent thereto.

  • Any Advance made against an Instrument substituted pursuant to paragraph 3.2 shall be deemed to be an Additional Availability Advance; provided, however, that the substitution of an Eligible Instrument for an ineligible Instrument pursuant to paragraph 3.2 shall not be deemed to be the making of an Initial Availability Advance or Additional Availability Advance.

  • Buyer may only submit a Margin Availability Advance request in respect of a particular Purchased Asset no more than one (1) time per calendar month.

  • Borrower will pay to Lender, at the time of any Advance, a fee ("Availability Fee") equal to one percent (1.0%) of the amount of such Advance which constitutes an Availability Advance.

  • Borrower will pay to Lender, at the time of any Advance, a fee ("Availability Fee") equal to the product of the percentage identified in the Schedule as the Availability Fee Percentage times the portion of such Advance which constitutes an Availability Advance.

  • Borrower will pay to Lender, at the time of any Advance of the Receivables Loan, a fee ("Availability Fee") equal to the product of the percentage identified in the Schedule as the Availability Fee Percentage times the portion of such Advance which constitutes an Availability Advance.

  • In any month with more than two New Collateral Advances or more than one Availability Advance, each additional Advance (after the two New Collateral Advances or one Availability Advance, as applicable) will require Borrower to pay to Lender an administrative fee equal to the greater of (i) $500 or (ii) 1/4 of 1% of the amount of the Advance.

  • In connection with any funding of a Margin Availability Advance pursuant to this Article 3(j), Buyer and Seller shall modify the existing Confirmation for the applicable Transaction to set forth the new Advance Rate and outstanding Purchase Price for such Purchased Asset.


More Definitions of Availability Advance

Availability Advance means an Advance made against an Eligible Instrument after the first Advance made against such Instrument; provided that neither any readvance of Refundable Segment A Proceeds pursuant to paragraph 9.11 nor the substitution of an Eligible Instrument for an ineligible Instrument pursuant to paragraph 3.2 shall be deemed to be an Availability Advance for purposes of this paragraph 9. 10, but the first and every subsequent Advance against such substituted Eligible Instrument shall be deemed to be an Availability Advance."
Sample 1
Availability Advance means each Advance of the Loan made against an Eligible Instrument after the first Advance made against such Instrument; provided that in the case of an Eligible Instrument substituted for an ineligible Instrument pursuant to paragraph 3.2, an Availability Advance shall be deemed made at the time of the first Advance made against such substituted Instrument.
Sample 1
Availability Advance means an Advance that Borrower may request against Eligible Instruments that are currently assigned to Lender and have been previously advanced against under the terms of this Loan Agreement.
Sample 1
Availability Advance an Advance which is made against an Eligible Instrument after the first Advance made against such Instrument and is based upon the difference at such time between the Borrowing Base of such Instrument and the unpaid principal balance of the Receivables Loan attributable to such Instrument; provided that the substitution of an Eligible Instrument for an ineligible Instrument pursuant to paragraph 3.2 shall not be deemed to be an Availability Advance for purposes of this paragraph, but the first and every subsequent Advance against such substituted Eligible Instrument shall be deemed to be an Availability Advance.
Sample 1

Related to Availability Advance

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

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • 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 means an Advance made by a Bank under Tranche A.

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.

  • Eligible advance means an advance made before August 19, 1993.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Eurocurrency Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurocurrency Rate.

  • LIBOR Advance means an Advance bearing interest at a rate based upon the LIBOR Rate.

  • Revolving Advance has the meaning given in Section 2.1.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

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

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • ABR Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Extended Revolving Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Final Advance means an Advance made pursuant to Section 2.02(d).

  • Delinquency Advance As defined in Section 8.09(a) hereof.

  • Term Loan Availability Period means the period starting on the Effective Date and ending on the End Date.

  • Unused Revolving Line Facility Fee is defined in Section 2.4(c). [Signature page follows.]

  • Equipment Advance is defined in Section 2.1.1.

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.

  • Eurodollar Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(ii).