Commitment Advance definition

Commitment Advance means any full or partial advance of the Commitment to or for the benefit of Borrower including, without limitation, the Initial Commitment Advance.
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Commitment Advance means any full or partial advance of the Commitment pursuant to the terms hereof including, without limitation, the Initial Commitment Advance, future Advances of Commitment, if any, and the Closing Expense Advance.
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Commitment Advance means full or partial advance of the Commitment to Borrower pursuant to the terms hereof.
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Examples of Commitment Advance in a sentence

  • Subject to the Lender Conditions, Lender agrees to fund the Initial Commitment Advance to Borrower at the Closing and to fund the balance of the Commitment to the Borrower in accordance with the terms and conditions of this Agreement provided, however, that all Advances shall be subject to, and made in accordance with, the terms and conditions of Section 3(b).

  • Each Commitment Advance shall be made pursuant to Borrower’s delivery of an Advance Request to Lender, accompanied by documentation supporting the Commitment Advance.

  • Borrower has requested, and Lender has agreed, to fund the Origination Fee from the proceeds of the Initial Commitment Advance.

  • The aggregate principal amount of all Roll-Up L/C Commitment Advances made after the Closing Date shall not exceed the initial aggregate Roll-Up L/C Commitments, and upon the making of each Roll-Up L/C Commitment Advance after the Closing Date the Roll-Up L/C Commitments shall be reduced by the principal amount of such Roll-Up L/C Commitment Advance.

  • Subject to the terms and conditions of this Note, after receipt of a request for an Commitment Advance pursuant to Section 2(b), Lender shall make the amount of the requested Commitment Advance available to Borrower on the applicable funding date; provided, however, that Lender shall have no obligation to make any Commitment Advance unless each of the conditions precedent in Section 7 have been satisfied.

  • When opening an Account or, if all owners agree, at any time thereafter, you may designate one or more persons as beneficiaries of the Account under the Michigan Credit Union Beneficiary Accounts Act (public Act 31 of 1992), being MCL 490.81 et seq.

  • In consideration of administrative costs and expenses incurred by Xxxxxx in connection with Commitment Advances, Xxxxxxxx agrees to pay Lender a Loan Administration Fee at the time of each Commitment Advance equal to one-quarter percent (0.25%) of such Commitment Advance.

  • Such notice must be received by Lender no less than five (5) business days prior to the date that is the requested funding date, and shall specify the amount of the Commitment Advance so requested, and the requested funding date.

  • Each Commitment Advance after the initial closing hereof shall be made by Xxxxxxxx’s delivery of a written request to Xxxxxx.

  • The aggregate principal amount of all L/C Commitment Advances made after the Closing Date shall not exceed the initial aggregate L/C Commitments, and upon the making of each L/C Commitment Advance after the Closing Date the L/C Commitments shall be reduced by the principal amount of such L/C Commitment Advance.


More Definitions of Commitment Advance

Commitment Advance means the advance of the Commitment made to Borrower at the closing of this Note in accordance with the provisions hereof.
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Commitment Advance means the payment by the Buyer to the Seller calculated and paid in accordance with the terms of Clause 2.6(B). Two months coal value (One year after signature date).
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Commitment Advance means the payment by the Buyer to the Seller calculated and paid in accordance with the terms of Clause 2 .6(B). Two months coal value (One year after signature date)
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Commitment Advance means full or partial advance of the Commitment to any Borrower pursuant to the terms hereof.
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Related to Commitment Advance

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

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

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

  • Revolving Loan Commitment means, for each Bank, the amount set forth opposite such Bank's name in Schedule I directly below the column entitled "Revolving Loan Commitment," as same may be (x) reduced from time to time pursuant to Sections 3.02, 3.03 and/or 10 or (y) adjusted from time to time as a result of assignments to or from such Bank pursuant to Section 1.13 or 13.04(b).

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Swing Loan Commitment means PNC Bank’s commitment to make Swing Loans to the Borrower pursuant to Section 2.1.2 hereof in an aggregate principal amount up to $10,000,000.

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

  • Revolving Advance has the meaning given in Section 2.1.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Total Loan Commitment means an amount equal to the aggregate amount of all Loan Commitments.

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Loan Commitment has the meaning set forth in Section 2.1.

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

  • Term Loan as defined in Section 2.1.

  • Term A Loan Commitment means, for each Lender, the commitment of such Lender to make its portion of the Term A Loan, in the principal amount with respect to each such Lender equal to the amount set forth opposite the name of such Lender under "Term A Loan Commitment" on Schedule 1.01(A).

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Swing Line Loan Commitment Amount means, on any date, $10,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Swing Line Loan Commitment means the commitment of Swing Line Lender to make Swing Line Loans to Company pursuant to subsection 2.1A(iii).

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Term Loan Advances are each defined in Section 2.1.1(a).